Author Topic: MSGN - MSG Networks  (Read 43550 times)

Gregmal

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Re: MSGN - MSG Networks
« Reply #80 on: November 07, 2019, 05:56:10 AM »
https://seekingalpha.com/pr/17690858-msg-networks-inc-reports-fiscal-2020-first-quarter-results

Result out. Do not look to reflect tender offer activity, but nonetheless, nothing special. That said, I dont need them to be anything special here.


Gregmal

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Re: MSGN - MSG Networks
« Reply #81 on: February 04, 2020, 02:35:28 PM »
Basically what you'd expect, hardly anything beautiful, but good enough. Key piece here was confirmation of multi year renewals with Altice. Keep the cash flowing.

https://seekingalpha.com/article/4321274-msg-networks-msgn-ceo-andrea-greenberg-on-q2-2020-results-earnings-call-transcript

Gregmal

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Re: MSGN - MSG Networks
« Reply #82 on: February 19, 2020, 05:38:17 PM »
https://nypost.com/2020/02/19/unrelenting-steve-cohen-lingers-over-mets-sale-wants-sny/

Cohen apparently wants SNY as part of the Mets deal. Market value is said to be $850-$1B with gross profit of $150M. MSGN owns the rights to multiple teams in multiple sports and regularly does $400M in gross profit. Another checker indicating the market is still there for these assets and that 1) YES is a good comp, and 2) this is really just a trade on Dolan not being a putz and losing $2.5-$3B in value.

KJP

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Re: MSGN - MSG Networks
« Reply #83 on: May 01, 2020, 07:21:14 AM »
8% subscriber decline:

Summary of Reported Results from Operations
Fiscal 2020 third quarter total revenues of $185.0 million decreased 5%, or $10.1 million, as compared with the prior year period.  Affiliation fee revenue decreased $6.6 million, primarily due to the impact of a decrease in subscribers of approximately 8%, partially offset by the impact of higher affiliation rates.

https://seekingalpha.com/pr/17855950-msg-networks-inc-reports-fiscal-2020-third-quarter-results

This may accelerate next quarter as even sports fans question what they're paying cable bundle prices for.