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Jan 17, 2024 · HUNT VALLEY, Md. – Sinclair, Inc. (Nasdaq: SBGI) today announced that it has agreed, subject to definitive documentation and final court approval, to a global settlement and release of all claims associated with the litigation filed by Diamond Sports Group, LLC (DSG) and DSG’s wholly-owned subsidiary, Diamond Sports Net, LLC, in July 2023 ...
Jan 17, 2024 · Amazon agreed to a minority investment in regional sports networks giant Diamond Sports under a Chapter 11 plan, Sinclair will pay a legal settlement.
Aug 16, 2023 · NEW YORK, Aug 16 (Reuters) - Bankrupt Diamond Sports Group has sued its parent company Sinclair Broadcast Group (SBGI.O) for fraudulently withdrawing as much as $1.5 billion from the regional...
Mar 14, 2023 · Diamond Sport Group, an unconsolidated and independently run subsidiary of Sinclair Broadcast Group, filed for bankruptcy protection on Tuesday. The company, which airs local NBA, NHL and MLB...
Oct 12, 2023 · The company, which is a subsidiary of The Sinclair Broadcast Group (SBGI.O), has sought to use its bankruptcy to cut $8 billion in debt, renegotiate its MLB contracts, and pursue a fraud...
Jan 25, 2023 · With financial troubles mounting, the Sinclair Broadcast Group Inc .-owned firm will likely skip $140 million in interest payments due mid-February, kickstarting a 30-day grace period,...
Mar 15, 2023 · Sinclair Broadcast Group Inc.’s regional sports business filed for bankruptcy Tuesday after cord-cutting consumers left the company unable to service its debt and keep paying for the...
Feb 28, 2024 · December 2022: DSG’s board votes to block Sinclair from controlling the RSNs’ day-to-day operations. Preschlack is named CEO of Diamond Sports Group. February 2023: Facing a $140 million bill the following week for interest payments, Diamond plans to file for bankruptcy.
Mar 15, 2023 · Sinclair Broadcast Group’s big bet on regional professional sports veered into Bankruptcy Court on Tuesday as the company’s unit that broadcasts local games filed for Chapter 11 protection.
Aug 16, 2023 · Sinclair Broadcast Group Inc. is accused of wrongly siphoning more than $1.5 billion from a subsidiary operating a network of local sports channels that filed bankruptcy earlier this year,...
