![]() ![]() It has nearly $1 billion in rights payments, mostly to baseball teams, due in the first quarter this year. “We think it will be both linear in the traditional cable bundle and digitally on our own platforms, but that remains to be seen.”ĭiamond said as of Sept. “We are prepared no matter what happens with respect to Diamond to make sure the games are available to fans in their local markets,” he said. Manfred said Diamond has told MLB it intends to pay its baseball teams, but he called it an “unfolding story” that could change. “The company intends to use the 30-day grace period to continue progressing its ongoing discussions with creditors and other key stakeholders regarding potential strategic alternatives and deleveraging transactions to best position Diamond Sports Group for the future,” Diamond said in a statement.ĭiamond is a subsidiary of Sinclair Broadcast Group Inc., and its regional networks broadcasts games of 14 MLB, 16 NBA and 12 NHL teams. MLB hopes any upheaval leads to an end of local blackouts. The missed payments by the parent company of 19 Bally Sports regional networks started a 30-day grace period that could be the prelude to a bankruptcy filing, possibly leading to changes in how televised games are made available to viewers. ![]() PHOENIX (AP) - Commissioner Rob Manfred said Major League Baseball is prepared for whatever happens to the financially troubled company that owns regional broadcast rights for 14 teams after Diamond Sports Group skipped about $140 million in interest payments due Wednesday. ![]()
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