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MSG - Madison Square Garden To Unlock Value In Spin Off Of Sports Teams
The Madison Square Garden Company Class A
The New York Knicks may be perpetual losers, but the company that owns them, The Madison Square Garden Company (MSG) looks like a winner.
The New York entertainment company, which was spun-off from MSG Networks in 2015, consists of two units, MSG Entertainment and MSG Sports.
MSG Entertainment owns what it calls "the world's most famous arena," Madison Square Garden, obviously. The first building called Madison Square Garden opened in 1879 and actually sat in Madison Square, at East 26th Street and Madison Avenue.