Comcast Can Put Houston Sports Network in Bankruptcy
This article is for subscribers only.
Comcast Corp., the biggest U.S. cable operator, won a bid to keep Houston Regional Sports Network LP in bankruptcy over the objections of Major League Baseball’s Astros, whose games are carried on the channel.
The ruling prevents the Astros from terminating its media rights agreement with Comcast. The ball club has argued the current deal with Comcast, which has offered to buy the network, is unprofitable and hurts the team’s long-term prospects.