The trio of pro sports is expected to get in talks with diamond sports., which operates around 21 regional bally sports networks.
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The diamond group is owned by Baltimore-based Sinclair Broadcast Group who is in accounts for more than half the local broadcast market in the country.
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According to the sources, this deal is very looming for a diamond because it has been hemorrhaging cash which could lead to bankruptcy.
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Sinclair at the start of 2019 won an auction to buy fox sports networks from 21st-century fox for $10.6 billion.
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Which included 14 MLB teams, 16 NBA teams, and 12 NHL teams.
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Insider says diamond might fetch $ 3 billion including its debts, which is presently trading at $2 billion.
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Sinclair is expected to give over diamonds equity to creditors who will sell most of the operations to MLB, the NBA, and the NHL.
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Diamond on September 26 is launching the top steaming service where consumers have to pay roughly $20 monthly and watch games.
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Since MLB teams are the only ones playing during summer months it seems for the success of diamond.
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So now MLB is considering launching its own streaming service that would carry local games as soon as next year.
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