Mark Walter attempts to exit Lakers' Spectrum SportsNet broadcast deal

Mark Walter, the majority owner of the Los Angeles Lakers, sought to terminate the team's broadcasting agreement with Spectrum SportsNet, which is valued at $3 billion. This move comes as Walter prepares to sell his stake to Josh Kushner and Bob Iger, amid ongoing concerns about his liquidity. Walter reportedly engaged in discussions with Charter Communications for an early exit from the contract, but those talks were unsuccessful. His stake sale was agreed upon at a record valuation of $12.5 billion, and the impact of the transfer on the broadcasting situation remains unclear. Jeanie Buss, however, is contesting the sale of the remaining shares held by the Buss family.

• 8:08 PMYahoo Sports — Report: Mark Walter tried to get Lakers out of Spectrum SportsNet deal