Most in the NBA...Go figure...Say thanks to DJ...He is at every game..

Got those stats from a caller on SAS show...His best caller, Rick from Brooklyn...Great listen..

Thats said, wow....Half a billion USD....And we all think Jimmy is a dummy and can't wait for him to sell the Knicks, don't hold your collective breaths....

With no playoffs mind you..where you make major ducketts....



[Edited by - holfresh on 11-19-2007 3:09 PM]

Rick from Brooklyn who hates Jamal Crawford with a white-hot passion? Yeah, he's quite the character.

Posted by K22:

Rick from Brooklyn who hates Jamal Crawford with a white-hot passion? Yeah, he's quite the character.

yeah, he has been on Craw since SAS show first began years ago....Funny stuff...

down with dj.

According to Forbes, the team's value is 595 million. They take in more like 185 mil.

http://www.forbes.com/lists/2006/32/biz_06nba_New-York-Knicks_328815.html

(The report is a year old.)

Now I'm not quite so mad at DJ for attending games.

[Edited by - basketballjones on 11-19-2007 15:23]

Posted by Andrew:

Cablevision or the Knicks made this much $?

He said the Knicks, Cablevision made 1.5 bil last quarter which was a loss compared the the year prior...

[Edited by - holfresh on 11-19-2007 3:43 PM]

I think I might trust Forbes more than "Rick in Brooklyn" on what the Knicks revenue is. I doubt it jumped from 185 to 500 million.

NEW YORK -

Cablevision Systems Corp. on Thursday reported a wider net loss for the third quarter, but operating income rose 59 percent as more cable TV customers signed up for high-speed Internet and digital phone services.

Cablevision (nyse: CVC - news - people ) also trimmed its forecast for full-year growth in cash flow, from 10 percent to 9 percent, and said it expects to add fewer customers for premium services in 2007 than it had forecast three months ago. The news came two weeks after shareholders rejected a bid to take the company private.

Cablevision, which also owns Madison Square Garden, Radio City Music Hall and the New York Knicks, posted a loss of $79.3 million, or 27 cents per share, versus a loss of $59.2 million, or 21 cents per share, in the same period a year ago.

Revenues rose 9.4 percent to $1.51 billion.

Investors pushed Cablevision's shares lower following the forecast cuts. The shares touched a new 52-week low of $25.57 and were down 8 cents at $26.45 Thursday. The stock had traded as high as $39.75 over the last year.

Cablevision's shares have fallen in tandem with other cable companies over the last three months, partly over concerns about competitive threats from satellite TV providers and new offerings of video and high-speed Internet services from phone companies.

Several non-operating factors, including a higher tax benefit in the year-ago period as well as losses associated with retiring debt and from investments, affected the latest results.

Operating income jumped 59 percent to $202.1 million, driven by gains in its main business, cable TV.

Cable earnings rose 22 percent to $208.1 million, as the company added 52,000 Internet service customers and 91,000 phone customers, but basic video customers declined 16,000. Cablevision has a total of about 3 million cable customers in the New York area.

Investors have been focused on efforts by Verizon Communications (nyse: VZ - news - people ) Inc. to offer video and data services over super-fast fiber optic lines in Cablevision's territory, largely in New York's Long Island.

Cablevision's chief operating officer Tom Rutledge said on a conference call that Verizon was now able to offer the services in about 800,000 homes, or about 25 percent of Cablevision's footprint. Analyst Craig Moffett of Sanford Bernstein said in a note to investors that Cablevision's customer losses in a seasonally weak quarter were "modest."

Profits from the AMC, IFC and WE cable channels jumped to $25 million from $6.8 million a year ago, driven by a 22 percent increase in advertising revenues on stronger results at AMC. Rainbow chief Josh Sapan said on the conference call that AMC had commissioned a second season of its hit show "Mad Men" which would air next summer.

Operating losses at Madison Square Garden narrowed to $6.2 million from $24.5 million a year ago.

Cablevision's investors voted on Oct. 24 to reject a bid from the Dolan family, which controls Cablevision through a special class of stock, to take the company private at $36.26 per share. The Dolans had been trying to take the company private for two years.

The Dolans gave notice in a regulatory filing Wednesday that they were formally terminating the offer.

[Edited by - holfresh on 11-19-2007 3:36 PM]

Posted by arkrud:

The $500 millions is the team price tag if it will go for sale.
The guy has no idea what he is talking about or being misunderstood.
The price is indication of potential and value of assets.
Operational loses are about 40 mil and I think this is glorified number.
If Dolan want to sell the club the window for this is closing. The price tag will go down next year.
from other hand nobody will pay this money for such junk and they need to devaluate club to 300-350 to get somebody interested. If this is what they doing - they are handling this just great.


[Edited by - arkrud on 11-19-2007 3:38 PM]

I'm no accountant...but do you really believe the window to sell the Knicks is closing?

Possibly the premier franchise is basketball??

Posted by arkrud:

The $500 millions is the team price tag if it will go for sale.
The guy has no idea what he is talking about or being misunderstood.
The price is indication of potential and value of assets.
Operational loses are about 40 mil and I think this is glorified number.
If Dolan want to sell the club the window for this is closing. The price tag will go down next year.
from other hand nobody will pay this money for such junk and they need to devaluate club to 300-350 to get somebody interested. If this is what they doing - they are handling this just great.


[Edited by - arkrud on 11-19-2007 3:38 PM]

I doubt the Knicks franchise will ever be worth less than $500 million. If someone even reasonably competent was running it, it's the most profitable and recognizable team in the NBA, aside from maybe the Lakers.

Heres what I don't get about Dolan.

Dolan is obviously a businessman and as a businessman shouldn't he want his business to be worth as much as it possibly can?

Right now the Knicks, while in this neverending loop of mediocrity, could be worth so much more money if they were actually good and a winning franchise. Couple that with all the money that is being wasted by Isiah Thomas and the blackeye the company sustained with Annucha lawsuit, shouldn't Dolan be in an absolute hurry to hire a qualified guy like Colangelo or West to make one of his assets worth more money?