When Diamond entered bankruptcy, it had the rights to 42 professional teams (14 baseball, 16 NBA, and 12 NHL). The reorganized company has 27 franchises (six baseball, 13 NBA, and eight NHL).

A bankruptcy judge approved Diamond Sports' reorganization plan on Thursday, paving the way for the regional sports networks' owner to exit chapter 11.

A judge approved the company’s plan, which includes a streaming deal that will allow fans in certain markets to circumvent a cable package.