• Loading stock data...
Friday, June 20, 2025

Largest RSN Owner in U.S. Prepares for Bankruptcy

  • Sinclair’s Diamond Sports Group is reportedly heading toward a $8.6 billion debt restructuring in bankruptcy court.
  • Diamond Sports Group includes Bally Sports Regional Networks.
Bally-Sports
Bally Sports

The largest owner of local sports channels in the U.S. is reportedly heading toward an $8.6 billion debt restructuring in bankruptcy court.

Sinclair Broadcast Group’s Diamond Sports Group, which includes Bally Sports Regional Networks and showcases MLB, NBA, and NHL games, has seen a decline in cable-TV subscribers.

  • After launching a streaming service across all its markets in September, DSG reported a 10% decline in subscribers for 2022 in December.
  • In August, Diamond hired investment banks LionTree and Moelis & Company, leading to speculation that Sinclair could face bankruptcy or sell its broadcast provider of local sports.

Bloomberg reported that Diamond is expected to skip $140 million in interest payments due mid-February, emerging from the restructuring process — in which lenders including Prudential Financial and Fidelity would reportedly become equity owners — in May or June. 

The group is reportedly looking to sell DSG after the restructuring. 

Bankruptcy Business

If Diamond were to file for bankruptcy, it could affect media rights revenue for the major leagues since it would reportedly have the option to end its contracts with teams. DSG reportedly owes teams around $2 billion this year, but has only around $585 million on hand.

“You’re looking at a potential rewrite of the entire regional sports business on the other side of this restructuring,” said Davis Hebert, a senior telecom analyst at CreditSights.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Apr 3, 2025; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (23) moves the ball up court ahead of Golden State Warriors forward Kevon Looney (5) during the first half at Crypto.com Arena.

Lakers’ $10B Valuation Is Historic, but Not Surprising. What Happens Next?

Details about the deal’s structure and the team’s future are scarce.
Mar 12, 2025; Indianapolis, IN, USA; Rutgers Scarlet Knights guard Ace Bailey (4) shoots the ball while USC Trojans guard Kevin Patton Jr. (8) defends in the second half at Gainbridge Fieldhouse.

Ace Bailey Cancels Sixers Workout a Week Before NBA Draft

The former Rutgers star is a projected top-three pick in Wednesday’s draft.

Hockey’s Best Player Enters Contract Year Noncommittal About Future

The superstar becomes a free agent next year absent a contract extension.
exclusive

LeBron James’s Growing Amazon Ties Could Lead to Prime Role

James has praised Prime’s NBA talent hires for the 2025–26 season.,

Featured Today

Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.
June 6, 2025

Every College Wants a Flashy Basketball GM Hire Right Now

The role is more important than ever, and the definition is ever-evolving.
August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.
June 6, 2025

Why the Goodyear Blimp Is at Every Major Sports Event

The airship wasn’t built to cover sports. Now it’s a regular presence.

Pacers Force Game 7, Could Spark Big Ratings Boost for NBA Finals

Game 7 could boost NBA Finals ratings after a slow start this year.
June 17, 2025

Streaming Tops Linear for First Time, Sports Still Key to TV’s Resilience

Streaming hits another critical milestone in an accelerating media transition.
June 17, 2025

Stanley Cup Final Delivers Drama but Struggles for Eyeballs in U.S.

U.S. viewership fell while Canadian audiences for the event rose slightly.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
June 17, 2025

Zaslav Takes Pay Cut, TNT Sports Future Unclear in WBD Shake-Up

The TNT Sports parent company retools its executive pay after shareholder pushback.
Tyrese Haliburton
June 16, 2025

NBA Finals Ratings Up Again in Game 4 but Still Down Overall

More than nine million people watched Games 3 and 4.
Thunder
June 16, 2025

NBA, ABC Air Finals Lineup Intros After Fan Complaints

ABC aired player intros for the first time in 12 years Monday. 
Anthony Slater
exclusive
June 13, 2025

Top Warriors Reporter Anthony Slater Leaving The Athletic for ESPN

Anthony Slater starts at ESPN later this summer.