|Bid||268.35 x 800|
|Ask||268.83 x 2200|
|Day's Range||267.01 - 268.67|
|52 Week Range||240.33 - 317.70|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||558.23|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||354.49|
Logan Riman, 14, is blind and has autism, and his idol is the piano man himself, Billy Joel. The two played piano together before Joel's concert at Madison Square Garden.
The New York Knicks and Hospital for Special Surgery (HSS), announced today a renewed and expanded multi-year marketing partnership designating HSS as the Official Hospital Partner of the New York Knicks, Westchester Knicks and Knicks Gaming. The agreement provides HSS with premier brand integration across the Knicks’ unrivaled set of assets, including digital platforms, in-game signage and the Junior Knicks youth basketball platform.
NEW YORK, Aug. 28, 2019 -- The Madison Square Garden Company (NYSE: MSG), MSG Networks Inc. (NYSE: MSGN) and AMC Networks Inc. (NASDAQ: AMCX) today announced that Vice.
(Bloomberg) -- Jim Dolan is having a bad week, and the Knicks’ season hasn’t even started yet.On Wednesday, MSG Networks Inc., the sports-channel operator where Dolan is executive chairman, said its subscribers shrank by 6.5% last quarter, or more than twice the rate of the broader pay-TV industry. The subscriber losses sent the company’s shares tumbling as much as 14%, their biggest drop ever.David Joyce, an analyst at Evercore ISI, downgraded the stock, citing “dramatic subscriber losses.”“We are incrementally concerned about the subscriber trends and affiliate revenue impacts,” Joyce said in a note to clients.The stock decline came a day after shares of Madison Square Garden Co., a separate live-entertainment company also led by Dolan, had a record decline after it disclosed the steep cost of building a new venue in Las Vegas.Consumers are dropping their cable-TV subscriptions in favor of cheaper online options, threatening the futures of cable-channel owners like MSG Networks that rely on collecting subscriber fees to grow their profits. Sports channels have become especially vulnerable in the era of cord-cutting, as TV distributors create cheaper packages that don’t include them.MSG Networks disclosed the subscriber losses while reporting fourth-quarter revenue and profits that fell short of analysts’ expectations.Four years ago, the Dolans shifted the sports channels, which air New York Knicks and New York Rangers games, into a company separate from those famous sports franchises and venues like Madison Square Garden and Radio City Music Hall.To contact the reporter on this story: Gerry Smith in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Madison Square Garden's (MSG) top line in fourth-quarter fiscal 2019 was impacted by the Entertainment and Sports segments' dismal performance.
Investing.com - Madison Square Garden (NYSE:MSG) slumped on Tuesday after its fiscal fourth-quarter earnings failed to meet forecasts due to weakness in its sports business.
(Bloomberg) -- Madison Square Garden Co.’s big Las Vegas bet has investors sweating.Shares of the New York live-entertainment company fell their most ever after it disclosed the steep cost of building a new venue in the gambling mecca.The stock fell as much as 9.3% to $266, hitting its lowest mark since January.Investors were jarred by potential cost overruns of a concert and event venue called the Las Vegas Sphere. MSG approved a preliminary construction budget of $1.2 billion, but a contractor estimated the expense would be $1.7 billion.If the actual cost is “somewhere in the middle,” that’s still higher than Wall Street estimates, said David Joyce, an analyst at Evercore ISI.Even $1.2 billion would dwarf the budget of other venues. Las Vegas’s T-Mobile Arena, which opened just down the street in 2016, cost $375 million.MSG plans to open the high-tech Las Vegas venue in 2021. It will host concerts, product launches, award shows and sporting events and feature an interior display the size of three football fields, the company said.Spinoff PlanMeanwhile, MSG, led by Executive Chairman and Chief Executive Officer Jim Dolan, is still looking to spin off its pro-sports franchises, including the New York Knicks and New York Rangers, believing it can wring more value from the iconic teams if they’re an independent business.The proposal would split off the sports teams from MSG’s live-entertainment operations, which would keep famous venues such as Madison Square Garden and Radio City Music Hall, as well as a hospitality group, a music festival producer and about $1 billion in cash.On Tuesday, the company said the spinoff process “is taking longer than expected” and it was committed to completing it in the first quarter of 2020.The high construction costs in Las Vegas and the additional waiting period for the spinoff are likely to weigh on the company’s shares, Joyce said.MSG shares are now roughly flat this year, compared with a 16% gain for the S&P 500 Index.To contact the reporter on this story: Gerry Smith in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Madison Square Garden Company (MSG) delivered earnings and revenue surprises of -31.62% and -4.42%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, Aug. 20, 2019 -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the fourth quarter and fiscal year ended June 30, 2019. For.
NEW YORK, NY / ACCESSWIRE / August 20, 2019, 2018 / The Madison Square Garden Co. (NYSE: MSG ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on August 20, 2019 ...
The Madison Square Garden (MSG) fourth-quarter fiscal 2019 results are likely to be hurt due to the Sports and Entertainment business' dismal performance.
NEW YORK, Aug. 14, 2019 -- The Madison Square Garden Company (NYSE: MSG) announced today that its fiscal 2019 fourth quarter earnings conference call has been rescheduled to.
NEW YORK, Aug. 13, 2019 -- The Madison Square Garden Company (NYSE: MSG) will host a conference call to discuss results for its fiscal fourth quarter ended June 30, 2019 on.
The Madison Square Garden Company (MSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with...
NEW YORK, July 22, 2019 -- The Madison Square Garden Company (NYSE:MSG) today announced that Academy Award-winning producer and creator, Kristina Reed, has joined MSG as Senior.
This All-New Family Theatrical Will Make Its Debut At The Madison Square Garden Company’s Venues:The Chicago Theatre and Hulu Theater at Madison Square Garden THE LIMITED.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the latest news from the world of legalized sports gambling and esports.