MLB and Reds Challenge Diamond Sports' Reorganization Amid New TV Deal

Major League Baseball and the Atlanta Braves have expressed concerns over Diamond Sports Group's reorganization plan, fearing the company may face financial distress again soon. The objections, filed in bankruptcy court, highlight a lack of clarity in Diamond's restructuring proposal and its commercial partnership with Amazon. Diamond, the largest owner of regional sports networks, is seeking court approval for its plan, while MLB and the Braves seek more information. Diamond is also renegotiating contracts with several MLB teams, with some teams opting to have MLB produce their local games.