loweyecue - Cablevision has more money than God. In 2008 its revenues were $ 7.230 billion.
Madison Square Garden Inc.
On February 9, 2010 Cablevision spun off its subsidiary Madison Square Garden, L.P. into a new company named Madison Square Garden, Inc.. Although a separate company, James Dolan is the chairman and remains an important figure in both companies. The company has three division consisting of professional sports teams, two regional sports networks, and several entertainment venues.
MSG Inc. controls the Madison Square Garden arena in New York City, and the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the Rangers.
MSG Inc. also holds the TV rights for the Knicks, Rangers, Liberty, New York Islanders, New Jersey Devils, Buffalo Sabres and Red Bull New York. These games are aired on their MSG Network and MSG Plus (formerly FSN New York) cable channels. Cablevision previously had the rights to the New York Yankees, New Jersey Nets and New York Mets, who left to start their own channels. Cablevision also previously attempted to purchase the Yankees, Mets and Boston Red Sox, in part, to control their broadcast rights.
Other properties that are owned by MSG Inc., include the Beacon Theater [19], WaMu Theater, and a long-term lease to operate Radio City Music Hall.
The Dolan family will not sell the Knicks, poised on the verge of becoming relevant again, and with the 2011 MSG renovations in place.
8/8/2010 8:05 PM