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Big Law

MLB Takes Over Padres Broadcasts After Diamond Sports Misses Payment

Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment to the regional sports network’s parent company and let the grace period expire.

Diamond Sports, which owns 19 networks under the Bally Sports banner, said in a statement that it decided “not to provide additional funding to the San Diego RSN that would enable it to make the rights payment to the San Diego Padres during the grace period and will no longer be broadcasting Padres games after Tuesday.”

The Padres RSN is owned by a joint venture of the team and Diamond.

The Padres become the first team that MLB will take over production of its broadcasts. MLB set up a local media department during the offseason to prepare for a bankruptcy filing by Diamond Sports, which took place in March.

Read the source article at usnews.com

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