The Diamondbacks and Bally Sports are negotiating to keep the current TV broadcast rights deal in place, as Bally's parent company goes through Chapter 11 bankruptcy.
Diamond Sports, which owns 19 regional sports networks under the Bally Sports banner and is currently in Chapter 11 bankruptcy proceedings, asked a federal judge last week to get out of its broadcast agreement with the Diamondbacks.
But before the hearing, which was scheduled for Wednesday, the CEO of Diamond Sports and the CEO of the Diamondbacks issued a joint statement Tuesday evening that said both sides are still trying to make the current arrangement work. “Diamond Sports Group and the Arizona Diamondbacks have decided to postpone [Wednesday's] hearing due to ongoing and positive discussions toward finding a solution,” the statement read.
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