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Diamond Sports activities, the mother or father firm of Bally Sports activities Regional Networks, filed for Chapter 11 chapter safety on Tuesday.
The corporate acknowledged that its 19 regional sports activities channels will proceed to function because it negotiates with collectors to cut back its debt by an anticipated $8 billion.
There was a risk for Diamond to drop underperforming RSNs, although that not seems to be the case.
Diamond currently has a streaming contract with 16 NBA teams, together with the Hawks, Warmth, Mavs, Clippers, Bucks, and Suns.
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