While negotiations are continuing, there is little sign of a quick resolution.
1 media market and perhaps even the NBA itself.
This is a pure and simple price gouge from Altice.
Karl-Anthony Towns of the New York Knicks in a November 2024 game at Madison Square GardenJim McIsaac/Getty Images
Such a development could redraw the map of the Dolan family and potentially even the NBA.
MSG Networks is one of several entities controlled by the Dolan family.
The company, which launched the Optimum brand, was sold to Altice in 2016 for $17.7 billion.
Bankruptcy, asthe messy case of Diamond Sports Grouphas vividly demonstrated, brings a host of uncertainties.
Such a result would be a positive/clean outcome for Sphere shareholders going forward.
Brandon Ross of Lightshed, a research and investment firm, also sees some upside to a bankruptcy.
The NBA has looked at centralizing local OTT rights, he wrote.
The biggest impediment to that is the deals from some large market teams, especially the Knicks and Lakers.
Perhaps a MSG Networks bankruptcy could catalyze those ambitions.
