PHILADELPHIA, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Kaskela Law LLC is investigating MSG Networks Inc. MSGN on behalf of the company's shareholders. The investigation seeks to determine whether MSG Networks and/or the company's officers and directors have violated the securities laws.
On August 21, 2019, MSG Networks reported its quarterly financial and operational results for the fourth quarter of fiscal 2019. For the quarter the company reported a decrease in revenues, operating income and net income as compared with the prior year's quarter. Additionally, the company disclosed that "[a]ffiliation fee revenue decreased $3.3 million, primarily due to the impact of a decrease in subscribers of more than 6.5%." Following this news, shares of the company's stock declined $2.09 per share, or over 12.4 percent in value.
MSG Networks shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 or (484) 258 – 1585, or via email at skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/msg-networks/.
Kaskela Law LLC exclusively represents investors in securities, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com
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