Bankrupt Broadcaster Diamond Wins New Comcast Sports Deal (1)

Diamond Sports Group cut a deal to distribute its programming on Comcast Corp.’s cable television network, one of a handful of agreements the bankrupt sports broadcaster said it needs in order to revive itself.

The deal, which the two companies announced Monday, can go into effect Aug. 1. Under the agreement, Comcast’s Xfinity customers will have access to Diamond’s 15 regional sports networks.

Diamond has been trying to reorganize while under court protection by rewriting contracts with television providers and professional sports leagues. Those new contracts, including the new deal with Comcast, would be included in a reorganization plan ...