US EditionMSG Reaches Deal to Avoid Bankruptcy and Could Merge with YES Network
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MSG Reaches Deal to Avoid Bankruptcy and Could Merge with YES Network
MSG Network has reached a deal with JPMorgan to avoid bankruptcy. The deal lowered the Regional Sports Network’s loan with JPMorgan from over $800 million to $210 million. MSGN, which covers Knicks, Rangers, Islanders, Devils, Sabres, and Gotham FC, were reported to be meeting yesterday, ahead of a deadline of Monday at midnight, with an extension giving them until Thursday to make a deal to avoid bankruptcy. Source: MSG Reaches Deal to Avoid Ba…
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