Steve Rosenberg has departed Sinclair Broadcast Group’s regional sports subsidiary, Diamond Sports, less than one week after the company filed for Chapter 11 bankruptcy protection.
Rosenberg served as the president of Diamond Sports. His last day was Sunday, according to a memo that was circulated among Diamond Sports executives and employees.
David DeVoe, Diamond Sports’ Chief Financial Officer, will take on various functions that were vacated by Rosenberg upon his departure, according to Diamond Sports CEO David Preschalack.
Rosenberg joined Sinclair as the company’s president of local sports in 2020, one year after Sinclair acquired more than 20 Fox Sports-branded networks from the Walt Disney Company. Rosenberg helped facilitate a licensing agreement between Diamond Sports and Bally’s for the naming rights to the channels.
Sinclair and Diamond have struggled to cover the $10.6 billion investment made for the regional sports channels, which offer live events from various Major League Baseball (MLB), National Basketball Association (NBA) and National Hockey League (NHL) teams. Last week, the company filed for Chapter 11 bankruptcy protection in order to eliminate around $8 billion worth of debt.