More on Madison Square Garden's (MSG) FQ3: Revenues, operating income, and net income rise 3%,...

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

More on Madison Square Garden's (MSG) FQ3: Revenues, operating income, and net income rise 3%, 20%, and 24% Y/Y respectively, although revenue misses estimates. Adjusted operating cash flow increases 14% to $91.7M (recall Credit Suisse's recent comments on free cash flow generation). On cash flow, CEO Hank Ratner says the company "delivered strong results [and thanks to] recurring and increasing affiliation fee revenue, is well positioned to drive continued growth." (PR)