Diamond Sports Group, operator of the largest string ofregional sports networksin the U.S., has filed forChapter 11bankruptcyprotection.
The move, announced Tuesday night by the subsidiary ofSinclair Broadcast Group, had been expected for several weeks.
Sinclair emerged as the leader of the winning bid for the RSNs formerly run by Fox.
Milwaukee Bucks, San Diego Padres and Tampa Bay Lightning games air on Bally Sports networksGetty Images
(Regulators said it would create a monopoly given Disneys ownership of ESPN.)
Backers of Sinclairs $10.6 billion bid included private equity firms and media executive Byron Allen.
