News Article: WBD (AT&T SN) may go into bankruptcy or sell/give rights back to teams

[LadyStanley]

Warner Bros. Discovery tells teams it wants to exit RSN business

Teams received a letter Friday from AT&T SportsNet president Patrick Crumb, according to the Wall Street Journal.

theathletic.com

This impacts a number of teams in multiple leagues, including Penguins, Kraken and VGK.

March 31 deadline (before potential bankruptcy).

Click to read more...

 

[EMcx2]

The Review Journal and the Wall Street Journal also have the story for those who can not view it on TheAthletic.com

This isn't coming out of left field.... It's well known that the RSNs are struggling. Hopefully the teams and league have been developing alternatives. In the long-term it probably means less revenue for the teams.