MSG Networks Returns to Optimum Cable Just in Time for Rangers Game

NEW YORK CITY, NY — MSG Networks has officially returned to Optimum cable service, allowing fans to watch the New York Knicks and other local teams again. This agreement comes ahead of the New York Rangers‘ game against the Buffalo Sabres on May 6, 2024, following weeks of negotiation between MSG Networks and Altice USA.

According to a joint statement from both companies, this multiyear deal reintroduces the regional sports network to millions of Optimum subscribers in New York, New Jersey, and Connecticut. “MSG Networks and Altice USA would like to thank everyone for their patience as we partnered to reach this new agreement to benefit our fans and Optimum subscribers,” the statement read.

While specific financial terms were not disclosed, sources familiar with the negotiations indicated that this new deal allows Altice USA to sell lower-priced packages without MSG Networks, which was previously included in its basic tier. The monthly cost for those new packages is around $140, according to one source.

Moreover, reports indicate that Altice USA will now pay a smaller carriage fee to MSG Networks, reducing the amount from approximately $10 to $8 per subscriber. This financial adjustment comes amid financial uncertainties for MSG Networks, which is currently in default on its loans with lenders led by Chase.

The escalating dispute between MSG Networks and Altice USA began earlier this year when the cable provider pulled MSG from its lineup, affecting approximately 1 million viewers in the metropolitan area. Prior to the agreement, Altice USA directed its subscribers to use alternative streaming services, including Fubo, which carries MSG Networks but charges a separate regional sports fee.

James Dolan’s MSG Networks features a variety of teams, including the Knicks, Rangers, New Jersey Devils, and Buffalo Sabres. This latest agreement marks the end of a contentious public dispute, which included stern statements and demands from government officials across three states.

During the negotiations, Altice asserted that MSG Networks was asking for higher fees while insisting that the channel must be included in basic programming, a requirement the cable provider argued would force customers who do not watch sports to pay for the service. MSG Networks countered by claiming its demands were fair and expressed willingness to accept lower payments than in previous agreements.

This story is developing. More updates will follow as they become available.