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Sinclair (Bally Sports) Facing Bankruptcy.
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<blockquote data-quote="cpf2001" data-source="post: 933021" data-attributes="member: 6459"><p>As I understand their play from when they bought the Fox Sports RSN was to “overpay” because they believed the rights they had would be worth more to cable companies than they historically had been.</p><p></p><p>Seems like they were wrong, and the cable and streaming companies told them to pound sand. It’s not clear to me they could’ve covered their obligations that they incurred to buy the channels without getting those higher rates.</p><p></p><p>That’s not exactly the same as saying “acc is overpriced” or “these baseball team rights are overpriced” but it’s certainly a change form the past twenty-ish years’ gold rush bubble of rights values. Is it just a slowdown, a peak or plateau, or the start of a complete collapse? Too soon to tell.</p></blockquote><p></p>
[QUOTE="cpf2001, post: 933021, member: 6459"] As I understand their play from when they bought the Fox Sports RSN was to “overpay” because they believed the rights they had would be worth more to cable companies than they historically had been. Seems like they were wrong, and the cable and streaming companies told them to pound sand. It’s not clear to me they could’ve covered their obligations that they incurred to buy the channels without getting those higher rates. That’s not exactly the same as saying “acc is overpriced” or “these baseball team rights are overpriced” but it’s certainly a change form the past twenty-ish years’ gold rush bubble of rights values. Is it just a slowdown, a peak or plateau, or the start of a complete collapse? Too soon to tell. [/QUOTE]
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Sinclair (Bally Sports) Facing Bankruptcy.
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