Features
MSGE Split
Madison Square Garden Company split into two publicly traded companies Oct. 1, with its sports and entertainment properties operating under the ticker MSG and its cable operations labeled MSGN.
Photo: AP Photo
Specialist Paul Cosentino, right, directs trading on the floor of the New York Stock Exchange.
The Madison Square Garden Company (MSG) is comprised of the Dolan family’s various sports teams, such as the Knicks and the Rangers, plus the Garden, Radio City Music Hall and its entertainment components.
The first day of trading wasn’t exciting during a day when the market was flat, but Oct. 2 saw MSG’s stock price rise from $152.09 to a close of $171.50. Meanwhile, the MSG Network (MSGN) fell 14 percent the first day to $18.75 but closed the week at $19.34.