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Madison Square Garden Unveils Great Moments in Arena's 130+ Year History That Will be Celebrated and Commemorated in Transformed

Madison Square Garden Unveils Great Moments in Arena's 130+ Year History That
Will be Celebrated and Commemorated in Transformed Arena

"Garden 366" Visual Retrospective and "Defining Moments" Exhibits Debut When
Arena Reopens in November 2012

NEW YORK, Oct. 11, 2012 (GLOBE NEWSWIRE) -- Madison Square Garden (Nasdaq:MSG)
announced today the greatest moments in the Arena's more than 130 year history
that will be celebrated and commemorated through two unique exhibits – "Garden
366" and "Defining Moments" – that will be unveiled as part of Phase II of The
Garden's historic three-year, top-to-bottom Transformation this Fall. Since
1879, The Garden's four Arena complexes have played host to some of the
greatest moments in the history of sports, music, entertainment and politics.
With the "Garden 366" visual retrospective and "Defining Moments" special
exhibits, the Garden will showcase through amazing photos and artifacts, the
moments that have solidified its position as The World's Most Famous Arena.

"Over the last 133 years, The Garden has played host to some of the most
memorable moments in sports, entertainment and politics, and it was important
to us that we celebrate and honor this unparalleled history by capturing these
incredible moments as part of the transformed Garden," said Hank Ratner,
president and CEO, The Madison Square Garden Company. "Whether a fan wants to
discover what happened on their birthday, recall events they attended over the
years or learn about all of the magical Garden moments, we believe – with the
'Garden 366' and 'Defining Moments' exhibits – that we have successfully
created what will become a special destination for all fans who visit The
Garden. Over time, as more memorable moments continue to occur, these exhibits
will be updated to include the next great moment that happens at The World's
Most Famous Arena."

When fans return to The Garden in November, the Madison Concourse (6^th Floor)
will be completed with the addition of "Garden 366," a visual retrospective
that brings to life one moment in Garden history for every day of the year.
The retrospective will wrap the entire circumference of the Arena, creating a
visual calendar of The Garden's rich history spanning sports, music,
entertainment and politics. In addition, this fall, the first 10 of 20 of The
Garden's "Defining Moments" will be commemorated on the Madison Concourse
through special exhibits that feature photos, memorabilia and additional
artifacts, representing each of these amazing moments in Garden history. The
remaining 10 "Defining Moments" will be integrated into the Garden Concourse
(8^th Floor) for debut in fall 2013.

To view all of the moments that will be a part of "Garden 366" and the first
10 of 20 "Defining Moments" that will be unveiled this fall, along with select
images, click here:
https://dl.dropbox.com/u/4634540/Garden%20366%20and%20Defining%20Moments.zip

Also part of Phase II of the Garden Transformation, the seating configuration
in the upper bowl of the Arena will be completely transformed, offering
larger, more comfortable seats and significantly improved sightlines as the
incline for the upper bowl will increase 17 degrees, moving fans seven to 10
feet, or nearly three rows, closer to the action. The new, expanded Garden
Concourse will include city views, additional restrooms and retail locations,
and new first-class food and beverage options. Additional new elements will
include 58 new Madison Level Suites, which will open throughout the 2012-13
season, and the Madison Club, both located as close as 23 rows away from the
Arena floor. The Madison Club will be a new all-inclusive, exclusive
membership-only club that will include tickets to Knicks, Rangers, college
basketball, boxing, tennis and all other sports events held at The Garden.

The first phase of the Transformation debuted in fall 2011 and included a
completely transformed lower bowl of the Arena, with new larger, more
comfortable seating and the expanded Madison Concourse with new amenities for
fans. New open areas on the east and west side of the 8^th floor and the West
Balcony (10^th floor) provide fans with direct views into the Arena bowl, as
well as new seating, walkways and concession stands. The new Event Level
Suites, Delta Sky360 Club and 1879 Club Presented by J.P. Morgan also debuted
during the 2011-12 seasons. The third and final phase of the Transformation
will be unveiled in fall 2013 when the two spectacular new Chase Bridges and
the new expanded Chase Square entrance off 7^th Avenue will debut. In
addition, the final phase will include the new Budweiser Fan Deck (10^th
floor), state-of-the-art GardenVision center-hung scoreboard, 18 completely
remodeled Garden Suites (9^th floor) and a restoration of the iconic Garden
ceiling.

Work on the Transformation will continue to be a year-round project, sequenced
to maximize construction efforts during the remaining offseason shutdown in
2013. For more information on the MSG Transformation, visit
www.msg.com/transformation to see a complete timeline of the project and
receive construction updates.

About The Madison Square Garden Company

The Madison Square Garden Company is a fully-integrated sports, media and
entertainment business. The Company is comprised of three business segments:
MSG Sports, MSG Media and MSG Entertainment, which are strategically aligned
to work together to drive the Company's overall business, which is built on a
foundation of iconic venues and compelling content that the company creates,
produces, presents and/or distributes through its programming networks and
other media assets. MSG Sports owns and operates the following sports
franchises: the New York Knicks (NBA), the New York Rangers (NHL), the New
York Liberty (WNBA), and the Connecticut Whale (AHL). MSG Sports also features
the presentation of a wide variety of live sporting events including
professional boxing, college basketball, track and field and tennis. MSG Media
is a leader in production and content development for multiple distribution
platforms, including content originating from the Company's venues. MSG
Media's television networks consist of regional sports networks, MSG Network
and MSG+, collectively referred to as MSG Networks; and Fuse, a national
television network dedicated to music. MSG Networks also include
high-definition channels, MSG HD and MSG+ HD, and Fuse includes its
high-definition channel, Fuse HD. MSG Entertainment is one of the country's
leaders in live entertainment. MSG Entertainment creates, produces and/or
presents a variety of live productions, including the Radio City Christmas
Spectacular featuring the Radio City Rockettes.MSG Entertainment also
presents or hosts other live entertainment events such as concerts, family
shows and special events in the Company's diverse collection of venues. These
venues consist of Madison Square Garden, Radio City Music Hall, The Theater at
Madison Square Garden, the Beacon Theatre, the Chicago Theatre, the Forum in
Inglewood, CA, and the Wang Theatre in Boston, MA. More information is
available at www.themadisonsquaregardencompany.com.

The Madison Square Garden Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7079

CONTACT: Stacey Escudero/212-465-5902
         stacey.escudero@msg.com

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