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MSG Spinoff: Day Two

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The Times follows up on Cablevision's statement in its earnings report yesterday that it will "explore the spinoff" of Madison Square Garden, and finds that any such spinoff or sale is likely a ways off. "The operative word here is explore," a Cablevision exec said. The NYT notes that a changing of the guard at MSG "could also influence plans for developing Madison Square Garden and the neighborhood around it, which includes Penn Station and the James A. Farley Post Office," and then goes on to criticize recent Knicks personnel decisions, just because doing so never gets old. [NYT; previously]