updated 4/29/2011 11:16:57 AM ET 2011-04-29T15:16:57

NEW YORK, April 29, 2011 (GLOBE NEWSWIRE) -- Madison Square Garden, Inc. (Nasdaq:MSG) will host a conference call to discuss results for the first quarter of 2011 on Friday, May 6, 2011 at 10:00 a.m. Eastern Time. MSG will issue a press release reporting its results prior to the market opening.

To participate via telephone, please dial 877-347-9170 with the conference ID number 35057621 approximately 10 minutes prior to the call. The call will also be available via live webcast at www.msg.com under the heading "Investors".

For those who are unable to participate on the conference call, you may access a recording of the call by dialing 800-642-1687 (conference ID number 35057621). The call replay will be available from 1:00 p.m. Eastern Time, Friday, May 6, 2011 until 11:59 p.m. Eastern Time on Friday, May 13, 2011. The webcast replay will be available on the MSG website until Friday, May 13, 2011.

About Madison Square Garden

Madison Square Garden 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 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 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. 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 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. 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: Barry Watkins
         Executive Vice President
         Communications
         Madison Square Garden
         (212) 465-5920
         
         Ari Danes, CFA
         Vice President
         Investor Relations
         Madison Square Garden
         (212) 465-6072

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