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Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved

Summary by KIFI
AP Sports Writer Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved. Judge Christopher Lopez gave the go ahead during a hearing in U.S. Bankruptcy Court in Houston. Diamond will emerge out of bankruptcy with significantly less debt, but also less teams and networks. When Diamond entered bankruptcy, it owned 19 networks under the Bally Sports banner and h…
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