The parent company of AT&T SportsNet Southwest, which broadcasts Astros and Rockets games, is planning to leave the regional sports network business.
Karen Warren/Houston ChronicleFor the second time in a decade, the regional sports network that carries Astros and Rockets games is on the verge of financial collapse.
Warner Bros. Discovery, parent company of AT&T SportsNet Southwest, informed both teams by letter Friday that it plans to exit the RSN business and wants to negotiate with the teams to assume responsibility for broadcasting and distributing their games.
Despite the dire nature of the network’s impending collapse, fans will not lose access to their local teams’ games, because the Astros and Rockets have contracts to have their games telecast on DirecTV, AT&T and Comcast’s Xfinity cable service through 2032.
The main question as the Astros prepare for their season opener and the NBA season wraps up, then, is not whether the games will be available on DirecTV, AT&T and Xfinity but on which channel the games will air and who will pay production costs for telecasting the games.
Spokespeople for the Astros and Rockets declined comment regarding the letters, the receipt of which were first reported by The Wall Street Journal and Sports Business Daily.
According to the Journal, the letter to the teams sent by Patrick Crumb, who oversees the AT&T SportsNet channels, said that they “will not have sufficient cash to pay the upcoming rights fees” and that unless it can transfer ownership of the network by March 31, “the only realistic option is to file for Chapter 7 liquidation.”
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February 26, 2023 at 01:38AM
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Astros, Rockets facing questions again on regional network's future - Houston Chronicle
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