[W. Knight]

Moving on to WBD, Houston Astros and Rockets might be aiming for AT&T Sportsnet Southwest:

A decade after losing millions of dollars from the collapse of Comcast SportsNet Houston, the Astros and Rockets are negotiating to get back into the regional sports network business as owners of AT&T SportsNet Southwest.

If negotiations proceed as planned, according to sources with knowledge of the talks, the teams will create a new business entity that will assume ownership of the network from Warner Bros. Discovery.

[...]

The Houston channel, which will get a new name once the Astros and Rockets take ownership, will join team-owned RSNs in several markets, among them New York, Seattle and Boston, that thus far have avoided the worst of the financial woes enveloping Bally Sports and AT&T SportsNet.

Under the proposal, the Rockets and Astros would acquire AT&T SportsNet Southwest and with it the license to telecast their games. The Astros owned 60 percent and the Rockets 40 percent of their previous joint venture before bringing in Comcast as a partner in 2010 for the CSN Houston launch, but it was unclear if those percentages would continue for the new venture.

(Houston Chronicle)

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UPDATE: Bally declares bankruptcy.
www.businesswire.com