Diamond Sports Group, which runs the Bally Sports regional sports networks, said that the agreement the NBA’s Phoenix Suns announced today to have games broadcast on TV stations owned by Gray Television breaches its contract with the team and violates bankruptcy law.
A subsidiary of Sinclair Broadcast Group, Diamond filed for bankruptcy protection in March. Regional sports networks are under pressure because cord cutting is eroding subscriber revenue and reducing the number of eyeballs watching games via pay TV.
