Menu
Media

Astros Accuse CSN Houston Of Using Bankruptcy To Cheat Team Out Of Revenue

Comcast and the Astros yesterday "traded tartly worded legal documents in their struggle over the future" of CSN Houston, with "less than two weeks to go before an Oct. 28 court hearing that could decide the fate of the network and its 130 employees," according to David Barron of the HOUSTON CHRONICLE. The Astros "accused Comcast of using bankruptcy court as a 'smoke screen' for plans to cheat the ballclub out of its share in Houston Regional Sports Network, the Astros-Rockets-Comcast partnership that owns CSN Houston." Meanwhile, four Comcast-affiliated companies said that if Judge Marvin Isgur "dismisses the bankruptcy case, the network faces 'near-term, fire-sale liquidation.'" Comcast attorneys wrote, "If this bankruptcy case goes forward, the business can survive. If the case is dismissed, it will not." Comcast added of the Astros possibly being allowed to shop their games to another carrier, "At best, the network’s remaining assets would be sold in a fire sale. All of its 130 employees will lose their jobs." Meanwhile, Barron reported the Astros' argument "in favor of dismissing the case includes a couple of revelations." In one case, it states the Rockets and Astros "have the right as of the network’s first anniversary, which was Oct. 1, to force Comcast to accept carriage agreements." The Astros said that Comcast "does not have that right and is making an improper bid to expand its authority." They added that the team and Comcast "agreed in May to make capital contributions to the network, payable in three installments." But Comcast "refused to make its third contribution unless all three partners agreed, and the Rockets 'elected to secure an appraisal of the network prior to making a funding decision'" (CHRON.com, 10/15).

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ Morning Buzzcast: May 7, 2024

The PWHL playoffs set to begin after record-breaking inaugural season; Smith Entertainment Group announces plans for Utah hockey franchise HQ; new title sponsors for the PGA Tour event in Charlotte and college football bowl game in Arizona.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/10/16/Media/CSN-Houston.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/10/16/Media/CSN-Houston.aspx

CLOSE