NBA, NHL voice concerns over future of Diamond Sports, as it tries to craft post-bankruptcy plan
Publishing timestamp: 2024-06-04 15:01:53
Summary
NBA and NHL express concerns over the viability of Diamond Sports' business as the company, which owns a large portfolio of regional sports networks, remains under bankruptcy protection. Leagues are worried about the future of the networks ahead of the upcoming seasons and are pushing for a clear business plan to be presented by July. Negotiations with stakeholders, including Comcast, have hit roadblocks, potentially impacting the distribution of games.
Sentiment: MIXED
Keywords: sinclair broadcast group inc, sports, breaking news: business, media, business news, corporate bankruptcy, national hockey league, comcast corp, nba, major league baseball,
Source: https://www.cnbc.com/2024/06/04/diamond-sports-bankruptcy-nba-nhl-concerns.html