Regional sports network owner Diamond Sports prepares for possible bankruptcy
Publishing timestamp: 2023-02-15 10:12:27
Summary
Diamond Sports Group, owner of the largest portfolio of regional sports networks, is preparing for a likely bankruptcy filing after missing an interest payment to bondholders. The company has been in negotiations with creditors in recent months to restructure its $8 billion debt load. The NBA, NHL, and MLB have expressed concern that Diamond could forgo paying rights payments while under bankruptcy protection.
Sentiment: NEGATIVE
Keywords: sinclair broadcast group inc, corporate bonds, sports, business, business news, media, entertainment, walt disney co,
Source: https://www.cnbc.com/2023/02/15/diamond-sports-bankruptcy-prep.html