Comcast Not Interested In Adding Warner Bros. Discovery RSNs: Report
Leagues seeking ways to keep regional sports network revenue flowing
Comcast is not interested in running the regional sports networks Warner Bros. Discovery is planning to shut down, according to a published report.
Major League Baseball, the National Basketball Association and the National Hockey League all have teams whose games are carried by WBD’s AT&T Sports Nets in Pittsburgh, Houston and Denver.
Rather than seeing those networks shut down -- and stop paying right fees -- the league reached out to Comcast, which has TV stations in those markets and operates its own constellation of five regional sports networks, according to Sports Business Journal. (opens in new tab) Comcast a year ago sold its majority stake in another RSN, NBC Sports Washington, to Monumental Sports & Entertainment.
Comcast declined the new overture, according to SBJ.
Also: MSG Networks Jumps Into Streaming With DTC App, FAST Channel
If WBD shuts down its RSNs and the Ballys RSN go into bankruptcy and look to reduce the payments they make to teams for rights to air games, the leagues might be forced to follow through on their declaration that they will broadcast the games themselves.
Yesterday, Major League Baseball said it was starting its own local media unit and hired three senior RSN executives who could oversee the production and distribution of games. ■
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.