Diamond Sports Group, an unconsolidated subsidiary of Sinclair Broadcast Group, announced that its Board of Managers has appointed David Preschlack as Diamond’s Chief Executive Officer.
Mr. Preschlack has been a member of Diamond’s Board of Managers since May of 2022 and most recently served as President of NBC Sports Regional Networks & Executive Vice President of Content Strategy for the NBC Sports Group.
Mr. Preschlack has more than 25 years of sports marketing experience at NBC, Disney, and ESPN, and possesses deep knowledge of the challenges and opportunities facing the regional sports network landscape.
“David is the ideal person to lead Diamond at this critical point in its development. David possesses a unique combination of deep sports broadcasting expertise, sound business judgment, and a track record of successfully managing relationships with major sports leagues and multichannel video programming distributors that will be invaluable as we work to realize the full potential of DSG’s Bally Sports Networks,” Randy Freer, Chairman of DSG’s Board of Managers, said.
“Diamond is uniquely situated to create a differentiated and truly integrated regional sports offering that puts fans first by delivering live local sports in an immersive engagement environment, and I am honored to step into the role of CEO at this important moment. My focus over the next few months will be on fostering and strengthening the relationships with our league partners and addressing the Company’s legacy financial issues, including strengthening our balance sheet, so that we can position Diamond to drive long-term, sustainable value for our stakeholders. I look forward to working closely with my talented and dedicated colleagues to make our vision for the future a reality,” Mr. Preschlack said.
“DSG has achieved significant milestones over the past three years, including an intricate transition from Disney and Fox, a complete rebrand of the networks and the launch of a ground-breaking direct-to-consumer sports platform. Consistent with the financing completed in March of this year and the company’s deconsolidation, DSG will establish its independence moving forward under David’s leadership. The management services provided by Sinclair to DSG are not impacted by this change. We look forward to our continued partnership with David and the rest of the Diamond team as the company pursues its transformation of the sports media business,” said Chris Ripley, CEO of Sinclair and member of DSG’s Board of Managers.
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