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Chicago Sun-Times
Chicago Sun-Times
National
Joe Reedy | Associated Press

Bally Sports networks’ owner files for bankruptcy

Bally Sports Diamond Diamond Sports Diamond Sports Group Cubs NBA White Sox Baseball Sinclair Broadcast Group
Bally Sports owner Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection Tuesday. (Jeff Roberson/AP)

Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month.

Diamond owns 19 networks under the Bally Sports banner. Those networks have the rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL.

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