5/6 – MSG Reports Solid Earnings, Arena Renovation in the Works

The Madison Square Garden Company today reported first quarter 2011 revenues of $330.4 million increased 7.8%, as compared to the first quarter of 2010, reflecting an increase in revenues in the company’s MSG Media, MSG Entertainment and MSG Sports segments.  Much of the revenue improvements came from higher professional sports team food, beverage and merchandise sales and regular season ticket-related revenues, event-related revenues from other live sporting events, sponsorship and signage revenues, and suite rental fees.

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