Diamond Sports Group LLC is owned by Sinclair Broadcast Group, Inc.
Diamond Sports Group LLC operates as an independently-managed and unconsolidated subsidiary under the umbrella of Sinclair Broadcast Group, Inc. This ownership structure means that while Sinclair is the parent entity, Diamond Sports Group manages its day-to-day operations and financial reporting somewhat separately from Sinclair's primary consolidated operations.
Understanding the Ownership Structure
The relationship between Sinclair Broadcast Group and Diamond Sports Group can be summarized as follows:
- Parent Company: Sinclair Broadcast Group, Inc.
- Subsidiary: Diamond Sports Group LLC
This arrangement is common in corporate structures, allowing the subsidiary to focus on its specific business while still being ultimately accountable to the parent company.
What Diamond Sports Group LLC Owns
Diamond Sports Group LLC is a significant player in the sports broadcasting landscape. It is the owner of the Bally Sports Regional Sports Networks (RSNs). These networks are a leading provider of local sports programming across the nation, bringing live games, highlights, and sports-related content directly to fans in various regions.
| Entity | Role/Relationship | Key Assets/Operations |
|---|---|---|
| Sinclair Broadcast Group, Inc. | Parent Company; Owner of Diamond Sports Group | Extensive portfolio of broadcast television stations; diversified media assets |
| Diamond Sports Group LLC | Independently-managed subsidiary of Sinclair | Owns and operates the Bally Sports Regional Sports Networks (RSNs) |
| Bally Sports Regional Sports Networks (RSNs) | Assets owned by Diamond Sports Group | Provider of local sports coverage, including professional team games |
This layered ownership demonstrates Sinclair's strategic investment in the regional sports broadcasting sector through its subsidiary, Diamond Sports Group.
