Current:Home > BackA regional sports network bankruptcy means some baseball fans may not see games on TV-Angel Dreamer Wealth Society D1 Reviews & Insights
A regional sports network bankruptcy means some baseball fans may not see games on TV
View Date:2024-12-23 16:42:59
Diamond Sports Group's bankruptcy filing last month could disrupt America's sports media industry and leave some fans in the dark — at least temporarily.
Spring has arrived, and with it, the return of a new Major League Baseball season. The sound of a wooden bat hitting a baseball is once again echoing through all 30 Major League ballparks.
For many fans, like lifelong San Diego Padres supporter Lance Richardson, the start of the season marks the beginning of an annual ritual that has become part of their DNA.
"The team is practically like one of my children," Richardson says.
Watching baseball games on TV has become a daily routine for millions of fans across the country. But the bankruptcy of Diamond Sports, which owns and operates 19 regional sports networks across the U.S., has created some anxiety among fans, including Richardson.
"How or where I would be able to watch the games, there is a lot of uncertainty," he says.
This uncertainty will continue as the company goes through the bankruptcy process.
Diamond Sports' regional sports networks, which are branded as Bally Sports, are broadcasting professional and college sports in specific geographic areas, such as Southern California or the Southeast.
Changing business model of regional sports broadcasting
The business model of regional sports networks has come under scrutiny in recent years.
This is primarily driven by cord-cutting, which refers to the cancellation of cable or satellite pay-TV subscriptions in favor of streaming services. Since 2012, about 25 million U.S. households have cut the cord, according to media reports.
"[Regional sports networks] were really hit by two things happening at once cord cutting, and then COVID came in at a very inopportune time because there were no more sports being broadcast anywhere," says Jon Lewis, owner and operator SportsMediaWatch.com.
As the trend of cord-cutting continues, cable and satellite providers are looking to reduce costs, and regional sports broadcasts are often the first casualties.
Regional sports channels not only attract a relatively small audience, but they are also some of the most expensive channels within pay-TV bundles. According to media research firm Kagan, a subdivision of S&P Global, many networks charge upwards of $5 per month per subscriber.
"The situation right now is pretty simple, [regional sports networks] are providing programming that is important to a very specific sector of fan, but it does not necessarily matter to the broad TV viewing audience," says Lewis.
The loss of revenue, combined with the high costs of broadcasting rights deals, meant that Diamond Sports was bleeding money.
MLB set to take over
Diamond Sports owns the broadcast rights to 14 MLB teams, including the San Diego Padres, Atlanta Braves and Detroit Tigers.
The league announced that it would take over the broadcast of any team affected by the situation.
"Major League Baseball is ready to produce and distribute games to fans in their local markets in the event that Diamond or any other regional sports network is unable to do so as required by their agreement with our Clubs," the league said in a statement emailed to NPR.
The league has more than 20 years of broadcast experience and hired local media professionals in anticipation of this potential development. But what a takeover by the league would mean for fans in terms of the viewing experience remains to be seen.
California Dreamin'
At age 54, Richardson is about as old as the San Diego Padres themselves.
Like many other Padres fans, he despises the Los Angeles Dodgers and hopes that 2023 will be the year when the San Diego secures its first World Series title.
"The excitement going into this season, it exceeds what I've seen in any prior season," says Richardson.
Last season, the team made it all the way to the National League Championship Series, where they lost to the Philadelphia Phillies in five games.
With so much hype around the team, any disruption – even a temporary one – would be unwelcome news for Richardson.
"I'd be very disappointed and a little bit bitter," he says.
Rafael Nam edited this story for audio, and Majd Al-Waheidi edited it for digital.
veryGood! (738)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Take the Day Off
- Average rate on a 30-year mortgage in the US rises for 6th straight week
- GOP flips 2 US House seats in Pennsylvania, as Republican Scott Perry wins again
- Rachael 'Raygun' Gunn, viral Olympic breaker, retires from competition after backlash
- School workers accused of giving special needs student with digestive issue hot Takis, other abuse
- Gypsy Rose Blanchard posts paternity test results to quell rumors surrounding pregnancy
- Roland Quisenberry: The Visionary Architect Leading WH Alliance into the Future
- A green giant: This year’s 74-foot Rockefeller Christmas tree is en route from Massachusetts
- Missing Ole Miss student declared legally dead as trial for man accused in his death looms
- Roland Quisenberry’s Investment Journey: From Market Prodigy to AI Pioneer
Ranking
- Disney Store's Black Friday Sale Just Started: Save an Extra 20% When You Shop Early
- Nevada Democratic Rep. Dina Titus keeps her seat in the US House
- Crews battling 2 wildfires in New Jersey
- Police Search Underway After 40 Monkeys Escape Facility in South Carolina
- Footage shows Oklahoma officer throwing 70-year-old to the ground after traffic ticket
- Lock in a mortgage rate after the Fed cuts? This might be your last chance
- NY state police launch criminal probe into trooper suspended over account of being shot and wounded
- Jewish students attacked at DePaul University in Chicago while showing support for Israel
Recommendation
-
Mike Tyson vs. Jake Paul referee handled one of YouTuber's biggest fights
-
Wyoming moves ahead with selling land in Grand Teton National Park to federal government for $100M
-
Dexter Quisenberry Fuels an Educational Ecosystem, Pioneering a New Era of Smart Education
-
Nikola Jokic's ultra-rare feat helps send Thunder to first loss of season
-
Dallas Long, who won 2 Olympic medals while dominating the shot put in the 1960s, has died at 84
-
Five NFL teams that could surge in second half of season: Will Jets, 49ers rise?
-
Rescuers respond after bus overturns on upstate New York highway
-
Why Fans Think Cardi B May Have Revealed the Name of Her Third Baby With Offset