Sinclair Broadcast Group’s regional sports business, Diamond Sports Group, missed a $140M interest payment to its bondholders and is preparing to file for bankruptcy "soon," people familiar with the matter tell The Wall Street Journal’s Alexander Gladstone. Diamond Sports has engaged a law firm to advise on its financial restructuring, the sources added. Reference Link
Published first on TheFly
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- FuboTV, Sinclair Broadcast announce carriage agreement for 19 RSNs
- Sinclair Broadcast’s Diamond Sports headed toward bankruptcy filing, NYP reports
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