David Preschlack, a former NBC Sports executive who oversaw its regional sports networks and previously had a 20-year run at Disney and ESPN, has been named CEO of the financially challenged Diamond Sports Group.
A subsidiary of Sinclair Broadcast Group, which led the purchase of the formerly Fox-branded RSNs now operated under the Bally’s name, Diamond has faced a grueling couple of years amid cord-cutting and Covid.
The sports outfit, which owns and operates 19 RSNs along with a joint venture with the Chicago Cubs in Marquee and a minority interest in the YES Network, recently took a non-cash impairment charge of $1 billion in the third quarter.
In that same period, on September 26, it launched the Bally Sports+ subscription streaming offering nationwide, aiming for the $20-a-month service to help offset the secular decline of pay-TV subscribers.
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