All posts tagged: Sinclair

Amazon to Buy Stake in Diamond Sports, Sinclair in Legal Settlement

Amazon to Buy Stake in Diamond Sports, Sinclair in Legal Settlement

Diamond Sports Group, the largest U.S. operator of regional sports networks (RSNs), on Wednesday unveiled a so-called restructuring support agreement (RSA) with creditors, saying that it “provides a framework for a reorganization plan that would enable Diamond to emerge from bankruptcy as a going concern and continue its operations.” Under the framework, Amazon will make a minority investment in the company, details of which weren’t immediately disclosed, and become its streaming partner, while TV station giant and Diamond parent Sinclair will make a $495 million cash payment to the firm to settle litigation. The RSA also includes the promise from certain debt holders to provide $450 million in financing to support Diamond’s operations as it finalizes a reorganization plan to emerge from Chapter 11 bankruptcy and to repay $350 million of existing debt.  Diamond operates 19 RSNs under the Bally Sports brand name, with games from more than half of all MLB, NBA and NHL teams. The agreement in principle with Sinclair is designed “to settle the pending litigation between the companies and the other …

In ‘How to Say Babylon,’ Safiya Sinclair Reckons With Her Past

In ‘How to Say Babylon,’ Safiya Sinclair Reckons With Her Past

“Out here I spent my early childhood in a wild state of happiness,” the Jamaican poet Safiya Sinclair writes of growing up by the water, “stretched out under the almond trees fed by brine, relishing every fish eye like precious candy, my toes dipped in the sea’s milky lapping.” Born, in her words, “just beyond the margins of the postcard idea of Jamaica,” Sinclair has been publishing poetry about her island since she was 16. Her 2011 chapbook, Catacombs, and her 2016 poetry collection, Cannibal, deploy vivid descriptions of Jamaica’s lush terrain and native wildlife, to haunting effect. Now her new memoir animates the same land while excavating the past in prose. How to Say Babylon paints idyllic images of youthful freedom stifled too soon: When Sinclair was 5, her strict Rastafari father moved their family away from the sea—and the maternal relatives—that nourished them. The memoir chronicles Sinclair’s attempts to break free from his control—a rebellion emboldened by the seaside she first called home and by the poetry that forged her a path beyond …