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☆ CNBC Sport: Broadcast TV counting on Trump to accelerate regional sports rights land grab
▼ + stars: | 2024-12-05 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

Gray Media , owner of local TV stations and digital assets serving 113 TV markets? The bearish sentiment on the industry has been pretty straightforward: as more people cancel traditional pay TV, fewer households watch broadcast TV, opting instead for streaming services like Netflix and Disney+. Additionally, the Federal Communications Commission mandates the total number of TV stations owned by any company can cover a maximum of 39% of the U.S. Tegna now owns local rights for the WNBA's Indiana Fever and the NHL's Seattle Kraken. Gray Media , owner of local TV stations and digital assets serving 113 TV markets?

Persons: Alex Sherman, Donald Trump, Trump, Brendan Carr, Carr, Chris Ripley, Sinclair, Gray, Tegna, Kerry Bubolz, he's, Bubolz, We're, Adam Symson, Symson, We've, Lazard, Stephen Finkel, Finkel, He'll, – Manoel Carvalho, Bryan Tannenbaum, Carvalho, Tannenbaum, Don Garber, Lionel Messi's, Garber, Mark Clouse, Russell Wilson, Wilson, Bo Nix, It's, Jimmy Pitaro, CNBC's Lillian Rizzo, Al Michaels, CNBC's, Andrew Luck, Randall Stephenson, Stephenson, Brandon Bell Organizations: CNBC, Sinclair, Gray Media, Scripps, Netflix, Disney, Warner Bros, Discovery, Paramount Global, Comcast, NBC, ABC, CBS, Fox, Federal Communications Commission, FCC, National Association of Broadcasters, Big Tech, NAB, Vegas Golden Knights, Vegas Golden Knights , Utah Hockey Club, Florida Panthers, NBA's Phoenix Suns, Cleveland Cavaliers, New Orleans Pelicans, Oklahoma City Thunder, Milwaukee Bucks, Las Vegas Aces, Phoenix Mercury, Atlanta, Indiana Fever, Utah Jazz, Portland Trailblazers, Golden Knights President, Knights, MLB, NBA, NHL, WNBA, Lazard, Credit Suisse, Rothschild, Guggenheim Securities, Guggenheim, MLS, League Soccer's, LA Galaxy, New York Red Bulls, Apple, NFL, Washington Commanders, Denver Broncos, Pittsburgh Steelers, AFC, Broncos, CNBC Sport, ESPN, Football, Sports, FIFA Club, Javits, Golden State, Stanford football, Stanford, AT, University of Oklahoma, OU, SpaceX, Reuters Locations: U.S, Vegas Golden Knights ,, Seattle, Pacific, Idaho, Wyoming, Montana, Arizona, Phoenix, Las Vegas, Reno, New York, Campbell's, New York City, Brownsville , Texas

WASHINGTON — A Jan. 6 rioter who was the subject of right-wing conspiracy theories suggesting he was a plant who worked with law enforcement was sentenced to eight years in prison Thursday, among the longest prison sentences given in connection with the U.S. Capitol attack. In court Thursday, Alam said his fellow Jan. 6 inmates saw the segment in the jail in Washington when it aired on the local Sinclair station, WJLA. “They came to the conclusion that I was a confidential human source,” Alam said of his fellow Jan. 6 defendants. (President-elect Trump has called Capitol rioters “political prisoners” and “hostages” and said he would “absolutely” consider pardoning every one of them). Even after he saw fellow rioter Ashli Babbitt get shot and killed, Alam was still calling for violence, Lederer said.

Persons: WASHINGTON —, Zachary Alam, Donald Trump, Alam, Trump's, Trump, Sharyl Attkisson, Attkisson, “, ” Alam, ”, President Trump, Dabney L, Friedrich, Steven A, Metcalf, Rebekah Lederer, Alam’s, ” Friedrich, Lederer, Ashli Babbitt, ” Lederer Organizations: U.S . Capitol, Sinclair Broadcast Group, Justice Department, Capitol, Sinclair, U.S, District of Columbia, Federal, FBI, Trump, Alam Locations: Washington, ”, Jan, U.S

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018. Sinclair , one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with the matter. Sinclair owns or operates 185 TV stations in 86 markets. Broadcast TV station groups have suffered in the past five years as millions of Americans have canceled traditional pay TV. Most stations make money from so-called retransmission fees, paid on a per-subscriber rate by traditional TV distributors, such as Comcast, DirecTV, and Charter, for the right to carry the stations.

Persons: Sinclair, Moelis, Chris Ripley, we've, Ripley, Spokespeople Organizations: Sinclair, Group Inc, Fox, NBC, ABC, CBS, Tennis, Bloomberg, Comcast, DirecTV Locations: Cockeysville , Maryland, U.S, Minneapolis, Portland, Pittsburgh, Austin , Texas, Fresno, Calif

☆ Opinion: This overshadowed Trump ruling may be the one that matters most
▼ + stars: | 2024-02-21 | by ( Opinion David Zurawik | ) edition.cnn.com time to read: +7 min

If shareholders approve the merger, it would enable Trump Media to go public and Trump to own a stake worth about $4 billion. In the US, a political party’s presidential nominee has never owned a major media platform worth so much. Furthermore, the possibility of this added Truth Social muscle for Trump arrives as right-wing MAGA messaging finds more outlets at the national and grassroots levels. And, while Trump has stuck with Truth Social, X has become a haven for right-wing conspiracies of all kinds. MAGA-friendly, right-wing media is growing at the grassroots level as well.

Persons: David Zurawik, Donald Trump, David Zurawik Mich Rouse, Trump, MAGA, Jay Ritter, Julia Nikhinson, Joe Biden, Lyndon Johnson, Johnson, John F, Kennedy, Lady Bird, Elon Musk, Tucker Carlson, Vladimir Putin, Carlson, Megyn Kelly, Eric Bolling, That’s, David Smith, Sinclair Organizations: Goucher College, Baltimore Sun, CNN, Trump, Securities, Exchange Commission, SEC, Trump Media & Technology Group, Trump Media, University of Florida, Getty, Republican, Federal Communications Commission, Johnsons, Twitter, Facebook, Fox News, Russian, Fox, Tucker Carlson Network, Sinclair Broadcast Group, Digital Locations: Conway , South Carolina, AFP, Austin , Texas, Texas, Maryland

☆ The Baltimore Sun’s New Owner Has the Newsroom on Edge
▼ + stars: | 2024-01-20 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

A few years ago, desperate to avoid being acquired by a hedge fund, staff members of The Baltimore Sun made public pleas for a local entrepreneur to buy their publication. That request was recently realized: A Maryland businessman, David D. Smith, bought the storied newspaper, returning the 186-year-old newspaper to local hands for the first time in nearly 40 years. But Mr. Smith may not be quite what The Sun’s journalists were hoping for. Mr. Smith is the executive chairman of the conservative Sinclair Broadcast Group, one of the country’s largest local television station operators with nearly 200 stations, including Fox45 in Baltimore. Sinclair has been a reliable ally for former President Donald J. Trump; Mr. Smith reportedly told Mr. Trump in 2016, “We are here to deliver your message.” In 2018, the company required its stations to film promos echoing some of Mr. Trump’s attacks on the news media.

Persons: David D, Smith, Sinclair, Donald J, Trump, ” Organizations: The Baltimore Sun, Sinclair Broadcast Group Locations: Maryland, Baltimore

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection last March. Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video. Customers will be able to access their local team's content on Prime Video channels where Diamond has rights. Under an agreement with creditors last year, Diamond Sports Group became a separate company from Sinclair.

Persons: Diamond, Sinclair, David Preschlack, ” Diamond, ___ Organizations: Amazon, Diamond Sports, Bally Sports, —, NBA, NHL, Southern District of, MLB, San Diego Padres, Arizona Diamondbacks, Padres, Diamondbacks, Diamond, New York Yankees, Brooklyn Nets, YES, Sinclair Broadcast Group, Walt Disney Co, Disney, Department of Justice, Diamond Sports Group, Sinclair, RSA, Major League Baseball Locations: Southern District, Southern District of Texas, Diamond’s

A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.

Persons: David D, Smith, “, ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, ”, Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, —, Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, “, New York

☆ Diamond Sports must pay four MLB teams in full, bankruptcy judge says
▼ + stars: | 2023-06-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports, the owner of regional sports networks, was ordered this week by a bankruptcy judge to make full media rights payments to four Major League Baseball teams. Diamond had already paid the teams up to 75% of the payments owed earlier in its bankruptcy, court papers show. If Diamond doesn't make the remainder of the payments owed to the teams, those teams can walk away from their contracts with the company, a judge ruled. In particular, Diamond has been pushing to hold the direct-to-consumer streaming rights to all MLB teams that air on its networks. Currently, Diamond has deals with all its NBA and NHL teams, plus a handful of MLB teams for the streaming rights.

Persons: Diamond, Rob Manfred Organizations: Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Major League Baseball, MLB, Arizona Diamondbacks, Texas Rangers, Minnesota Twins, San Diego Padres, Padres, Federal, Court, Diamond, NBA, NHL, The Athletic, Sinclair Broadcast, Sinclair Locations: Cleveland, Houston

☆ MLB will broadcast San Diego Padres games after Diamond Sports stops payments
▼ + stars: | 2023-05-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021. The San Diego Padres have a new home base on TV. Major League Baseball will broadcast and produce the team's local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team. On cable TV, Padres games will be available through four providers: Charter Communications ' Spectrum, Cox Communications, DirecTV and AT&T U-verse. MLB said it would increase the reach of local Padres games from about 1.13 million homes to roughly 3.3 million homes.

Persons: Daniel Camarena, Diamond, Manfred, Noah Garden Organizations: San Diego Padres, Washington Nationals, Major League Baseball, Bally Sports San Diego, Diamond Sports, Bally Sports San, Padres, MLB, Diamond, Miami Marlins, Diamond Sports Group, Club, Communications, Cox Communications, DirecTV, Fox Sports, Disney, Fox, Bally Sports, Sinclair Broadcast Group, Sinclair, NBA, NHL, Arizona Diamondbacks Locations: San Diego, Bally Sports San Diego

Fox will pay $6 million, and CBS, now known as Paramount Global (PARA.O), will pay $5 million, the court filing showed. Representatives for Cox, Fox and CBS either declined to comment or did not immediately respond to a message seeking comment. Representatives from those defendants either declined to comment on the pending litigation or did not immediately respond to messages seeking comment. Plaintiffs' attorney Megan Jones at law firm Hausfeld, on Tuesday did not immediately respond to a message seeking comment. The case is In re: Local TV Advertising Antitrust Litigation, U.S. District Court for the Northern District of Illinois, No.

Persons: Cox, District Judge Virginia Kendall, schemed, Sinclair, Kendall, Megan Jones, Hausfeld, Freed, Robins Kaplan, Jennifer Giordano, George Cary, Cleary Gottlieb Steen, Nathan Eimer, Eimer Stahl, Weil, Brian Sher, Bryan Cave Leighton, Mike Scarcella, Leigh Jones Organizations: Fox, CBS, Cox Media Group, Fox Corp, CBS Corp, Northern, Northern District of Illinois, Paramount Global, U.S, District Judge, Cox, Sinclair Broadcasting Group Inc, Scripps Company, TEGNA Inc, U.S . Justice Department, Local, Antitrust Litigation, Northern District of, Millen, Latham, Watkins, Hamilton, Thomson Locations: U.S, Northern District, Chicago, Northern District of Illinois

☆ US bankruptcy judge blocks NBA team Phoenix Suns' new TV deal
▼ + stars: | 2023-05-10 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

NEW YORK, May 10 (Reuters) - A U.S. bankruptcy judge on Wednesday blocked the NBA's Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, saying the team violated the rights of its current broadcast partner, the bankrupt Diamond Sports Group. The Phoenix Suns last month announced they would broadcast future games to television and online streaming through a partnership with Gray Television Inc (GTN.N) and video technology startup Kiswe. The Suns' attorneys argued that its TV deal with Diamond expired with the end of the 2022-2023 regular season, and that the new deal would not interfere with Diamond's rights under its existing contract. "The Suns are saying one thing outside the court and another thing inside it," Lopez said. Financial terms of the Phoenix Suns' contracts with Diamond Sports and with Gray TV were kept sealed in bankruptcy court.

☆ Phoenix Suns and Mercury will air games on free TV and streaming, becoming first teams to break with bankrupt broadcaster Diamond Sports
▼ + stars: | 2023-04-29 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

The Phoenix Suns and Mercury have become the first teams to move on from the troubled broadcaster Diamond Sports Group. The NBA and WNBA's Suns and Mercury will show their games on TV and streaming going forward. The price of the streaming service hasn't been announced yet, but the teams said fans will be able to watch the Mercury for free for at least the first season. Diamond said the move violates bankruptcy law and previous contracts with the teams that expired recently, the AP reported. Suns CEO Josh Bartlestein told ESPN Diamond's claims were "inaccurate," and it wouldn't stop the teams from moving forward with the new agreement.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ NBA's Phoenix Suns sign new TV deal after broadcaster bankruptcy
▼ + stars: | 2023-04-28 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

[1/2] Apr 18, 2023; Phoenix, Arizona, USA; Phoenix Suns forward Kevin Durant (35) with guard Devin Booker (1) against the Los Angeles Clippers during game two of the 2023 NBA playoffs at Footprint Center. Mandatory Credit: Mark J. Rebilas-USA TODAY SportsApril 28 (Reuters) - The NBA's Phoenix Suns and WNBA's Phoenix Mercury announced a new television and streaming rights deal for their basketball games on Friday, over the objection of the bankrupt U.S. sports broadcaster that currently televises Suns regular-season games. "Cord cutters, cable subscribers, fans with an antenna – everyone will be able to watch Suns and Mercury games," Ishbia said in a statement. The Phoenix Suns current television broadcast partner Diamond Sports Group said it would oppose the deal. The Suns and Mercury did not disclose financial terms of the new broadcast deal or the terms of the current Diamond Sports contract.

☆ YES Network launching streaming service to give non-cable viewers access to Yankees games
▼ + stars: | 2023-03-29 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

The YES Network is launching a direct-to-consumer streaming service, giving non-cable subscribers the ability to watch New York Yankees games. The YES Network will charge $24.99 per month, or $239.99 annually, according to an announcement. The YES Network broadcasts games for the Yankees, the NBA's Brooklyn Nets and the WNBA's New York Liberty to fans that live in the greater New York area. "We are pleased to introduce a direct subscription option," said Yes Network CEO Jon Litner in a statement. The YES Network is co-owned by the Yankees and a corsortium of other investors including Amazon and Sinclair Broadcast Group.

☆ The largest broadcaster of local sports in US filed for bankruptcy, but still hopes broadcasts won't be disrupted
▼ + stars: | 2023-03-15 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Diamond Sports Group has filed for Chapter 11 bankruptcy protection and will restructure. Diamond operates the largest group of regional sports networks in the country, covering dozens of NBA, MLB, and NHL teams. The company said in a statement that it expects to broadcast games as planned during the restructuring. MLB created a "local media group," hiring several executives with decades of experience in regional sports broadcasting. Discovery announced that it planned to exit the regional sports business, and sever ties with its struggling AT&T Sportsnet channels, which broadcast games for several MLB, NBA, and NHL teams.

☆ Diamond Sports, largest owner of regional sports networks, files for bankruptcy
▼ + stars: | 2023-03-14 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports Group, the largest owner of regional sports networks, filed for bankruptcy protection on Tuesday, toppled by a more than $8 billion debt load. Diamond, like other regional sports networks, has been focused on growing its streaming presence. As of Tuesday, Diamond said, it was still finalizing the restructuring support agreement with creditors. The plan could see Diamond separate from Sinclair to become a standalone operation, Diamond said. And, while Diamond obtained streaming rights for all of its NBA and NHL teams last year, it has been working on a team-by-team basis for MLB.

☆ MLB Commissioner says league is prepared to step in to broadcast games — and maybe even end blackouts — as Bally Sports heads toward bankruptcy
▼ + stars: | 2023-02-17 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

MLB Commissioner Rob Manfred said the league is prepared to broadcast games itself if necessary. A restructuring or termination of the league's broadcast agreements could also end controversial "blackouts." MLB is prepared to take over broadcasting the regular season games, which start March 30, Manfred said. Sinclair Broadcasting Group, one of the largest broadcasters of local news across the country, bought the rights in 2019 to broadcast much of America's regular season games for the MLB, NBA, and NHL. Manfred said he hopes digital offerings and future broadcast deals would allow a fan to pay to stream their home team's games without worrying about "blackouts."

☆ I've been 'code-switching' my entire career, but experts say that shouldn't be a workplace norm—here's why
▼ + stars: | 2023-02-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +7 min

I started working at age 15 and since then, I've had two personas: workplace me and the real me. Here's how code-switching impacts Black professionals, and why experts say it shouldn't be a workplace norm. There's an expectation that you must speak standard English in order to navigate this world, navigate society, get a job, or get into school. "When I think of code-switching, I think of the words 'standard English.' I think of how the English language has basically been oppressed and pushed onto people," Cornell tells CNBC Make It.

Sinclair acquired the portfolio of regional sports networks from Disney in 2019 for $10.6 billion, including roughly $8 billion in debt. Diamond Sports' portfolio includes Bally Sports Detroit, Bally Sports Florida and Bally Sports Southwest. Its networks are home to more than half of MLB, NHL and NBA teams in the U.S., Diamond says. As consumers flee traditional pay-TV bundles, cable networks, particularly the regional sports networks, have felt the brunt of it. Concerns that Diamond could forgo paying the rights payments while under bankruptcy protection have been discussed at the leagues, the people said.

☆ Tennis Channel will air Major League Pickleball tournament matches, deepening broadcast partnership
▼ + stars: | 2023-01-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

Anna Bright of the Ranchers returns a shot during a group play Major League Pickleball match against Mad Drops Pickleball Club at Pickle & Chill on October 15, 2022 in Columbus, Ohio. Major League Pickleball announced Thursday the cable channel will broadcast the league's premier level tournament semifinals and finals in Mesa, Arizona, and will make all matches of the tournament available for streaming. The longtime Tennis Channel executive said pickleball has already seen a very natural overlap with existing tennis sponsors. He noted that during MLP professional matches, the ball is in action about 40% of the time, compared with professional tennis matches at 16%. Adding pickleball matches to its streaming offerings means beefing up content at a time when linear television is stagnant, at best.

☆ Stocks making the biggest moves premarket: Aerojet Rocketdyne, Tesla, Mesa Air and others
▼ + stars: | 2022-12-19 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Aerojet Rocketdyne rose 2% in the premarket, while L3Harris fell 1.7%. Meta fell 1.4% in premarket action. Warner Music Group (WMG) – Warner Music shares rallied 3% in the premarket after Atlantic Equities upgraded the stock to overweight from neutral. The firm said Warner Music has shown that it can continue to deliver growth in streaming despite a difficult economic backdrop. Moderna (MRNA) – The vaccine maker jumped 3.8% in premarket trading after Jefferies upgraded the stock to buy from hold, noting a robust pipeline beyond Covid treatments.

☆ Stocks making the biggest moves midday: Disney, Tesla, Mesa Air and more
▼ + stars: | 2022-12-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast. Casino operators — Wynn Resorts fell 4.2%, while MGM Resorts lost 2.9% and Las Vegas Sands dropped 1.6%. Mesa Air Group — Shares of the airliner jumped 5% after Mesa Air announced it is finalizing a deal to run regional flights for United Airlines, while ending its partnership with American Airlines. Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities.

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