Overview

• MSG Networks went dark for Optimum cable subscribers after the two companies failed to agree on a new carriage contract by the December 31 deadline.
• The dispute centers on programming fees, with Altice accusing MSG Networks of demanding exorbitant rates and MSG claiming it offered lower fees than the previous year.
• Optimum customers are being directed to alternative streaming options like Fubo, which offers MSG Networks at a discounted rate for Optimum internet users.
• The blackout affects broadcasts of Knicks, Rangers, Islanders, and Devils games, frustrating fans and potentially accelerating cord-cutting trends.
• MSG Networks faces significant financial strain, with $830 million in debt and a looming January 10 forbearance deadline, raising concerns about its future viability.