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 will be able to reduce its debt load to $200 million. Certain creditors will hold equity in the company post-bankruptcy. This article, Diamond Sports wins bankruptcy court approval for reorganization plan,

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