In recent days, the new super sports streaming service from Disney/Fox/WBD has raised some old and potentially upsetting questions about the financial future of local broadcasting and the way deals with streaming services are negotiated.
In the wake of the announcement, station group stocks fell on Wall Street as investors seemed to be betting that the ESPN, Fox and Warner Bros Discovery joint venture would accelerate the decline of the pay TV industry and that the new streaming service would reduce retransmission revenues for local broadcasters.
