Portal Forum General General Discussion Local Broadcasting/Media Reply To: Local Broadcasting/Media

#136932 Quote
  • Posts: 1424
  • GoldenHas donated $ to the upkeep of GPL

Vegoe wrote:

$ – https://theathletic.com/2952789/2021/11/15/amid-sports-tv-chaos-what-happens-if-sinclairs-rsns-go-bankrupt-next-year/?article_source=search&search_query=Bally%5C%5C%27s%20RSN

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.