When Sinclair Broadcast Group rebranded its slate of former Fox regional sports networks to Bally Sports back in November, the move that signaled even bigger plans for the overall broadcast landscape. Sinclair president and CEO Chris Ripley said on a conference call with financial analysts that they were aiming to offer RSNs on a standalone basis in 2021.
That timeline may have been a little aggressive, but apparently not too much so. According to a report in the New York Post, Sinclair is raising $250 million for a new sports streaming service that would operate in markets where it owns broadcast rights.