Knicks Broadcaster Gets Week’s Reprieve to Fix Unpaid Debt
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MSG Networks just got a week-long extension to negotiate with its lenders on more than $800 million of debt to save the James Dolan-chaired company from collapse.
The sports broadcaster, loan agent JPMorgan Chase & Co. and the lenders now have until April 2 to reach an agreement, extending a previous March 26 deadline, according to a filing Thursday from MSG’s parent company Sphere Entertainment Co. It’s one of several such extensions for the company overseen by the wealthy scion since the debt came due in October.