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SBD/May 4, 2012/Finance
Cablevision Quarterly Profits Down, While MSG Rises With Sports, Media Gains
Published May 4, 2012
GARDEN PARTY: The Madison Square Garden Company (MSG) reported a rise in Q3 revenues, primarily due to revenue increases at MSG Sports and MSG Media segments, but partially offset by a decrease in the MSG Entertainment segment. The $400.5M in revenue represents an increase of 21% from the year-ago period. MSG President & CEO Hank Ratner in a statement noted MSG Sports delivered its most profitable quarter in its two-year history as a public company (MSG).