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

Diamond Sports Group won court approval of a restructuring plan that hands control of the bankrupt sports broadcaster to lenders and blesses a multi-year agreement to stream games on Amazon.com Inc.’s Prime Video channels.

Diamond Sports Group, the bankrupt operator of regional sports networks, has announced a commercial agreement with the streaming giant Amazon that will allow in-market fans to watch their teams through Prime Video.