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.

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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

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