We present ***HowToNarrate***, the first general-domain benchmark for Synchronized Video Narration. The benchmark contains 3.2K videos across seven domains, segmented into 37.5K clips with aligned narrations and associated external knowledge. Effective narration requires models to *understand visual scenes*, incorporate *relevant knowledge*, and produce *coherent, length-appropriate* descriptions. We systematically benchmark current Multimodal LLMs (MLLMs) on these abilities. Our analysis shows that existing MLLMs overemphasize knowledge retrieval while largely neglecting prior context (receiving less than 10% attention). Moreover, they often conflate narration context with external knowledge, leading to redundancy and incoherence. To mitigate these issues, we propose VideoNarrationAgent, a multi-agent framework that combines context compression, knowledge retrieval, and narration generation. Experiments demonstrate that our method significantly improves MLLM performance. Furthermore, instruction tuning on HowToNarrate enhances both context-awareness and length control, boosting Qwen2.5-VL’s score from 25 to 84. We will release all data and code to support future research in synchronized video narration.