Diamond Sports wins bankruptcy court approval for reorganization plan
Diamond Sports will be able to reduce its debt load to $200 million. Certain creditors will hold equity in the company post-bankruptcy.
Sinclair, Inc. (formerly Sinclair Broadcast Group) is a local broadcast and pay TV network company based in Baltimore, Maryland. The company owns or operates more than 190 television stations in 90 metropolitan areas, most of which are affiliated with a major broadcast network like ABC, CBS, the CW, Fox or NBC.
Through its Diamond Sports Group subsidiary, Sinclair also has a controlling interest in nearly two dozen regional sports networks. Sinclair also operates the Tennis Channel in the United States and overseas and several broadcast networks and streaming content channels — Charge, Comet, T2, TBD and The Nest.
Sinclair’s other businesses include Sinclair Media Networks, the streaming local news platform NewsOn and One Media Technologies. Sinclair is also a proponent of NextGen TV, the next-generation digital broadcast standard utilizing ATSC 3.0 technology.
Diamond Sports will be able to reduce its debt load to $200 million. Certain creditors will hold equity in the company post-bankruptcy.
The Tennis Channel will relaunch its standalone streaming service to include an expansive on-demand content library, podcasts and live multicourt coverage.
Sinclair saw significant gains in its affiliate fee and political advertising revenues during the company’s third quarter of the year.
Sinclair’s streaming news service NewsOn is now available to users of Vizio’s smart television sets
The soccer program is the third sports-focused show to launch as part of Sinclair’s expanding podcast business.
Sinclair and its local TV stations helped raise $1.3 million for the Salvation Army’s hurricane relief efforts, the company said this week.
A Sinclair news executive says the Election Night special is an opportunity to spotlight the synergy between the company’s local and national news teams.
LG has debuted a new content hub on its free streaming TV service, LG Channels.
Goldman will be responsible for implementing, expanding and supporting various advanced operational technologies associated with NextGen TV.
Diamond Sports has unveiled a new branding partnership with FanDuel that will see its Bally Sports-branded channels adopt the FanDuel Sports Network name.