Diamond Sports Group

Diamond Sports Group Reaches Multi-Year Distribution Agreement with Charter

Retrieved on:

Wednesday, April 3, 2024

Entertainment, Sports, Other Entertainment, TV and Radio, General Entertainment, Other Sports, General Sports, Charter, NHL, DTC, MLB, Bally Sports, Diamond Sports Group, CHTR, NBA

Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).

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Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).
Under the new agreement, customers will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game content on Diamond’s RSN channels through Charter’s Spectrum TV Select Plus package.
We expect this agreement to generate value for Diamond, Charter and our team and league partners, and enable us to continue providing high quality broadcasts for passionate local fans.
We believe this agreement can serve as a model in the ongoing time-sensitive negotiations with our other distribution partners to reach carriage agreements that work for all parties.”

Bally’s Corporation Announces Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 21, 2024

Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s completed a successful 2023 with healthy results across all our business segments.

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Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s completed a successful 2023 with healthy results across all our business segments.
Revenues in the fourth quarter grew 6.1% year-over-year to $611.7 million reflecting continued growth in our Casinos & Resorts, International Interactive and North America Interactive segments.
For the full year, International Interactive revenues grew 2.8%.”
“North America Interactive generated fourth quarter revenues of $33.4 million, up 26.9% year-over-year, and an Adjusted EBITDAR loss of $9.8 million.
Bally’s fourth quarter 2023 earnings conference call and audio webcast will be held today, Wednesday, February 21, 2024 at 4:30 p.m. EDT.

Gray Television Brings Milwaukee Bucks Games Back to Free Over-The-Air Television this Season In Three Wisconsin Markets from Weigel Broadcasting’s WMLW

Retrieved on:

Wednesday, February 14, 2024

Diamond, Television, Gray Television, Weigel Broadcasting, Minnesota Timberwolves, Milwaukee Bucks, GREEN, Diamond Sports Group, Bally Sports Wisconsin

GREEN BAY, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Milwaukee Bucks are returning to broadcast television in Green Bay, Eau Claire-La Crosse, and Wausau, Wisconsin, on television stations owned by Gray Television, Inc. (“Gray”) (NYSE: GTN) as part of the recently announced Bucks broadcast package from Weigel Broadcasting Co.’s WMLW The M in Milwaukee.

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GREEN BAY, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Milwaukee Bucks are returning to broadcast television in Green Bay, Eau Claire-La Crosse, and Wausau, Wisconsin, on television stations owned by Gray Television, Inc. (“Gray”) (NYSE: GTN) as part of the recently announced Bucks broadcast package from Weigel Broadcasting Co.’s WMLW The M in Milwaukee.
Gray’s stations will broadcast 10 Bucks games this season, beginning on Friday, February 23rd, when the Bucks play at the Minnesota Timberwolves.
“We are thrilled to offer the Bucks fans in Green Bay, Eau Claire, La Crosse, Wausau, and nearby areas the chance to watch these ten games for free.
The games have been made available for local over-the-air distribution as part of the NBA’s agreement with Diamond Sports Group, the owner of Bally Sports Wisconsin.

Weigel Broadcasting Co. and TEGNA’s WQAD to Bring Milwaukee Bucks Games Back to Free Over-the-Air Television in the Quad Cities

Retrieved on:

Thursday, February 8, 2024

The Milwaukee Bucks are returning to broadcast television in the Quad Cities as part of a new agreement with TEGNA Inc’s (NYSE: TGNA) WQAD.

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The Milwaukee Bucks are returning to broadcast television in the Quad Cities as part of a new agreement with TEGNA Inc’s (NYSE: TGNA) WQAD.
These games will be available to nearly 240,000 homes and more than 384,000 people in the Quad Cities.
WQAD will have 10 over-the-air Bucks games this season, beginning on Friday, Feb. 23, when the Bucks play at the Minnesota Timberwolves.
“We’re thrilled to make these Bucks games available to every fan, and every household, in the Quad Cities,” said Jim Kizer, president and general manager, WQAD.

TEGNA Station WFAA Teams with the Dallas Mavericks to Broadcast 10 Additional Games Free Over-The-Air

Retrieved on:

Tuesday, January 23, 2024

TEGNA Inc. (NYSE: TGNA) today announced that WFAA, its Dallas-Fort Worth ABC affiliate, has partnered with the Dallas Mavericks to bring 10 additional games to the WFAA broadcast schedule.

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TEGNA Inc. (NYSE: TGNA) today announced that WFAA, its Dallas-Fort Worth ABC affiliate, has partnered with the Dallas Mavericks to bring 10 additional games to the WFAA broadcast schedule.
The additional 10 games will be available to three million households and more than seven million people in the Dallas-Fort Worth market.
Games will air live in North Texas on WFAA through its free over-the-air broadcasts and through WFAA’s broadcast distribution with cable, satellite, and streaming services.
Information on when and where to catch all remaining 2023-24 season Mavericks games can be found at mavs.com and wfaa.com/mavs.

Kramer Levin Names Leaders of Distressed Investing Practice

Retrieved on:

Wednesday, January 17, 2024

Professional Services, Legal, Finance, Diamond, Bankruptcy, Investment, Diamond Sports Group, Distress, LATAM Airlines Group, Growth, Security (finance)

Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice.

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Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice.
“The depth and breadth of our restructuring bench — combined with our strength and continued growth in finance and litigation — have driven the growth of our Distressed Investing practice.
Kramer Levin’s Distressed Investing practice represents banks, hedge funds and other financial institutions in all types and stages of distressed investing.
The firm’s Distressed Investing practice is complemented by its Special Situations practice and strong Bankruptcy Litigation and Investigations and Financial Services Litigation groups, both of which experienced significant growth when Kramer Levin combined with Washington, DC, litigation boutique Robbins, Russell, Englert, Orseck & Untereiner LLP in 2022.

Diamond Sports Group Releases Cleansing Materials

Retrieved on:

Wednesday, January 17, 2024

Entertainment, Communications, Sports, TV and Radio, General Sports, Media, Diamond, JPMorgan Chase, Creditor, Multimedia, Shirin David, Diamond Sports Group, RSA, Confidentiality, Bankruptcy, The Company, Cryptocurrency

Diamond Sports Group, LLC ("Diamond" or the "Company"), today issued the following updates.

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Diamond Sports Group, LLC ("Diamond" or the "Company"), today issued the following updates.
View the full release here: https://www.businesswire.com/news/home/20240116883620/en/
In December 2023, Diamond entered into confidentiality agreements (the “NDAs”) with certain holders of its funded indebtedness (the “Creditors”) in connection with the Creditors’ evaluation of a potential alternative transaction involving Diamond.
Diamond is disclosing the Unaudited Financial Summary, the RSA, and the Settlement Term Sheet in satisfaction of its obligations under the NDAs.
Additional information regarding Diamond’s Chapter 11 cases, including court filings and information about the claims process are available at https://cases.ra.kroll.com/DSG .

Diamond Sports Group Enters into Restructuring Support Agreement that Provides Framework for Comprehensive Reorganization Plan to Emerge from Chapter 11 as a Going Concern

Retrieved on:

Wednesday, January 17, 2024

Technology, General Sports, Sports, Telecommunications, MLB, NBA, Diamond Sports Group, Bankruptcy, RSA, Amazon Prime Video, DTC, United States bankruptcy court, MVPD, NHL

The proceeds of this financing will be used to support Diamond’s operations as the Company finalizes a comprehensive reorganization plan and to repay $350 million of Diamond’s existing first lien indebtedness to facilitate the restructuring.

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The proceeds of this financing will be used to support Diamond’s operations as the Company finalizes a comprehensive reorganization plan and to repay $350 million of Diamond’s existing first lien indebtedness to facilitate the restructuring.
In addition, Diamond’s key creditors have reached agreement on financial terms and a go-forward capital structure that will be the foundation of the reorganization plan to facilitate Diamond’s emergence from bankruptcy as a going concern.
Under the RSA, the proceeds from the Sinclair settlement will be used to support the reorganization plan and fund distributions to certain creditors.
Additional information regarding Diamond’s Chapter 11 cases, including court filings and information about the claims process are available at https://cases.ra.kroll.com/DSG .

Sinclair Announces Global Settlement of All Diamond Sports Group-Related Litigation Issues, Including Agreement with Diamond on Management Services Agreement Amendment

Retrieved on:

Wednesday, January 17, 2024

Other Entertainment, TV and Radio, Entertainment, Diamond, Hand, SBGI, DSG, Diamond Sports Group, Documentation, Bankruptcy, Court, United States bankruptcy court, STG, Market access

The $495 million cash payment will be funded by cash on hand at Sinclair Ventures, LLC, Sinclair Television Group, LLC and/or a loan backed by Sinclair Ventures, LLC.

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The $495 million cash payment will be funded by cash on hand at Sinclair Ventures, LLC, Sinclair Television Group, LLC and/or a loan backed by Sinclair Ventures, LLC.
Under the terms of the settlement, Sinclair will provide transition services to DSG to allow DSG to become a self-standing entity going forward.
A motion for approval of the settlement is expected to be filed with the Court next week.
If the settlement does not receive final Court approval, Sinclair remains committed to vigorously defending against the claims asserted in the litigation.

Atlanta Hawks Partner with Gray’s Peachtree TV and WANF to Broadcast 10 Games Free, Over the Air

Retrieved on:

Saturday, December 30, 2023

Diamond, Miami Heat, Diamond Sports Group, WPCH-TV, Xfinity, Dish Network, Bally Sports Southeast, WPCH, NBA, WANF, CBS, DirecTV, College Park Skyhawks, Phoenix Suns, Hall, Atlanta Hawks, State Farm Arena, Television

ATLANTA, Dec. 30, 2023 (GLOBE NEWSWIRE) -- After almost 30 years away, the Atlanta Hawks are returning home to Peachtree TV (WPCH) in Atlanta.

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ATLANTA, Dec. 30, 2023 (GLOBE NEWSWIRE) -- After almost 30 years away, the Atlanta Hawks are returning home to Peachtree TV (WPCH) in Atlanta.
In lieu of that game, Peachtree TV will broadcast the match up versus New Orleans on March 10th.
"We are thankful to Peachtree TV and Gray TV for making this a reality and look forward to returning the Hawks to our historic local partner for our Friday games."
On-air talent from Peachtree TV and WANF (Atlanta News First), including Sports Director Baillie Burmaster, will also be featured on telecasts.