NY AND CT ATTORNEYS GENERAL AND SEVERAL BIPARTISAN ELECTED OFFICIALS AGREE: IT'S TIME FOR ALTICE USA TO GET THE KNICKS, RANGERS, DEVILS AND ISLANDERS BACK ON THE AIR!
Rhea-AI Summary
MSG Networks has issued a statement regarding their ongoing carriage dispute with Altice USA. The dispute has resulted in Optimum's more than 1 million subscribers losing access to local Knicks, Rangers, Islanders and Devils games in the tri-state area. Both New York Attorney General Letitia James and Connecticut Attorney General William Tong, along with bipartisan elected officials, are urging both parties to reach an agreement.
MSG Networks has offered to enter binding arbitration with Altice USA before a neutral third party. However, Altice USA has dismissed this offer as a publicity stunt. MSG Networks maintains they are not seeking publicity and encourages Altice to accept the arbitration offer to restore game broadcasts to subscribers.
Positive
- None.
Negative
- Service disruption affecting over 1 million subscribers
- Ongoing carriage dispute impacting revenue stream
- Failure to reach agreement with major distributor
News Market Reaction 1 Alert
On the day this news was published, SPHR gained 3.49%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"
MSG Networks yesterday offered to enter into binding arbitration with Altice USA before a neutral third party. Altice USA has claimed that this offer is nothing but a publicity stunt, but we're not seeking publicity and encourage them to accept our offer of binding arbitration and give their subscribers back the games."
Click here to view Attorney General Tong's video message.
About MSG Networks
MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation's number one media market, the New York DMA, as well as other portions of
Contact:
Dan Schoenberg (dan.schoenberg@msg.com)
View original content to download multimedia:https://www.prnewswire.com/news-releases/ny-and-ct-attorneys-general-and-several-bipartisan-elected-officials-agree-its-time-for-altice-usa-to-get-the-knicks-rangers-devils-and-islanders-back-on-the-air-302358030.html
SOURCE Sphere Entertainment Co.