Sinclair Broadcasting’s Diamond Sports Group LLC subsidiary is skipping $140 million cash in interest payments due today, while announcing it would spend the next 30 days reviewing its strategic options. (more…)
Tag Archives | Sinclair Broadcasting
MLB preps for Sinclair bankruptcy restructuring
We could see a drastic overhaul of MLB’s broadcast revenues with a potential Sinclair bankruptcy filing, as the firm looks at a $8.6 billion debt restructuring that could interrupt and decrease team payments. (more…)
Get used to watching your favorite MLB teams on Bally Sports
Sinclair Broadcasting is reportedly addressing its financial woes by selling naming rights to the 21 Fox Sports networks it obtained from Disney to Bally’s Corp., creating the Bally Sports network. (more…)