MSG Networks in talks to avoid bankruptcy — possibly with help of Amazon: sources
1. MSG Networks is seeking a deal to avoid bankruptcy amidst financial troubles. 2. Amazon is speculated to possibly invest to help MSG Networks restructure its debt. 3. MSG Networks lost $127 million in January due to a blackout from Optimum. 4. Investors bet on MSG Networks' bankruptcy improving the balance sheet. 5. Bankruptcy might lead to a renegotiated, lower media rights deal for MSG Networks.