Comcast Spat Threatens Diamond Restructuring, Sports Leagues Say [BNN Bloomberg (Canada)]
Amazon.com, Inc. (AMZN)
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Source: BNN Bloomberg
The dispute with Comcast is harming its teams, their fans and jeopardizing Diamond's plan to restructure and exit bankruptcy later this year, MLB lawyer James Bromley said Wednesday during a court hearing. MLB's concerns were echoed by attorneys for the National Basketball Association and National Hockey League who warned Diamond that the dispute must be resolved soon in order to keep those leagues' support for its proposed restructuring deal. Diamond has been “an undependable partner” and the dispute with Comcast has been harmful to MLB and Comcast subscribers who are now unable to watch games, Bromley said. MLB could be forced to set up alternative broadcast options for Comcast subscribers if the dispute isn't resolved soon, Bromley said. Last year, the league made similar accommodations to broadcast Arizona Diamondbacks and San Diego Padres games after Diamond dropped those teams. Comcast said in a statement last month that the company has “been flexible” with Diamond but
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