Summarize this content to 2000 words in 6 paragraphs in Arabic <\/p>\n
MSG Networks is nearing a deal with its lender JPMorgan that will allow the regional sports channel to avoid bankruptcy \u2014 and potentially pave the way for a merger with the YES Network, The Post has learned.<\/p>\n
Under terms of the deal, MSGN \u2014 which carries the Knicks, Rangers, Islanders, Devils and Sabres and Gotham FC \u2014 will win a debt refinancing in which JPMorgan agrees to reduce it to around $600 million from a current bill of roughly $800 million, sources close to the talks said.<\/p>\n
In exchange, Knicks owner James Dolan \u2014 whose Sphere Entertainment owns and controls MSGN \u2014 would agree to reduce the rights fees MSGN pays the Knicks and Rangers, increasing the network\u2019s ability to make its interest payment, the sources said.<\/p>\n
MSGN and JPMorgan declined to comment.<\/p>\n
The cable network is losing\u00a0money partly because it paid $187 million in 2025 to broadcast Knicks and Rangers games as part of a 20-year agreement that ends in 2035, according to public filings.<\/p>\n
On the open market, a cable network would pay considerably less for those rights due to cord-cutting, sources said.<\/p>\n
After the JPMorgan restructuring, Dolan is likely to start marketing MSGN for sale, sources said. With this new lighter debt package, Dolan hopes to have an easier time finding a buyer.<\/p>\n
MSG and YES now partner on the Gotham Sports App, which sells access to both networks for $41.99 a month. Customers can also elect to pay $29.99 a month for MSG or $24.99 a month for YES.<\/p>\n
MSGN, owned by Knicks owner James Dolan\u2019s Sphere Entertainment, had a deadline at midnight on Monday to avoid\u00a0bankruptcy, and got an extension to Thursday evening as the network and bank feverishly tried to hammer out a truce.<\/p>\n
Dolan wants to move MSGN out of Sphere Entertainment, where it is hurting the latter\u2019s stock price. The best way to do that is to sell after restructuring the debt,\u00a0a source said.\u00a0<\/p>\n
MSGN has been in default since October but has not been put in bankruptcy.<\/p>\n
Dolan controls the Knicks and Rangers through the separately publicly traded Madison Square Garden Sports.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic MSG Networks is nearing a deal with its lender JPMorgan that will allow the regional sports channel to avoid bankruptcy \u2014 and potentially pave the way for a merger with the YES Network, The Post has learned. Under terms of the deal, MSGN \u2014<\/p>\n","protected":false},"author":1,"featured_media":289622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-289621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/289621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=289621"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/289621\/revisions"}],"predecessor-version":[{"id":289623,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/289621\/revisions\/289623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/289622"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=289621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=289621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=289621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}