NYIsles1*
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Revenue down only eight percent but operating income up without the Rangers expenses and losses?
Interesting that eight percent drop goes nowhere near what Forbes claimed was the Rangers revenue for a season.
http://www.newsday.com/business/ny-bzcab244155896feb24,0,718377.story
The National Hockey League standoff between teams and players caused an 8 percent drop in revenue, to $298 million, for Cablevision-controlled Madison Square Garden. MSG operating income, however, jumped to $41 million from $11 million, helped by higher Knicks ticket revenue, lower Knicks player compensation and lower Radio City expenses.
Dolan said Cablevision continues to support the NHL commissioner in trying to get a contract with players that will "ensure the long-term viability of the sport."
Interesting that eight percent drop goes nowhere near what Forbes claimed was the Rangers revenue for a season.
http://www.newsday.com/business/ny-bzcab244155896feb24,0,718377.story
The National Hockey League standoff between teams and players caused an 8 percent drop in revenue, to $298 million, for Cablevision-controlled Madison Square Garden. MSG operating income, however, jumped to $41 million from $11 million, helped by higher Knicks ticket revenue, lower Knicks player compensation and lower Radio City expenses.
Dolan said Cablevision continues to support the NHL commissioner in trying to get a contract with players that will "ensure the long-term viability of the sport."