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MSG Networks reduces Knicks, Rangers media rights fees in renegotiations

The article from The Athletic, published on April 25, 2025, discusses the financial challenges faced by Madison Square Garden Sports Corp. (MSG), the parent company of the New York Knicks and New York Rangers, due to the increasing debt associated with their regional sports networks, MSG Networks. The piece highlights how the shift in consumer behavior towards streaming services and away from traditional cable has led to a decline in subscribers, thereby affecting MSG's revenue. This situation is compounded by the high costs of broadcasting rights and production, which have not been offset by the expected income from cable subscriptions. The article also touches on potential strategies MSG might employ to mitigate these financial pressures, such as exploring new revenue streams through digital platforms or renegotiating existing contracts.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/athletic/6309031/2025/04/25/knicks-rangers-msg-networks-debt/ ]