Diamond Sports activities Group, the biggest proprietor of regional sports activities networks, filed for Chapter 11 chapter safety Tuesday. The transfer got here after it missed a $140 million curiosity fee final month.
Diamond owns 19 networks underneath the Bally Sports activities banner. These networks have the rights to 42 skilled groups — 14 baseball, 16 NBA and 12 NHL. Included amongst these groups are the St. Louis Cardinals, Kansas Metropolis Royals and St. Louis Blues.
The corporate mentioned in a launch Tuesday evening it expects to proceed to function through the chapter course of and that protection of video