The Madison Square Garden Company (MSG) - NYSE
  • Aug. 20, 2013, 5:30 PM
    •  AEO, EV, EXXI, LOW, MSG, PETM, SJM, SPLS,TGT, TOL
    | Aug. 20, 2013, 5:30 PM
  • May 3, 2013, 6:18 PM
    After-hours top gainers, as of 5:30 p.m.: ABFS +16.0%. RNR +3.75%. MSG +3.3%. NCT +3.1%. INCY +3.0%.
    After-hours top losers: STM -9%. GRMN -3.6%. BRCD -2.7%. H -2.6%. CPWR -2.1%.
    | May 3, 2013, 6:18 PM
  • May 3, 2013, 7:55 AM

    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)

    | May 3, 2013, 7:55 AM
  • May 3, 2013, 7:43 AM
    Madison Square Garden (MSG): FQ3 EPS of $0.49 beats by $0.17. Revenue of $412.4M misses by $72.71M. (PR)
    | May 3, 2013, 7:43 AM
  • Apr. 29, 2013, 10:48 AM

    Madison Square Garden (MSG +1%) gets a bump from an initiation at Credit Suisse (Outperform, $68 price target). "The increasing value of premium sports content," should help drive free cash flow growth for MSG which is "well positioned … with key distributors under long-term affiliate deals and stable attendance," says analyst Michael Senno.

    | Apr. 29, 2013, 10:48 AM | 1 Comment
  • Apr. 11, 2013, 11:23 AM
    Madison Square Garden (MSG +0.1%) is informally shopping Fuse network to potential buyers, according to sources. The network only earns an average of $0.06/month per subscriber, but in the hands of a bigger company could be bundled to extract value. (Related: Channel bundling shakeup?)
    | Apr. 11, 2013, 11:23 AM
  • Mar. 20, 2013, 8:59 AM

    Fox Sports (NWS, NWSA) is expected to announce later today that it landed the rights to the new Big East basketball conference. The deal provides a nice programming boost for the new Fox Sports 1 channel and gives ESPN something to think about. It's anticipated Madison Square Garden (MSG) will pick up some regional coverage of the new Catholic-heavy conference.

    | Mar. 20, 2013, 8:59 AM
  • Mar. 12, 2013, 10:09 AM

    Madison Square Garden (MSG -0.5%) sells 3.9M shares in Live Nation Entertainment (LYV -2%) for $44M. The transaction leaves Madison Square Garden with no position in LVY and follows the departure from the Live Nation board of MSG Chairman Jim Dolan.

    | Mar. 12, 2013, 10:09 AM
  • Feb. 6, 2013, 9:57 AM

    Shares of Madison Square Garden (MSG +4.6%) trade higher after the company's FQ2 beat estimates with the MSG Media business strong during the period. On the sports side of the business, Hurricane Sandy and the NHL work stoppage affected growth as MSG Sports could only manage a 1% Y/Y gain. In FQ3, the company runs into a comparable quarter which featured a revenue boost tied to Linsanity.

    | Feb. 6, 2013, 9:57 AM
  • Feb. 6, 2013, 8:07 AM
    Madison Square Garden (MSG): FQ2 EPS of $0.6 beats by $0.24. Revenue of $387.9M (+4% Y/Y) misses by $19.1M. (PR)
    | Feb. 6, 2013, 8:07 AM
  • Jan. 7, 2013, 8:02 AM

    Shares of Madison Square Garden (MSG) are on watch after the NHL settles its dispute to bring professional hockey back to North America. The four-month lockout ended over the weekend and a shortened season will start within two weeks.

    | Jan. 7, 2013, 8:02 AM
  • Dec. 20, 2012, 10:58 AM

    Madison Square Garden (MSG +0.2%) continues to feel the impact of the prolonged NHL lockout. Though Maxim Group sees an eventual resolution to the dispute, FQ2 estimates on the company were adjusted downward by close to $48M. Last year, Madison Square Garden felt the effect of a basketball lockout before Linsanity gave it an unexpected boost. This year around, a playoff run by the New York Knicks could be the saving grace.

    | Dec. 20, 2012, 10:58 AM
  • Dec. 10, 2012, 2:50 PM

    DirecTV (DTV -1.1%) plans to charge new customers in the L.A. $3 more per month for access to all four of the regional sports networks it offers. The bigger issue: The move is another warning shot in what looks to be a protracted war between cable and media companies over how sports coverage and fees will be sliced up with more regional sports networks popping up. With live coverage of major sporting events on the Internet still largely a non-factor, there should be enough carriage fees and advertising revenue to keep both sides plush. Sports coverage players: ESPN (DIS), NBC Sports (CMCSA), Madison Square Garden (MSG), Fox Sports (NWS), CBS Sports (CBS), Yes Network.

    | Dec. 10, 2012, 2:50 PM | 1 Comment
  • Nov. 2, 2012, 8:25 AM
    Madison Square Garden (MSG): FQ1 EPS of $0.26 beats by $0.08. Revenue of $204.2M (+15% Y/Y) in-line. (PR)
    | Nov. 2, 2012, 8:25 AM
  • Oct. 26, 2012, 1:29 PM
    Madison Square Garden (MSG -1.4%) could face some headwinds this fall with the NHL lockout getting more dire by the day. As it stands now league games are off until November 30, but industry insiders worry that the 4th stoppage in 20 years could tarnish the sport's reputation with fans if the season doesn't get started soon.
    | Oct. 26, 2012, 1:29 PM | 1 Comment
  • Oct. 19, 2012, 2:13 PM

    The NHL cancels all hockey games on the league's schedule through November 1 as talks with the union representing the players break down. At present the impact for Madison Square Garden (MSG +0.2%) is minor, but if the lockouts extends into 2013 the company's FQ3 and FQ4 results could take a hit.

    | Oct. 19, 2012, 2:13 PM
Company Description
The Madison Square Garden Co. engages in live sports and entertainment business. The company operates through two reportable segments: MSG Entertainment and MSG Sports. The MSG Sports segment owns and operates the following professional sports franchises: the Knicks of the NBA, the Rangers of... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States