HOFers Highlight NBA's Africa Exhibition Chime Sold To WPP, Providence Equity Callaway Golf Reports Mixed Q2 Results CDI Reports Record Quarterly Revenue Bucks Turn To County For Arena Land Deal NBA Signs Marriott For International Games Providence Equity, WPP Eye $547M Chime Takeover Paolantonio Clarifies Bisciotti Comments Hornets, FanDuel Sign Multiyear Deal DraftKings Closes On $300M Series D Round
SBD/March 20, 2014/Finance
Analyst: Knicks' Phil Jackson Hire Good News For MSG Stock Based On Attendance, TV
Published March 20, 2014
FACE OF THE FRANCHISE: In N.Y., Richard Sandomir notes Jackson is "now a face of the publicly traded Garden," along with Knicks F Carmelo Anthony, Rangers G Henrik Lundqvist and musician Billy Joel. Jackson's return "came at an important time for the Garden: late in the first season" of the arena’s $1B renovation. Sandomir: "The arena needed another attraction. Jackson is it." Jackson, like "no other top Knicks executive of the past, ... will be essential to the team’s marketing until it consistently wins." If Jackson succeeds, MSG will "gain revenue from more playoff games and more telecasts (and higher advertising rates) on MSG Network" (N.Y. TIMES, 3/20).