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MSG. Madison Square Garden. up 4%. Info Sheet.



8/24/12
Fiscal 2012 revenue of $1.3 billion, an 8% increase compared to prior year
Fiscal 2012 AOCF of $283.2 million, a 36% increase compared to prior year
Fiscal 2012 operating income of $177.5 million, up 44% versus prior year
http://ih.advfn.com/p.php?pid=nmona&article=53936359

8/24/12
4th-Quarter Profit Soars on Sports Revenue
http://ih.advfn.com/p.php?pid=nmona&article=53939249
Madison Square Garden Co.'s (MSG) fiscal fourth-quarter earnings soared as its sport division hosted more games, in part due to the New York Knicks and Rangers making the playoffs and the timing of the 2012 basketball season.

The media and sports entertainment company also benefited from higher affiliate revenue in its entertainment business, suggesting a new programming deal struck with Time Warner Cable (TWC) in February is paying off.

Shares rose 7.6% to $43.28 as earnings surpassed expectations. The stock is up more than 51% this year.

Spun off from Cablevision Systems Corp. (CVC) in 2010, MSG has continued to post profits since going public, and is using excess cash to modernize its namesake arena in renovations dubbed "the transformation." The company also operates Radio City Music Hall and the Beacon Theatre, both in New York City.

Revenue at MSG's sports business jumped 74%, while its operating income rose to $16 million from a year-earlier loss of $5 million. In addition to more game-related revenue from the Knicks and Rangers playoff games, the delayed start of the National Basketball Association's 2012 season resulted in a higher number of games compared to the year-earlier period. The so-called transformation is also helping revenue.

Revenue at MSG Media, which includes MSG Networks, rose 20%, as operating profit increased 15%. This was the first, full fiscal quarter that MSG benefited from its new programming deal with Time Warner Cable, which it reached in the middle of the prior quarter in order to end of a seven-week blackout of MSG channels.
Meanwhile, the company's entertainment business saw revenue rise 41%, while its operating loss narrow to $8.7 million from $14.5 million a year earlier due. MSG attributed the loss in part to higher expenses.

For the quarter ended June 30, MSG reported a profit of $28.6 million, or 37 cents a share, up from $8.5 million, or 11 cents, a year earlier. Revenue rose 42% to $332.9 million.
Analysts surveyed by Thomson Reuters recently forecast earnings of 22 cents.



In June, the company paid $23.5 million to acquire the Forum, an aging arena near Los Angeles that once served as home to the Lakers and Kings and that MSG hopes to turn into a top-tier concert site.
http://ih.advfn.com/p.php?pid=nmona&article=53939249

MSG Media consists of the MSG Networks (MSG, MSG Plus, MSG HD and MSG Plus HD) regional sports networks and the Fuse Networks (Fuse and Fuse HD), a national television network dedicated to music. MSG Entertainment is one of the country’s leaders in live entertainment. MSG Entertainment creates, produces and/or presents a variety of live productions, including the Radio City Christmas Spectacular featuring the Radio City Rockettes. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in MSG’s diverse collection of venues. These venues include Madison Square Garden, Radio City Music Hall, the Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre and the Wang Theatre



HISTORY.

http://www.themadisonsquaregardencompany.com/our-company/history.html

Website. http://www.themadisonsquaregardencompany.com/
MSG Club. http://www.thegarden.com/tickets.html
iHub. No Mod. 16 posts. 3 follows.

7/12/12 LivingSocial & MadisonSquareGarden (MSG) to provide premium offers
http://www.otcmarkets.com/stock/MSG/news
7/13/12 Zacks #2 buy Enters Oversold Territory
http://ih.advfn.com/p.php?pid=nmona&article=53459223
6/26/12 Madison Square Garden Company Acquires Famed Forum Arena
http://ih.advfn.com/p.php?pid=nmona&article=52893051
5/7/12 Fox Business News
MSG CEO on the Arena’s $980M Makeover [video]
http://video.foxbusiness.com/v/1678909371001/msg-ceo-on-the-arenas-980m-makeover/?playlist_id=87247
5/4/12 10-Q/3
Third quarter revenue of $400.5 million, a 21% increase compared to prior year period
Third quarter AOCF of $80.2 million, a 46% increase compared to prior year period
Third quarter operating income of $53.3 million, up 75% versus prior year period
http://ih.advfn.com/p.php?pid=nmona&article=52285799