Diamond Sports and Comcast Reportedly Back in Negotiations
The bankrupt Bally Sports operator has a hard deadline to finally present a restructuring plan on July 29. A carriage deal with Comcast sure would help
Comcast and bankrupt Diamond Sports Group have returned to the negotiating table, two and a half months after the latter’s Bally Sports regional sports networks were pulled off the pay TV operator’s Xfinity TV programming grid in a carriage dispute.
Also read: Everything You Need To Know About the Bally Sports Bankruptcy
John Ourand reported the resumption of talks via Puck News late last week. Diamond didn't immediately return our emails asking for confirmation that the negotiations have resumed.
The 15 Bally Sports channels carried by Comcast were removed at the end of April, with Diamond Sports unwilling to cede to the cable company's demand that its RSNs be moved to the more-expensive “Xfinity Ultimate” tier.
Over the last several years, Comcast has boldly moved RSNs to higher-priced programming packages, relieving non-sports-enthusiast customers of its more-affordable video packages the burden of paying for channels devoted to local teams they don’t care about. It’s the kind of stand you make when you lose more than 2 million linear video customers in just one year.
Diamond, meanwhile, has a hard July 29 deadline to finally present a restructuring plan to the court, its creditors and its league constituents, the latter of which having expressed deep concern in recent months that Diamond is not a viable local TV partner without the carriage support of Comcast.
Attorneys for the bankrupt Sinclair Broadcast Group subsidiary have asked the court to move a deadline for creditors and constituents to object to Diamond's restructuring plan from July 18 to July 24.
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Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!