Madison Square Garden Company Considers Split

The board approves a plan to explore a split for the live entertainment businesses and another for the media and sports businesses; and also approves up to $500 million in stock buybacks The Madison Square Garden Company's board has approved a plan to consider splitting the company into two entities, one for the live entertainment business and the other for sports and media businesses. The discussions about breaking MSG up into two public companies has been going on since July, according to an announcement.

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