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ST. LOUIS (AP) — Diamond Sports Group announced Thursday that it has reached a multi-year agreement with the St. Louis Cardinals to continue broadcasting their games.
The Cardinals are one of five Major League Baseball franchises that co-own their regional sports network.
Games will be broadcast on FanDuel Sports Network Midwest. FanDuel took over the naming rights for Diamond’s 16 regional sports networks last month after Diamond had an agreement with Bally since March 2021.
As part of the agreement, cable and satellite subscribers in the Cardinals TV area will be able to stream games and other programming on the FanDuel Sports Network app. FanDuel Sports Network subscribers on a direct-to-consumer basis will also have access to the games.
“We appreciated the continuity for our fans by remaining on the same network as the Blues, and we’re pleased to now be able to expand access to our games and other great Cardinals content across multiple platforms next year,” said Cardinals President Bill DeWitt. III said in a statement.
Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection in March 2023. The company said in a financial filing last year that it had debts of $8.67 billion.
A final hearing on Diamond’s reorganization plan is scheduled for Nov. 14.
As part of his reorganization plan, Diamond has voided the contracts of the Detroit Tigers and Tampa Bay Rays and will seek to cancel the deals of the other four franchises that co-own their RSNs – the Cincinnati Reds, Kansas City Royals and Los Angeles Angels. to rework. and Miami Marlins.
Diamond CEO David Preschlack said in a statement that they remain in discussions with the other franchises.
MLB will handle production and distribution for at least six teams through 2025. It took over broadcasts of the San Diego Padres and Arizona Diamondbacks during the 2023 season and the Colorado Rockies this year.
MLB announced last month that it will add the Cleveland Guardians, Milwaukee Brewers and Minnesota Twins next season after their deals with Diamond expired.
The Texas Rangers, whose contract also expired last month, are assessing their options for next season after announcing they would not work with Diamond.
Diamond also has the rights to thirteen NBA and eight NHL teams.
Diamond Sports Group and Sinclair Broadcast Group purchased The Walt Disney Co.’s regional sports networks. for nearly $10 billion in 2019. Disney was required by the Justice Department to sell the networks to acquire 21st Century Fox’s film and television assets. approved.
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APMLB: https://apnews.com/hub/mlb
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