Bally Sports and MSG RSN Are Reportedly Preparing For Bankruptcy

[comfortably_numb]

I think this is inevitable at some point in the future

Hope so. Might cause another strike, but things are different now than they were in 1994; the TV money just isn't out there anymore.

 

[Bruce]

even the teams paying the tax can only do so for so much longer. while the small market RSNs were the first to fall, don't think the big market ones like LA Sportsnet can keep going. There's no path in which LA Sportsnet can afford $335m/year payments to the Dodgers

I just read the LA Sportsnet is in about 2 Million homes, in their areas ( Southern/Central California, LV and Hawaii)

So if the per sub fee is $12 ( their share/wholesale rate), that is only $24 Million a month, $288 Million a year, not enough to cover the Dodgers, but do not forget the rights fees for the Lakers, which cannot be cheap.

Also reported, the channel was losing $150 Million a year just 5 years ago, has to be a lot worse now.