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.
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