The dominoes from Diamond Sports Group's bankruptcy filing are starting to hit hard.
LAKELAND, FL - MARCH 08: A detailed view of a Bally Sports microphone laying on the field after being used for an interview prior to the Spring Training game between the Detroit Tigers and the Washington Nationals at Publix Field at Joker Marchant Stadium on March 8, 2023 in Lakeland, Florida. The Tigers defeated the Nationals 2-1. are starting to hit hard.
The development will end a 20-year, $1.2 billion deal for Bally Sports San Diego that was set to run through 2032. The deal was reportedly a money-loser for Diamond, which said in a statement to SBJ that it still has the cash to pay the deal, but said MLB's refusal to budge on streaming rights forced their hand:
The potential loss of the cable rights income is an issue MLB has facing for years, as cord-cutters increasingly bite into the bottom line of a vital part of the league's business. There areWill other MLB teams see their broadcasts dropped?
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