Acquired: 9/30/2015 MSG spinoff
Cost basis: $21.61
Current Portfolio Status: Hold
Dividend Reinvestment: N
No Dividends paid
Shares held on account at Motif
MSG Networks Inc. is comprised of two sports and entertainment networks, MSG Network (MSG) and MSG+, as well as MSGNetworks.com and MSG GO. MSG Networks is home to eight professional sports teams: the New York Knicks; New York Rangers; New York Liberty; New York Islanders; New Jersey Devils; Buffalo Sabres; New York Red Bulls and the Westchester Knicks.
In addition, the two networks showcase college football and college basketball from top conferences, including the Atlantic Coast Conference (football and basketball), Big 12 (football and basketball), Conference USA (football and basketball) and the Big East (basketball).
MSG is also the official regional sports network of the New York Giants, delivering exclusive, non-game coverage of the National Football League team.
The company was formerly known as The Madison Square Garden Company and changed its name to MSG Networks Inc. in September 2015 in conjunction with the MSG spinoff. The company was founded in 1874 and is based in New York, New York.
Reason for holding: Potential takeover candidate. Possible suitors include CMCSA and FOX.