Seeking Alpha

Unsurprisingly, shares of Madison Square Garden (MSG -0.6%) have been selling off since the NBA...

Unsurprisingly, shares of Madison Square Garden (MSG -0.6%) have been selling off since the NBA players' union opted for decertification yesterday, significantly increasing the odds of a cancelled season. Gabelli is maintaining a Buy, but estimates the loss of a full NBA season will reduce MSG's 2012 EBITDA by $100M, to $150M.
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