MSG reports $14M profit in 2Q
Madison Square Garden Inc., Manhattan
Sports, entertainment and media
Net incomE: Profit of $14 million, compared with loss of $3.9 million in the same period last year
RevenuE: $227.1 million compared with $207.3 million in the year-ago quarter
OutlooK: Chief executive Hank Ratner said the "transformation of Madison Square Garden into a state-of-the-art facility is now under way and we remain confident that the transformed arena will further enhance our growth profile in the years ahead."
Company statemenT: "Madison Square Garden's strong second-quarter growth is a continued reflection of the integrated approach to our dynamic content, iconic venues and programming distribution platforms."
The Dolan family owns controlling interests in MSG and Cablevision. Cablevision owns Newsday.
'I've never seen fire sitting on the water' Three Newsday photographers talk to NewsdayTV's Macy Egeland about covering the tragic crash of TWA Flight 800 in 1996.
'I've never seen fire sitting on the water' Three Newsday photographers talk to NewsdayTV's Macy Egeland about covering the tragic crash of TWA Flight 800 in 1996.
