Monday, 7 November 2011
Monosodium glutamate can get boost but faces ring hurdles
NY's Madison Square Garden Co. saw a bump in the media biz last quarter that aided cancel out the closure of the fabled arena for just about any planned overhaul. However the organization could face an authentic squeeze in case your labor dispute is constantly scuttle National Basketball League games using the winter.Monosodium glutamate mentioned profit rose 11% to $21 million for your third quarter. Revenue fell 7% to $178 million.Monosodium glutamate has the NY Knicks and Rangers, the WNBA's NY Liberty as well as the Connecticut Whale minor league hockey team.A Garden arena and theater are dealing with an $850 million upgrade being completed phases through 2013. The initial phase was completed as well as the Garden reopened lately before the start of the NHL season.Revenue within the company's entertainment business, including Radio City as well as the Beacon Theater, fell 28% $28 million sports revenue dropped 22% to $29 million. Media revenue, the Monosodium glutamate regional sports systems and Fuse systems, rose 4% to $139 million. Contact the number newsroom at news@variety.com
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