MLB, Braves object to Diamond Sports reorganization plan

Major League Baseball and the Atlanta Braves have raised concerns about the reorganization plan and future viability of Diamond Sports Group, the largest owner of regional sports networks in the country. They believe that the current plan may not be sustainable and could lead to financial distress or bankruptcy in the future. MLB and the Braves are seeking more information about the restructuring proposal, particularly regarding a commercial partnership with Amazon and the company’s direct-to-consumer plan. Despite these concerns, the Braves have not completely turned away from Diamond for their regional media rights. Diamond is still in negotiations with other MLB teams and working towards a reorganization plan approval from a U.S. bankruptcy judge.