The Post reported exclusively on Monday that Diamond is expected to use the bankruptcy proceedings to terminate the contracts of at least four MLB teams.
as the company pays more rights fees to them than it collects back through cable contracts and ads.
“DSG will continue broadcasting games and connecting fans across the country with the sports and teams they love,” Diamond Sports CEO David Preschlack said. “We look forward to working constructively with our team and league partners and all DSG stakeholders throughout this process and beyond.” “Despite Diamond’s economic situation, there is every expectation that they will continue televising all games they are committed to during the bankruptcy process,” an MLB spokesperson said.to purchase the company from Disney in a highly leveraged buyout in 2019.
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