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Possible Answers: MSG.
Last seen on: Daily Celebrity Crossword – 8/10/18 Sports Fan Friday
Random information on the term “MSG”:
The Madison Square Garden Company is an American sports and entertainment holding company based in New York City. The company was established in 2010 when Cablevision spun off the New York Knicks, New York Rangers, Madison Square Garden, MSG Network and other entertainment assets as an independent, publicly traded company.
On May 31, 1923, Tex Rickard incorporated the New Madison Square Garden Corporation for the purpose of building and operating the third Madison Square Garden. On January 15, 1925, shortly after the Garden opened, the corporation’s name was changed to the Madison Square Garden Corporation.[3] On April 7, 1960, the Madison Square Garden Corporation merged with its majority shareholder Graham-Paige.[4] On March 9, 1962, Graham-Paige changed its name to the Madison Square Garden Corporation to reflect their largest asset.[5] On August 20, 1977, Gulf and Western Industries, which owned 81% of MSG’s stock, purchased complete control of the corporation and turned it into a whole owned subsidiary. At the time of G&W’s acquisition, the Madison Square Garden Corporation owned the arena, Knicks, Rangers, three horse tracks (Roosevelt Raceway, Arlington Park, and Washington Park Race Track), Holiday on Ice, and real estate holdings in Long Island, Manhattan, and Chicago.[6] Gulf and Western shed its non-media and entertainment assets, became Paramount Communications (owner of Paramount Pictures) in 1989. In 1994, Viacom purchased majority ownership of Paramount Communications, but quickly sold MSG to Cablevision and ITT Corporation.[7] In 1997, ITT sold its half to Cablevision for $650 million.[8]