MSG Networks, the embattled cable TV station that airs New York Knicks and Rangers games, is in talks to reach a deal to avoid bankruptcy as soon as Friday.
MSG Networks, the embattled cable TV station that airs New York Knicks and Rangers games, is in talks to reach a deal to avoid bankruptcy as soon as Friday — and insiders speculate that help could be coming from a deep-pocketed media player like Amazon, The Post has learned.
Chatter is now circulating that one possible solution would be to partner with Amazon, whose Prime video service already has a deal with Diamond Sports, the nation’s largest operator of so-called RSNs, or regional sports networks, to broadcast games for pro sports teams nationwide. Sphere shares were down 3% in after-hours trading Friday on the possibility that bankruptcy could be averted.
“A full drop would ultimately bankrupt MSG Networks,” media analyst Brandon Ross of LightShed Partners wrote earlier this month in a report.
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