Bally Sports networks file for Chapter 11 bankruptcy

Diamond Sports Holdings, which operates a number of regional sports channels under the Bally Sports name, filed for Chapter 11 bankruptcy protection on Tuesday, just two weeks before the start of the Major League Baseball season.

Bally Sports has the rights to televise 14 MLB teams: Arizona Diamondbacks, Atlanta Braves, Cincinnati Reds, Cleveland Guardians, Detroit Tigers, Kansas City Royals, Los Angeles Angels, Miami Ma