Greg Maffei told analysts the media group will pivot if Diamond Sports, the holding company for the regional sports networks, stops payments for regional broadcasts, which he doesn't expect.
CEO Greg Maffei is addressing the impact of struggles for regional sport networks on Major League Baseball teams, including his Atlanta Braves, which depend on local TV rights for a large share of revenues.
On an analyst call, Maffei said the Braves receive payments from regional sports network owner Diamond Sports Group, the Sinclair-affiliated parent company behind Bally Sports that recently filed for Chapter 11 bankruptcy, and the impact that has had on the value of the local Major League Baseball sports rights.
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