Madison Square Garden, Inc.
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Madison Square Garden, Inc.
| Type | Public (NASDAQ: MSG) |
|---|---|
| Industry | Professional sports and Entertainment |
| Founded | 2010 |
| Founder(s) | James L. Dolan |
| Headquarters | New York, New York, U.S. |
| Key people | James Dolan (Executive chairman) Hank Ratner (President and CEO) |
| Products | Madison Square Garden Radio City Music Hall Beacon Theatre Chicago Theatre New York Knicks New York Rangers New York Liberty Connecticut Whale |
| Revenue |  $ 1.062 billion - 2009 |
| Operating income |  $ 120.6 million - 2009 |
| Total assets | $ 9.383 billion - 2008 |
| Total equity | $ -5.362 billion - 2008 |
| Divisions | Sports and Entertainment |
| Website | Official website |
Madison Square Garden, Inc. (NASDAQ: MSG), is an American entertainment promotion company, headquartered in New York, New York. The company spun off from Cablevision on February 9, 2010.
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Contents
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Divisions
In addition to owning the Madison Square Garden arena in Manhattan, New York City, Madison Square Garden, Inc. is divided into three entities:
- MSG Sports is the division that manages the company's professional sports teams. These include the NBA New York Knicks and WNBA New York Liberty basketball teams, and the NHL New York Rangers and AHL Connecticut Whale ice hockey teams.
- MSG Media controls the company's cable television channels. These include the regional sports networks MSG Network and MSG Plus, as well as the music-oriented Fuse TV channel and the high school sports channel MSG Varsity.
- MSG Entertainment is the operating arm of the company. It controls live events at Madison Square Garden, both in the arena and in the Theatre at Madison Square Garden. In addition to the Garden itself, MSG Entertainment owns the rights to operate two theaters in Manhattan: Radio City Music Hall and the Beacon Theatre. In 2008, they took over operations of the Chicago Theatre, marking the first time MSG has operated a facility outside the New York City area. It produces the Radio City Christmas Spectacular (starring the Rockettes), both at Radio City Music Hall and in venues around the United States.
Madison Square Garden, L.P. used to operate the Hartford Civic Center (now the XL Center), an indoor arena in Hartford, Connecticut and Rentschler Field, a stadium in East Hartford under contract with the state of Connecticut until the 2007 season when it was replaced by Northland/Anschutz Entertainment Group.[1][2] Madison Square Garden, L.P., currently has the option to purchase the L.A. Forum from its current owner Faithful Central Bible Church of Inglewood CA. If the terms of the agreement are met, MSG can purchase the Forum for $23 Million.[3]
Officers
- James L. Dolan - Executive Chairman
- Hank J. Ratner - President and CEO
- Glen Grunwald - Senior Vice President, Basketball Operations - New York Knicks
- Glen Sather - President and General Manager - New York Rangers
- Scott O'Neil - President and Chief Operating Officer - MSG Sports
- Melissa Ormond - President MSG Entertainment
Notes
- ^ "The Connecticut Development Authority Selects Facilities Manager for Hartford Civic Center " http://www.ctcda.com/cdaNews/newsView.asp?NewsID=57
- ^ Welcome to Rentschler Field
- ^ Post a Job (2009-12-08). "Madison Square Garden in Pact for Los Angeles Forum". BusinessWeek. http://www.businessweek.com/news/2010-12-10/madison-square-garden-in-pact-for-los-angeles-forum.html. Retrieved 2010-12-13.
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