Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business

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The company sent a letter to its team partners Friday expressing a desire to transfer ownership of the RSNs to them, and raising the potential of bankruptcy.

The media and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose games it carries that it does not have the cash to pay upcoming rights fees, and that WBD

will not fund the shortfall. The company proposes to hand control of the RSNs over to the teams and leagues, and warns that if it can’t execute on a transfer, Chapter 7 bankruptcy is on the table.

 

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We should be able to opt out of RSN and not be force to pay for channels we don't watch, directv

**chooses** not to have the cash to pay upcoming rights fees

Unfortunate. Sports has a lot to offer.

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