Sinclair buys Fox Sports regional networks

Oops:

Sinclair RSNs Long Road to Recovery Hindered by $1.82B in Rights Bills – Sportico.com

 

Horses can pump out 30-40 pounds at a time, so given the hand wringing over a couple pounds in terms of handicap, I'd guess I'd probably take a shot on a horse if he just dropped a load of apples. Unless it looked like he was actually sick or something, although I remember some stories that Secretariat had big time diarrhea before one of his triple crown wins.

 

It remains frustrating to me that I can't see any of the local teams' games, but that's a small price to pay knowing that Sinclair is getting absolutely crushed. That makes me unreasonably happy.

 

A pox on all their houses. If I can't watch the games, I'm rooting for the bankruptcy lawyers.

Disney might actually get out of this relatively unspattered, based on the value of the rest of the Fox property they still own. They at least got $9.6b from Sinclair and another $3.5b for YES.

Sinclair, on the other hand, deserves all the scorn I can muster. Sinclair's holding what amounts to a bag of dicks -- and $85 million from Bally's, which is chump change. And they still owe another billion dollars in rights fees? Oh, the suits are taking it in the shorts. Put that on your Trump 2024 balance sheet.

You get what you paid for, particularly knowing the cord-cutting was only going to increase AND you haven't reached out to the major streaming services to at least broker some sort of compromise? I just looked at their 10-K for 2020 and it's not a pretty sight. If you bought SBGI in May of 2019 at $58 a share, you've seen it plummet to as low as $15 before stabilizing at around $33. That's AOL/TimeWarner synergy bad.

And the dude at YES who seriously thinks it's worth $7-plus per household in carriage rates? Keep smoking the crack, my friend.

That's a hoot.

 

I don’t know what NESN gets per subscriber, but I wouldn’t be surprised if it’s close to $7. That rate for YES, which serves a sizable chunk of the northeast, doesn’t seem too outlandish.

I’d say the most viable RSNs at this point are the ones owned by Comcast and AT&T, and it’s in the interest of each to not destroy the product.

And yeah, screw Sinclair.

 

Dish gives me back $0.60 per month for loss of my local teams; sucks for me.

 

I covered a pro tennis match years ago and sat next to the coach of one of the players. Mid-match the player takes a poop break. When he returns, the coach says, "Watch, his balance will be better."

 

LOL. No shit!?!

 

And Sinclair may be on the verge of dumping the rights back to the leagues at a huge loss.

Sinclair could reportedly sell Bally Sports RSNs to MLB/NBA/NHL alliance

This is kind of wonderful.

(When my station group was up for sale my number one fear was that Sinclair would make an offer; it was a great relief that the RSN failures drained the company of all available cash.)

 

Fuck 'em.

 

Reports are that Comcast wants to dump their RSNs, which offer a much better product. It makes me feel better that Sinclair is no longer an option.

 

And Sinclair/Bally's never did figure out how to let people bet from their televisions and streaming devices, which was the whole reason for buying all the RSNs in the first place.

Oh, how sad. And their stock is down 23 percent in the past year.