Story says most employees will simply slide over to new company. Also talks about the issues the new RSN is going to have:
https://chicago.suntimes.com/sports-media/2024/04/16/chicago-white-sox-bulls-blackhawks-stadium-nbc-sports-chicago-jerry-reinsdorf-diamond-sports-group-bally-sinclair-comcast-directv
Stadium’s biggest challenge in its efforts to convert to a regional sports network will be gaining carriage on providers such as Comcast and DirecTV. Stadium will know what it’s up against when Diamond Sports Group, which owns the Bally Sports-branded RSNs and is working through bankruptcy court, settles on distribution deals with those carriers. Talks are ongoing.
Comcast and DirecTV could place Diamond’s costly channels on a higher programming tier, which Comcast recently did with Mid-Atlantic Sports Network (MASN), home of MLB’s Orioles and Nationals. Such placement would limit Stadium’s penetration in the market.