New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
11:15 EDTMSGMSG climbs after NHL reaches tentative deal with players
Madison Square Garden (MSG), which owns the New York Rangers of the National Hockey League, is climbing after the league and its players tentatively agreed a new contract yesterday. The deal, which is expected to end a lockout and enable the NHL to play a shortened season this year, would impose a salary cap of slightly over $70M this year. Next year the cap will drop to approximately $64M. Moreover, players' share of all hockey related revenue will decline to 50% from 57%. However, the players will also receive $300M in transition payments. In a note to investors earlier today, Stifel Nicolaus analyst Benjamin Mogil wrote that the deal is positive for Madison Square Garden, in light of the concessions that NHL owners obtained from the players. Moreover, as a result of the deal and its timing, Madison Square Garden will be able to avoid paying compensation to cable TV companies for the lockout, Mogil wrote. The analyst maintained a Buy rating on the stock, which rose $1.24, or 2.74%, to $46.52.
News For MSG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 30, 2015
12:32 EDTMSGMadison Square Garden names David O'Connor as CEO
The Madison Square Garden Company announced that David "Doc" O'Connor has been named president and CEO, effective July 15. O'Connor joins the company after spending the last three decades at Creative Artists Agency, where he played a critical role in helping build one of the most respected talent and sports agencies in the world.
June 23, 2015
07:25 EDTMSGMSG hires Doc O’Connor as CEO, NY Post reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use