What the future could hold for Bally Sports as bankruptcy news emerges
If you're hoping for any explanation of what's going on with Bally Sports, don't. It's one big, complicated issue involving debt, sports rights, and media development. There is little doubt that the holding firm Diamond Sports Group, which owns and runs the regional sports networks Bally Sports via Sinclair Broadcasting, is heavily indebted. Also Read: Ballysports.com Activate When Sinclair first dipped its toes into the sports market, the argument was that those sports networks, which were acquired from the Walt Disney Co. so that the latter could finish acquiring 21st Century Fox, were an exorbitant luxury vehicle that was all show and no substance. Cleveland Guardians Streaming News: On Peacock, the Guardians will have two games that are nationally televised. That assessment is now proving to be accurate in the wake of the epidemic and the acceleration of cord cutting, and Bally's still makes the majority of its revenue from per-viewer carriage fees. According ...