The Madison Square Garden Company

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The Madison Square Garden Company
Type Public
Traded as NASDAQMSG
Industry Sports and entertainment
Founded 2010
Founders James L. Dolan
Headquarters New York City, New York, U.S.
Key people James L. Dolan
(Executive Chairman)
Hank Ratner
(Vice Chairman)
Tad Smith
(President and CEO)
Products
Revenue Increase $ 1.062 billion (2009)
Operating income Decrease $ 120.6 million (2009)
Total assets Increase $ 9.384 billion (2008)
Website Official website

The Madison Square Garden Company is an American sports and entertainment holding company based in New York City. The company was established in 2010 when Cablevision spun off the New York Knicks, New York Rangers, Madison Square Garden, MSG Network and other entertainment assets as an independent, publicly traded company.[1]

Divisions[edit]

In addition to owning the Madison Square Garden arena in Manhattan, New York City, The Madison Square Garden Company is divided into three entities.

  • MSG Entertainment is the operating arm of the company. It controls live events at Madison Square Garden, both in the arena and in the Theatre at Madison Square Garden. In addition to the Garden itself, MSG Entertainment owns the rights to operate two theaters in Manhattan: Radio City Music Hall and the Beacon Theatre. Outside New York City, MSG Entertainment controls the operations of the Chicago Theatre (acquired in 2008), and ownership in The Forum in Inglewood, California (acquired in 2012), with the intent of transforming The Forum into a venue to compete with the Staples Center.[2] MSG Entertainment also produces the Radio City Christmas Spectacular (starring the Rockettes), both at Radio City Music Hall and in venues around the United States.

Madison Square Garden, L.P. used to operate the Hartford Civic Center (now the XL Center), an indoor arena in Hartford, Connecticut and Rentschler Field, a stadium in East Hartford under contract with the state of Connecticut until the 2007 season when it was replaced by Northland/Anschutz Entertainment Group.[3][4]

History and corporate ownership[edit]

From its inception in 1927, the Graham-Paige Motors Corporation was a big player in the automobile business but, by 1945, the impact of the Depression and World War II left the company all but out of the car business. In 1947, the Graham Paige decided to sell all of its automotive assets, change the corporate name to Graham Paige Corporation and to start investing in real estate. In 1959, one of the those investments was to buy a 40% interest in the Madison Square Garden III. By 1962, Graham Paige had a controlling interest in the Madison Square Garden Corporation and decided to merge the assets of the two corporations into a new Madison Square Garden Corporation which then began planning to replace the aging arena. In 1977, Gulf and Western Industries bought the company. Gulf and Western shed its non-media and entertainment assets, became Paramount Communications (owner of Paramount Pictures) in 1989. In 1994, Viacom purchased majority ownership of Paramount Communications, but quickly sold MSG to Cablevision. In 2010, Cablevision spun off the MSG properties, including the sports franchises, into The Madison Square Garden Company, L.P.

Officers[edit]

  • James L. Dolan - Executive Chairman
  • Hank J. Ratner - Vice Chairman
  • Tad Smith - President and CEO
  • Phil Jackson - President, Basketball Operations - New York Knicks
  • Glen Sather - President and General Manager - New York Rangers
  • Ryan O'Hara - President - Content, Distribution and Sales
  • Dave Howard- President - MSG Sports
  • Mike Bair - President- MSG Media
  • Melissa Ormond - President - MSG Entertainment
  • Barry Watkins- EVP- Communications and Administration

References[edit]

External links[edit]