Buccaneers Take Risk Drafting QB Winston 49ers Go With Black For New Alternate Uniform O's Originally Wanted To Swap Rays Series Thunder Give Donovan $30M Over Five Years O's Game With No Fans Described As Eerie Rockets Dismiss Digital Communications Manager Michele Roberts Talks NBPA In Profiles Bucks Sparking Basketball Renaissance In Milwaukee Sens' Bryan Murray Returning Next Year MLB Rules No Wrongdoing In Cubs' Tampering Case
Upcoming Conferences and Events
ITT AND CABLEVISION CLEARED FOR MSG DEAL
Published January 13, 1995
Cablevision and ITT have been given approval to buy Madison Square Garden from Viacom. The U.S. Department of Justice has approved the proposed $1.075B acquisition "without requiring any modifications to the sale." MSG is the parent company for the Knicks and Rangers, and the deal still needs the backing of the NHL and the NBA to be finalized. Teri Washington, a spokesperson for the NBA, said it was not clear whether a vote on the transfer of the Knicks will be held at the next Board of Governors meeting on February 13. A team sale requires 3/4 approval from the NBA's 27 team representatives. A spokesperson for the NHL said a vote by that league could be "months away" (Elizabeth Sanger, N.Y. NEWSDAY, 1/13).