If you’re a Cubs fan who thinks Comcast will feel pressure to add Marquee Sports Network to its lineup as the season approaches, a recent report from Bloomberg’s Gerry Smith should have you thinking otherwise. Unless you’re a Sinclair shareholder, in which case you’ve known for months that things weren’t looking good for the regional sports network market.
Ever since SBGI stock closed at an all-time high of $61.18 on the strength of finalizing the purchase of YES and 21 other FOX RSNs, shares have plummeted to $23.44 as of Thursday.