Beyond Bankruptcy

The Houston Rockets basketball team is trying to persuade two major cable providers to begin broadcasting the struggling Comcast SportsNet Houston television channel, which now shows basketball games and Houston Astros games to less than half of the region’s households. Read the Daily Bankruptcy Review article via The Wall Street Journal.

According to The Wall Street Journal, Centerbridge Partners LP reached a tentative deal to buy LightSquared out of Chapter 11, possibly trumping a bid by Dish Network Corp.

A judge Tuesday allowed LightSquared to move forward with its lawsuit against Dish Network Corp. and Chairman Charlie Ergen over his purchases of LightSquared debt before Dish’s bid for the wireless satellite company’s assets. The Daily Bankruptcy Review article is available via The Wall Street Journal

Lehman Brothers Holdings Inc.’s estate wants to sell its 20% stake in hedge fund D.E. Shaw Group, The Wall Street Journal reports.