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Friday, February 24, 2023

Warner Bros. Discovery Looks to Get Out of Regional Sports TV Business

Warner Bros. Discovery Inc. .. is informing the professional-sports teams whose games are carried on three of its regional sports networks that it wishes to cease operating the channels and exit the business, according to people familiar with the matter.  The channels—which are still branded as AT&T SportsNet—serve teams in Pittsburgh, Houston, Colorado and Utah—and carry baseball, basketball and hockey.

In a letter sent Friday from the unit’s president Patrick Crumb—a copy of which was reviewed by The Wall Street Journal—teams were warned that “the business will not have sufficient cash to pay the upcoming rights fees,” people familiar with the letter said.

When does the Bryan Reynolds auction start?

(Not behind a paywall.)

NattyBoh Posted: February 24, 2023 at 06:05 PM | 6 comment(s) Login to Bookmark
  Tags: cable sports, colorado rockies, houston astros, pittsburgh pirates, revenues, television rights

Reader Comments and Retorts

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Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. The Duke Posted: February 25, 2023 at 12:33 AM (#6118565)
Me thinks that manny machado should take the padres deal on the table
   2. tell me when i'm telling 57i66135 Posted: February 25, 2023 at 04:57 AM (#6118570)
Warner Bros. Discovery
everyone responsible for this ####### shitshow of a merger should be thrown in jail.
   3. DL from MN Posted: February 25, 2023 at 09:12 AM (#6118579)
So the group of teams that MLB might regain control of shortly are:

Arizona, Atlanta, Cincinnati, Cleveland, Detroit, Kansas City, LA Angels, Miami, Milwaukee, Minnesota, St. Louis, San Diego, Tampa Bay, Texas (Bally)
Colorado, Houston, Pittsburgh, Seattle (AT&T)

The teams control the network for these teams:
Chicago Cubs (Marquee, though that is a partner with Sinclair), Washington & Baltimore (Mid-Atlantic), Boston (NESN), Toronto (Sportsnet), NY Yankees (YES)

That leaves the teams partnered with Comcast and Charter:

Chicago White Sox, Oakland, Philadelphia, San Francisco, LA Dodgers (Spectrum SportsNet LA), NY Mets (Spectrum Sportsnet NY)
   4. Walt Davis Posted: February 25, 2023 at 01:36 PM (#6118601)
Gosh, maybe I'll wait to see how this all plays out before deciding whether to renew my mlbtv sub.
   5. The Yankee Clapper Posted: February 26, 2023 at 12:16 PM (#6118692)
Me thinks that manny machado should take the padres deal on the table
Probably not, since Machado is now reported to be signing for $350M/11 years. Also, suggestions that the financial troubles of regional sports networks will greatly impact teams’ spending seem premature.
   6. kirstie819 Posted: March 14, 2023 at 10:53 PM (#6120447)
It’s no secret that content marketing is a powerful tool for businesses of all sizes. From small businesses to large corporations, content marketing has become an essential part of any successful marketing strategy. Tom

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