Wednesday 8 February 2012

MSG has major profit drop due to lockout (AP)

The Madison Square Garden Co. said Wednesday that the shortened NBA season drove its second-quarter profit down nearly 22 percent The lockout delayed the start of the regular basketball season by about two months. As a result, the New York Knicks only played a combined six preseason and regular season games during the quarter, compared with 40 in the same period last year, cutting into its revenue.

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