Exclusive | MSG Networks in talks to avoid bankruptcy - possibly with help of Amazon: sources
Briefly

from New York Post3 days ago
MSG Networks, facing bankruptcy due to a massive debt of $829 million, is reportedly negotiating a potential partnership with Amazon for financial relief. This comes amid a blackout of services for about a million New York-area subscribers due to a dispute with Optimum. The sports channel, under billionaire James Dolan, recently defaulted on its loans. Lenders, led by JPMorgan, have extended payment deadlines, and now the goal is a deal that may involve selling a stake to an external investor, while maintaining Dolan's ownership of the Knicks and Rangers.
MSG Networks is in talks to restructure its debt and avoid bankruptcy, potentially partnering with Amazon as an investor to help refinance and continue operations.
New York Posthttps://nypost.com/2025/01/31/media/msg-networks-in-talks-to-avoid-bankruptcy-possibly-with-help-of-amazon-sources/
Insiders speculate a deal with Amazon could provide MSG Networks with necessary cash to overcome its debt issues and improve its carriage dispute with Optimum.
New York Posthttps://nypost.com/2025/01/31/media/msg-networks-in-talks-to-avoid-bankruptcy-possibly-with-help-of-amazon-sources/
Read at New York Post
#sports #finance #bankruptcy #media-partners #msg-networks
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