Chicago Fanatics Message Board
https://mail.chicagofanatics.com/

CSN Houston files for bankruptcy
https://mail.chicagofanatics.com/viewtopic.php?f=156&t=82028
Page 1 of 1

Author:  Curious Hair [ Sat Sep 28, 2013 1:12 pm ]
Post subject:  CSN Houston files for bankruptcy

http://houston.culturemap.com/news/spor ... -cry-foul/

Quote:
In a statement, CSN called it "involuntary bankruptcy protection" that is "necessary to preserve CSN Houston’s ability to provide its valuable programming."

The Astros are just calling it foul, charging that the network owes them months of unpaid rights fees and is simply filing for bankruptcy to prevent the team from pulling the plug on the partnership.

"Comcast has improperly filed an involuntary bankruptcy petition in an attempt to prevent the Astros from terminating the Media Rights Agreement between the Astros and Houston Regional Sports Network," the club said in its own statement. "HRSN failed to pay the Astros media rights fees in July, August and September, and we have invested additional money in order to keep the network viable through our season."

The Astros own 46 percent of CSN, with the Houston Rockets owning 31 percent and NBC Universal holding the other 23 percent. If Jim Crane's Astros terminated its rights relationship, CSN would be in dire straits — and NBC likely would have to decide how many tens of millions it is willing to put in to keep the channel afloat.

Carriage rights issues have plagued CSN from the beginning — with the one-year anniversary of its first broadcast approaching on Oct. 1, the network is available in only about 40 percent of Houston households and there's no sign that will change anytime soon.

The bankruptcy proceedings will allow CSN to stay on the air — for at least the near future. While under Chapter 11, a business is given time to reorganize in an attempt to make itself viable.


This is what awaits your Cubs network, Tom Ricketts.

Author:  Seacrest [ Sat Sep 28, 2013 1:22 pm ]
Post subject:  Re: CSN Houston files for bankruptcy

Curious Hair wrote:
http://houston.culturemap.com/news/sports/09-28-13-csn-houston-claims-bankruptcy-to-avoid-being-terminated-and-the-enraged-astros-cry-foul/

Quote:
In a statement, CSN called it "involuntary bankruptcy protection" that is "necessary to preserve CSN Houston’s ability to provide its valuable programming."

The Astros are just calling it foul, charging that the network owes them months of unpaid rights fees and is simply filing for bankruptcy to prevent the team from pulling the plug on the partnership.

"Comcast has improperly filed an involuntary bankruptcy petition in an attempt to prevent the Astros from terminating the Media Rights Agreement between the Astros and Houston Regional Sports Network," the club said in its own statement. "HRSN failed to pay the Astros media rights fees in July, August and September, and we have invested additional money in order to keep the network viable through our season."

The Astros own 46 percent of CSN, with the Houston Rockets owning 31 percent and NBC Universal holding the other 23 percent. If Jim Crane's Astros terminated its rights relationship, CSN would be in dire straits — and NBC likely would have to decide how many tens of millions it is willing to put in to keep the channel afloat.

Carriage rights issues have plagued CSN from the beginning — with the one-year anniversary of its first broadcast approaching on Oct. 1, the network is available in only about 40 percent of Houston households and there's no sign that will change anytime soon.

The bankruptcy proceedings will allow CSN to stay on the air — for at least the near future. While under Chapter 11, a business is given time to reorganize in an attempt to make itself viable.


This is what awaits your Cubs network, Tom Ricketts.


They had a game draw a 0.0 rating the other night.

Can you even charge advertisers for that?

Author:  sjboyd0137 [ Sat Sep 28, 2013 1:29 pm ]
Post subject:  Re: CSN Houston files for bankruptcy

I was reading on Deadspin that CSN Houston is available in barely 40% of the Houston market.

Author:  Curious Hair [ Sat Sep 28, 2013 1:35 pm ]
Post subject:  Re: CSN Houston files for bankruptcy

Yeah, that's kinda what happens when non-Comcast cable providers tell you to stick your bloated carriage fee up your ass. Subscribers actually wrote to their providers asking them not to carry CSN Houston. And this is in a market where a percentage of the population doesn't obsessively hate a local baseball team!

Author:  Douchebag [ Sun Sep 29, 2013 9:13 am ]
Post subject:  Re: CSN Houston files for bankruptcy

If the Astros own a majority share of CSN Houston, aren't they just paying themselves to broadcast games? How can they go bankrupt when the Astros are the most profitable team in baseball?

Author:  Curious Hair [ Sun Sep 29, 2013 11:20 am ]
Post subject:  Re: CSN Houston files for bankruptcy

It is pretty silly when you think about it. Guess they'll just have to go crawling back to Fox Sports Net.

Author:  Curious Hair [ Wed Oct 23, 2013 12:21 am ]
Post subject:  Re: CSN Houston files for bankruptcy

http://blog.chron.com/ultimaterockets/2 ... ankruptcy/

The plot thickens! Evidently, the Astros wanted to bail out of CSN Houston altogether, presumably to go back to Fox Sports, while the Rockets want to hold the channel in bankruptcy protection because the Astros pulling out would cause the channel to fold and leave the Rockets TV-homeless. A fine mess. Let's not have it here.

Page 1 of 1 All times are UTC - 6 hours [ DST ]
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/