Cablevision

MSG Entertainment to Acquire MSG Networks

Retrieved on: 
Friday, March 26, 2021

Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) and MSG Networks Inc. (MSG Networks) (NYSE: MSGN) today announced they have reached a definitive agreement for MSG Entertainment to acquire MSG Networks in an all-stock, fixed exchange ratio transaction.

Key Points: 
  • Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) and MSG Networks Inc. (MSG Networks) (NYSE: MSGN) today announced they have reached a definitive agreement for MSG Entertainment to acquire MSG Networks in an all-stock, fixed exchange ratio transaction.
  • Upon the closing of the transaction, MSG Networks stockholders would receive 0.172 shares of MSG Entertainment Class A or Class B common stock for each share of MSG Networks Class A or Class B common stock they own.
  • The Special Committee of the Board of Directors of MSG Entertainment, and the full Board, based on the recommendation of the MSG Entertainment Special Committee, have each recommended that MSG Entertainment stockholders approve the issuance of MSG Entertainment common stock required for the transaction.
  • The holders of all of the outstanding shares of MSG Networks Class B common stock and MSG Entertainment Class B common stock, who have sufficient votes to approve the transaction, have entered into voting agreements pursuant to which they have agreed to vote all of the MSG Networks Class B common stock and MSG Entertainment Class B common stock in favor of the adoption of the merger agreement and the issuance of MSG Entertainment common stock required for the transaction, respectively.

Northwell Health-GoHealth Urgent Care Teams up With MSG Sports to Welcome Back Fans

Retrieved on: 
Thursday, February 25, 2021

Northwell Health-GoHealth Urgent Care is working with MSG Sports to offer a convenient, trusted COVID-19 PCR testing solution for fans who have been welcomed back to Madison Square Garden.

Key Points: 
  • Northwell Health-GoHealth Urgent Care is working with MSG Sports to offer a convenient, trusted COVID-19 PCR testing solution for fans who have been welcomed back to Madison Square Garden.
  • Thats why MSG Sports has teamed up with Northwell Health-GoHealth Urgent Care to provide PCR testing so fans can safely return to The Garden and enjoy a truly New York experience.
  • We are proud to support MSG Sports as it welcomes fans back to Madison Square Garden, said Susan Bortone, senior director of operations at Northwell Health-GoHealth Urgent Care.
  • GoHealth Urgent Care is one of the countrys fastest-growing, largest and most technology-forward urgent care companies.

The New York Knicks and Squarespace Announce Fourth Annual “Make It Awards” 

Retrieved on: 
Wednesday, February 10, 2021

Starting today and through March 12, participants will have the opportunity to apply for this initiative on www.makeitawards.com .

Key Points: 
  • Starting today and through March 12, participants will have the opportunity to apply for this initiative on www.makeitawards.com .
  • Additionally, Squarespace Founder and CEO Anthony Casalena will return as a judge for a fourth year.
  • "Together with Madison Square Garden Sports and The New York Knicks, the Make It Awards have gifted $360,000 to local NYC entrepreneurs since 2018, said Anthony Casalena, Founder and CEO of Squarespace.
  • Through their partnership, the New York Knicks and Squarespace continue to display a shared passion for the drive and grit that personifies New York City, highlighting their dedication to the citys local businesses, which is needed now more than ever.

Madison Square Garden Entertainment Corp. to Host Fiscal 2021 Second Quarter Conference Call

Retrieved on: 
Wednesday, February 10, 2021

Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2020 on Friday, February 12, 2021 at 10:00 a.m. Eastern Time.

Key Points: 
  • Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss results for its fiscal second quarter ended December 31, 2020 on Friday, February 12, 2021 at 10:00 a.m. Eastern Time.
  • To participate via telephone, please dial 888-421-7163 with the conference ID number 2326248 approximately 10 minutes prior to the call.
  • About Madison Square Garden Entertainment Corp.
    Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment experiences.
  • The Company presents or hosts a broad array of events in its diverse collection of venues: New Yorks Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre.

MSG Networks to Unveil Free-to-Play Gaming App for Sports Fans

Retrieved on: 
Thursday, February 4, 2021

MSG Networks Inc. (NYSE: MSGN) today announced that it will launch a new, free-to-play app MSG Networks Pick Em developed in partnership with Boom Sports, a leader in online sports-gaming technology.

Key Points: 
  • MSG Networks Inc. (NYSE: MSGN) today announced that it will launch a new, free-to-play app MSG Networks Pick Em developed in partnership with Boom Sports, a leader in online sports-gaming technology.
  • MSG Networks Pick Em will further deepen our connection with viewers, providing sports fans with a fun and, potentially, rewarding way to enjoy MSG Networks live coverage of their favorite sports teams, while providing MSG Networks with new revenue opportunities.
  • MSG Networks Pick Em is the latest example of MSG Networks commitment to innovation and creating engaging content for its viewers.
  • Official rules, scoring, prize and other information for MSG Networks Pick Em will be available when the app launches.

MSG Entertainment Provides Update on Construction of MSG Sphere in Las Vegas

Retrieved on: 
Thursday, December 17, 2020

MSG Entertainment, through a wholly-owned subsidiary, will manage construction of MSG Sphere in Las Vegas, with direct responsibility for strategic planning and the construction timeline, as well as management of all subcontractors.

Key Points: 
  • MSG Entertainment, through a wholly-owned subsidiary, will manage construction of MSG Sphere in Las Vegas, with direct responsibility for strategic planning and the construction timeline, as well as management of all subcontractors.
  • As previously disclosed, MSG Entertainment expects to open MSG Sphere in Las Vegas in calendar 2023.
  • About Madison Square Garden Entertainment Corp.
    Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment experiences.
  • MSG Entertainment is also building a new state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian, and has announced plans to build a second MSG Sphere in London, pending necessary approvals.

FiberLight Appoints Christopher Rabii as Chief Executive Officer

Retrieved on: 
Monday, November 23, 2020

FiberLight, LLC , a fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, announces the appointment of Christopher Rabii as Chief Executive Officer (CEO).

Key Points: 
  • FiberLight, LLC , a fiber infrastructure provider with more than 20 years of experience building and operating mission-critical, high-bandwidth networks, announces the appointment of Christopher Rabii as Chief Executive Officer (CEO).
  • Rabii is taking the place of Jim Lynch, who was announced as the companys interim CEO in July 2020 and will remain the Executive Chairman of FiberLight.
  • Prior to his role at Altice, Rabii served as the SVP of Operations and Chief Technology Officer at Cablevision Lightpath, which was acquired by Altice in 2016 .
  • I am excited to take the reins at FiberLight, which recently recapitalized the business to focus on its mission-critical fiber network deployments throughout Texas and the Northern Virginia markets, comments Chris Rabii, CEO of FiberLight.

Madison Square Garden Entertainment Corp. to Host Fiscal 2021 First Quarter Conference Call

Retrieved on: 
Wednesday, November 11, 2020

Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2020 on Monday, November 16, 2020 at 4:30 p.m. Eastern Time.

Key Points: 
  • Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fiscal first quarter ended September 30, 2020 on Monday, November 16, 2020 at 4:30 p.m. Eastern Time.
  • To participate via telephone, please dial 888-421-7163 with the conference ID number 8046795 approximately 10 minutes prior to the call.
  • About Madison Square Garden Entertainment Corp.
    Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment experiences.
  • The Company presents or hosts a broad array of events in its diverse collection of venues: New Yorks Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre.

Madison Square Garden Sports Corp. Reports Fiscal 2021 First Quarter Results

Retrieved on: 
Monday, November 9, 2020

The reported financial results of the Company for the three months ended September 30, 2020 reflect the Companys results on a standalone basis, including the Companys actual corporate overhead.

Key Points: 
  • The reported financial results of the Company for the three months ended September 30, 2020 reflect the Companys results on a standalone basis, including the Companys actual corporate overhead.
  • Direct operating expenses of $39.8 million increased $21.4 million, or 116%, as compared with the prior year period.
  • This included significant amounts related to player and corporate personnel that typically occur in the fiscal first quarter and not during the balance of the year.
  • MADISON SQUARE GARDEN SPORTS CORP.

Madison Square Garden Sports Corp. to Release Fiscal 2021 First Quarter Results

Retrieved on: 
Friday, November 6, 2020

Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Monday, November 9, 2020 before the market opens, reporting results for its fiscal first quarter ended September 30, 2020.

Key Points: 
  • Madison Square Garden Sports Corp. (NYSE: MSGS) will issue a press release on Monday, November 9, 2020 before the market opens, reporting results for its fiscal first quarter ended September 30, 2020.
  • The Company will not hold an earnings conference call.
  • The Company disclosed in its fiscal 2020 fourth quarter press release that it will host two earnings conference calls per year, one for its fiscal second quarter, and one for its fiscal fourth quarter.
  • MSG Sports also operates two professional sports team performance centers - the MSG Training Center in Greenburgh, NY and the CLG Performance Center in Los Angeles, CA.