Sports
Broadcaster Diamond Delays Reorganization Date as Talks Drag
- Court hearing to end bankruptcy case is canceled, lawyer says
- Company tells judge it is near new sports deal with Comcast
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Diamond Sports Group canceled a court hearing that would have allowed the company to exit bankruptcy because it needs more time to reach deals with Comcast Corp., professional hockey and basketball leagues, a lawyer said in court Wednesday.
In the next few days, the local sports broadcaster will pick a new date to seek final approval of a reorganization plan and will wrap up talks with Comcast, company lawyer Brian S. Hermann told the judge overseeing Diamond’s Chapter 11 case. The company needs to put a tentative Comcast deal into legal documents, Hermann said.