Diamond Sports rescued from bankruptcy by Amazon

(AP) — Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.

Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11 NHL.

Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of T…