With its July 29 bankruptcy hearing rapidly approaching, Diamond Sports appears to be warming to Comcast’s demands that its regional sports networks immediately migrate to a digital tier—the dreaded cliff path that led to Diamond’s Bally Sports R.S.N.s going dark on Comcast’s Xfinity systems some two and a half months ago. The good news, however, is that Diamond C.E.O. David Preschlack and Comcast’s Greg Rigdon actually are talking, which could be a headline in itself considering that Bally Sports’ R.S.N.s have been off Comcast’s systems since the beginning of May. I’m told that the two have engaged in meaningful negotiations that suggests a deal could be completed by that bankruptcy hearing, which is when Diamond has to convince the court that it has a viable plan to resuscitate the business.
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