For the former Diamond Sports Group, new beginnings call for changes. The current television home of the Cleveland Cavaliers has emerged from bankruptcy after two years of often difficult proceedings.

The regional network operator first entered bankruptcy in March 2023, but has now financially restructured to significantly reduce its debts.

The San Antonio Spurs would be looking for a new local broadcast deal if the bankruptcy court had rejected Diamond Sports’ plan.

After nearly two years of financial turbulence and a high-profile bankruptcy case, Diamond Sports Group ... Read More

Main Street Sports Group announced it's reduced approximately $9 billion of pre-bankruptcy debt to $200 million

Diamond Sports Group announced today that it has completed its financial restructuring and has emerged from Chapter 11 as Main Street Sports Group (“M

SOUTHPORT, Conn. —Diamond Sports Group said it has emerged from Chapter 11 bankuptcy as Main Street Sports Group with a significantly deleveraged balance sheet.

The regional sports network company is emerging from bankruptcy with a new name. The bankruptcy proceedings for Diamond Sports Group have officially ended. The company won near-unanimous approval for its reorganization plan in November,