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WSJ News Exclusive | Warner Bros. Discovery Looks to Get Out of Regional Sports TV Business

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Warner Bros. Discovery is looking to get out of the regional sports TV business. It told the NBA, MLB and NHL that it wants to cease operating three networks.

Warner Bros. Discovery Inc.

is informing the professional-sports teams whose games are carried on three of its regional sports networks that it wishes to cease operating the channels and exit the business, according to people familiar with the matter.from AT&T Inc. The channels—which are still branded as AT&T SportsNet—serve teams in Pittsburgh, Houston, Colorado and Utah—and carry baseball, basketball and hockey.

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Is this driven by more by decreased revenues or by out of control rights fees? Either way, is this the beginning of the end of up and to the right $$ in sports? ogilviej golfidant

This may be the thing that finally gets the small markets owners to demand true revenue sharing and a cap/floor system.

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