About MSGN HOLDINGS, L.P.

MSG Networks owns the legendary Madison Square Garden Arena. The company also owns or operates Radio City Music Hall, the Chicago Theatre, the Beacon Theater, and the Forum near Los Angeles. MSG also owns sports teams the New York Knicks of the NBA and the NHL's New York Rangers, which operate as part of the company's MSG Sports segment. Its MSG Media unit distributes television programming through cable. The company owns regional sports networks MSG, MSG+, and streaming platform MSG Go offering games for basketball’s Knicks and New York Liberty and hockey’s Rangers, New York Islanders, New Jersey Devils, and Buffalo Sabres.

Operations

Sports and entertainment venues, content, and distribution assets are complementary components of MSG's diverse portfolio that bring in revenue streams across multiple channels. In non-sports related entertainment, the company produces or hosts big names in music and other live performances. Madison Square Garden plays host to about 400 events every year.

Financial Performance

Revenues decreased considerably in fiscal 2016 compared to the prior fiscal period. MSG Networks repored $658.2 million in revenue for fiscal 2016 after claiming about $1.62 billion the prior fiscal period. Its net income also dipped during fiscal 2016. The company reported $7.63 million for net income in fiscal 2016 after claiming a net income of $254.7 million in fiscal 2015. The drop in revenue and net income was largely due to the spin-off of the company's entertainment business during 2015. MSG did report a “low-single-digit percentage decrease in subscribers” for the last quarter of 2016.

Strategy

The company's sports franchises provide an anchor attraction for its Manhattan venue as well as content for its MSG cable networks that broadcasts sports coverage. By focusing on its sports teams, MSG hopes to generate greater revenue through ticket sales and concessions at Madison Square Garden while boosting viewership (and advertising sales) on its MSG Networks.

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Company News and Press Releases

MSGN HOLDINGS, L.P.

4 Penn Plz
New York, NY 10121-0078
Phone: 1 (212) 465-6000
Fax: 1 (212) 465-6498

Stats

  • Employer Type: Public
  • Pres: Mike Bair
  • Chief Electrician: Mike Fitzgerald
  • President Chief Executive Officer: David O'connor
  • Employees: 500

Major Office Locations

  • New York, NY

Other Locations

  • Suitland, MD