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MarketScreener Homepage  >  Equities  >  Nyse  >  The Madison Square Garden Company    MSG

THE MADISON SQUARE GARDEN COMPANY

(MSG)
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Madison Square Garden : Introduces Motorola Solutions Radios at Venues Across the Country

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02/18/2020 | 10:02am EDT

MOTOTRBO™ professional two-way radios will facilitate seamless communication between facilities, hospitality and security staff around major events

The Madison Square Garden Company (NYSE: MSG) and Motorola Solutions (NYSE: MSI) today announced the use of MOTOTRBO professional two-way radios at MSG properties across the country. Beginning this month, a total of 1,100 radios will be deployed across Madison Square Garden, Radio City Music Hall, Beacon Theatre and Hulu Theater in New York, The Forum in Los Angeles and the Chicago Theatre in Chicago.

MOTOTRBO push-to-talk digital radios are designed with outstanding range, battery life and responsiveness to enable more effective workplace communications and greater productivity. At MSG properties, they will be used for discreet and seamless communication between facilities, hospitality and security staff, who work closely in the setup and production of major events. PMC Wireless, a Motorola Solutions channel partner and wireless two-way communications integrator, will manage the delivery and integration of the radios and related equipment.

“Communication and organization are imperative for putting on successful events at each of our venues,” said Ron Skotarczak, executive vice president, marketing partnerships, The Madison Square Garden Company. “Our partnership with Motorola Solutions will only benefit our operations and improve the guest experience at all our venues.”

“We’re proud to have been selected by The Madison Square Garden Company to provide advanced workplace communications within their state-of-the-art venues across the country,” said John Zidar, senior vice president of Global Enterprise & Channels, Motorola Solutions. “Our MOTOTRBO professional radios increase collaboration behind the scenes, helping to improve the guest experience and build customer loyalty.”

MOTOTRBO radios are part of Motorola Solutions’ end-to-end enterprise communications suite, which help commercial customers manage disparate technologies and systems. Solutions include two-way radios and broadband devices, robust video security and analytics, dynamic incident management and dispatch software, private LTE (CBRS) and managed and support services.

About The Madison Square Garden Company

The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment experiences. The company presents or hosts a broad array of premier events in its diverse collection of iconic venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA; and The Chicago Theatre. Other MSG properties include legendary sports franchises: the New York Knicks (NBA) and the New York Rangers (NHL); two development league teams – the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and esports teams through Counter Logic Gaming, a leading North American esports organization, and Knicks Gaming, MSG’s NBA 2K League franchise. In addition, the Company features the popular original production – the Christmas Spectacular Starring the Radio City Rockettes – and through Boston Calling Events, produces New England’s preeminent Boston Calling Music Festival. Also under the MSG umbrella is Tao Group Hospitality, a world-class hospitality group with globally-recognized entertainment, dining and nightlife brands including Tao, Marquee, Lavo, Avenue, Beauty & Essex and Cathédrale. More information is available at www.themadisonsquaregardencompany.com.

About Motorola Solutions

Motorola Solutions is a global leader in mission-critical communications and analytics. Our technology platforms in mission-critical communications, command center software and video security & analytics, bolstered by managed & support services, make cities safer and help communities and businesses thrive. At Motorola Solutions, we are ushering in a new era in public safety and security. Learn more at www.motorolasolutions.com.

MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. ©2020 Motorola Solutions, Inc. All rights reserved.


© Business Wire 2020
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Financials (USD)
Sales 2020 1 580 M
EBIT 2020 -72,5 M
Net income 2020 -57,2 M
Finance 2020 412 M
Yield 2020 -
P/E ratio 2020 -98,5x
P/E ratio 2021 -129x
EV / Sales2020 3,33x
EV / Sales2021 3,52x
Capitalization 5 675 M
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Mean consensus BUY
Number of Analysts 10
Average target price 339,94  $
Last Close Price 236,58  $
Spread / Highest target 73,9%
Spread / Average Target 43,7%
Spread / Lowest Target 26,8%
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Managers
NameTitle
James Lawrence Dolan Executive Chairman & Chief Executive Officer
Andrew Lustgarten President
Joel Fisher Executive Vice President-Events & Operations
Victoria M. Mink Chief Financial Officer & Executive Vice President
Richard D. Parsons Independent Director
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