updated 12/1/2010 9:15:50 PM ET 2010-12-02T02:15:50

NEW YORK, Dec. 1, 2010 (GLOBE NEWSWIRE) -- Madison Square Garden, Inc. (Nasdaq:MSG) today announced that Hank Ratner, President and CEO, will participate in the Gabelli & Company 3rd Annual Best Ideas Conference on Thursday, December 2, 2010 in New York, NY. Mr. Ratner's remarks are expected to begin at 2:00pm EST.

A link to the live audio webcast of the event will be available on the Investor section of the Madison Square Garden website at http://investor.msg.com/ . It is recommended to go to the website at least 15 minutes prior to the start of the webcast to register and download any necessary software. An archive will be available for 90 days following the event at http://investor.msg.com/ .

About Madison Square Garden

Madison Square Garden is a fully-integrated sports, entertainment and media business. The company is comprised of three business segments: MSG Sports, MSG Entertainment and MSG Media, which are strategically aligned to work together to drive MSG's overall business, which is built on a foundation of iconic venues and compelling content that MSG creates, produces, presents and/or distributes through its programming networks and other media assets. MSG Sports consists of owning and operating sports franchises, including the New York Knicks (NBA), the New York Rangers (NHL), the New York Liberty (WNBA), and the Connecticut Whale (AHL).  MSG Sports also features other sports properties, including the presentation of a wide variety of live sporting events including professional boxing, college basketball, track and field and tennis. 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, throughout the country. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in MSG's diverse collection of venues. These venues include Madison Square Garden, Radio City Music Hall, the Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre and the Wang Theatre. MSG Media is a leader in production and content development for multiple distribution platforms, including content originating from MSG's venues. MSG Media consists of the MSG Networks (MSG, MSG Plus, MSG HD and MSG Plus HD) regional sports networks and the Fuse Networks (Fuse and Fuse HD), a national television network dedicated to music. MSG Media is also responsible for managing interactive initiatives across all business segments. More information is available at www.msg.com .

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

CONTACT:  Madison Square Garden
          Alysia Lew, Vice President, Financial Communications
            (212) 465-5925
          Ari Danes, CFA, Vice President, Investor Relations
            (212) 465-6072

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