Negotiations between Comcast and Bally Sports' operator Diamond Sports Group, which has been under bankruptcy protection since last year, broke down following a dispute over terms.
Pay-TV distributors have been losing customers at a fast clip in recent years as customers opt for cheaper streaming options.
Comcast had more than 13.6 million pay-TV customers as of March 31, after losing 487,000 subscribers during the first quarter.
Some regional sports networks have begun offering streaming options to customers at a price point that doesn't upend the pay-TV model.
In addition to Comcast, Diamond has held negotiations in recent weeks with Charter Communications — which provides pay-TV services under the Spectrum brand — DirecTV and Cox Communications.
Persons:
Diamond, Cox
Organizations:
Bally, Houston Astros, Minnesota Twins, Target, The Astros, Twins, Comcast, Bally Sports, Diamond Sports Group, MLB, Detroit Tigers, NBA, NHL, Diamond, Comcast ., Communications, DirecTV, Cox Communications, Charter, Google, Disney, San Diego Padres, Phoenix Suns, CNBC
Locations:
Minneapolis , Minnesota, NBCUniversal