The Hockey News is reporting that Cablevision Systems Corp has said it would “explore the spinoff of its Madison Square Garden business.”
THN adds that companies occasionally announce their intentions to spin off as a way to gauge the company’s market value. However, it's unclear whether Cablevision intends to sell or not. If they do, it could potentially put the Rangers in new hands.
Time Warner Cable is mentioned as a possible buyer.
Another possibility is the Dolan family, Cablevision’s principal owner, selling its cable business and putting its focus on running the Rangers, Knicks, MSG network and its venues.
...the beginning of this report started out so promising with Cablevision possibly selling the Rangers, but ended with a thud with speculation that the Dolan's could decide to drop its cable business to focus soley on running the Rangers and Knicks.
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