nytimes.com - The Madison Square Garden Company confirmed on Friday that it will break itself up, dividing the New York Knicks and Rangers professional sports teams from the company’s regional sports networks.
The move comes five months after the company announced plans to explore such a breakup, becoming the latest denizen of corporate America to slim down and become more focused.
Madison Square Garden previously disclosed that it had been considering such a split since last summer as it weighed ways of better showcasing the value of its operations — particularly its sports teams.
No comments:
Post a Comment