Diamond Sports' TV Deals with MLB Teams Approved Amid Bankruptcy Proceedings

A U.S. bankruptcy judge has approved new TV broadcasting arrangements for the Texas Rangers, Cleveland Guardians, and Minnesota Twins for the 2024 MLB season.

U.S. Bankruptcy Judge Christopher Lopez approved new TV deals for the Texas Rangers, Cleveland Guardians, and Minnesota Twins, ensuring broadcasts through the 2024 MLB season.
The deals are part of Diamond Sports Group's efforts to emerge from Chapter 11 bankruptcy, providing a bridge year for the teams and their fans.
No new in-market streaming options will be available for 2024, maintaining the status quo for fans within the teams' television markets.
The arrangements include reduced rights fees for the teams, with specifics kept confidential under court seal.
MLB Commissioner Rob Manfred highlighted the current revenue challenges and the league's efforts to explore new revenue opportunities for teams.