Net income decreased -50% to $19.1 million, or 24 cents per diluted share, compared to $38.4 million, or 49 cents per diluted share from the year ago quarter.
Operating income for the 2014 third quarter decreased -57% to $27.4 million from $63.8 million for the 2013 third quarter.
Madison Square Garden reported an 11% increase in revenue to $459 million for its most recent quarter, from $412.4 million for the same period last year.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.