JUPITER, Fla. — The parent company of Cardinals broadcast partner Bally Sports Midwest and numerous other regional sports networks that carry Major League Baseball to millions of fans filed for bankruptcy protection late Tuesday night.
Diamond Sports Group, the largest owner of regional sports networks, announced that it filed for Chapter 11 protection so that it can “eliminate over $8 billion (in) outstanding debt.”
In a statement, the company says it will “continue to operate in the ordinary course” during the bankruptcy and restructuring process, and that its vast catalog of live games, such as the Blues and Cardinals on Bally Sports Midwest, will continue to be broadcast.