For the fiscal fourth quarter, MSG Media revenues of $167.0 million grew 20%, as compared to the prior year period. Affiliate fee revenue increased $19.5 million, as compared to the prior year quarter, primarily attributable to higher affiliation rates. Advertising revenue increased $3.7 million, as compared to the prior year quarter. Other revenue increased $4.3 million, as compared to the prior year quarter, primarily attributable to a short-term programming licensing agreement. AOCF of $65.9 million increased 13% and operating income of $59.5 million increased 15%, both as compared to the prior year quarter. The increase in AOCF and operating income primarily reflects higher revenues, largely offset by an increase in direct operating expenses and, to a lesser extent, an increase in selling, general and administrative expenses.MSG Entertainment
The Madison Square Garden Company Reports Fourth Quarter And Fiscal 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.