Madison Square Garden's full year 2009 net revenues increased 1.9% to $1.062 billion compared with the full year 2008. Madison Square Garden, Inc. trades on the “NASDAQ” under the stock symbol “MSG”. For the Latest information regarding “MSG”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Madison Square Garden, Inc. (NASDAQ:MSG) today reported financial results for the fourth quarter and full year ended December 31, 2009. MSG became a public company on February 9, 2010.
Madison Square Garden's full year 2009 net revenues increased 1.9% to $1.062 billion compared with the full year 2008. Operating income increased $63.3 million to $45.0 million and adjusted operating cash flow increased $59.9 million to $120.6 million, each compared to the prior year.
Madison Square Garden President and CEO Hank Ratner said: "We are pleased by MSG's significant growth in AOCF, as well as our revenue results for the year, especially in light of the difficult economic environment. As we move forward as a public company, we are enthusiastic about the growth opportunities for each of our segments, and confident that our powerful brands and assets will work together to strengthen our overall business. Combined with the benefits the renovation of Madison Square Garden is expected to bring, we are excited about the future prospects of our fully-integrated sports, entertainment and media business."
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