It reads quite bluntly as simply “Watkins Glen International terminated the site license for Woodstock pursuant to provisions of the contract. As such, WGI will not be hosting the Woodstock 50 Festival. – WGI PR” and that’s really it.
Obviously we’ll see what the promoters of Woodstock have to say about this, which we could guess may make this more of a melee. It’s best to not best for this one at this point, it’s pretty much dead in the water.