Author Topic: Sinclair/Diamond Sports bankruptcy watch  (Read 6663 times)

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Offline nfotiu

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Re: Sinclair/Diamond Sports bankruptcy watch
« Reply #100: September 11, 2023, 11:01:15 AM »
Looks like ESPN could be joining the bankruptcy watch soon too. 

https://cordcuttersnews.com/could-espn-be-facing-bankruptcy-because-of-spectrum-its-reportedly-possible

It seems far fetched on the surface, but they're suddenly in a situation not too different than Bally's with no path out if Charter doesn't cave.    Tonight is a bit of a point of no return for ESPN to get back on Charter.  They seem more than happy to shed their low margin video customers. 

Subscriber losses were already snowballing to a level higher than ESPN was anticipating.   Adding a loss of 15 million customers will assuredly send them significantly underwater, with no obvious path to profitability.   

All these college sport re-alignments could be in for a big shock if ESPN is in trouble.