MSG NETWORKS RESPONSE TO ALTICE

Rhea-AI Summary

MSG Networks has issued a direct response to Altice USA regarding their ongoing dispute. The company demands that Altice either match the deal previously given to YES Networks, reinstate MSG's previous agreement, or provide refunds to subscribers. Specifically, MSG Networks is calling for a $10 monthly refund to subscribers, noting that $5 is already owed for programming not delivered in early January.

Positive

• Strong negotiating position by demanding equal treatment with YES Networks

Negative

• Ongoing carriage dispute affecting revenue and viewer access
• Service interruption since early January impacting subscriber base

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- MSG Networks released the following response to Altice USA:

"In response to Optimum's last release what we have to say is simple:

Cut the B.S. - give us the same deal you gave YES Networks just a few months ago OR give us our old deal which we had with you previously OR refund every subscriber what you owe them - $10 a month. And by the way you already owe them $5 for the lack of programming they didn't get for the first half of January."

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 New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:
Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

FAQ

What is MSG Networks demanding from Altice in their January 2025 statement?

MSG Networks is demanding that Altice either match YES Networks' deal, reinstate MSG's previous agreement, or provide $10 monthly refunds to subscribers.

How much refund is MSG Networks saying Altice owes subscribers for January 2025?

MSG Networks states that Altice owes subscribers $5 for lack of programming during the first half of January 2025.

What are the three options MSG Networks gave to Altice in their response?

MSG Networks gave Altice three options: match YES Networks' deal, reinstate MSG's previous agreement, or provide $10 monthly subscriber refunds.

When did the programming interruption between MSG Networks and Altice begin?

Based on the statement, the programming interruption began in early January 2025.