"Cincinnati was one of nine teams who terminated a contract with Main Street Sports earlier this month. The company has been flailing for years and was in bankruptcy for most of 2023 and 2024, back when it was known as Diamond Sports Group. The company previously ran broadcasts under the Bally Sports moniker. After emerging from bankruptcy, they changed the company name and also signed a new naming rights deal, so the channel has had the FanDuel Sports Network label more recently."
"Though the company did emerge from bankruptcy, they haven't escaped trouble. They recently missed payments to a few clubs, which is what prompted the terminations. The regional sports network (RSN) model has been eroding for years due to cord cutting and streaming. This puts some clubs in an awkward spot. The RSN model has been a good source of revenue in the past but it has been declining."
Reds roster decisions are in a holding pattern because the club seeks clarity on its broadcast partner before committing to player signings. The club showed interest in Eugenio Suarez and Austin Hays but delayed pursuit pending broadcast certainty. Cincinnati was among nine teams that terminated a contract with Main Street Sports after missed payments and a history of bankruptcy when it operated as Diamond Sports Group. Main Street rebranded and signed new naming deals but continues to face trouble. The regional sports network model has eroded due to cord-cutting and streaming, weakening rights-fee revenue. Teams weigh MLB-run streaming or lower-fee RSN deals, both reducing or risking revenue.
Read at www.mlbtraderumors.com
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