Benjamin R. Walker,left, and James L. Bromley,right, of Sullivan & Cromwell. Courtesy photos Litigators of the (Past) Week: S&C and MLB Get Bankruptcy Ruling Forcing Diamond Sports to Pay Full Broadcast Fees
Jim Bromley and Ben Walker of Sullivan & Cromwell helped persuade a bankruptcy judge that MLB had offered to reacquire telecast rights from Diamond Sports Group, which owns regional sports networks that broadcast multiple teams' games.
June 14, 2023 at 07:30 AM
5 minute read
In the age of cord-cutting, it should come as little shock that Diamond Sports Group went into bankruptcy. After all, the company, which owns a string of regional sports networks, entered bankruptcy loaded with debt to fund the costly telecast rights agreements it has with Major League Baseball clubs and other sports teams to broadcast live games.
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