Entertainment & Arts
ITT Corp. and Cablevision Systems Inc. will buy Madison Square Garden, two professional sports teams and a regional cable television service from Viacom Inc. for nearly $1.1 billion, sources close to the transaction said Saturday.
Aug. 28, 1994
Sports
The owners of Madison Square Garden announced a plan to replace the arena with a $1-billion office complex and build a new sports arena two blocks away on Manhattan’s West Side in New York.
April 27, 1986
Despite an effort to make a preemptive bid for Madison Square Garden, sources said Wednesday that the self-proclaimed “manifest destiny” of cable TV giant Tele-Communications Inc. to acquire the famous New York sports and entertainment complex is far from assured.
Aug. 4, 1994
ITT Outbids TCI for Madison Square Garden: ITT Corp. and its partner Cablevision Systems Corp. have bid between $1.3 billion and $1.4 billion for the Madison Square Garden properties being sold by Viacom Inc., far exceeding a rival bid from cable giant Tele-Communications Inc., CNBC Television reported.
Aug. 18, 1994
Business
Amid a space crunch pushing rents to record levels, the biggest new office development that Los Angeles’ bustling Westside has seen in nearly a decade has signed several new tenants as its July opening date nears and has provoked speculation about whether it will soon be sold.
May 30, 2000
Madison Square Garden is a logical bidder in AEG sale
Sept. 19, 2012
Three management groups made bids Monday to become private operators of the Los Angeles Memorial Coliseum and Sports Arena complex, launching what Coliseum officials said may be protracted negotiations on the future of the facilities.
Oct. 27, 1987
The family would create Rainbow Media, which would include its cable channels and Madison Square Garden.
June 21, 2005
Cablevision Systems Corp., a New York-area cable TV provider that also owns Madison Square Garden, said Wednesday that it had agreed to be taken private by the Dolan family, the company’s controlling shareholders, in a deal worth about $10.6 billion.
May 3, 2007
With its proposed merger with Blockbuster Entertainment Corp. on increasingly shaky ground, speculation is growing that Viacom Inc. will soon put a chunk of assets up for sale to trim the debt from its $10-billion acquisition of Paramount Communications Inc.
April 12, 1994