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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Bally Sports Fight Gets Even Nastier: Sinclair Tells Its Bankrupt Diamond Subsidiary, Either Pay Us $140 Million For Our Management Services Or Don't Use Them Anymore

Diamond Sports Group

Diamond Sports Group has accused its estranged corporate parent, Sinclair, of "milking" around $1.5 billion out of the subsidiary via means including an over-priced management services agreement. 

On Monday, in the same jurisdictional setting -- the Houston bankruptcy court overseeing Diamond's troubled restructuring -- Sinclair Broadcast Group responded with a counterclaim. 

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