Bally Sports RSNs Are Reportedly Preparing For Bankruptcy

[Bruce]

Against all odds, Diamond Sports Group looks set to rise from the ashes

After a protracted bankruptcy period, the investment from Amazon looks set to salvage what was left of Diamond Sports Group.

awfulannouncing.com

from the link-

Patrick Crakes, a former Fox Sports executive, has long been on a hobby horse countering the message that pay-TV is dead. By now the numbers are familiar, from a peak of just over 100 million homes about a decade ago, the cable universe has dropped below 70 million homes and the decline is not abating.

Except what he is not reporting, of that under 70 Million that still has Paid Live TV, over 20 Million of them are with services that do not carry the RSNs (Dish, Sling, Hulu Live, YTTV)

Then three of the Providers that do carry them, are the ones that lose the most subscribers every quarter-Comcast, Charter and DirecTV.

Then, how many have packages that do not have the RSNs, like Entertainment with DirecTV.

So that drops RSN subscriber numbers to about 40-45 million, at the rate they are losing customers (per sub fees) at about 6-8 million this year, estimated to be 8 million next year, that means then there will not be enough subscribers to support the RSNs, so most of them have 1-2 years of life, team owned has 2-3 years left, even the team owned ones have bills with running a RSN.

 

[navychop]

It’s a sign of the Apocalypse

 

[glrush]

Diamond Sports Group dropping Bally's branding from regional sports networks

The Bally Sports RSNs are in their final months with that name, with the Diamond Sports Group looking to rebrand.

awfulannouncing.com

 

[Bruce]

Some news, Diamond signed a new deal with Charter to carry the channel, but not all good news.

“Under the new agreement, customers will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game content on Diamond’s RSN channels through Charter’s Spectrum TV Select Plus package.

Plus is the higher Tier, it was originally on the less expensive tier, so if people still want it, they will have to pay more, but of those who do not care (majority), they will stay at the less expensive tier and Diamond will lose out of even more per sub fees.

Bally Sports Will Continue to Air NBA Games after Reaching a Deal With Spectrum | Cord Cutters News

Today, Bally Sports’ Parent company, Diamond Sports Group, announced it has reached a deal with Spectrum’s parent company, Charger Communications. This deal will keep Bally Sports on Spectrum TV packages and help it keep its NBA TV rights. Recently it was reported that if Bally Sports failed to...

cordcuttersnews.com

 

[Bruce]

More news-

A Houston bankruptcy court judge on Wednesday approved Diamond Sports Group’s broad, 174-page outline for exiting Chapter 11 restructuring (aka a “disclosure statement”), an outcome that could occur as soon as June 18, when a confirmation hearing is set.

but-

trouble bubbled up again last week, when Major League Baseball, the National Basketball Association and the National Hockey League each filed motions with the court, expressing, in the words of the NBA, that they are “deeply concerned” about Diamond's trajectory.

Not only does Diamond still have pivotal long-term renewal deals with DirecTV and Comcast to nail down, but Lopez has just approved Diamond’s request to extend the final deadline for finishing its restructuring plan to November 14, the maximum time frame allowed under U.S. bankruptcy law.

The NBA and NHL both expressed consternation that the leagues could once again start their new seasons in October amid the specter of a major TV distribution partner in bankruptcy.

Notice that the MLB did not complain, because the contract ends after this season, would DirecTV, Comcast and Charter ( they only have a one year deal at a reduced rate) want to pay Diamond full price for a part time RSN, that is what it would be without MLB.

Diamond Sports Could Emerge From Bankruptcy on June 18

With a judge approving the company’s disclosure agreement and setting up a June confirmation hearing, Diamond lawyer says the company has the, er, rubber to the road on exiting Chapter 11, while insisting a just-approved November deadline extension is merely a ‘prophylactic motion’

www.nexttv.com

 

[savarese04]

Hot on the heels of DirecTV renewing for multi-years, Comcast says nope! Did not see that coming.

Comcast Will Drop Bally Sports RSNs After Failing to Reach a New Deal | Cord Cutters News

Bally Sports’ parent company, Diamond Sports Group, is in a tough fight for survival as it tries to exit bankruptcy. Now, a major blow has come to its plans to excite bankruptcy, as Comcast announced tonight that it plans to drop Bally Sports after failing to reach a new contract. Though a...

cordcuttersnews.com

 

[Bruce]

Hot on the heels of DirecTV renewing for multi-years, Comcast says nope! Did not see that coming.

Comcast Will Drop Bally Sports RSNs After Failing to Reach a New Deal | Cord Cutters News

Bally Sports’ parent company, Diamond Sports Group, is in a tough fight for survival as it tries to exit bankruptcy. Now, a major blow has come to its plans to excite bankruptcy, as Comcast announced tonight that it plans to drop Bally Sports after failing to reach a new contract. Though a...

cordcuttersnews.com

If true, then it is over, cannot survive without Comcast’s 14 Million per sub fees.

 

[comfortably_numb]

Terribly worded article with lots of misspellings and grammar issues. Is journalism really this sloppy now?

 

[Bruce]

Terribly worded article with lots of misspellings and grammar issues. Is journalism really this sloppy now?

It is a blog, not real journalism.

Here is the same story, that a actual newspaper did on the subject from back home-

Xfinity drops Bally Sports Detroit: How you can still watch Detroit Tigers games

If you have Xfinity and you're trying to watch the Detroit Tigers, you likely have to find some other options.

www.freep.com

 

[comfortably_numb]

It is a blog, not real journalism.

Here is the same story, that a actual newspaper did on the subject from back home-

Xfinity drops Bally Sports Detroit: How you can still watch Detroit Tigers games

If you have Xfinity and you're trying to watch the Detroit Tigers, you likely have to find some other options.

www.freep.com

Thanks.

As I've said before, f**k Bally's and their expensive RSN concept. I used to be a baseball fan, but with these crybaby overpaid players and their a$$hole team owners, I no longer care. I tried to rally behind the A's when they decided to move to Las Vegas, but then their owner decides they'll play the next 3 seasons in Sacramento! The Royals are currently holding Kansas City hostage for a new stadium without putting a winning product on the field.

I'm done with these bloated payroll teams and the way they exploit fans.

 

[lordodogg]

It is a blog, not real journalism.

Here is the same story, that a actual newspaper did on the subject from back home-

Xfinity drops Bally Sports Detroit: How you can still watch Detroit Tigers games

If you have Xfinity and you're trying to watch the Detroit Tigers, you likely have to find some other options.

www.freep.com

Is YES (Yankees network) affected?

 

[Bruce]

Thanks.

As I've said before, f**k Bally's and their expensive RSN concept. I used to be a baseball fan, but with these crybaby overpaid players and their a$$hole team owners, I no longer care. I tried to rally behind the A's when they decided to move to Las Vegas, but then their owner decides they'll play the next 3 seasons in Sacramento! The Royals are currently holding Kansas City hostage for a new stadium without putting a winning product on the field.

I'm done with these bloated payroll teams and the way they exploit fans.

As I have written before, they cannot survive without the per sub fees, since the providers that carry them, are the ones who are losing the most subscribers

With those rate of losses, they have till the end of 2025 before all of them are unprofitable, including the team owned RSNs, who will then look to getting right’s fees from elsewhere.

For example, these are the main providers that carry the RSNs-

In 2023
Comcast lost 2,036,000 million
Charter lost 1,025,000 million
DirecTV (Satellite, Stream, by Internet, Uverse) lost 2 Million

That is over 5 Million per sub fees gone in one year, plus the 25 million lost previously.

 

[Bruce]

Is YES (Yankees network) affected?

No, but will be soon, no Broadcast/Cable Channel can exist without enough revenue, the NY Area is actually more affected by Cord Cutting, because they have better access to Broadband, not just Cable Broadband, but 5G Services also.

The 5G Companies reported that NY City was one of their biggest growth areas.

 

[ncted]

It is a blog, not real journalism.

Here is the same story, that a actual newspaper did on the subject from back home-

Xfinity drops Bally Sports Detroit: How you can still watch Detroit Tigers games

If you have Xfinity and you're trying to watch the Detroit Tigers, you likely have to find some other options.

www.freep.com

It isn't like real journalism is that much better. We lost all the copy editors from the newsrooms at the newspaper company I worked for back during the Great Recession. Everyone was supposed to check each others work, but it was not the same as having dedicated people to do it.

 

[Bruce]

It isn't like real journalism is that much better. We lost all the copy editors from the newsrooms at the newspaper company I worked for back during the Great Recession. Everyone was supposed to check each others work, but it was not the same as having dedicated people to do it.

I did not criticize, that was Numb, the information was the same either way, bye bye Bally Sports.

 

[Jimbo]

Thanks.

As I've said before, f**k Bally's and their expensive RSN concept. I used to be a baseball fan, but with these crybaby overpaid players and their a$$hole team owners, I no longer care. I tried to rally behind the A's when they decided to move to Las Vegas, but then their owner decides they'll play the next 3 seasons in Sacramento! The Royals are currently holding Kansas City hostage for a new stadium without putting a winning product on the field.

I'm done with these bloated payroll teams and the way they exploit fans.

I think THIS has more to do with the Chiefs than the Royals, as if 1 get one, the other will expect it too.

I don't see it happening, but read that the Chiefs May look elsewhere to build, as in leave KC.

 

[comfortably_numb]

don't see it happening, but read that the Chiefs May look elsewhere to build, as in leave KC.

They'll move to Kansas, not leave Kansas City.

 

[comfortably_numb]

I did not criticize

Then why did you feel the need to post an alternate link?

 

[Bruce]

Then why did you feel the need to post an alternate link?

Because you criticize and I thought that you would appreciate a link to a real newspaper.

I guess my mistake.

 

[ncted]

I did not criticize, that was Numb, the information was the same either way, bye bye Bally Sports.

Didn't mean to imply you did. I was the one criticizing journalism for being as bad as blog due to lack of copy editing.