Two days ago, Diamond Sports Group, the biggest owner of regional sports networks and a well-known subsidiary of Maryland-based Sinclair Broadcast Group, reported that it has filed for Chapter 11 bankruptcy in the Southern District of Texas.

The bankruptcy decision comes after $140 million in interest was unpaid last month.

Continuation of business throughout bankruptcy:

The US-based media and entertainment company, which manages 19 networks under the banner Bally Sports Regional Sports Networks, formerly known as Fox Sports Networks, said: “We h…