- Posts: 1424
- GoldenHas donated $ to the upkeep of GPL
Sinclair Broadcast Corp. paid $9.6 billion in an August 2019 highly leveraged deal for the Fox Sports RSNs. Sinclair’s RSN subsidiary business, Diamond Sports, was forced to write-down the value of the acquisition by $4.2 billion and continues to face debt pressure over the deal. It has failed to restructure its $8 billion-plus in debt this summer and is focused on creating its own streaming service that could cost $15 to $20 a month starting in the first half of 2022.
I’ll be curious to see how many people actually will pay that price. I think it’s a lot less than they believe.