But we do know. It is because people got tired of paying for something they don't watch.Of course the current model is failing. But, why are they going bankrupt? Stupid contracts with the sports teams where they overpaid? Decrease in ad revenue? Poor management? A need to restructure debt? We don't know. There are lots of reasons companies declare bankruptcy and often has little to do with them actually going out of business. That's why I think a streaming service could be their saving grace. Yeah, I know that, we hear that at lot of the streaming services are not making money. Sports is different. People who watch sports usually watch games live, meaning they don't skip ads (sure not everyone watches that way, but with the proliferation of gambling, people want to watch live or as close to it as possible). Fans of teams will generally pay what it takes to watch those games if they are fans. So it's possible it become a great monthly revenue stream. The problem is that they are currently tied in with cable and sat providers who might not want that competition. So that's going to be sticky how they get out of that.