A federal judge in U.S. Bankruptcy Court has approved a reorganization plan for Diamond Sports Group, the owner of the recently rebranded national FanDuel Sport

A bankruptcy judge approved a reorganization plan to eliminate some $8 billion in debt after the regional-sports programmer revamped broadcast deals with dozens of professional teams.

A U.S. court approved Diamond Sports Group's reorganization plan. What does this mean for Nashville Predators fans watching on FanDuel Sports Network?

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

Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved.

Diamond Sports Group, the largest regional sports network operator in the United States, received approval to emerge from bankruptcy Thursday, the 20-month anniversary of it filing for Chapter 11.

Diamond Sports Group's restructuring plan was approved Thursday by a Texas judge, clearing the way for the company to exit bankruptcy after a 20-month process. Why it matters: Diamond's ability to get out of bankruptcy gives the beleaguered regional sports network business a lifeline.