Sinclair Broadcast Group Inc.’s regional sports business and its creditors are preparing for a possible restructuring of its roughly $8 billion debt load, a sign of the pressure on the sports industry from Covid-19, according to people familiar with the matter. Diamond Sports Group LLC’s bondholders have hired legal and financial advisers as the Sinclair subsidiary deals with the dearth of live sports during the coronavirus pandemic and the loss of some carriage deals with pay-TV distributors, people familiar with the matter...

Source: Wall Street Journal October 20, 2020 23:03 UTC