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Teams Continuing To Capitalize On Crumbling RSNs

Aug 28, 2023

Thanks to Fenway Sports Group, another franchise is close to owning the rights to broadcast its own games.

The parent organization of the Boston Red Sox, Liverpool FC, Pittsburgh Penguins, and NESN is nearing a deal with Warner Bros. Discovery Sports to acquire AT&T SportsNet Pittsburgh, the regional sports network that airs both the Penguins and MLB’s Pittsburgh Penguins.

Financial terms were not disclosed, but for the past six months, Warner Bros. Discovery has actively sought to exit the RSN business, one under significant stress — as highlighted by the ongoing bankruptcy of Bally Sports parent Diamond Sports Group.

Source: Front Office Sports

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