May 09, 2024
The parent company of sports network operator Bally Sports has asked a Texas bankruptcy judge to approve renewed multiyear contracts with DirecTV, saying the revenue from the deal is a "critical component" of its post-Chapter 11 business plan.
May 02, 2024
A carriage dispute between Bally Sports and Comcast has thrown a wrinkle into Diamond Sports Group's Chapter 11 case, knocking its regional sports networks off the air with less than 45 days until its plan confirmation hearing.
April 22, 2024
The American Bankruptcy Institute held its annual spring meeting last week, where a task force on Subchapter V presented its report and recommendations on small-business bankruptcy filings, and clothing retailer Express Inc. landed in Chapter 11 with more than $1 billion in debt.
April 17, 2024
A Texas bankruptcy judge on Wednesday signed off on the latest Chapter 11 disclosure statement of Bally Sports Network parent Diamond Sports after the debtor brought it forward without objection, making way for the sports broadcaster to solicit its creditors' approval of a plan to slash $8 billion in debt.
April 11, 2024
Three major U.S. professional sports leagues, whose games are broadcast by Bally Sports Network parent company Diamond Sports Group, criticized the company's Chapter 11 restructuring plan, saying it fails to provide information about the debtor's go-forward operating business plan and any ongoing business agreements with distributors.
February 26, 2024
A Houston bankruptcy judge on Monday approved a $495 million settlement and a $450 million debtor-in-possession financing package for Bally Sports Network's parent company, loading the bases for the broadcaster to file a Chapter 11 plan in the coming weeks.
February 09, 2024
A Texas bankruptcy judge Friday told the owner of Bally Sports Network it can modify its broadcast deals with three Major League Baseball teams, but held off approving a resolution to its remaining disputes with MLB to give unsecured creditors time for a look at the deal.
February 02, 2024
Bally Sports Network will broadcast the upcoming major league baseball season for The Cleveland Guardians, The Texas Rangers and The Minnesota Twins, its parent company told a Texas bankruptcy court Friday, with the renegotiated telecasting deals coming weeks after it announced a plan to emerge from bankruptcy.
January 17, 2024
Bally Sports Network parent Diamond Sports Group LLC said Wednesday it has reached a "comprehensive" deal for a debt-for-equity Chapter 11 restructuring plan, a $495 million settlement with its own parent company, and a future streaming partnership with Amazon.
January 12, 2024
DirecTV told a Texas bankruptcy judge that Bally Sports Network parent Diamond Sports Group's effort to force the satellite television provider to resume contractual payments for the broadcast of Major League Baseball games is a "desperate attempt" to improve its cash flow under its Chapter 11 case.