Regional sports broadcaster Diamond Sports Group received court approval on Thursday for a bankruptcy restructuring that will rebrand its TV channels, trim nearly $9 billion in debt, and renegotiate broadcast contracts with six Major League Baseball teams.

Diamond Sports Group has won court approval of its bankruptcy plan,  a move that will end the regional sports network company’s ownership by Hunt Valley-based Sinclair Inc. and usher in an

A judge approved the company’s plan, which includes a streaming deal that will allow fans in certain markets to circumvent a cable package.