• Loading stock data...
Tuesday, October 7, 2025
Law

Regional Sports Networks Throttle Sinclair’s Revenue During Quarter

  • Bankrupt Diamond Sports was the main driver of Sinclair’s 40% total revenue dip in the first quarter.
  • Diamond Sports alleges the Suns, Mercury are in breach of contract over a new rights deal.
A phone displaying the Sinclair Broadcast Group logo is shown in front of the logo of their RSN brand, Bally Sports.
Shutterstock

Sinclair’s first-quarter revenue cratered 40% as its bankrupt regional sports network subsidiary continues to drag down the broadcast giant. 

Sinclair reported $773 million in total revenue compared to nearly $1.3 billion during the same period last year. Excluding Diamond Sports Group, Sinclair’s total revenue dipped 7%. 

Sinclair’s quarterly net income was $185 million — nearly a 93% drop from 2022. 

Diamond Sports — which owns and manages 19 Bally Sports-branded RSNs — filed for bankruptcy protection in March as it sought to restructure $8 billion in debt. Sinclair purchased the RSNs for $9.6 billion in 2019. 

In the weeks since the bankruptcy filing, Diamond Sports has continued to broadcast live game coverage on deals with 14 MLB teams — even after missing payments to the Cleveland Guardians, Minnesota Twins, Arizona Diamondbacks, Texas Rangers, and Cincinnati Reds. 

A judge ordered Diamond Sports to pay the Guardians, Twins, Diamondbacks, and Rangers half the rights fees owed to the team. The Reds were also paid an unspecified amount. 

Suns, Mercury Deal Fallout

The Phoenix Suns and Mercury announced a new local broadcast setup with Gray Television and the streaming firm Kiswe to replace Bally Sports Arizona on Friday.

Diamond Sports claimed the right to match any offer in a court filing Wednesday, as the Suns deal remains active amid the team’s ongoing 2022-23 season. 

“The Suns, Gray, and Kiswe were undoubtedly aware … [of what] their actions would have on Diamond Arizona’s precarious financial circumstances,” a Diamond Sports lawyer wrote in the filing. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

After Draft-Day Snub and Drama, Sanders to Start Preseason Opener

Multiple injuries mean Sanders gets the nod for the opening preseason game.

US Open Breaks Prize Money Record, Still Leads All Grand Slams

The total 2025 US Open prize money is $85 million.

Former Heat Security Guard Indicted in $2M Memorabilia Scheme

He is accused of stealing more than 400 game-worn jerseys and other memorabilia, prosecutors say.

WNBA Hits Sophie Cunningham With Fine Over Ref Criticism—Again

Cunningham was fined $500 in July for criticizing referees on a TikTok.

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
Dec 2, 2022; Las Vegas, NV, USA; Southern California Trojans former quarterbacks Mark Sanchez (left) and Matt Leinart watch from the sidelines during the Pac-12 Championship game against the Utah Utes at Allegiant Stadium.

Mark Sanchez, Fox Sports Sued Over Alley Fight That Turned Bloody

The high-profile incident took place Saturday night in Indianapolis.
Apr 16, 2025; Washington, DC, USA; FIFA Chief Football Officer Jill Ellis speaks during a FIFA Club World Cup press conference at Audi Field.
October 1, 2025

San Diego Wave Owners Sue Jill Ellis for Abandoning Team After Sale

Ellis allegedly broke a pledge by leaving for FIFA after the sale.
Jon Gruden
October 3, 2025

Jon Gruden’s Case Against NFL Gets Closer to Open Court

The Nevada Supreme Court ruled unanimously against the NFL’s appeal. 
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Brian Flores
September 30, 2025

Brian Flores Asks Court to Halt NFL Arbitration

The war between Flores’s lawyers and an NFL arbitrator has heated up.
Oct 27, 2024; Houston, Texas, USA; Houston Texans co-founder and former owner Janice McNair (left) sits with Texans chief executive officer Cal McNair and wife Hannah McNair in front of family members of Texans former player Andre Johnson (not pictured) during a ceremony at halftime of the game against the Indianapolis Colts at NRG Stadium.
September 29, 2025

NFL Sued for $100M Over Efforts to ‘Silence’ Brother of Texans Owner

Robert Cary McNair Jr. says the NFL helped remove him from roles.
Apr 11, 2025; Portland, Oregon, USA; Portland Trail Blazers forward Kris Murray (24) grabs a rebound during the second half against Golden State Warriors guard Buddy Hield (7) at Moda Center.
September 26, 2025

RAJ Sports Sues Panda Express Owners for Dumping Them in Blazers Bid

RAJ Sports says it led a group that sought to buy the Blazers.
Mar 26, 2025; San Francisco, CA, USA; Detail view of the logo and basketballs during NCAA Tournament West Regional Practice at Chase Center.
September 26, 2025

Judge Dismisses Multiple Claims in Transgender Participation Lawsuit

The lawsuit was brought in 2024 by conservative activist Riley Gaines and others.