Diamond Sports sues Phoenix Suns over broadcast TV deal
Diamond Sports has filed a federal lawsuit seeking to block a deal between the Phoenix Suns basketball team and Gray Television.
Diamond Sports Group is a subsidiary of Sinclair, Inc. that operates around two dozen sports-focused regional cable channels.
Diamond Sports has filed a federal lawsuit seeking to block a deal between the Phoenix Suns basketball team and Gray Television.
Total revenue at Sinclair was down 40 percent compared to last year, largely attributed to woes at Diamond Sports. [Fierce Video]
Diamond Sports said the deal between the Phoenix Suns and Gray Television violates its broadcast agreement.
The Phoenix Suns games will now air on KTVK, a free broadcast station, after its deal with Sinclair’s Diamond Sports Group lapsed.
Diamond Sports admitted it missed rights payments to two pro baseball teams and offered to put the cash in escrow; Major League Baseball said that offer isn’t good enough.
Sinclair Broadcast Group this week said it will reorganize its various businesses under a new holding company called Sinclair, Inc.
The YES Network has launched a streaming service that will offer live New York Yankees games without cable or satellite.
Steve Rosenberg has departed Sinclair’s Diamond Sports less than one week after the subsidiary declared bankruptcy.
Arizona Diamondbacks, Buffalo Sabres and DirecTV are among Diamond Sports’ biggest creditors, according to bankruptcy documents.
Diamond Sports Group says it will continue to broadcast programming as it works on restructuring and payment plans with its creditors.