Msg Networks Could Reportedly Strike Deal with Amazon to Avoid Bankruptcy

[Voight]

https://awfulannouncing.com/local-networks/msg-networks-amazon-deal-avoid-bankruptcy.html

 

[Tawnos]

I saw that yesterday. Feels very much like typical financial maneuverings, since Dolan can clearly afford to keep them out of bankruptcy himself. MSG Networks was spun off to its own company about 10 years ago. Their streaming launch has been absolutely awful, but there's no real threat of MSGN going under or anything.

One thing that can't help is that they clearly overpay for Islanders and Devils broadcasting rights in order to keep them off of competitors.

 

[Beerz]

Supposedly Pegula is negotiating with NESN for TV rights of the Sabres... wonder if that is because of MSG issues

 

[Takuto Maruki]

One thing that can't help is that they clearly overpay for Islanders and Devils broadcasting rights in order to keep them off of competitors.

Realistically though, who would actually want them considering the markets involved?

 

[Tawnos]

Realistically though, who would actually want them considering the markets involved?

There are two other sports networks in the area who would probably be into getting more market share. YES Network (Yankees and Nets) and SNY (Mets).

 

[aqib]

Since the Garden itself is under a different corporate entity than the Knicks and Rangers how does the lease between the two work?