, Warner Bros. Discovery Inc. has told professional sports teams whose games are carried on three of its regional sports networks that it plans to exit the RSN business entirely within the next several weeks.
In a letter reviewed by the Wall Street Journal, teams were warned that “the business will not have sufficient cash to pay the upcoming rights fees.” Teams were also told that Warner Bros. Discovery “will not fund our shortfalls.”In a statement provided to The Denver Post, Warner Brothers Discovery said: “AT&T SportsNet is not immune to the well-known challenges that the entire RSN industry is facing.
psaundersdp Good thing that the Rockies are awful as this is a loss to no one.
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Warner Bros Discovery earnings: CEO David Zaslav faces new challengesWarner Bros Discovery CEO David Zaslav faces complex challenges as a combined HBO Max-Discovery streamer preps to launch this spring and staffers fear more layoffs and cuts
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