MLB commissioner Rob Manfred says the league is prepared for whatever happens with...
MLB commissioner Rob Manfred says the league is prepared for whatever happens with Diamond Sports Group after the financially troubled parent company of 19 Bally Sports regional networks skipped about $140 million in interest payments.
Diamond is a subsidiary of Sinclair Broadcast Group Inc., and its regional networks broadcasts games of 14 MLB, 16 NBA and 12 NHL teams. In Texas, the Texas Rangers and Dallas Stars both broadcast their games on Bally Sports Southwest. Diamond said as of Sept. 30 it had debt of $8.674 billion. It has nearly $1 billion in rights payments, mostly to baseball teams, due in the first quarter this year.
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