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Uncut Gem

Diamond Sports Group has emerged from bankruptcy reborn, renamed, and with Norby (!!)—but is it all too little, too late? Plus, news and notes on Liberty and Peacock.

Norby Williamson
C.E.O. David Preschlack has made his splashiest hire, convincing his old friend Norby Williamson to come aboard and run production and programming for the reborn group of regional sports networks. Photo: Marc Bryan-Brown/Getty Images
John Ourand
January 10, 2025

This week’s most fascinating personnel news, which once again reinforced the international growth potential of the sports media business, seemed to be John Malone’s anointment of Derek Chang as the C.E.O. and president of Liberty Media. Chang, a former NBA and DirecTV executive, most recently ran EverPass Media, the joint venture between the NFL and RedBird Capital. Now, he’ll be growing Formula One and MotoGP for the insatiable and ageless Malone. (Liberty owns F1, and its purchase of MotoGP should close by summer.) Among the items on Chang’s to-do list will be cutting a new deal for Formula One’s U.S. media rights, as its current ESPN deal expires after this year.