00:00It's Benzinga bringing Wall Street to Main Street.
00:02Altice USA's Optimum Cable customers lost access to MSG Networks on Wednesday
00:07amid a fee dispute between the cable operator and James Dolan's regional sports channels.
00:11The blackout affects NBA and NHL games as negotiations broke down over fees
00:16and channel availability requirements.
00:18MSG Networks stated they offered Altice lower fees than last year
00:22and proposed keeping the channels on air during negotiations,
00:25but Altice rejected all offers.
00:27Altice USA claimed MSG Networks demanded high fees and broad channel availability,
00:32potentially increasing customer bills for content they might not want.
00:35Regional sports networks grappling with high team contracts
00:39and streaming transitions continue to face financial hurdles.
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