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

|About: The Madison Square Garden C... (MSG)|By:, SA News Editor

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.