Diamond Sports Group Emerges from Bankruptcy, Retains Key Sports Broadcast Rights

A federal judge has approved Diamond Sports Group's reorganization, allowing it to continue broadcasting for select MLB, NBA, and NHL teams.

Diamond Sports Group's reorganization plan reduces its debt from $9 billion to $200 million, positioning it for financial stability.
The company retains broadcasting rights for 27 teams across MLB, NBA, and NHL, including six MLB teams like the Braves and Cardinals.
MLB will take over broadcasts for the Cincinnati Reds and six other teams, expanding their market reach and eliminating blackout restrictions.
Fans can expect streaming options through FanDuel Sports Network and Amazon Prime Video, with varying costs based on location.
MLB aims to consolidate broadcasting rights for more teams by 2028, potentially partnering with major streaming platforms.