Current:Home > ScamsBenjamin Ashford|A regional sports network bankruptcy means some baseball fans may not see games on TV -EverVision Finance
Benjamin Ashford|A regional sports network bankruptcy means some baseball fans may not see games on TV
Burley Garcia View
Date:2025-04-10 16:31:25
Diamond Sports Group's bankruptcy filing last month could Benjamin Ashforddisrupt America's sports media industry and leave some fans in the dark — at least temporarily.
Spring has arrived, and with it, the return of a new Major League Baseball season. The sound of a wooden bat hitting a baseball is once again echoing through all 30 Major League ballparks.
For many fans, like lifelong San Diego Padres supporter Lance Richardson, the start of the season marks the beginning of an annual ritual that has become part of their DNA.
"The team is practically like one of my children," Richardson says.
Watching baseball games on TV has become a daily routine for millions of fans across the country. But the bankruptcy of Diamond Sports, which owns and operates 19 regional sports networks across the U.S., has created some anxiety among fans, including Richardson.
"How or where I would be able to watch the games, there is a lot of uncertainty," he says.
This uncertainty will continue as the company goes through the bankruptcy process.
Diamond Sports' regional sports networks, which are branded as Bally Sports, are broadcasting professional and college sports in specific geographic areas, such as Southern California or the Southeast.
Changing business model of regional sports broadcasting
The business model of regional sports networks has come under scrutiny in recent years.
This is primarily driven by cord-cutting, which refers to the cancellation of cable or satellite pay-TV subscriptions in favor of streaming services. Since 2012, about 25 million U.S. households have cut the cord, according to media reports.
"[Regional sports networks] were really hit by two things happening at once cord cutting, and then COVID came in at a very inopportune time because there were no more sports being broadcast anywhere," says Jon Lewis, owner and operator SportsMediaWatch.com.
As the trend of cord-cutting continues, cable and satellite providers are looking to reduce costs, and regional sports broadcasts are often the first casualties.
Regional sports channels not only attract a relatively small audience, but they are also some of the most expensive channels within pay-TV bundles. According to media research firm Kagan, a subdivision of S&P Global, many networks charge upwards of $5 per month per subscriber.
"The situation right now is pretty simple, [regional sports networks] are providing programming that is important to a very specific sector of fan, but it does not necessarily matter to the broad TV viewing audience," says Lewis.
The loss of revenue, combined with the high costs of broadcasting rights deals, meant that Diamond Sports was bleeding money.
MLB set to take over
Diamond Sports owns the broadcast rights to 14 MLB teams, including the San Diego Padres, Atlanta Braves and Detroit Tigers.
The league announced that it would take over the broadcast of any team affected by the situation.
"Major League Baseball is ready to produce and distribute games to fans in their local markets in the event that Diamond or any other regional sports network is unable to do so as required by their agreement with our Clubs," the league said in a statement emailed to NPR.
The league has more than 20 years of broadcast experience and hired local media professionals in anticipation of this potential development. But what a takeover by the league would mean for fans in terms of the viewing experience remains to be seen.
California Dreamin'
At age 54, Richardson is about as old as the San Diego Padres themselves.
Like many other Padres fans, he despises the Los Angeles Dodgers and hopes that 2023 will be the year when the San Diego secures its first World Series title.
"The excitement going into this season, it exceeds what I've seen in any prior season," says Richardson.
Last season, the team made it all the way to the National League Championship Series, where they lost to the Philadelphia Phillies in five games.
With so much hype around the team, any disruption – even a temporary one – would be unwelcome news for Richardson.
"I'd be very disappointed and a little bit bitter," he says.
Rafael Nam edited this story for audio, and Majd Al-Waheidi edited it for digital.
veryGood! (228)
Related
- South Korean president's party divided over defiant martial law speech
- A new flu is spilling over from cows to people in the U.S. How worried should we be?
- Global Warming Pushes Microbes into Damaging Climate Feedback Loops
- Q&A: 50 Years Ago, a Young Mother’s Book Helped Start an Environmental Revolution
- Former Danish minister for Greenland discusses Trump's push to acquire island
- NFL Legend Jim Brown Dead at 87
- EPA’s Methane Estimates for Oil and Gas Sector Under Investigation
- Climate Change Will Increase Risk of Violent Conflict, Researchers Warn
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Neurotech could connect our brains to computers. What could go wrong, right?
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- You asked: Can we catch a new virus from a pet? A cat-loving researcher has an answer
- How Taylor Lautner Grew Out of His Resentment Towards Twilight Fame
- Billions of people lack access to clean drinking water, U.N. report finds
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- You asked: Can we catch a new virus from a pet? A cat-loving researcher has an answer
- Mass killers practice at home: How domestic violence and mass shootings are linked
- A months-long landfill fire in Alabama reveals waste regulation gaps
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
You asked: Can we catch a new virus from a pet? A cat-loving researcher has an answer
Khloe Kardashian Unveils New Photo of Her Growing Baby Boy
The Politics Of Involuntary Commitment
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Alec Baldwin Reacts to Birth of First Grandchild After Ireland Baldwin Welcomes Baby Girl
'Live free and die?' The sad state of U.S. life expectancy
Trump’s Move to Suspend Enforcement of Environmental Laws is a Lifeline to the Oil Industry