SBD/Closing Bell

MSG Reports Increased Cash Flow Thanks To Media, Sports Segments

The Madison Square Garden Company (MSG) today reported Q2 revenues of $387.9M, up 4% from the year ago period, and credited the MSG Media segment for the increase. Adjusted operating cash flow was $108.3M, up 37%, with improved results in the Media and MSG Sports segments partially offset by a decrease in MSG Entertainment. Results were affected by the Rangers not playing amid the NHL work stoppage and also by the Knicks' return to a full-season schedule (MSG).
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