-
Madison Square Garden to spin off sports and entertainment business
Madison Square Garden Co, which owns the New York Knicks and New York Rangers, said it would spin off its sports and entertainment business into a publicly traded company. Shares of Madison Square Garden were up 5.3 percent at $85 in after-market trading. The company said in October that it was exploring a separation of its entertainment business from its media and sports business. The ...
-
Sotheby's nicks CEO from Madison Square Garden
Auction house Sotheby's appointed Madison Square Garden Co Chief Executive Tad Smith its CEO, a surprise development that could delay the plans of the owner of the New York Knicks to spin off its live entertainment business. Sotheby's said on Monday that Smith, who has led Madison Square Garden for just a year, would replace William Ruprecht on March 31. Madison Square Garden's shares fell 1.4 ...