MSG Networks nears deal to skirt bankruptcy — potentially clearing path for YES merger: sources
1. MSG Networks is restructuring debt with JPMorgan to avoid bankruptcy. 2. Debt will reduce from $800 million to around $600 million. 3. Dolan may market MSGN for sale after debt restructuring. 4. MSGN's current rights fee payments are financially burdensome. 5. Partnership with YES Network could enhance marketability post-restructuring.