"The company has seemingly been hanging by a thread for a long time. Cord cutting and streaming have been eroding the regional sports network (RSN) model for years. Previously known as Diamond Sports Group and operating under the Bally Sports logo, the company was in bankruptcy for most of 2023 and 2024. When they emerged from bankruptcy late in 2024, they changed the company name and switched to the FanDuel Sports branding."
"In recent years, MLB has handled the broadcasts of several other clubs who saw RSN deals collapse. The Padres, Diamondbacks, Rockies, Twins and Guardians were with the league in 2025. In those instances, the league largely kept TV broadcasts the same, retaining most of the personnel. For fans, this arrangement worked better as it did not involve local blackouts. Customers without cable packages could buy streaming packages directly from the league."
Major League Baseball will take over local broadcasts for the Brewers, Marlins, Rays, Royals, Cardinals and Reds in 2026 after those clubs terminated deals with Main Street Sports. Three other clubs from that group — Braves, Tigers and Angels — still need formal broadcast plans for this season. Main Street Sports, formerly Diamond Sports Group and Bally Sports, emerged from bankruptcy late in 2024 as FanDuel Sports after years of RSN erosion from cord cutting and streaming and reportedly missed payments to teams. MLB previously managed broadcasts for several clubs in 2025, expanding streaming access but producing less predictable revenue than RSN guarantees, which has contributed to reduced team payrolls.
Read at MLB Trade Rumors
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