Nothing succeeds like success. The 23-year old New York Knicks point guard, Jeremy Lin, is a case in point.
The Knicks’ winning streak has ignited a Lin mania. Vendors have been selling out of Lin merchandise. TV ratings have gone through the roof.
To make money from Lin’s success, you do not need to sell T-shirts. Consider buying the stock of the Madison Square Garden Company (MSG). MSG owns not only Madison Square Garden but it also owns the Knicks and the National Hockey League’s New York Rangers.
MSG was part of Cablevision (CVC), but has been operating as an independent company for about a year. MSG is controlled by the Dolan family. MSG is comprised of: MSG Media, MSG Entertainment, and MSG Sports. The MSG Media runs MSG Networks and the Fuse Networks, which offer sports and musical content.
MSG Sports owns and operates sports franchises including the Knicks and Rangers. MSG leases Radio City Music Hall and the Beacon Theatre in New York City.
MSG and Time Warner Cable (TWC) have been locked in a battle over rates. MSGs channel has been off of Time Warner screens since December 31, 2011. The last deal between the two companies regarding the rates was agreed upon in 2005. The dispute centers around how much payment MSG should receive per subscriber from Time Warner.
Lin mania has put MSG in the cat bird’s seat.
FiOS, a TV service from Verizon (VZ) is not yet available throughout New York…Read more at Forbes