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DirecTV AT&T Could Own Houston Sports Network under Bankruptcy Plan

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DirecTV and AT&T Inc. would jointly own a Houston sports network under a plan to end the network's bankruptcy, although current part-owner Comcast Corp. warned it may challenge the proposal, Reuters reported yesterday. The Houston Regional Sports Network, which operates as Comcast Sportsnet Houston, broadcasts the games of the Houston Astros baseball and Houston Rockets basketball teams. DirecTV Sports Networks would own 60 percent of Houston Regional Sports Network and AT&T would own 40 percent, according to court documents filed on Wednesday. The plan must be put to a vote of creditors and approved by the U.S. Bankruptcy Judge Marvin Isgur.