This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Madison Square Garden, Inc. Reports Fourth Quarter And Full Year 2010 Results

Results from Operations

Segment results for the quarters ended December 31, 2010 and 2009 are as follows:

  Revenue AOCF Operating Income (Loss)
      %     %     %
$ millions Q4 2010 Q4 2009 Change Q4 2010 Q4 2009 Change Q4 2010 Q4 2009 Change
MSG Media $144.1 $128.5 12.1 % $51.7 $41.2 25.4  % $46.7 $35.2 32.5 %
MSG Entertainment 177.5 177.0 0.3  % 18.1 19.0 (4.5) % 14.5 14.9 (3.0)%
MSG Sports 128.7 123.7 4.1  % 3.2 3.8 (15.8) % (0.6) 0.4 --
Other ( including eliminations ) (17.7) (17.1) (3.3) % (3.5) (1.2) (201.0) % (8.1) (6.6) (23.0)%
Total Company $432.7 $412.0 5.0  % $69.6 $62.9 10.6  % $52.4 $44.0 19.2 %
Note: Does not foot due to rounding
1. See definition of adjusted operating cash flow ("AOCF") included in the discussion of non-GAAP financial measures on page 3 of this earnings release.

MSG Media

MSG Media revenues for the fourth quarter 2010 rose 12.1% to $144.1 million, primarily driven by affiliate fee revenue growth. Affiliate fee revenues increased $12.5 million compared to the year-ago period, largely attributable to higher contractual affiliation rates. Advertising revenues increased $3.9 million compared to the year-ago quarter.  AOCF increased 25.4% to $51.7 million and operating income rose 32.5% to $46.7 million, both as compared to the fourth quarter of 2009. The increases in AOCF and operating income primarily reflect the growth in affiliate fee and advertising revenue, partially offset by higher direct operating and selling, general and administrative expenses.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs