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The Madison Square Garden Company Sells Interest In Live Nation Entertainment, Inc.

NEW YORK, March 12, 2013 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (Nasdaq:MSG) today announced that it has sold all of its approximately 3.9 million shares in Live Nation Entertainment, Inc. for total net proceeds of approximately $44 million. The company had no further comment on the transaction.

The Madison Square Garden Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15647

CONTACT: Kimberly Kerns
         Senior Vice President, Communications
         The Madison Square Garden Company
         (212) 465-6442
         
         Ari Danes, CFA
         Vice President, Investor Relations
         The Madison Square Garden Company
         (212) 465-6072

The Madison Square Garden Company Logo

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