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UPDATED MSG NETWORKS STATEMENT ON ALTICE DISPUTE

1. MSG Networks praises Attorneys General for demanding Altice refunds. 2. Ongoing negotiations might impact viewer access to MSG Networks. 3. MSG Networks provides exclusive content for popular NY sports franchises. 4. Legal actions against Altice could influence subscriber growth for MSG Networks. 5. Sphere Entertainment Co. owns MSG Networks, linking it to SPHR.

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FAQ

Why Bullish?

The involvement of state AGs reinforces MSG Networks' market position, potentially increasing subscriber retention. Similar past AG interventions have led to improved contract negotiations for other media companies.

How important is it?

As MSG Networks is a key asset of SPHR, any changes in subscriber policies could directly affect SPHR valuation. Recent trends show increased market reactions to regional sports network negotiations.

Why Short Term?

Immediate changes from negotiations may quickly affect subscriber dynamics. Previous restructurings in media contracts have seen rapid fluctuations in stock valuations.

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MSGNATUS
, /PRNewswire/ -- MSG Networks released the following statement about ongoing negotiations with Altice USA: "We applaud the Attorneys General in demanding Altice do right by its subscribers and either issue a full refund or immediately reach an agreement to return MSG Networks to Optimum subscribers." To read the press release from the Attorneys General, click here. About MSG Networks MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation's number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR). Contact:  Dan Schoenberg ([email protected]) SOURCE Sphere Entertainment Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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