Diamond Sports Group Seeks Deal with Comcast Amid Bankruptcy Restructuring

Diamond Sports Group, the operator of Bally Sports channels currently undergoing Chapter 11 bankruptcy restructuring, reported significant progress in negotiations with Comcast during a status conference on Wednesday. The company is aiming to finalize a deal that could restore baseball broadcasts nationwide. Diamond's attorney, Brian Hermann, expressed optimism about documenting an agreement soon, which may involve increased costs for fans to access Bally Sports channels. The negotiations are particularly crucial as Diamond holds the linear television rights for 12 Major League Baseball (MLB) teams, including those in markets dominated by Comcast, such as the Atlanta Braves and Minnesota Twins. While some teams like the Miami Marlins and Tampa Bay Rays offer streaming options through Bally Sports, others do not, leaving fans in limbo. The urgency of the situation is heightened by the impending start of the NBA and NHL seasons, with executives from those leagues expressing concern over the delays in Diamond's restructuring process. Hermann assured the court that the company is committed to a swift resolution, emphasizing the need to expedite the confirmation process. He indicated that a new confirmation schedule would be proposed to ensure Diamond exits bankruptcy before the start of the upcoming sports seasons. Additionally, he acknowledged the possibility of needing to pivot quickly if reorganization proves unfeasible, although that is not the current focus. As Diamond continues its negotiations, the outcome will significantly impact sports fans and the broadcasting landscape, with many awaiting clarity on the future of Bally Sports channels.