Ten professional sports teams will apt soon person to find caller broadcast partners, arsenic their existent 1 is trying to time off nan location sports broadcasting business.
Warner Bros. Discovery has told teams of its plans to get retired of regional sports wrong nan adjacent respective weeks.
WBD operates AT&T SportsNet successful Denver, Houston, and Pittsburgh while besides owning a number liking successful Root Sports successful Seattle.
The institution has told teams they person until March 31 to scope a woody to regain their rights. If they can't, nan channels will proceed pinch Chapter 7 liquidation filing.
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David Zaslav, CEO, Warner Bros. Discovery speaks onstage during nan Warner Bros. Discovery Upfront 2022 show astatine The Theater astatine Madison Square Garden connected May 18, 2022 successful New York City. ((Photo by Kevin Mazur/Getty Images for Warner Bros. Discovery) / Getty Images)
"AT&T SportsNet is not immune to nan well-known challenges that nan full RSN manufacture is facing. We will proceed to prosecute successful backstage conversations pinch our partners arsenic we activity to place reasonable and constructive solutions," WBD told Sports Business Journal.
The teams affected are successful MLB (Houston Astros, Seattle Mariners, Pittsburgh Pirates, Colorado Rockies), NBA (Utah Jazz, Portland Trail Blazers, Houston Rockets) and nan NHL (Seattle Kraken, Pittsburgh Penguins, Vegas Golden Knights).
A wide position arsenic head Rob Thomson #59 of nan Philadelphia Phillies makes a pitching alteration successful nan sixth inning against nan Houston Astros successful Game One of nan 2022 World Series astatine Minute Maid Park connected October 28, 2022, successful Houston, Texas. (Carmen Mandato/Getty Images)
The move comes amid nan apt bankruptcy of Diamond Sports Group, which operates Bally Sports. Forty-two teams nether 19 networks are broadcast connected Bally, but Diamond is astir $8 cardinal successful debt.
Reportedly, WBC has been trying to get retired of location sports for months.
A wide position of nan section successful nan 4th inning during nan crippled betwixt nan Pittsburgh Pirates and nan Philadelphia Phillies astatine PNC Park connected July 30, 2022, successful Pittsburgh, Pennsylvania. (Justin Berl/Getty Images / Getty Images)
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It is estimated that nan Pirates bring successful astir $60 cardinal per twelvemonth pinch their existent deal.