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Madison Square Garden 2Q profit tops Street

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NEW YORK (AP) — Madison Square Garden Co.'s fiscal second-quarter net income soared 83 percent, bolstered by higher ad revenue from its media division and lower expenses.

MSG owns and operates sports teams including the New York Knicks of the NBA and the New York Rangers of the NHL. Its business also includes the MSG sports and Fuse music television networks, and venues such as Madison Square Garden and Radio City Music Hall in New York City and the Forum in Inglewood, Calif.

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