A bankruptcy judge approved Diamond Sports' reorganization plan on Thursday, paving the way for the regional sports networks' owner to exit chapter 11.

After a bankruptcy hearing on November 14, the court approved a leaner and financially viable plan of the Diamond Sports Group, the largest regional sports network.

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