After a bankruptcy hearing on November 14, the court approved a leaner and financially viable plan of the Diamond Sports Group, the largest regional sports network.

When Diamond entered bankruptcy, it had the rights to 42 professional teams (14 baseball, 16 NBA, and 12 NHL). The reorganized company has 27 franchises (six baseball, 13 NBA, and eight NHL).

Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved Thursday.