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Madison Square Garden 2Q profit tops Street

Published on NewsOK Modified: February 6, 2013 at 10:19 am •  Published: February 6, 2013
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The NHL work stoppage delayed the start of the current season by about three months. Because of the work stoppage, the New York Rangers did not play preseason or regular season games in the current quarter. The team played a combined 38 home and away games in the prior-year period.

The MSG Media division's revenue increased 10 percent to $156.8 million as ad revenue climbed mostly because of ad sales tied to sports programming. There were more Knicks telecasts, but fewer NHL telecasts in the period. Ad revenue climbed $5.1 million from a year ago. Fuse ad revenue also rose.

As for the New York Knicks, the team has played a combined 36 preseason and regular season home and away games during the current quarter. The year-ago period was impacted by a work stoppage by the National Basketball Association, which delayed the start of the 2011-2012 regular season by approximately two months. This resulted in the Knicks playing a combined six preseason and regular season home and away games during the prior-year period.