"If MSG Networks is not successful in negotiating a refinancing or work-out of its indebtedness, the company believes it is probable that MSG Networks and/or its subsidiaries would seek bankruptcy protection or the lenders would foreclose on the MSG Networks collateral securing the credit facilities."
"I think ESPN rightly wanted to own and operate and produce RedZone outright because of the galactic popularity of the show. But the NFL, for their reasons, wanted to retain control of the production of RedZone."