M.L.B. will retain San Diego’s broadcast team and will offer in-market streaming with no blackouts after Bally Sports failed to meet its financial commitments.
The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
Tennis’ hit Netflix series and rising collection of young stars has investors bullish on the sport, which is poised for a once-in-a-generation moment of disruption.