00:00It's Benzinga, and here's what's on the block.
00:02Diamond Sports, the owner of Bally Sports-branded Regional Networks, announced plans to drop
00:07all 11 MLB teams from its channels except the Atlanta Braves.
00:11The company is in bankruptcy and has been renegotiating contracts with the teams.
00:16Diamond's financial struggles stem from declining subscribers due to cord-cutting and debt.
00:21Diamond's attorney stated that negotiations with MLB's commissioner's office have ended,
00:25though talks with individual clubs continue.
00:28Diamond remains committed to honoring NBA and NHL contracts through the end of the season.
00:32For all things money, visit Benzinga.com.
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