Last week, Bally Sports Parent Company asked the judge overseeing its bankruptcy for permission not to pay the Arizona Coyotes contract. This will allow Bally Sports to end its TV contract with the company. This comes as Diamond Sports Group, the parent company of Bally Sports, says it would like to shut down the Bally Sports Arizona RSN after it lost rights to most of the sports teams on that channel.
Now today, Bally Sports announced that Bally Sports Arizona will be shutting down.
This comes as Bally Sports has already lost TV rights to the first major NBA team, the Suns, which cut ties with Bally Sports and is now going to make their games free over the air thanks to a partnership with Gray Television. Not only will the games be free over the air, but they will also be streamed to viewers in the market on the new Suns Live streaming service. With this deal starting this month, fans of the Phoenix Suns and the WNBA Phoenix Mercury will be able to watch the games for free over the air on KTVK and KPHE. With the expansion of KPHE, the Suns will now be free to watch over the air in all three of Arizona’s TV markets.
Bally Sports also dropped the Arizona Diamondback TV contract over the summer. This leaves Bally Sports Arizona with just the Coyotes as the only professional sports TV it has TV rights for at this time. Without the Suns, Mercury, and Diamondbacks, Bally Sports may see its Bally Sports Arizona channel as an unprofitable TV stations. Dropping the Coyotes TV contract may be more profitable than trying to keep the channel running.
For Bally Sports, this move will help it save a lot of money and help it focus its remaining cash on other more profitable channels.