Why Bally Sports Detroit isn’t going anywhere today, and why it might be around for years to come. It’s a crisis, to be sure. But the sky’s not falling. At least, not yet. That’s the biggest takeaway from the Bally Sports kerfuffle, with the regional-sports network’s parent company, Diamond Sports Group, officially filing for Chapter
Joe Reedy |  Associated Press Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month. Diamond owns 19 networks under the Bally Sports banner, including Bally Sports Detroit. Those networks have the rights to 42