Madison Square Garden and Price Performance Spin-Off ResearchMadison Square Garden and Price Performance Spin-Off ResearchSpin-Off Details Spin-Off ResearchValuation and RecommendationWe value The Madison Square Garden Company (MSG) using Asset-based valuation and EV/EBITDA methodologies and value MSG Sports (Stub) and MSG Entertainment (Spin-Off) separately. Key Data and Top 5 Shareholders Spin-Off ResearchDistribution of MSG Entertainment shares to MSG shareholdersMSG shareholders will receive one ordinary share of Madison Square Garden Entertainment Corp (Spin-Off) for every ordinary share of MSG held as of the record date. 2020e Valuation - MSG Sports (Stub) Spin-Off ResearchB] MSG Entertainment (Spin-Off)Our SOTP framework values MSG Entertainment (Spin-Co) by valuing each operating segment/asset separately. Consolidated Valuation - MSG Spin-Off ResearchCompany DescriptionThe Madison Square Garden Company (Parent)The Madison Square Garden Company (MSG) (to be named Madison Square Garden Sports Corp) is a world leader in live sports and entertainment experiences. MSG Entertainment (Spin-Off)The standalone entertainment company will include all existing businesses within the MSG entertainment segment.
April 01, 2020 18:00 UTC
U.S. manufacturing stalled last month. The Institute for Supply Management on Wednesday said that its manufacturing index slipped to 49.1 in March from 50.1 in February. That was only marginally below the 50 level that separates expanding and contracting factory activity, but it was deceptive. Most components of the index, including new orders, production and employment, showed starker drops. A slowdown in supplier deliveries boosted the overall number.
April 01, 2020 18:00 UTC
Access to the company’s quantum-computing system normally costs about $2,000 an hour, whereas access to its hybrid system costs about $100 an hour, he said. Companies including financial services firms and automakers are experimenting with early-stage quantum computers currently offered by firms such as D-Wave. It says quantum computers are not yet at the stage where they can provide immediate benefit in a crisis like the coronavirus pandemic. Computations that run on currently available quantum computers don’t exhibit a game-changing speedup for solving practical problems, according to AWS. While traditional computers store information as either zeros or ones, quantum computers use quantum bits, or qubits, which represent and store information as both zeros and ones simultaneously.
April 01, 2020 17:57 UTC
NFL agent Buddy Baker revealed grim news Tuesday. Baker said they died six minutes apart. Some of his clients sent sent messages on social media. Former NFL wide receiver Doug Baldwin told his followers that Baker had an important message. Houston Texans wide receiver DeAndre Carter urged his followers to practice social distancing.
April 01, 2020 17:54 UTC
President Trump is set to meet Friday with the heads of some of the largest U.S. oil companies to discuss measures to help the industry weather an unprecedented oil crash, people familiar with the matter said. The meeting is to take place at the White House and will include Exxon Mobil Corp. Chief Executive Darren Woods, Chevron Corp. Chief Executive Mike Wirth, Harold Hamm, executive chairman of Continental Resources Inc., and other top executives, the people said.
April 01, 2020 17:48 UTC
Royal photographers looked back at some of their favorite moments with Prince Harry and Meghan Markle on Tuesday, which marked the Duke and Duchess of Sussex’s official step back from the royal family. Chris Jackson, royal photographer for Getty and a royal family favorite, shared two posts about Harry and the couple. He also promised to share photos of all the royals going forward for escapism purposes. “Today marks the day The Duke and Duchess of Sussex officially step down as senior members of the Royal family,” Jackson said. The photographer declared the moment “just one of a multitude of those special ‘Harry’ moments that make for great pictures.”
April 01, 2020 17:48 UTC
U.S. officials say they are receiving near-daily reports of “imminent” attacks planned against U.S.-linked military or diplomatic facilities. “Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq,” Trump said in his tweet, without providing elaboration. ADADIt is also unclear how much of an appetite Americans would have for another crisis as the death toll from the coronavirus rises in the United States. The survey came shortly after the U.S. strike in Iraq that killed Maj. Gen. Qasem Soleimani, Iran’s chief military strategist. That fight is essentially over, but military officials in Baghdad say the coalition drawdown is also partly linked to rising tensions between the United States and Iran.
April 01, 2020 17:43 UTC
KeepTruckin's Shoaib Makani: His startup was valued at $1.4 billion last April, now it's laid off ... [+] nearly 20% of staff. Courtesy of KeepTruckinTrucking unicorn KeepTruckin laid off nearly one-fifth of its workers, the latest once-hot, venture-backed firm to be hit by the downturn. But as the coronavirus crisis has spread and pummeled the economy, the fortunes of KeepTruckin, which provides electronic logging devices to truckers, turned. “Freight volume is highly correlated with economic output,” Makani told Forbes by email. In the letter to employees, Makani said that he would forgo his pay until things turned, while cofounders Ryan Johns and Obaid Khan would take 50% pay cuts.
April 01, 2020 17:26 UTC
Wimbledon is canceled, and it feels like a hammer. Not postponed. They’re not holding out hope of getting this under way in August or October. They’re going to let the grass grow across the pond, and they’ll see everyone in late June 2021. How do you hold an intensely global sporting event like Wimbledon, when you’ve already postponed the Summer Olympics in Tokyo and pretty much everything else this spring and early summer?
April 01, 2020 17:26 UTC
“This should concern the MSNBC hierarchy,” DePauw University professor and media critic Jeffrey McCall told Fox News. MSNBC still managed to finish the quarter behind Fox News as the No. 2 basic cable network, but the lack of growth during a jam-packed news quarter should be extremely concerning to MSNBC honchos, McCall said. “There's something else that was occurring in that first quarter that might have made MSNBC viewers look away—Bernie Sanders winning Iowa, New Hampshire, and Nevada,” Chariton told Fox News. CNN'S BRIAN STELTER WINS FIRST-EVER 'LIBERAL HACK TOURNAMENT,' TOPPING MAINSTREAM MEDIA GIANTSIf MSNBC brass is concerned about the lack of new viewers, they certainly haven’t implemented any changes yet.
April 01, 2020 17:25 UTC
WASHINGTON—The coronavirus outbreak has leveled a devastating blow to the American economy, decimating industries large and small and wiping out millions of jobs. But here in the nation’s capital, business is booming for the influence-peddling business. Companies and interest groups reeling from the health crisis and economic collapse are...
April 01, 2020 17:15 UTC
ADADFreundel’s original release date was Oct. 20, 2021, but after earning good behavior credits, it was moved up to April 15, 2020. This early release, granting Freundel the ability to celebrate his own freedom together with Passover, is a final smack in the face to victims,” the woman wrote to Zubrensky. ADAD“I know that I, a victim outside the statute of limitations, feel that justice was not done for many of us. Freundel was considered among the most authoritative and powerful Orthodox American rabbis in the area of conversion. Now, victims including Mandel worry about him returning to live in the neighborhoods where his victims live.
April 01, 2020 17:08 UTC
President Trump said Wednesday that Iran is planning a "sneak attack" on U.S. troops or "assets" in Iraq, warning the country will pay a "heavy price" if this happens. IRANIAN PRISONERS RIOT, SMASH CAMERAS AS COUNTRY'S CORONAVIRUS DEATH TOLL RISES"Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq. If this happens, Iran will pay a very heavy price, indeed!" CLICK HERE TO GET THE FOX NEWS APPThe latest tension comes several months after hostilities between the U.S. and Iran that included an attack at the U.S. Embassy compound in Iraq that U.S. officials blamed on Iran. In response, the U.S. carried out a strike that resulted in the death of Iranian Gen. Qassem Soleimani.
April 01, 2020 17:04 UTC
Mind Medicine Inc. cofounder JR Rahn with "Shark Tank" star and investor Kevin O'Leary. Mind Medicine will also get exclusive worldwide rights to data, compounds, and patent rights associated with the research on LSD and other psychedelic compounds. Mind Medicine cofounder JR Rahn, a 32-year-old former Uber employee, says his company’s mission is simple: “We are going to develop these drugs as FDA-approved medicines. “Micro-dosing” is a term that refers to the practice of taking small, non-hallucinogenic doses of psychedelic drugs. Mind Medicine is also exploring an ibogaine derivative to treat opioid addiction.
April 01, 2020 17:03 UTC
(CNN) A woman who gave birth in a New York hospital was discharged after she started showing symptoms of coronavirus . But another University of Rochester Medicine spokesperson told local paper the Democrat & Chronicle that he did, and that he told hospital staff he was healthy before visiting. "The mother became symptomatic shortly after delivering," spokesman Chip Partner told the paper. Neither Ficarra nor Partner confirmed whether the couple or their child had tested positive for coronavirus. Hospital officials said the extreme measure was enacted after patients who were asymptomatic later tested positive.
April 01, 2020 16:56 UTC