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More fun with Regional Sports Networks (Sinclair raising money to find new profit streams)
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<blockquote data-quote="slugboy" data-source="post: 805746" data-attributes="member: 282"><p>I don’t know if it was dirt cheap for them.</p><p>This feels like a rerun of the “Atlanta Spirit Group”, but in this case it was Sinclair that spent more than they could afford. Every cable, satellite, and streaming service that was facing a higher charge dropped the package. AT&T only still carries them because their contract isn’t up for renewal yet.</p><p>Sinclair is possibly in a bad financial spot. Their business plan would have had most carriers paying higher fees; what they got was no higher fees from AT&T, no money from anyone else, and they still have to pay for the rights. They might need to make up the money they burned through.</p><p><a href="https://barrettsportsmedia.com/2021/04/28/sinclair-on-the-hook-for-1-82b-in-rights-fees/amp/" target="_blank">They’re on the hook for 1.82 Billion</a> dollars in rights fees. Advertising has plummeted.</p><p>As far as I know, they’ll still have ACC games next season. <a href="https://mattsarzsports.blogspot.com/2019/05/notes-on-early-season-acc-abc-primetime.html" target="_blank">Here’s one post that says they have the rights through 2027</a></p></blockquote><p></p>
[QUOTE="slugboy, post: 805746, member: 282"] I don’t know if it was dirt cheap for them. This feels like a rerun of the “Atlanta Spirit Group”, but in this case it was Sinclair that spent more than they could afford. Every cable, satellite, and streaming service that was facing a higher charge dropped the package. AT&T only still carries them because their contract isn’t up for renewal yet. Sinclair is possibly in a bad financial spot. Their business plan would have had most carriers paying higher fees; what they got was no higher fees from AT&T, no money from anyone else, and they still have to pay for the rights. They might need to make up the money they burned through. [URL='https://barrettsportsmedia.com/2021/04/28/sinclair-on-the-hook-for-1-82b-in-rights-fees/amp/']They’re on the hook for 1.82 Billion[/URL] dollars in rights fees. Advertising has plummeted. As far as I know, they’ll still have ACC games next season. [URL='https://mattsarzsports.blogspot.com/2019/05/notes-on-early-season-acc-abc-primetime.html']Here’s one post that says they have the rights through 2027[/URL] [/QUOTE]
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More fun with Regional Sports Networks (Sinclair raising money to find new profit streams)
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