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Madison Square Garden to Spin Off Entertainment Unit

Madison Square Garden Co. has approved a plan to spin off its concert-hosting and entertainment-venue operations as a separate public company from its sports business, which includes the New York Knicks and New York Rangers.

The entertainment company would include New York’s Madison Square Garden, Hulu Theater, Radio City Music Hall and Beacon Theater, among other venues. It would also include MSG’s bookings business and productions, such as the Radio City Rockettes and Christmas Spectacular.

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