MSG Networks Negotiates $514 Million of Debt Forgiveness

MSG Networks restructures debt to avoid bankruptcy

As part of the agreement with lenders, MSG Networks will reduce the rights fees it pays to carry Knicks and Rangers games

MSG Networks Negotiates $514 Million of Debt Forgiveness

MSG Networks, a subsidiary of Sphere Entertainment Co., was able to negotiate a reduction in debt and the fees it pays to MSG Sports to broadcast professional basketball and hockey games, the company announced Friday (April 25).  Related MSG Networks Gets 1-Week Extension from Lenders as Company Faces Possible Bankruptcy… 03/27/2025 The reg…

Can the Las Vegas Sphere actually make money?

Its parent company just struck a deal to stave off financial problems related to MSG Networks, but a big issue remains: the Sphere’s costs are far outpacing revenue.

Exclusive | MSG Networks nears deal to skirt bankruptcy — potentially clearing path for YES merger: sources

MSG Networks is nearing a deal with its lender JPMorgan that will allow the regional sports channel to avoid bankruptcy -- and potentially pave the way for a merger with the YES Network, The Post has learned.

Knicks, Rangers to See Big Cut in MSG Network Rights Fees

MSG Networks comprises regional sports networks that are part of the publicly traded Sphere Entertainment Co., which is controlled by James Dolan.

Knicks, Rangers Media Rights Cut in $804M MSG Networks Debt Overhaul

The New York Knicks posted a win on the court Thursday night in their first-round playoff series against the Detroit Pistons, but the business took a hit in the ongoing debt restructuring of its broadcaster MSG Networks. The Knicks will receive a 28% reduction in their annual rights fee, as part of the deal between […]