MSG Networks Inc.

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Ademi LLP is investigating MSG Networks (NYSE: MSGN) for possible breaches of fiduciary duty and other violations of law in its transaction with MSG Entertainment.

Ademi LLP alleges MSG Networks' financial outlook is excellent and yet MSG Networks shareholders will receive only 0.172 shares of MSG Entertainment Class A or Class B common stock for each share of MSG Networks Class A or Class B common stock they own, or $16.16 for each share of MSG Networks Class A or Class B common stock, representing a 7.0% discount based on March 25 stock closing prices. The merger agreement unreasonably limits competing bids for MSG Networks by prohibiting solicitation of further bids, and imposing a termination penalty if MSG Networks accepts a superior bid. MSG Networks insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of MSG Networks’ board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for MSG Networks.