Monday, May 11, 2009

Cablevision: MSG Is Not For Sale

Clarification from the Cablevision camp that should a spin off of MSG occur, it would not be for the purpose of selling the properties, merely to put more shareholder value back into the hands of Cablevision stock owners. And the Dolans would continue to retain majority ownership. "The MSG unit includes the Madison Square Garden arena; the MSG and MSG Plus regional sports channels; sports teams the New York Knicks, New York Rangers and New York Liberty; Radio City Music Hall; the Chicago Theater; the Beacon Theater and cable music channel Fuse."

While I did not personally read anything that stated possible selling of MSG, I did read about speculation of possible selling of the Long Island cable system and Rainbow programming unit with Time Warner and Comcast the most likely buyers. Keeping speculation low only drives up the intrigue value. Who knows what will or won't happen. The likely scenario continues to be no change.

1 comment:

  1. Hard to trust anything Cablevision says