MSG Networks Inc. Reports Fourth Quarter and Fiscal 2020 Results
Fiscal 2020 fourth quarter total revenues of $152.1 million decreased 10%, or $16.2 million, as compared with the prior year period.
- Fiscal 2020 fourth quarter total revenues of $152.1 million decreased 10%, or $16.2 million, as compared with the prior year period.
- Direct operating expenses of $46.4 million decreased 34%, or $23.7 million, as compared with the prior year quarter.
- Selling, general and administrative expenses of $20.7 million decreased 22%, or $5.7 million, as compared with the prior year quarter.
- 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.