Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Friday, March 10, 2023
The Arizona Diamondbacks could be one of the first teams impacted as Diamond Sports Group prepares to file for bankruptcy.
The operator of the 19 Bally Sports regional television networks has continued to pay its rights fees to every Major League Baseball team with the exception of the Diamondbacks, reports John Ourand of Sports Business Journal.
Diamond released this statement: “We’ve been making our rights payments to teams with the exception of the Diamondbacks, where we have exercised a contractual grace period in order to maximize flexibility, especially given that we do not have DTC rights. We are continuing to broadcast games and are operating our business as usual.”
Ourand reports that the grace period to pay the D-backs ends at midnight on Thursday.
He adds that Diamond has not paid the D-backs because the deal is extremely team-friendly in comparison to other clubs. It also runs through 2035.
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1. The Duke Posted: March 10, 2023 at 04:13 PM (#6120096)If I didn't know any better, it was as if they decided to act in accordance with the cable companies by going out of their way to create a situation that cutting the cord was going to be problematic for the users.
"They" the DBacks or "they" MLB or "they" Bally/Sinclair?
They = Bally Sinclair(or more accurately the fox sports network, bally mostly just acquired the company after Fox made the demands) . Fox Sports Midwest had a perfectly good working model with Sling TV and others and decided to require massive price increases for them to be carried, this wasn't the typical let's up the cost 10% type of stuff, but it was more or less double the cost type of thing (if not more) they got greedy knowing full and well that they were a major part of the subscription service, while ignoring the fact that the company still needs to make a profit and keep the overall cost down to be competitive. (Fox Sports was still selling commercials, and having more homes to present the commercials was going to be nearly as profitable as the subscription costs anyway)
We need to reform corporate governance if we have any hope of having a better economic system in or out of baseball watching.
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