Collapse of Regional Sports Networks (Diamond Sports Group files bankruptcy, Warner-Discovery looking to leave business, Xfinity drops Bally)

[IU Hawks fan]

MSG, YES, Spectrum for Dodgers/Lakers since I think as soon as he can Cohen takes the Mets off SNY, Marquee and the new Chicago sports network, both Fenway owned and what else¿? Bally, Comcast and the AT&T or whatever their names are the ones I'm taking about ending.

Marquee is part owned by Sinclair. They're in trouble, too, despite it not being reported.

 

[sena]

They don’t have ads because there aren’t enough people watching to advertisers to buy what an ad would cost.

Ad sales are a drop in the bucket in terms of revenues. The money is fees they get from providers. RSN selling subscriptions directly will not be able to make up the difference.

meh the same people that own the channels own the networks and own the companies that advertise anyway.

 

[IU Hawks fan]

meh the same people that own the channels own the networks and own the companies that advertise anyway.

As someone who has spent my entire career in the ad industry:

Huh?

 

[sena]

As someone who has spent my entire career in the ad industry:

Huh?

Most companies are bought up and owned but larger corporations, these guys own so many products and are large shareholders in almost everything, other then super small local ads the rest is owned by some company that is owned by some other company that is owned by some massive corporation.

 

[patnyrnyg]

MSG, YES, Spectrum for Dodgers/Lakers since I think as soon as he can Cohen takes the Mets off SNY, Marquee and the new Chicago sports network, both Fenway owned and what else¿? Bally, Comcast and the AT&T or whatever their names are the ones I'm taking about ending.

I would have to find it, but I believe there is not too many years left on the SNY contract for the Mets. Hence why Cohen was not interested in buying it when he bought the team even though it was also owned by Wilpon.

edit: When he first bought the team it was reported the deal was only through 2026. Now, found some that said it is through 2030 one that says 2035. So who knows?

 

[patnyrnyg]

RSN as a cable (or streaming TV) add-on type thing? Yeah. I think the viability of RSNs in this way are coming to an end, though maybe not in 2025. The trend we're seeing now, where teams are negotiating with streaming companies and local affiliates is the right idea. Rather than sports teams being an avenue to drive cable subscriptions, we'll see more people watching more games over-the-air/streaming.

Part of me thinks it is just re-arranging the furniture. While RSN's are keeping companies like Spectrum in the tv business, they will just jack up the price for internet. When I bought my house 10 years ago, it was cheaper with Spectrum to do the Triple Play (tv, internet, home phone) than just tv and internet with the same channels and internet speeds. Same will happen as more people drop tv subscriptions. Plus, for everything my family and I want, Spectrum is still the cheapest option.

 

[Kirk Van Houten]

Let's say NBA and MLB do a similar move to MLS with Apple TV and put most of the local tv inventory under Amazon for example could the NHL then expand their deal with ESPN+? Not sure if they could do it but it seems that if the NHL if left alone kind of holding Bally/Comcast/AT&T networks they would need to move fast from there.

 

[tarheelhockey]

Most companies are bought up and owned but larger corporations, these guys own so many products and are large shareholders in almost everything, other then super small local ads the rest is owned by some company that is owned by some other company that is owned by some massive corporation.

There are cases where a subsidiary company advertises on a related subsidiary’s network (for example, a Dreamworks movie being advertised during a Flyers game which is broadcast on Peacock, all three entities ultimately owned by Comcast) but:

a) That doesn’t mean Comcast is actively running all three of those companies. They each independently have their own revenue and expenses, their own leadership, decision making, etc. Comcast is just a group of investors with a leash on the CEO and an organizing force to make sure the subsidiaries are partnered to create efficiencies.

b) The great majority of ads don’t come from Comcast entities. For example Comcast doesn’t make beer, or restaurants, or cars.