MSG Networks Nears Bankruptcy Deal
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Sports
Exclusive | MSG Networks in talks to avoid bankruptcy — possibly with help of Amazon: sources
68% Informative
The embattled cable TV station that airs New York Knicks and Rangers games is in talks to reach a deal to avoid bankruptcy as soon as Friday .
Sources speculate that MSG will take cash from a new, outside investor to refinance the crippling debt load — and hand over a stake in the cable business in return.
Amazon already has a deal with Diamond Sports to broadcast games for pro sports teams nationwide.
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