Regional sports broadcaster files for bankruptcy. Is too much money paid for regional TV channels

Sinclair broadcasting has filed for chapter 11 bankruptcy. Diamond sports group also files they run bally sports. What I wanna know is is there too much money paid out in regional TV sports rights.

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[chrisolivo]

As a Flyers fan, the Philadelphia teams TV rights are by Comcast (NBC Sports Philadelphia). They cut a lot of good analysts and studio shows in the past 5 years to the point where they essentially show the games and you get a 30 minute Pre-Post game shows.

When Comcast bought the rights to the teams in 1997 it was like a local 24/7 ESPN. We had great studio shows, highlight shows, interview shows and a lot of good analysts. All gone to budget cuts, so even big markets like Philly are affected by skyrocketing TV rights.

I have always said the regional sports network TV model made no sense, as they just don’t have enough programming to justify a 24/7 sports channel.

[TheSportsBoffin]

Here in the UK we generally have the ESPN or Sportsnet feeds for the games we get to watch over here. The last broadcaster to go out of business over here in UK was Setanta back in 2008. It led to many teams basically going broke.

[taiwanarnold]

They shouldn't bought it in the first place Wall Street told them Don't do it its about money you Don't see any money back from buying them Channels

[steelersrus]

That is crazy..
55 Billion?Geeeez smh.

[WestleyWolf]

I feel sorry for the majority of the country that are in that issue and honestly they need Solutions if its going to cost them billions. (My team is on MSG so i have no problem with them.)

[pamelawarren]

As a Leafs fab, the local and national rights are owned by Rogers aka Sportsnet.

[fantasticvoyage]

There is no "kind of". It's definitely a big deal to all those teams with contracts with Bally Sports. When something involves that much money, there is no gray area. All the "kind of" drives me nuts.

[jameswillis]

good im glad they filed for bankruptcy! bally pulled their channel from my dish line up and i never got to see a pistons game all season screw bally

[thewhale]

All those markets are going to be pissed😅

[timemerson]

Time for cable to go the way of the buggy whip. invest in OTA/ streaming.

[fantasticvoyage]

Who are the new people covering Wild games?