Longer story from the HouChron about the Comcast SportsNet Houston dispute I touched on yesterday.
As best as I can tell, here’s the deal:
- CSN Houston is run by a four member board. Two members represent Comcast/NBCU, one represents the Astros, and one represents the Houston Rockets (who are also carried on CSN Houston).
- The board has to agree unanimously on any carriage agreement or retransmission deal.
- The board doesn’t agree.
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- As long as the board doesn’t agree, they can’t make carriage agreements.
- Or, apparently, pay their bills. CSN Houston admits they owe the Astros three months of broadcast fees.
- Thus, the involuntary Chapter 11 petition.