https://www.bloomberg.com/news/articles/2023-01-25/sports-broadcaster-diamond-faces-8-6-billion-debt-reckoning

Sinclair is defaulting on $140 million in interest payments next month and cites subscriber decline as a factor for filing.

https://www.nexttv.com/news/its-on-bally-sports-rsns-headed-for-bankruptcy

Meanwhile, pro teams relying on TV rights revenue from their deals with the 19 Bally Sports (https://awfulannouncing.com/tag/bally-sports) RSNs will face severe belt-tightening, since rights deals with them can be terminated amid the restructuring.

For example, MLB’s St. Louis Cardinals have been identified(opens in new tab) as a franchise likely to take one of the hardest blows, since so much of its revenue comes from RSN TV rights.

Diamond Sports, largest owner of regional sports networks, files for bankruptcy (https://www.cnbc.com/2023/03/14/diamond-sports-files-for-bankruptcy.html)

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Bally Sports has gone bankrupt, leaving its future in the NHL, MLB, and NBA up in the air. This is how it happened. Bally Sports is the largest regional sports network in the US.

Regional Sports Networks have been ripping off consumers for decades their troubles should be celebrated by fair-minded people everywhere. This tells you all you need to know:

"Despite maintaining stable ratings, as live sports often do, the regional sports networks have felt the brunt of the shift away from cable'.

Of course, the RSN's and their content providers the MLB, NBA, NHL monopolies are at last experiencing what it's like when the consumer has a choice, individuals who have no interest in their product are less and less likely to sit by and continue to subsidize billionaires.