It sounds like hope that the pro sports leagues would acquire the Bally Sports nets has faded, and they are likely heading to a fairly imminent bankruptcy.
https://nypost.com/2022/12/18/mlb-nb...works-sources/
That would leave 12 teams without TV deals or at least severely diminished deals. Probably 500-750 million in combined revenue will evaporate when that happens, and there aren't any obvious solutions to recover that revenue that was built on an unsustainable carriage fee model.