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Madison Square Garden Inc.

NHL's Return Drives MSG to 2Q Earnings Beat

Sports and entertainment company Madison Square Garden (NYSE:MSG) beat the Street on Friday with a 29% jump in quarterly profits that was fueled by the return of the National Hockey League to a full season.Shares of the owner of the New York Knicks and Rangers rallied 3% on the fiscal second-quarter earnings beat.MSG said it earned $60.5 million, or 77 cents a share, last quarter, compared with a profit of $49.6 million, or 60 cents a share, a year earlier. Analysts had called for EPS of 66 cents.The year-earlier period was hurt by the NHL's work stoppage.Revenue soared 31% to $509.4 million, topping the Street's view of $496 million."We benefited from the return to a full NHL regular season, the continued positive impact of the Transformation project and improvement in our entertainment business," MSG CEO Hank Ratner said in a statement.MSG said sports revenue surged 104% to $183.4 million, largely due to the Rangers playing a full season.MSG reported a 15% increase media revenue to $...

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  2. Time Warner Cable, MSG in Battle Over Renewal Fees

    Collins Stewart Media Equity Research Managing Director Thomas Eagan on Time Warner Cable not carrying MSG in New York because of a dispute over renewal fees.

  3. MSG Shares Advance To 12-month High

    Shares of Madison Square Garden Inc. maintained their recent momentum Monday, up nearly 4% on the session and hitting a 52-week high of $33.18 amid investor exciteme...

  4. MSG Shares Down Modestly In Time Warner Cable Spat

    Amid a financial dispute that has blacked out sports network MSG from Time Warner Cable Inc. systems in the new year, MSG shares were down 2.3% in Tuesday trading, w...

  5. Madison Square Garden Shares Up 11% On NBA News

    Shares of Madison Square Garden Inc. were up 11% Monday on news that there will be a 66-game NBA season starting Dec. 25 after a lockout by the league's owners ended...

  6. Madison Square Garden Shares Up 4% On Results

    CHICAGO -- Madison Square Garden Co. shares were up nearly 4% Friday after the company posted better-than-expected third-quarter results on increased revenue at its ...

  7. MSG Scores in 1Q Despite Lower Sales at The Garden

    Madison Square Garden (NYSE:MSG) revealed on Friday a stronger-than-expected increase in first-quarter profit despite a sharp drop in revenues stemming from the temp...

  8. NBA Lockout Won't End Well Unless it Ends Quickly

    While millionaires and billionaires negotiate how to split up billions, the “common” folks are out of work. Sounds like what is happening on Wall Street ? More like ...

  9. MSG Stock a Loser Despite 40% Climb in 4Q Net

    Madison Square Garden (NYSE:MSG) scored a stronger-than-expected 40% leap in fiscal fourth-quarter profits, but shares of the parent of the New York Knicks and Range...

  10. MSG CEO: This Is a Project NYC Needs

    Madison Square Garden CEO Hank Ratner on the massive overhaul of the iconic arena.

  11. Cablevision to Spin Off MSG

    Former MSG President Bob Gutkowski and MarketWatch Media Columnist Jon Friedman on why Cablevision is spinning off Madison Square Garden into a standalone company.

  1. MSG Scores 3Q EPS Blowout

    While the New York Knicks and Rangers disappointed their fans this week, the teams' parent company Madison Square Garden (NYSE:MSG) blew away expectations on Friday ...

  2. MSG's 1Q Tops Views Despite Higher Tax Bill

    Hit by higher taxes, New York Knicks parent Madison Square Garden (NYSE:MSG) disclosed a 3.2% decline in fiscal first-quarter earnings on Friday but still managed to...

  3. Madison Square Garden 4th-Quarter Profit Soars on Sports Revenue

    Madison Square Garden Co.'s (MSG) fiscal fourth-quarter earnings soared as its sport division hosted more games, in part due to the New York Knicks and Rangers makin...

  4. Time Warner Cable and MSG Network Resolve Dispute

    FBN’s Robert Gray on Time Warner Cable and MSG Network resolving their dispute over subscription fees.

  5. Linsanity Validates Cablevision's MSG Spinoff Strategy

    All the talk about "Linsanity’s" positive impact on MSG’s (NYSE:MSG) stock overlooks one key point: There didn’t used to be such a thing as MSG stock until two years...

  6. Greek Hopes Drive Dow Near 13000

    FOX Business: The Power to ProsperEdging closer to the 13000 mark, the Dow finished the week with solid gains on Friday as Wall Street bets Greece will finally recei...

  7. Dispute Between Time Warner Cable, MSG Network Resolved -NYT

    DOW JONES NEWSWIRESThe impasse between Time Warner Cable Inc. (TWC) and the Madison Square Garden Network Co. (MSG) has been resolved, the New York Times reported Fr...

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