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(Sports Illustrated)   Sinclair Broadcasting, owner of Bally's Sports is declaring bankruptcy, will likely fark regional sports networks across the country   (si.com) divider line
    More: Fail, Organization, New Orleans, NBC, YouTube, Sport, Revenue, Vice president, Bally Sports  
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1935 clicks; posted to Sports » and Business » on 28 Jan 2023 at 4:25 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



78 Comments     (+0 »)
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2023-01-27 9:17:47 PM  
Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.
 
2023-01-27 9:21:09 PM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


Yep.

And it is very low on the list of shiatty things they do, but Bally farks over NBA League Pass subscribers.

Go. Spurs. Go.
 
2023-01-27 9:22:39 PM  
I switched to Roku and streaming services a couple years ago, and Detroit's regional sports network wasn't carried on any of the streams. I believe that they are finally getting Bally Sports Detroit streaming in late winter.

I was looking forward to watching the Tigers this summer, but frankly I'm more amused by these guys going into Chapter 11.
 
jbc [TotalFark]
2023-01-27 9:33:12 PM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


Yes, but I believe this bankruptcy is structured to only impact their sports subsidiary. The reactionary propaganda and lies will continue unabated without financial risk.
 
2023-01-27 9:35:25 PM  
Wonderful.  I had to subscribe to Bally's in order to watch my beloved Memphis Grizzlies.  Now, how will I get to see absolutely every instance of Ja Morant clowning fools??
 
2023-01-27 9:41:25 PM  
Good.
 
2023-01-27 9:48:54 PM  
As a non-sports person, I thought Bally's was just some weird chain of gyms.
 
2023-01-27 9:52:21 PM  
Well I'm mildly bummed about this. I watch Ballys Sports Detroit fairly often.
 
2023-01-27 10:21:45 PM  

kittyhas1000legs: As a non-sports person, I thought Bally's was just some weird chain of gyms.


I thought they made the big arcades I went to in the 80's.
 
2023-01-27 10:25:59 PM  
The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.
 
2023-01-27 11:04:40 PM  
And nothing of value was lost
 
2023-01-27 11:32:10 PM  
Nothing is going to happen to the propaganda arm.
I heard that a right wing internet troll got offered 50 millions dollars to push right wing propaganda last week.
NewsMax got kicked off Directv and was immediately replaced with another extreme right channel.
The wealthy have all the money and it has been shown that they will spend a lot to get so much more.
 
2023-01-28 4:32:50 AM  

jbc: Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.

Yes, but I believe this bankruptcy is structured to only impact their sports subsidiary. The reactionary propaganda and lies will continue unabated without financial risk.


That is a disappointment
:(
 
2023-01-28 4:37:45 AM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


Yeah, and they destroyed ROH such that Tony Khan picked up the scraps and made it the equivalent of WWECW...
 
2023-01-28 4:37:55 AM  
Sinclair requires anchors to read script bashing 'fake' news
Youtube aGIYU2Xznb4
 
2023-01-28 4:40:31 AM  

kittyhas1000legs: As a non-sports person, I thought Bally's was just some weird chain of gyms.


And I thought they made pinball machines.

arcade-museum.comView Full Size
 
2023-01-28 4:52:49 AM  

North_Central_Positronics: kittyhas1000legs: As a non-sports person, I thought Bally's was just some weird chain of gyms.

I thought they made the big arcades I went to in the 80's.


Bally's history is all over the board. I don't know if I'd call them a conglomerate, per se, but games, gaming, entertainment and sports are all a part of their history, including what both of you are talking about.

They started as a pinball machine company. They moved into slot machines. They moved from slot machines to out-and-out running casinos.

Midway, of Pac-Man, NBA Jam and Mortal Kombat video game fame, was under Bally's purview from 1982-88. Bally's ran Aladdin's Castle, which are the arcades you're talking about.

Bally Total Fitness came to be after an acquisition in 1983 and, while it was spun off in 1996, it didn't fully go away until 2016. Bally owned LifeFitness, the brand behind many exercise machines like LifeCycle, for a time.

Six Flags was under Bally's purview from 1983-87.

And so on.

Around the mid-90's, Bally's main focus basically became the casinos, though the name lingered in other stuff they'd spun off here and there. The name has even bounced between different overarching owners, including some time as a subsidiary of Caesar's.

Their name being on the regional sports networks is purely a marketing/sponsorship thing. Sinclair runs the networks. They're just named Bally's because Bally's paid Sinclair for naming rights.
 
2023-01-28 5:56:58 AM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


Sinclair Broadcast Group: Last Week Tonight with John Oliver (HBO)
Youtube GvtNyOzGogc
 
2023-01-28 6:00:56 AM  

bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.


The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.
 
2023-01-28 6:23:11 AM  

Hoopy Frood: bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.

The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.


Still pisses me off that they basically ran stations like WBRU & WBCN out of business. Two of the greatest radio stations ever just yanked because of corporate greed.
 
2023-01-28 7:09:15 AM  

Hoopy Frood: bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.

The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.


Never forget the evil that is the Hearst corporation. Worked for them 25 years ago.
 
2023-01-28 7:22:17 AM  

Hoopy Frood: bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.

The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.


Is the last one NPR?
 
2023-01-28 7:30:26 AM  

sinner4ever: I heard that a right wing internet troll got offered 50 millions dollars to push right wing propaganda last week.


What the fark am I doing working for a living? I need to cultivate an alter ego....
 
2023-01-28 7:43:21 AM  

Pfighting Polish: Bally Total Fitness came to be after an acquisition in 1983 and, while it was spun off in 1996, it didn't fully go away until 2016.


After repeated bankruptcies, which is probably what's going to happen here.
 
2023-01-28 8:06:45 AM  
I stayed there last year

upload.travelawaits.comView Full Size
 
2023-01-28 8:18:09 AM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?


They apparently have comparable money management skills too.
 
2023-01-28 8:44:41 AM  

bighairyguy: Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

They apparently have comparable money management skills too.


Yeah, it's mostly what these people do. Make a company to get what they want; if it doesn't generate the money they think it could, they declare bankruptcy and don't pay their debts without it affecting their main propaganda business. It kills everyone they worked with, but since they don't care about anyone but themselves and pushing their propaganda, they don't care.

It's really a great system for those who have been morally bankrupt their entire lives.

Anyway, this is gonna result in a lot of lockouts as teams and leagues suddenly don't have the money they were promised and now they'll either have to eat hundreds of millions of dollars of losses or lock players out so they eat them. In any case, all the leagues are going to be a lot poorer - well, at least labor will be.
 
2023-01-28 8:48:04 AM  
Aside from the NFL, all of the major leagues are dependent on ESPN/TNT/RSNs getting their $30/mo. from the 80% of cable subscribers who don't even watch sports. But the massive decline in cable subscriptions means this model isn't sustainable anymore, and I don't think they're going to be able to get the sports-watching 20% to pay $150/mo. for a dedicated streaming service, so something is probably going to have to give in terms of how much the leagues are getting paid for TV rights.
 
2023-01-28 9:10:55 AM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


They didn't go woke and yet they're still broke?  Curious


BroadcastingPointsUSA
 
2023-01-28 9:18:28 AM  

bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.


That was Clear Channel.
 
2023-01-28 9:25:11 AM  
They own the rights to my local MLB team, Kansas City Royals. They took it over a few years ago. When Bally's got the contract over fox sports, the only place you could watch the games was on local cable. Since more and more folks cut the cord they did nothing, then last year they offered a stand alone product. They want $20 a month for a service that only offers Royals Baseball and St Louis Blues Hockey.  F- that, Hulu + Disney + ESPN if fricken cheaper.  F them, hope they just go away.
 
2023-01-28 9:37:01 AM  
The rights to the Bally's name are so confusing that it's hard to tell where you'd start.  From Wikipedia:
"The Name"
"Items Using the Bally Brand"
https://en.wikipedia.org/wiki/Bally_Manufacturing
 
2023-01-28 9:51:05 AM  
Elephant Talk: King Crimson on 'Fridays', ABC TV, USA
Youtube SvJe25wA-e8
 
2023-01-28 10:00:08 AM  
Well when that sweet Russian money dries up due to things like War hard to stay in business otherwise.. for some reason.
 
2023-01-28 10:03:46 AM  
MLB is supposedly working to remove local blackouts on MLB.tv anyway, so, fark Sinclair.
 
2023-01-28 10:04:52 AM  

Hoopy Frood: bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.

The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.


It wasn't just that law and Clear Channel. The advent of the iPod and other MP3 players in the early 2000s was the death knell.

Why listen to terrestrial radio when you can play a mix of every album you own? These days it is even worse because now you can play most of the music in existence with a Spotify or Apple Music account and a phone. And if you really want good DJs curating interesting playlists there's always Beats One on Apple Music.

Technology just overtook terrestrial radio. Even if radio station ownership stayed exactly the same, technology would have inevitably decimated their listener base as portable music libraries became possible.
 
2023-01-28 10:06:51 AM  
huh.. wonder what this means for YES network which already had a patchwork quilt of ownership (26% by the Yankees, 20% by Sinclair, 15% by Amazon, 13% each by Blackstone, RedBird, and the gov't of Abu Dhabi)
 
2023-01-28 10:22:31 AM  

Demetrius: Isn't Sinclair a TFG humping right-wing media company forcing their affiliates to spread propaganda at every turn?

Good. Fark them.


To the point where anchors started prefacing segments by telling viewers the following statements were coming straight from the company.
 
2023-01-28 10:22:34 AM  

North_Central_Positronics: kittyhas1000legs: As a non-sports person, I thought Bally's was just some weird chain of gyms.

I thought they made the big arcades I went to in the 80's.


My Sober Alt: kittyhas1000legs: As a non-sports person, I thought Bally's was just some weird chain of gyms.

And I thought they made pinball machines.

[arcade-museum.com image 320x307]


It is that Bally's. They paid the Sinclair morons to get their brand name as the channel name. Bally's branched out to making slot machines years ago and now they own a few casinos (including the Tropicana in Vegas)

/and for anyone who knows about Vegas casinos, they're why the Bally's name is off of that Vegas Strip casino and is being replaced with "Horseshoe"
 
2023-01-28 10:46:37 AM  

Mad_Radhu: Hoopy Frood: bloobeary: The same Sinclair that wrecked terrestrial radio?

Burn it to the ground.

The Telecom Act of 1996 wrecked terrestrial radio. iHeart, Cumulus and LM own 18 of the 22 stations in my market's last Nielsen book and colleges own three of the four they couldn't buy.

It wasn't just that law and Clear Channel. The advent of the iPod and other MP3 players in the early 2000s was the death knell.

Why listen to terrestrial radio when you can play a mix of every album you own? These days it is even worse because now you can play most of the music in existence with a Spotify or Apple Music account and a phone. And if you really want good DJs curating interesting playlists there's always Beats One on Apple Music.

Technology just overtook terrestrial radio. Even if radio station ownership stayed exactly the same, technology would have inevitably decimated their listener base as portable music libraries became possible.


That's just a radio show. That's what a good college radio show still is. Yes, the iPod would've killed off a lot of radio shows/stations (good, bad, and middling) but Clear Channel really did most of the work.

/related, RIP Eddie Lopez, host of the LA weekend Latin jazz show for all these years
 
2023-01-28 11:02:33 AM  

Snapper Carr: [Youtube-video https://www.youtube.com/embed/aGIYU2Xznb4?start=29]


Came here for this.  Leaving nauseated.
 
2023-01-28 11:32:19 AM  
Another Diamond biting the dust?  They're dropping like flies!
 
2023-01-28 11:42:29 AM  

Scythed: Aside from the NFL, all of the major leagues are dependent on ESPN/TNT/RSNs getting their $30/mo. from the 80% of cable subscribers who don't even watch sports. But the massive decline in cable subscriptions means this model isn't sustainable anymore, and I don't think they're going to be able to get the sports-watching 20% to pay $150/mo. for a dedicated streaming service, so something is probably going to have to give in terms of how much the leagues are getting paid for TV rights.


I think non-NFL sports are in for a rude awakening as cable goes away and fans will need to pay full freight for watching their teams. I can't see people paying more than $10/month to watch.
 
2023-01-28 11:47:37 AM  
Considering cable bills, there should be no shortage of income.

Wait, I know what the problem is: spending. Poor people are poor because they spend their money according to Sinclair broadcasting outlets. Clearly, Sinclair needs to stop spending money on non-essentials, start going to church, and get a gottam job already.
 
2023-01-28 11:53:44 AM  
They made a really bad deal. Paid $10 billion for about 3 dozen regional sports networks. Created a streaming services and sold the naming rights to Bally's which has a sports gambling business.They had an idea for a streaming app that also allowed gambling. Except there were problems, many of the sports networks had existing broadcast deals or weren't interested in signing onto the app or didn't want to get more entangled with an over-leveraged company clearly headed towards default. Plus, sports gambling was still illegal in several of their markets.

Even though they own 30+ sports networks, the Bally+ app only launched with about 5 teams available. Last year they tried shopping the networks to buyers for $3 Billion, which would have been a $7 B loss. There were no takers. Somebody is going to get these networks for a bargain in the bankruptcy.
 
2023-01-28 12:10:13 PM  
Barrons' Streetwise podcast this week has an interesting interview with Peter Supino, a senior analyst at Wolfe Research.  The average family is paying $150 in video services, comprised of $100 to a cable/video provider like Comcast + a little over $10 per month to between 4 and 4.5 streaming services (Apple, Netflix, Amazon, Roku, Disney, MLB.tv, etc.).

He believes that it's an extremely lucrative business despite the current negative investor attitude towards spending on content.  His message: expect consolidation among providers.  Bally/Sinclair may be the first big consolidation forced by bankruptcy.
 
jbc [TotalFark]
2023-01-28 12:55:50 PM  

Omnivorous: Bally/Sinclair may be the first big consolidation forced by bankruptcy.


Sinclair will probably have to sell the sports networks, for pennies on the dollar. Disney was forced to sell these off when they bought most of Fox, so they're out. It'll have to be someone looking to expand programming, so Warner/HBO/Discovery is out. Best bets will be Apple, Amazon, or YouTube. The teams will still get paid. Fans will still get to see the games, but more of them are going to have to learn how to watch a stream.
 
2023-01-28 12:56:31 PM  

ZMugg: [iFrame https://www.youtube.com/embed/SvJe25wA-e8?autoplay=1&widget_referrer=https%3A%2F%2Fwww.fark.com&start=0&enablejsapi=1&origin=https%3A%2F%2Fwww.fark.com&widgetid=3]


Great clip. They are all incredible musicians, of course. But I keep getting pulled into Tony Levin's bass line. That dude is a master of his craft.
 
2023-01-28 1:17:36 PM  

TedCruz'sCrazyDad: Scythed: Aside from the NFL, all of the major leagues are dependent on ESPN/TNT/RSNs getting their $30/mo. from the 80% of cable subscribers who don't even watch sports. But the massive decline in cable subscriptions means this model isn't sustainable anymore, and I don't think they're going to be able to get the sports-watching 20% to pay $150/mo. for a dedicated streaming service, so something is probably going to have to give in terms of how much the leagues are getting paid for TV rights.

I think non-NFL sports are in for a rude awakening as cable goes away and fans will need to pay full freight for watching their teams. I can't see people paying more than $10/month to watch.


Pay less than that for NHL. Thts the ONE good thing about ESPN getting their rights
 
2023-01-28 1:21:28 PM  

Pfighting Polish: Their name being on the regional sports networks is purely a marketing/sponsorship thing. Sinclair runs the networks. They're just named Bally's because Bally's paid Sinclair for naming rights.


Kind of backfires if you end up sponsoring a service that goes bankrupt.
 
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