{"id":556244,"date":"2023-02-25T01:47:09","date_gmt":"2023-02-24T22:47:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warner-bros-discovery-seeks-to-exit-regional-sports-networks-business\/"},"modified":"2023-02-25T01:47:09","modified_gmt":"2023-02-24T22:47:09","slug":"warner-bros-discovery-seeks-to-exit-regional-sports-networks-business","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warner-bros-discovery-seeks-to-exit-regional-sports-networks-business\/","title":{"rendered":"#Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40719a095d2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40719a095d2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/warner-bros-discovery-seeks-to-exit-regional-sports-networks-business\/#Warner_Bros_Discovery_Seeks_to_Exit_Regional_Sports_Networks_Business\" >Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Warner_Bros_Discovery_Seeks_to_Exit_Regional_Sports_Networks_Business\"><\/span>Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Warner Bros. Discovery is looking to get out of the regional sports networks business.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s it carries that it does not have the cash to pay upcoming rights fees, and that WBD will not fund the shortfall. The company proposes to hand control of the RSNs over to the teams and leagues, and warns that if it can\u2019t execute on a transfer, Chapter 7 bankruptcy is on the table.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe find ourselves running out of time and options,\u201d the letter said.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    <em>The Wall Street Journal<\/em> first<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/warner-bros-discovery-looks-to-get-out-of-regional-sports-tv-business-e487434f\"> reported <\/a>the details of the letter.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    That being said, a league source told <em>The Hollywood Reporter<\/em> that \u201cwe have been having productive conversations with WB Discovery about the future of their four RSNs,\u201d suggesting that a deal may be possible.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The company owns three RSNs, branded AT&amp;T SportsNet (a holdover from the telecom giant\u2019s ownership days), serve Colorado, Utah, Houston and Pittsburgh, and carry rights to NBA teams like the Houston Rockets and Utah Jazz, MLB\u2019s Colorado Rockies, Pittsburgh Pirates and Houston Astros, and the NHL\u2019s Pittsburgh Penguins.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Regional sports networks have clearly hit a tipping point in their business models. The largest RSN owner, Diamond Sports, is also said to be on the verge of bankruptcy, and skipped a debt payment to bondholders earlier this month.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Unlike national sports divisions like Fox Sports, ESPN or Turner Sports, the regional nature of RSNs means that they have limited scale, and while for years they had pricing power in their markets, cord-cutting has diluted whatever gains there are to be had.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Among major media companies, NBCUniversal also owns a handful of RSNs. Both Fox and Disney exited the space in conjunction with their merger, selling their combined RSN footprint to Sinclair, which created Diamond Sports.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/warner-bros-discovery-seeks-exit-rsn-business-att-sportsnet-1235333847\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business Warner Bros. Discovery is looking to get out of the regional sports networks business. The media and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose games it carries that it does not have the cash to pay upcoming&#8230;<\/p>\n","protected":false},"author":1,"featured_media":556245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/02\/Houston-Astros-Phillies-Game-GettyImages-1439357469-H-2023.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[140419,140420,1931,108028],"class_list":["post-556244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-rsn","tag-sinclair","tag-sports","tag-warner-bros-discovery"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=556244"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/556244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/556245"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=556244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=556244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=556244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}