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http://www.marketwatch.com/news/story.asp?guid=%7B7A4D9739-19DB-4729-87F1-97BCB8FDEBCF%7D&siteid=google
The lost NHL season depressed revenue in the company's Madison Square Garden segment, which includes the New York Rangers. Revenue in the unit fell 12% to $179.5 million. Cablevision added, however, that certain "expense savings" offset the loss of revenue that would've been generated by the Rangers.
MSG was also impacted in the quarter by higher revenue from New York Knicks NBA tickets and lower luxury tax expenses for the basketball team.
http://www.nynewsday.com/technology/ny-bzcabl4246913may06,0,359829.story?coll=ny-technology-print
Although revenue for Madison Square Garden, including the Knicks and Rangers, all of which the company owns, fell 12 percent to $180 million, the unit's operating loss shrank to $11.9 million from a loss of $34.8 million. Savings from the cancellation of the hockey season more than offset the revenue drop, the company said.
The lost NHL season depressed revenue in the company's Madison Square Garden segment, which includes the New York Rangers. Revenue in the unit fell 12% to $179.5 million. Cablevision added, however, that certain "expense savings" offset the loss of revenue that would've been generated by the Rangers.
MSG was also impacted in the quarter by higher revenue from New York Knicks NBA tickets and lower luxury tax expenses for the basketball team.
http://www.nynewsday.com/technology/ny-bzcabl4246913may06,0,359829.story?coll=ny-technology-print
Although revenue for Madison Square Garden, including the Knicks and Rangers, all of which the company owns, fell 12 percent to $180 million, the unit's operating loss shrank to $11.9 million from a loss of $34.8 million. Savings from the cancellation of the hockey season more than offset the revenue drop, the company said.