The Company's, MSG Media segment's and MSG Sports segment's results of operations for the three and six months ended December 31, 2011 were impacted by the NBA work stoppage. The delay in reaching an agreement . . . delayed the start of the 2011-12 NBA regular season by approximately two months until December 25, 2011. In addition to the delayed start, the resolution of the NBA work stoppage resulted in the 2011-12 regular season being shortened by 16 games, or approximately 19.5%, to a 66-game season. A higher percentage of games will be played in the second half of our 2012 fiscal year as compared to the comparable period of the prior year. In the second quarter of our 2012 fiscal year, the Knicks played a combined 6 preseason and regular season games, of which 2 were home games and 4 were away games, as compared to a combined 40 preseason and regular season games in the comparable period of the prior year, of which 18 were home games and 22 were away games.If the Rangers lose tonight, they could actually miss out on up 21 games over three potential playoff rounds (Eastern Conference, Semifinals, Eastern Conference Final and the Stanley Cup Final). If each series went seven games, I am pretty sure MSG would miss out on 11 or 12 Rangers home games. The home games represent the bigger hit, but Ozanian also left out the fact that MSG would lose advertising and other dollars on the missed away games. But, is this a reason to sell or not buy the stock?
Sell Madison Square Garden If the Rangers Lose?
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