Madison Square Garden Sports (MSGS) 10-Q 4 Feb 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2015	Jan. 29, 2016
Entity Registrant Name	Madison Square Garden Co
Trading Symbol	MSG
Entity Central Index Key	1,636,519
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		20,094,109
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,529,517

Consolidated and Combined Balan

Consolidated and Combined Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Current Assets:
Cash and cash equivalents	$ 1,558,897	$ 14,211
Restricted cash	20,653	12,590
Accounts receivable, net	74,602	51,734
Net related party receivables, current	25,192	327
Prepaid expenses	38,381	23,879
Loan receivable from MSG Networks	0	30,836
Other current assets	22,443	35,058
Total current assets	1,740,168	168,635
Net related party receivables, noncurrent	1,652	0
Investments and loans to nonconsolidated affiliates	265,137	249,394
Property and equipment, net	1,193,695	1,188,693
Amortizable intangible assets, net	18,855	22,324
Indefinite-lived intangible assets	166,850	166,850
Goodwill	277,166	277,166
Other assets	82,580	75,880
Total assets	3,746,103	2,148,942
Current Liabilities:
Accounts payable	21,965	3,307
Net related party payables	17,246	1,588
Accrued liabilities:
Employee related costs	63,325	95,997
Other accrued liabilities	130,312	121,509
Deferred revenue	385,245	311,317
Total current liabilities	618,093	533,718
Defined benefit and other postretirement obligations	56,804	80,900
Other employee related costs	39,281	53,337
Deferred tax liabilities, net	194,338	206,944
Other liabilities	49,133	50,768
Total liabilities	$ 957,649	$ 925,667
Commitments and contingencies
Stockholders' Equity:
Preferred stock, par value $0.01, 15,000 shares authorized; none outstanding as of December 31, 2015
Additional paid-in capital	$ 2,794,837
Treasury stock, at cost, 115 shares as of December 31, 2015	(15,716)
Retained earnings	43,488
MSG Networks investment	0	$ 1,263,490
Accumulated other comprehensive loss	(34,404)	(40,215)
Total stockholders' equity	2,788,454	1,223,275
Liabilities and Equity, Total	3,746,103	$ 2,148,942
Class A Common Stock [Member]
Stockholders' Equity:
Common stock, value issued	204
Class B Common Stock [Member]
Stockholders' Equity:
Common stock, value issued	$ 45

Consolidated and Combined Bala3

Consolidated and Combined Balance Sheets (Parenthetical)	Dec. 31, 2015$ / sharesshares
Preferred stock, par value (dollars per share) | $ / shares	$ 0.01
Preferred stock, shares authorized	15,000,000
Preferred stock, shares outstanding	0
Treasury Stock, Shares	115,000
Class A Common Stock [Member]
Common stock, par value (dollars per share) | $ / shares	$ 0.01
Common stock, shares authorized	120,000,000
Common stock, shares outstanding	20,333,000
Class B Common Stock [Member]
Common stock, par value (dollars per share) | $ / shares	$ 0.01
Common stock, shares authorized	30,000,000
Common stock, shares outstanding	4,530,000

Consolidated and Combined State

Consolidated and Combined Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			6 Months Ended
		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2015		Dec. 31, 2014
Income Statement [Abstract]
Revenues (a)	[1]	$ 410,838		$ 396,814	$ 561,219		$ 515,730
Operating expenses:
Direct operating expenses (b)	[2]	249,632		268,870	320,982		336,906
Selling, general and administrative expenses (c)	[3]	86,262		63,001	144,630		114,402
Depreciation and amortization		25,905		25,024	51,145		59,563
Operating income		49,039		39,919	44,462		4,859
Other income (expense):
Equity in earnings (loss) of equity-method investments		(2,475)		(30,151)	204		(32,755)
Interest income (d)	[4]	1,448		715	2,405		1,448
Interest expense		(514)		(619)	(1,054)		(1,275)
Miscellaneous income (expense)		(4,080)	[5]	(5)	(4,080)	[5]	75
Nonoperating expense		(5,621)		(30,060)	(2,525)		(32,507)
Income (loss) from operations before income taxes		43,418		9,859	41,937		(27,648)
Income tax benefit (expense)		70		(223)	(52)		(446)
Net income (loss)		$ 43,488		$ 9,636	$ 41,885		$ (28,094)
Basic earnings (loss) per common share		$ 1.74		$ 0.39	$ 1.68		$ (1.13)
Diluted earnings (loss) per common share		$ 1.74		$ 0.39	$ 1.67		$ (1.13)
Weighted-average number of common shares outstanding:
Basic (in shares)		24,971		24,928	24,949		24,928
Diluted (in shares)		25,055		24,928	25,031		24,928
[1]	Include revenues from related parties of $41,321 and $21,677, for the three months ended December 31, 2015 and 2014, respectively, and $74,880 and $42,379 for the six months ended December 31, 2015 and 2014, respectively.
[2]	Include net charges from (to) related parties of $1,036 and $828 for the three months ended December 31, 2015 and 2014, respectively, and $(35) and $503 for the six months ended December 31, 2015 and 2014, respectively.
[3]	Include net charges to related parties of $(562) and $(14,333) for the three months ended December 31, 2015 and 2014, respectively and $(30,134) and $(27,002) for the six months ended December 31, 2015 and 2014, respectively.
[4]	Includes interest income from MSG Networks of $284 for the three months ended December 31, 2014, and $307 and $568 of interest income from MSG Networks for the six months ended December 31, 2015 and 2014, respectively. In addition, interest income includes interest income from nonconsolidated affiliates of $671 and $426 for the three months ended December 31, 2015 and 2014, respectively, and $1,306 and $875 for the six months ended December 31, 2015 and 2014, respectively.
[5]	Miscellaneous expenses for the three and six months ended December 31, 2015 primarily include partial write-down of one of the Company’s cost-method investments (see Note 5)

Consolidated and Combined Stat5

Consolidated and Combined Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Revenues from related party	$ 41,321	$ 21,677	$ 74,880	$ 42,379
Direct operating expenses from (to) related party	1,036	828	(35)	503
Selling, General and Administrative Expenses from (to) related party	(562)	(14,333)	(30,134)	(27,002)
MSG Networks [Member]
Related Party Transaction [Line Items]
Interest income, related party		284	307	568
Other nonconsolidated affiliate [Member]
Related Party Transaction [Line Items]
Interest income, related party	$ 671	$ 426	$ 1,306	$ 875

Consolidated and Combined Stat6

Consolidated and Combined Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 43,488	$ 9,636	$ 41,885	$ (28,094)
Pension plans and postretirement plan
Net unamortized losses arising during the period	0	0	(602)	0
Amounts reclassified from accumulated other comprehensive loss
Amortization of net actuarial loss included in net periodic benefit cost	255	519	554	1,037
Amortization of net prior service credit included in net periodic benefit cost	(20)	(28)	(37)	(57)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	235	491	(85)	980
Other comprehensive income (loss)	235	491	(85)	980
Comprehensive income (loss)	$ 43,723	$ 10,127	$ 41,800	$ (27,114)

Consolidated and Combined Stat7

Consolidated and Combined Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 41,885	$ (28,094)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	51,145	59,563
Share-based compensation Expense	10,259	7,087
Equity in (earnings) loss of equity-method investments	(204)	32,755
Impairment of cost-method investment	4,080	0
Provision for doubtful accounts	62	6
Change in assets and liabilities:
Accounts receivable, net	(23,688)	4,916
Net related party receivables	(27,176)	(697)
Prepaid expenses and other assets	(29,640)	(35,829)
Accounts payable	17,126	5,817
Net related party payables	15,658	98
Accrued and other liabilities	(10,545)	(45,381)
Deferred revenue	63,266	34,314
Deferred income taxes	54	446
Net cash provided by operating activities	112,282	35,001
Cash flows from investing activities:
Capital expenditures	(59,681)	(38,334)
Investments and loans to nonconsolidated affiliates	(18,492)	(7,947)
Capital distribution from equity-method investments	1,043	0
Net cash used in investing activities	(77,130)	(46,281)
Cash flows from financing activities:
Net transfers from MSG Networks and MSG Networks’ subsidiaries	1,525,241	23,194
Repurchases of Common Stock	(15,716)
Proceeds from stock option exercises	57
Tax Paid in Lieu of Shares Issued for Equity-based Compensation	(48)
Net cash provided by financing activities	1,509,534	23,194
Net increase in cash and cash equivalents	1,544,686	11,914
Cash and cash equivalents at beginning of period	14,211	6,143
Cash and cash equivalents at end of period	1,558,897	18,057
Non-cash investing and financing activities:
Investments and loans to nonconsolidated affiliates	2,052	24,000
Capital expenditures incurred but not yet paid	1,617	12,959
Non-cash transfers resulting from the Distribution, net	$ 2,500	$ 0

Consolidated and Combined Stat8

Consolidated and Combined Statements Of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Issued [Member]	MSG Networks [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Jun. 30, 2014	$ 1,191,203		$ 1,227,218				$ (36,015)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(28,094)		(28,094)
Other comprehensive income (loss)	980						980
Comprehensive loss	(27,114)
Net increase in MSG Networks Investment	54,973		54,973
Balance at Dec. 31, 2014	1,219,062		1,254,097				(35,035)
Balance at Jun. 30, 2015	1,223,275	$ 0	1,263,490	$ 0	$ 0	$ 0	(40,215)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	41,885
Other comprehensive income (loss)	(85)						(85)
Comprehensive loss	41,800
Exercise of stock options	57			57
Share-based compensation	7,208			7,208
Tax Withholding associated with shares issued for equity-based compensation	(48)			(48)
Repurchases of common stock	(15,716)				(15,716)
Net increase in MSG Networks Investment	1,525,982		1,525,982
Conversion of MSG Networks Investment	0	249	(2,787,869)	2,787,620
Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution	5,896						5,896
Balance at Dec. 31, 2015	$ 2,788,454	$ 249	$ 0	$ 2,794,837	$ (15,716)	$ 43,488	$ (34,404)

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Dec. 31, 2015
Description of Business And Basis of Presentation [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation The Distribution The Madison Square Garden Company (together with its subsidiaries, the “Company” or “Madison Square Garden”), formerly named MSG Spinco, Inc., was incorporated on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc. (“MSG Networks” or “Former Parent”), formerly known as The Madison Square Garden Company. On September 11, 2015, MSG Networks’ board of directors approved the distribution of all the outstanding common stock of Madison Square Garden to MSG Networks shareholders (the “Distribution”), which occurred on September 30, 2015. Each holder of record of MSG Networks Class A Common Stock as of close of business on September 21, 2015 (the “Record Date”) received one share of Madison Square Garden Class A Common Stock for every three shares of MSG Networks Class A Common Stock held. Each holder of record of MSG Networks Class B Common Stock as of the Record Date received one share of Madison Square Garden Class B Common Stock for every three shares of MSG Networks Class B Common Stock held. Description of Business Madison Square Garden is a live sports and entertainment business. The Company classifies its business interests into two reportable segments: MSG Entertainment and MSG Sports. MSG Entertainment presents or hosts live entertainment events, such as concerts, family shows, performing arts and special events, in the Company’s diverse collection of venues. MSG Entertainment also creates, produces and/or presents live productions, including the Radio City Christmas Spectacular and the Rockettes New York Spectacular , both starring the Rockettes, that are performed in the Company's venues. MSG Sports owns and operates the following professional sports franchises: the New York Knicks (the “Knicks”) of the National Basketball Association (the “NBA”), the New York Rangers (the “Rangers”) of the National Hockey League (the “NHL”), the New York Liberty (the “Liberty”) of the Women’s National Basketball Association (the “WNBA”), the Hartford Wolf Pack of the American Hockey League (the “AHL”), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League (the “NBADL”) team. MSG Sports also promotes, produces and/or presents a broad array of other live sporting events outside of its teams' events. The Company conducts a significant portion of its operations at venues that it either owns or operates under long-term leases. The Company owns the Madison Square Garden Arena (“The Garden”) and The Theater at Madison Square Garden in New York City, the Forum in Inglewood, CA and The Chicago Theatre in Chicago. In addition, the Company leases Radio City Music Hall and the Beacon Theatre in New York City, and has a booking agreement with respect to the Wang Theatre in Boston. Basis of Presentation The accompanying unaudited consolidated and combined interim financial statements (referred to as the “Financial Statements” herein) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information, and should be read in conjunction with the Company’s audited combined financial statements and notes thereto for the year ended June 30, 2015 included in Amendment No. 6 to the Company’s Registration Statement on Form 10 filed with the SEC on September 11, 2015. The Financial Statements presented in this Quarterly Report on Form 10-Q are unaudited; however, in the opinion of management, the Financial Statements reflect all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year. The dependence of the MSG Sports segment on revenues from its NBA and NHL sports teams generally means it earns a disproportionate share of its revenues in the second and third quarters of the Company's fiscal year. The dependence of the MSG Entertainment segment on revenues from the Radio City Christmas Spectacular generally means it earns a disproportionate share of its revenues in the second quarter of the Company’s fiscal year. The financial information disclosed as of December 31, 2015 and for the three months ended December 31, 2015 is presented on a consolidated basis, as the Company became a standalone public company on September 30, 2015. The Company’s combined financial statements as of June 30, 2015 and for the three and six months ended December 31, 2014 , as well as the financial information for the three months ended September 30, 2015 that is included in the results of operations for the six months ended December 31, 2015 , were prepared on a standalone basis derived from the consolidated financial statements and accounting records of Former Parent and are presented as carve-out financial statements as the Company was not a standalone public company prior to the Distribution. These combined financial statements reflect the combined historical results of operations, financial position and cash flows of Former Parent’s sports and entertainment businesses, as well as its venues and joint ventures (“combined financial statements”), in accordance with GAAP and SEC Staff Accounting Bulletin Topic 1-B, Allocation of Expenses and Related Disclosure in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of Another Entity . References to GAAP issued by the Financial Accounting Standards Board (“FASB”) in these footnotes are to the FASB Accounting Standards Codification, also referred to as “ASC.” Historically, separate financial statements were not prepared for the Company as it had not operated as a separate, standalone business from MSG Networks. The combined financial statements include certain assets and liabilities that were historically held by MSG Networks or by other MSG Networks’ subsidiaries but were specifically identifiable or otherwise attributable to the Company. All significant intercompany transactions between MSG Networks and the Company have been included as components of MSG Networks investment in the combined financial statements as they were considered effectively settled on the Distribution date. The assets and liabilities in the combined financial statements have been reflected on a historical cost basis, as immediately prior to the Distribution all of the assets and liabilities presented were wholly-owned by MSG Networks and were transferred to the Company at carry-over basis. The combined statement of operations for the three months ended September 30, 2015 that is included in the results of operations for the six months ended December 31, 2015 and the combined statements of operations for the three and six months ended December 31, 2014 include allocations for certain support functions that were provided on a centralized basis by MSG Networks and not historically recorded at the business unit level, such as expenses related to finance, human resources, information technology, and facilities, among others. These expenses were allocated on the basis of direct usage when identifiable, with the remainder allocated on a pro-rata basis of combined revenues, headcount or other measures. Management believes the assumptions underlying the combined financial statements, including the assumptions regarding allocating general corporate expenses, are reasonable. Nevertheless, the combined financial statements do not include all of the actual expenses that would have been incurred by the Company and do not reflect its combined results of operations, financial position and cash flows had it been a separate, standalone public company during the periods presented on a combined basis. Actual costs that would have been incurred if the Company had been a separate, standalone public company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. After the Distribution, the Company has been providing certain of these services to MSG Networks through a transition services agreement (“TSA”). As part of the Distribution, certain employees providing support functions were transferred to the Company. MSG Networks historically used a centralized approach to cash management and financing of operations, with net earnings reinvested and working capital requirements met from existing liquid funds. The Company’s cash was available for use and was regularly “swept” by MSG Networks at its discretion. Accordingly, the cash and cash equivalents held by MSG Networks at the corporate level were not attributed to the Company in the combined balance sheet as of June 30, 2015. Additionally, cash held in accounts legally owned by the Company was attributed to the combined balance sheet as of June 30, 2015. Transfers of cash both to and from MSG Networks are included as components of MSG Networks investment on the consolidated and combined statements of stockholders’ equity. In connection with the Distribution, the Company received $1,467,093 of cash from MSG Networks. MSG Networks’ net investment in the Company has been presented as a component of stockholders' equity in the Financial Statements. Distributions made by MSG Networks to the Company or to MSG Networks from the Company are recorded as transfers to and from MSG Networks and the net amount is presented on the consolidated and combined statements of cash flows as “Net transfers from MSG Networks and MSG Networks’ subsidiaries.” As of the Distribution date, MSG Networks’ net investment in the Company was contributed to Former Parent’s stockholders through the distribution of all the common stock of the Company. The par value of the Company’s stock was recorded as a component of common stock, with the remaining balance recorded as additional paid-in capital in the consolidated balance sheet on the Distribution date. For purposes of the combined financial statements, income tax expense has been recorded as if the Company filed tax returns on a standalone basis separate from Former Parent. This separate return methodology applies to accounting guidance for income taxes in the combined financial statements as if the Company was a standalone public company for the periods prior to the Distribution. Therefore, cash tax payments and items of current and deferred taxes may not be reflective of the Company’s actual tax balances prior to or subsequent to the Distribution. Prior to the Distribution, the Company's operating results were included in Former Parent’s consolidated U.S. federal and state income tax returns. Pursuant to rules promulgated by the Internal Revenue Service and various state taxing authorities, the Company expects to file its initial U.S. income tax return for the period from October 1, 2015 through June 30, 2016. The calculation of the Company’s income taxes involves considerable judgment and use of both estimates and allocations.

Accounting Policies

Accounting Policies	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Accounting Policies Principles of Consolidation and Combination For the periods prior to the Distribution, the financial statements include certain assets and liabilities that were historically held at Former Parent’s corporate level but were specifically identifiable or otherwise attributable to the Company. All intercompany transactions between the Company and Former Parent have been included in the combined financial statements as components of MSG Networks investment. All significant intracompany transactions and accounts within the Company's consolidated and combined financial statements have been eliminated. Expenses related to corporate allocations prior to the Distribution were considered to be effectively settled in the combined financial statements at the time the transaction was recorded, with the offset recorded against MSG Networks investment. Use of Estimates The preparation of the accompanying Financial Statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, investments, goodwill, intangible assets, other long-lived assets, tax accruals and other liabilities. In addition, estimates are used in revenue recognition, revenue sharing expense (net of escrow), luxury tax expense, income tax expense, performance and share-based compensation, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the Financial Statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and as such these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods. Summary of Significant Accounting Policies The following is an update to the Company’s Summary of Significant Accounting Policies disclosed in Amendment No. 6 to the Company’s Registration Statement on Form 10 filed with the SEC on September 11, 2015: Earnings (Loss) Per Common Share Basic earnings (loss) per common share (“EPS”) is based upon net income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the effect of the assumed vesting of restricted stock units and exercise of stock options (see Note 11 ) only in the periods in which such effect would have been dilutive. For the period when net loss is reported, the computation of diluted loss per share equals the basic loss per common share calculation since common stock equivalents were antidilutive due to losses from continuing operations. Income Taxes For the periods after the Distribution, the Company's provision for income taxes is based on current period income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets are subject to an ongoing assessment of realizability. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company's ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income to allow for the realization of its deductible temporary differences. If such estimates and related assumptions change in the future, the Company may be required to record valuation allowances against its deferred tax assets, resulting in additional income tax expense in the Company's consolidated statements of operations. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense. The Company accounts for investment tax credits using the “flow-through” method, under which the tax benefit generated from an investment tax credit is recorded in the period the credit is generated. Restricted Cash Restricted cash includes cash required to be withheld from player salaries and deposited in an escrow account which is in the name of the Company pursuant to the NHL collective bargaining agreement ("CBA"). The escrow account will be distributed subsequent to the end of the season to the players and NHL teams based on the provisions of the NHL CBA. In addition, the Company’s restricted cash also includes deposits used as collateral for securing letters of credit. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments. Changes in restricted cash are reflected in cash flows from either operating or investing activities, depending on the circumstances to which the changes in the underlying restricted cash relate. Recently Adopted Accounting Pronouncement In November 2015, the FASB issued Accounting Standards Update (“ASU”) No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. The Company early-adopted this ASU on a prospective basis on the consolidated balance sheet as of December 31, 2015 and applicable prior periods were not retrospectively adjusted. Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , which supersedes the revenue recognition requirements in FASB ASC Topic 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange f or those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) : Deferral of the Effective Date , which defers the effective date of ASU No. 2014-09 for all entities by one year. Early adoption is permitted and the Company can early adopt ASU No. 2014-09 beginning in the first quarter of fiscal year 2018. If the Company does not apply the early adoption provision, ASU No. 2014-09 will be effective for the Company beginning in the first quarter of fiscal year 2019 using one of two retrospective application methods. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , which changes the analysis to be performed in determining whether certain types of legal entities should be consolidated. Specifically, it (1) modifies the assessment of whether limited partnerships are variable interest entities (VIEs) or voting interest entities, (2) eliminates the presumption that a limited partnership should be consolidated by its general partner, (3) removes certain conditions for the evaluation of whether a fee paid to a decision maker constitutes a variable interest, and (4) modifies the evaluation concerning the impact of related parties in the determination of the primary beneficiary of a VIE. This standard will be effective for the Company beginning in the first quarter of fiscal year 2017 using one of two retrospective application methods. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement , which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract and expense the cost as the services are received. This standard will be effective for the Company beginning in the first quarter of fiscal year 2017. Early adoption is permitted. This standard may be adopted retrospectively or prospectively to arrangements entered into, or materially modified, after the effective date. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is not permitted with the exception of certain provisions related to the presentation of other comprehensive income. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

Computation of Earnings per Sha

Computation of Earnings per Share	6 Months Ended
	Dec. 31, 2015
Computation of Earnings per Common Share [Abstract]
Earnings Per Share [Text Block]	Computation of Earnings (Loss) per Common Share Following the Distribution, the Company had 24,928 common shares outstanding on September 30, 2015. This amount has been utilized to calculate earnings (loss) per share for the periods prior to the Distribution as no Madison Square Garden common stock or equity-based awards were outstanding prior to September 30, 2015. The dilutive effect of the Company’s share-based compensation awards issued in connection with the Distribution is included in the computation of diluted earnings per share in the periods subsequent to the Distribution, when applicable. The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted EPS. Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Weighted-average shares for basic EPS 24,971 24,928 24,949 24,928 Dilutive effect of shares issuable under share-based compensation plans 84 — 82 — Weighted-average shares for diluted EPS 25,055 24,928 25,031 24,928 Anti-dilutive shares 4 — 2 —

Team Personnel Transactions

Team Personnel Transactions	6 Months Ended
	Dec. 31, 2015
Team Personnel Transactions And Insurance Recoveries [Abstract]
Team Personnel Transactions and Insurance Recoveries	Team Personnel Transactions Direct operating expenses in the accompanying combined statements of operations for the three and six months ended December 31, 2014 include net provisions for transactions relating to players and certain other team personnel on the Company’s sports teams for waivers/contract termination costs of $4,291 and $4,675 , respectively.

Investments and Loans to Noncon

Investments and Loans to Nonconsolidated Affiliates	6 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	Investments and Loans to Nonconsolidated Affiliates The Company’s investments and loans to nonconsolidated affiliates consisted of the following: Ownership Percentage Investment Loan (d) Total December 31, 2015 Azoff MSG Entertainment LLC (“Azoff-MSG”) (a) 50 % $ 116,992 $ 84,000 $ 200,992 Brooklyn Bowl Las Vegas, LLC (“BBLV”) (a) (b) — 2,662 2,662 Tribeca Enterprises LLC (“Tribeca Enterprises”) (a) 50 % 19,849 6,000 25,849 Fuse Media (a) 15 % 22,568 — 22,568 Other (c) 11,389 1,677 13,066 Total investments and loans to nonconsolidated affiliates $ 170,798 $ 94,339 $ 265,137 June 30, 2015 Azoff-MSG (a) 50 % $ 118,717 $ 75,000 $ 193,717 BBLV (a) (b) — 2,662 2,662 Tribeca Enterprises (a) 50 % 16,791 4,000 20,791 Fuse Media (a) 15 % 23,509 — 23,509 Other (a) 8,715 — 8,715 Total investments and loans to nonconsolidated affiliates $ 167,732 $ 81,662 $ 249,394 _________________ (a) Denotes that such investment is accounted for under the equity-method of accounting. (b) The Company is entitled to receive back its capital, which was 74% of BBLV's total capital as of December 31, 2015 and June 30, 2015 , plus a preferred return, after which the Company would own a 20% interest in BBLV. (c) Investment amount includes equity-method investments of $7,719 and cost-method investments of $3,670 . (d) Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of December 31, 2015 and June 30, 2015 . As a result of certain legal and regulatory actions against one of the Company’s cost-method investments, the Company evaluated whether or not an other-than-temporary impairment of this cost-method investment had occurred as of December 31, 2015 . This evaluation resulted in the Company recording a pre-tax non-cash impairment charge of $4,080 to partially write down the carrying value of its cost-method investment, which is reflected in miscellaneous income (expense) in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 . The following is summarized financial information for the Company’s individually significant equity-method investments, presented in aggregate, as required by the guidance in SEC Regulation S-X Rule 10-01(b)(1). The amounts shown below represent 100% of these equity-method investments’ results of operations. Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Results of Operations Revenues $ 69,579 $ 27,964 $ 148,510 $ 52,076 Loss from continuing operations (4,457 ) (8,392 ) (3,615 ) (11,197 ) Net loss (4,457 ) (8,392 ) (3,615 ) (11,197 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangible Assets The carrying amounts of goodwill, by reportable segment, as of December 31, 2015 and June 30, 2015 are as follows: MSG Entertainment $ 58,979 MSG Sports 218,187 $ 277,166 During the first quarter of fiscal year 2016, the Company performed its annual impairment test of goodwill and determined that there were no impairments of goodwill identified for any of its reportable segments. The Company’s indefinite-lived intangible assets as of December 31, 2015 and June 30, 2015 are as follows: Sports franchises (MSG Sports segment) $ 101,429 Trademarks (MSG Entertainment segment) 62,421 Photographic related rights (MSG Sports segment) 3,000 $ 166,850 During the first quarter of fiscal year 2016, the Company performed its annual impairment test of identifiable indefinite-lived intangible assets and determined that there were no impairments identified. The Company’s intangible assets subject to amortization are as follows: December 31, 2015 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (56,549 ) $ 16,575 Suite holder relationships 15,394 (15,038 ) 356 Other intangibles 4,217 (2,293 ) 1,924 $ 92,735 $ (73,880 ) $ 18,855 June 30, 2015 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (53,919 ) $ 19,205 Suite holder relationships 15,394 (14,339 ) 1,055 Other intangibles 4,217 (2,153 ) 2,064 $ 92,735 $ (70,411 ) $ 22,324 Amortization expense for intangible assets was $1,734 for each of the three months ended December 31, 2015 and 2014 . Amortization expense for intangible assets was $3,469 for each of the six months ended December 31, 2015 and 2014 .

Property and Equipment

Property and Equipment	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment As of December 31, 2015 and June 30, 2015 , property and equipment consisted of the following assets: December 31, June 30, Land $ 91,678 $ 91,678 Buildings 1,106,887 1,098,191 Equipment 273,722 264,054 Aircraft 38,084 — Furniture and fixtures 49,725 49,400 Leasehold improvements 131,039 130,620 Construction in progress 5,843 10,455 1,696,978 1,644,398 Less accumulated depreciation and amortization (503,283 ) (455,705 ) $ 1,193,695 $ 1,188,693 Depreciation and amortization expense on property and equipment was $24,171 and $23,290 for the three months ended December 31, 2015 and 2014 , respectively. Depreciation and amortization expense on property and equipment was $47,676 and $56,094 for the six months ended December 31, 2015 and 2014 , respectively. During the first quarter of fiscal year 2015, the estimated useful life of the Company’s professional sports teams’ plane was changed as a result of a transition by the teams to a new travel program. As a result of this change, the Company recorded accelerated depreciation on the plane of approximately $8,400 for the six months ended December 31, 2014 . Subsequently, during the fourth quarter of fiscal year 2015, the Company sold the sports teams’ plane. During the six months ended December 31, 2015 , the Company purchased a new aircraft for $38,084 , inclusive of transaction costs.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Commitments As more fully described in Notes 8 and 9 to the annual combined financial statements included in Amendment No. 6 to the Company’s Registration Statement on Form 10 filed with the SEC on September 11, 2015, the Company’s commitments consist primarily of (i) the MSG Sports segment's obligations under employment agreements that the Company has with its professional sports teams’ personnel that are generally guaranteed regardless of employee injury or termination, (ii) long-term noncancelable operating lease agreements primarily for entertainment venues and office and storage space, and (iii) revolving credit facilities provided by the Company to Azoff-MSG and Tribeca Enterprises (see Note 5 ). Legal Matters The Company is a defendant in various lawsuits. Although the outcome of these matters cannot be predicted with certainty, management does not believe that resolution of these lawsuits will have a material adverse effect on the Company.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: • Level I — Quoted prices for identical instruments in active markets. • Level II — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III — Instruments whose significant value drivers are unobservable. The following table presents for each of these hierarchy levels, the Company’s assets that are measured at fair value on a recurring basis, which include cash equivalent and restricted cash: Level I Level II Level III Total December 31, 2015 Assets: Money market accounts $ 359,569 $ — $ — $ 359,569 Time deposits 1,197,652 — — 1,197,652 Total assets measured at fair value $ 1,557,221 $ — $ — $ 1,557,221 June 30, 2015 Assets: Money market accounts $ — $ — $ — $ — Time deposits 12,513 — — 12,513 Total assets measured at fair value $ 12,513 $ — $ — $ 12,513 Money market accounts and time deposits are classified within Level 1 of the fair value hierarchy as they are valued using observable inputs that reflect quoted prices for identical assets in active markets. The carrying amount of the Company's money market accounts and time deposits approximates fair value due to their short-term maturities.

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plan	6 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension Plans And Other Postretirement Benefit Plan	Pension Plans and Other Postretirement Benefit Plan Pension Plans and Other Postretirement Benefit Plan — Pre-Distribution Prior to the Distribution, MSG Networks sponsored a non-contributory, qualified cash balance retirement plan covering its non-union employees (the “Cash Balance Pension Plan”) and an unfunded non-contributory, non-qualified excess cash balance plan covering certain employees who participate in the underlying qualified plan (collectively, the “Cash Balance Plans”). Since March 1, 2011, the Cash Balance Pension Plan has also included the assets and liabilities of a frozen (as of December 31, 2007) non-contributory qualified defined benefit pension plan covering non-union employees hired prior to January 1, 2001. These plans had participants from each of MSG Networks’ historical businesses (Media, Sports and Entertainment) as well as corporate employees. Also, MSG Networks historically sponsored an unfunded non-contributory, non-qualified defined benefit pension plan for the benefit of certain employees who participate in an underlying qualified plan which was merged into the Cash Balance Pension Plan on March 1, 2011 (the “Excess Plan”). As of December 31, 2007, the Excess Plan was amended to freeze all benefits earned through December 31, 2007 and to eliminate the ability of participants to earn benefits for future service under these plans. The Cash Balance Plans have been amended to freeze participation and future benefit accruals effective December 31, 2015 for all employees. Therefore, after December 31, 2015, no employee of the Company who was not already a participant may become a participant in the plans and no further annual pay credits will be made for any future year. Existing account balances under the plans will continue to be credited with monthly interest in accordance with the terms of the plans. In addition, MSG Networks sponsored a non-contributory, qualified defined benefit pension plan covering certain of its union employees (the “Union Plan”). Benefits payable to retirees under the Union Plan are based upon years of service and this plan is specific to employees of the businesses constituting Madison Square Garden. The Cash Balance Plans, Union Plan, and Excess Plan are collectively referred to as the “Pension Plans.” MSG Networks also sponsored a contributory welfare plan which provides certain postretirement healthcare benefits to certain employees hired prior to January 1, 2001 who are eligible to commence receipt of early or normal benefits under the Cash Balance Pension Plan and their dependents, as well as certain union employees (“Postretirement Plan”). For purposes of the combined financial statements issued prior to the Distribution, it was determined that the Company was to be treated as the obligor for the Pension Plans’ and Postretirement Plan’s liabilities. Therefore, the combined financial statements reflect the full impact of such plans on both the combined statements of operations for the three months ended September 30, 2015 and for the three and six months ended December 31, 2014 , respectively, and the combined balance sheet as of June 30, 2015. The pension expense related to employees of MSG Networks participating in any of these plans during these periods was reflected as a contributory charge from the Company to MSG Networks, resulting in a decrease to the expense recognized in the combined statements of operations. Pension Plans and Other Postretirement Benefit Plan — Post-Distribution As of the Distribution date, the Company and MSG Networks entered into an employee matters agreement (the “Employee Matters Agreement”) which determined each company’s obligations after the Distribution with regard to liabilities historically under the former MSG Networks’ pension and postretirement plans. Under the Employee Matters Agreement, the Company assumed or retained certain of the Pension Plans and the Postretirement Plan previously sponsored by MSG Networks, as discussed in further detail in Amendment 6 to the Company’s Registration Statement on Form 10 filed on September 11, 2015. The Company’s consolidated balance sheet as of September 30, 2015 reflects such plans’ assets and liabilities. Components of net periodic benefit cost for the Pension Plans and Postretirement Plan recognized in direct operating expenses and selling, general and administrative expenses in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 and 2014 are as follows: Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2015 2014 2015 2014 Service cost $ 1,502 $ 1,626 $ 32 $ 61 Interest cost 1,680 1,806 58 93 Expected return on plan assets (740 ) (807 ) — — Recognized actuarial loss (a) 255 513 — 6 Amortization of unrecognized prior service cost (credit) (a) — 7 (20 ) (35 ) Net periodic benefit cost $ 2,697 $ 3,145 $ 70 $ 125 Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Service cost $ 3,014 $ 3,252 $ 82 $ 122 Interest cost 3,609 3,613 149 186 Expected return on plan assets (1,480 ) (1,614 ) — — Recognized actuarial loss (a) 554 1,025 — 12 Amortization of unrecognized prior service cost (credit) (a) 14 13 (51 ) (70 ) Net periodic benefit cost $ 5,711 $ 6,289 $ 180 $ 250 ________________ (a) Reflects amounts reclassified from accumulated other comprehensive loss. For the three months ended December 31, 2014 , the net periodic benefit cost for the Pension Plans reported in the table above includes $521 of expenses related to MSG Networks employees, representing the contributory charge from the Company to MSG Networks for participation in the Pension Plans. In addition, for the three months ended December 31, 2014 , the Company allocated to MSG Networks $213 of net periodic benefit cost for the Pension Plans related to corporate employees not specifically identified to either the Company or MSG Networks. For the six months ended December 31, 2015 and 2014 , the net periodic benefit cost for the Pension Plans reported in the table above includes $485 and $1,040 , respectively, of expenses related to MSG Networks employees, representing the contributory charge from the Company to MSG Networks for participation in the Pension Plans. In addition, for the six months ended December 31, 2015 and 2014 , the Company allocated to MSG Networks $229 and $424 , respectively, of net periodic benefit cost for the Pension Plans related to corporate employees not specifically identified to either the Company or MSG Networks. For the three months ended December 31, 2014 , the net periodic benefit cost for the Postretirement Plan reported in the table above includes $29 of expenses related to MSG Networks employees, representing the contributory charge from the Company to MSG Networks for participation in the Postretirement Plan. In addition, for the three months ended December 31, 2014 , the Company allocated to MSG Networks $6 of net periodic benefit cost for the Postretirement Plan related to corporate employees not specifically identified to either the Company or MSG Networks. For the six months ended December 31, 2015 and 2014 , the net periodic benefit cost for the Postretirement Plan reported in the table above includes $18 and $58 , respectively, of expenses related to MSG Networks employees, representing the contributory charge from the Company to MSG Networks for participation in the Postretirement Plan. In addition, for the six months ended December 31, 2015 and 2014 , the Company allocated to MSG Networks $11 and $11 , respectively, of net periodic benefit cost for the Postretirement Plan related to corporate employees not specifically identified to either the Company or MSG Networks. In addition, prior to the Distribution, MSG Networks sponsored the MSG Holdings, L.P. 401(k) Savings Plan and the MSG Holdings, L.P. Excess Savings Plan (collectively, the “Savings Plans”). In connection with the Distribution, the MSG Holdings, L.P. 401(k) Savings Plan was converted into a multiple employer plan and, pursuant to the Employee Matters Agreement, the Company became the sponsor and a contributing employer to this plan. For the three months ended December 31, 2015 and 2014 , expenses related to the Savings Plans, excluding expenses related to MSG Networks employees, included in the accompanying consolidated and combined statements of operations were $868 and $848 , respectively. These amounts include $97 of expenses related to the Company’s corporate employees which were allocated to MSG Networks during the three months ended December 31, 2014 . For the six months ended December 31, 2015 and 2014 , expenses related to the Savings Plans, excluding expenses related to MSG Networks employees, included in the accompanying consolidated and combined statements of operations were $1,700 and $1,610 , respectively. These amounts include $89 and $170 of expenses related to the Company’s corporate employees which were allocated to MSG Networks for the six months ended December 31, 2015 and 2014 , respectively. In addition, prior to the Distribution, MSG Networks sponsored the MSG Holdings, L.P. 401(k) Union Plan (the “Union Savings Plan”). In connection with the Distribution, the Union Savings Plan was converted into a multiple employer plan and, pursuant to the Employee Matters Agreement, the Company became the sponsor and a contributing employer to this plan. For the three months ended December 31, 2015 and 2014 , expenses related to the Union Savings Plan included in the accompanying consolidated and combined statements of operations were $27 and $112 , respectively. For the six months ended December 31, 2015 and 2014 , expenses related to the Union Savings Plan included in the accompanying consolidated and combined statements of operations were $45 and $124 , respectively.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation In connection with the Distribution, the Company adopted its 2015 Employee Stock Plan (the “Employee Stock Plan”) and its 2015 Stock Plan for Non-Employee Directors (the “Non-Employee Director Plan”). Under the Employee Stock Plan, the Company is authorized to grant incentive stock options, non-qualified stock options, restricted shares, restricted stock units, stock appreciation rights and other equity-based awards. The Company may grant awards for up to 2,650 shares of Madison Square Garden Class A Common Stock (subject to certain adjustments). Options and stock appreciation rights under the Employee Stock Plan must be granted with an exercise price of not less than the fair market value of a share of Madison Square Garden Class A Common Stock on the date of grant and must expire no later than 10 years from the date of grant (or up to one additional year in the case of the death of a holder). The terms and conditions of awards granted under the Employee Stock Plan, including vesting and exercisability, are determined by the Compensation Committee of the Board of Directors (“Compensation Committee”) and may include terms or conditions based upon performance criteria. Under the Non-Employee Director Plan, the Company is authorized to grant non-qualified stock options, restricted stock units, restricted shares, stock appreciation rights and other equity-based awards. The Company may grant awards for up to 160 shares of Madison Square Garden Class A Common Stock (subject to certain adjustments). Options under the Non-Employee Director Plan must be granted with an exercise price of not less than the fair market value of a share of the Company’s Class A Common Stock on the date of grant and must expire no later than 10 years from the date of grant (or up to one additional year in the case of the death of a holder). The terms and conditions of awards granted under the Non-Employee Director Plan, including vesting and exercisability, are determined by the Compensation Committee. Unless otherwise provided in an applicable award agreement, options granted under this plan will be fully vested and exercisable, and restricted stock units granted under this plan will be fully vested, upon the date of grant. Treatment After the Distribution of Share-based Payment Awards Initially Granted Under MSG Networks Equity Award Programs Prior to the Distribution certain Company employees and non-employee directors, as well as employees and non-employee directors of MSG Networks (some of whom are employees or directors of the Company) participated in MSG Networks’ equity award programs (“MSG Networks Stock Plans”). In connection with the Distribution, each holder of MSG Networks stock options at the Distribution date received Company stock options based on the one for three distribution ratio (i.e., one share of the Company’s Class A Common Stock for every three shares of MSG Networks Class A Common Stock). The existing exercise price was allocated between the existing MSG Networks options and the Company’s new options based upon the ten -day volume-weighted average prices of the MSG Networks Class A Common Stock and the Company’s Class A Common Stock, taking into account the one for three distribution ratio. As a result of this adjustment, 25.64% of the pre-Distribution exercise price of options was allocated to the MSG Networks options and 74.36% was allocated to the new Company options. The options with respect to the Company’s Class A Common Stock were issued under the Employee Stock Plan or the Non-Employee Director Plan, as applicable. In connection with the Distribution, one restricted stock unit of the Company (“MSG RSUs”) was issued in respect of every three MSG Networks’ restricted stock units (“Networks RSUs”) that were granted to employees prior to July 1, 2015 and were outstanding as of the Distribution date. In addition, all Networks RSUs and MSG Networks performance restricted stock units ("Networks PSUs") granted to the Company’s employees during the three months ended September 30, 2015 and outstanding as of the Distribution date were converted into MSG RSUs and Company performance restricted stock units (“MSG PSUs”), respectively. Further, all Networks RSUs and Networks PSUs granted during the three months ended September 30, 2015 to employees that were employed by both MSG Networks and the Company following the Distribution were converted such that 70% of the value of such grants became MSG RSUs and MSG PSUs, respectively. All conversions described in this paragraph were calculated based upon the ten -day volume-weighted average price of the Company’s Class A Common Stock through October 14, 2015. The MSG RSUs and MSG PSUs with respect to the Company’s Class A Common Stock were issued under the Employee Stock Plan. Further, in connection with the Distribution, one share of the Company’s Class A Common Stock was issued in respect of every three Networks RSUs outstanding under MSG Networks’ 2010 Non-Employee Director Plan. These shares were issued under the Non-Employee Director Plan. As a result of the Distribution, 26 , 432 and 95 of the Company’s stock options, RSUs and PSUs, respectively, were issued to holders of MSG Networks equity awards. Share-based Compensation Expense Share-based compensation expense is generally recognized straight-line over the vesting term of the award, which typically provides for three -year vesting subject to continued employment. For MSG PSUs, the Company did not recognize share-based compensation expense during the first quarter of fiscal year 2016 as the performance conditions were not yet determined and therefore there was not a grant date for accounting purposes. On December 18, 2015, the Company’s Compensation Committee approved the conversion of the award to a three -year, time-vested award. Such award will cliff-vest on the third anniversary of the original grant date without a performance condition (other than conditions to satisfy tax deductibility for executive officers). As such, the Company began recognizing share-based compensation expense during the second quarter of fiscal year 2016. For the three months ended December 31, 2015 and 2014 , share-based compensation expense, reduced for estimated forfeiture, was recognized in the consolidated and combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses and was $7,154 and $4,772 , respectively. For the six months ended December 31, 2015 and 2014 , share-based compensation expense was $10,259 and $7,087 , respectively. Share Units Award Activity The following table summarizes activity relating to the Company's RSUs for the six months ended December 31, 2015 : Number of Weighted-Average Fair Value Per Share At Date of Grant Nonperformance Based Vesting RSUs Performance Based Vesting Unvested award balance as of September 30, 2015 103 19 $ 134.45 Granted 110 297 $ 176.56 Vested (7 ) — $ 179.16 Forfeited (19 ) — $ 155.10 Unvested award balance, December 31, 2015 187 316 $ 167.08

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Dec. 31, 2015
Stock Repurchase Program [Abstract]
Treasury Stock [Text Block]	Note 12. Stock Repurchase Program On September 11, 2015, the Company’s board of directors authorized the repurchase of up to $525,000 of the Company’s Class A Common Stock once the shares of the Company’s Class A Common Stock began “regular way” trading on October 1, 2015. Under the authorization, shares of Class A Common Stock may be purchased from time to time in open market transactions, in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. From the date of the authorization of the repurchase program through December 31, 2015 , the Company has repurchased 98 shares, which are determined based on the settlement date of such trades, for a total cost of $15,716 , including commissions and fees. These acquired shares have been classified as treasury stock in the accompanying consolidated balance sheet as of December 31, 2015 . As of December 31, 2015 , the Company had $509,286 of availability remaining under its stock repurchase authorization.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2015 , members of the Dolan family group, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, including trusts for the benefit of the Dolan family group, collectively beneficially own all of the Company's outstanding Class B Common Stock and own approximately 2.6% of the Company’s outstanding Class A Common Stock. Such shares of the Company’s Class A Common Stock and Class B Common Stock, collectively, represent approximately 69.8% of the aggregate voting power of the Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of MSG Networks, Cablevision Systems Corporation (“Cablevision”) and AMC Networks Inc. In connection with the Distribution, the Company has entered into various agreements with MSG Networks, including media rights agreements covering the Knicks and the Rangers games, an Advertising Sales Representation Agreement, and the TSA. In addition, the Company has various agreements with Cablevision. These agreements include arrangements with respect to a number of ongoing commercial relationships. The Company also has certain arrangements with its nonconsolidated affiliates. Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company's affiliates primarily with MSG Networks and Cablevision. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 and 2014 : Three Months Ended December 31, Six Months Ended December 31, 2015 2014 2015 2014 Revenues $ 41,321 $ 21,677 $ 74,880 $ 42,379 Operating expenses (credits): Corporate general and administrative, net - MSG Networks $ (2,196 ) $ (15,947 ) $ (33,787 ) $ (30,227 ) Advertising 777 1,283 945 1,425 Corporate general and administrative, net - Cablevision 1,091 474 1,411 1,154 Telephone and other fiber optic transmission services 396 362 781 734 Other 406 323 481 415 Revenues In connection with the Distribution, the Company entered into new media rights agreements with MSG Networks covering the Knicks and Rangers, which provide MSG Networks with exclusive media rights to team games in their local markets and a new Advertising Sales Representation Agreement pursuant to which the Company has the exclusive right and obligation, for a commission, to sell MSG Networks’ advertising availabilities. Revenues from related parties primarily consist of local media rights recognized by the Company’s Sports segment from the licensing of team-related programming to MSG Networks under these new media rights agreements. Local media rights are generally recognized on a straight-line basis over the fiscal year. In addition, the Company and Tribeca Enterprises have a service agreement pursuant to which the Company provides marketing inventory and consulting services to Tribeca Enterprises for a fee. Corporate General and Administrative Expense, net - MSG Networks The Company’s corporate overhead expenses are primarily related to centralized functions, including executive compensation, finance, treasury, tax, internal audit, legal, information technology, human resources and risk management functions. Prior to the Distribution, allocations of corporate overhead and shared services expense were based on direct usage or the relative proportion of revenue or headcount. In addition, the Company’s Sports and Entertainment segments charged MSG Networks for various services performed on behalf of Former Parent. The amounts for the three and six months ended December 31, 2014 are presented net of charges of $835 and $1,325 received from MSG Networks for services rendered to the Company’s Sports and Entertainment segments. Furthermore, for the three and six months ended December 31, 2015 , Corporate general and administrative expense, net - MSG Networks amounts reflect charges from the Company to MSG Networks under the TSA of $2,229 , net of general and administrative costs charged to the Company by MSG Networks. Advertising Expenses The Company incurs advertising expenses for services rendered by its related parties, primarily MSG Networks and Cablevision, most of which are related to the utilization of advertising and promotional benefits by the Company. Corporate General and Administrative Expenses, net - Cablevision Amounts are charged to the Company for corporate general and administrative expenses pursuant to administrative and other service agreements with Cablevision. Telephone and Other Fiber Optic Transmission Services Amounts are charged to the Company by Cablevision for telephone and other fiber optic transmission services. Other Operating Expenses The Company and its related parties enter into transactions with each other in the ordinary course of business. Amounts charged to the Company for other transactions with its related parties are net of amounts charged by the Company to the Knickerbocker Group, LLC, an entity owned by James L. Dolan, the Executive Chairman and a director of the Company, for office space equal to the allocated cost of such space. Loan receivable from MSG Networks On June 21, 2011, the Company’s wholly-owned captive insurance subsidiary, Eden Insurance Company, Inc. (“Eden”), entered into a loan agreement with MSG Networks (the “Loan Agreement”), under which Eden granted MSG Networks an unsecured loan bearing interest at a rate of 3.50% plus the six month applicable LIBOR rate with a principal amount not exceeding $8,000 . Subsequently, the Loan Agreement was amended to increase the borrowing capacity to $40,000 . While the term of the loan was five years, the subsidiary could have induced prepayment by MSG Networks with five business days notice. As a result of the Distribution, the loan payable was transferred to the Company and is now eliminated in consolidation. As of June 30, 2015, the subsidiary had an outstanding loan receivable from MSG Networks of $30,836 , inclusive of accrued interest, and such amount was the largest amount outstanding during the periods ending on such date. For all periods presented, no interest or principal payments were received by Eden. Instead, on a semi-annual basis, the accrued but unpaid interest was added to the outstanding principal amount of the loan. Other See Note 5 for information on outstanding loans provided by the Company to its nonconsolidated affiliates. Cash Management Historically, MSG Networks used a centralized approach to cash management and financing of operations. The Company’s cash was available for use and was regularly “swept” by MSG Networks at its discretion. Transfers of cash both to and from MSG Networks are included as components of MSG Networks investment on the consolidated and combined statements of stockholders’ equity. The primary components of the net transfers to/from MSG Networks are cash pooling/general financing activities, various expense allocations to/from MSG Networks, and receivables/payables from/to MSG Networks deemed to be effectively net settled at the Distribution date. MSG Networks Investment All balances and transactions among the Company and MSG Networks and its subsidiaries, which, prior to the Distribution, include intercompany activities, are shown as components of stockholders’ equity in the combined balance sheet as of June 30, 2015. As the books and records of the Company were not kept on a separate basis from MSG Networks prior to the Distribution, the determination of the average net balance due to or from MSG Networks was not practicable for the periods prior to the Distribution.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense (benefit) for the three and six months ended December 31, 2015 was $( 70 ) and $52 , respectively. The effective tax rates for the three and six months ended December 31, 2015 was (0.2)% and 0.1% , respectively. Income tax expense for the three and six months ended December 31, 2014 was $223 and $446 , respectively. The effective tax rate for the three and six months ended December 31, 2014 was 2.3% and (1.6)% , respectively. The Company’s effective tax rates for the three and six months ended December 31, 2015 are different when compared to the statutory federal rate of 35% primarily due to a reduction of approximately $20,800 in the valuation allowance recorded on the Company's net deferred tax asset established at the time of the Distribution. As part of the Distribution, MSG Networks is responsible for paying taxes on approximately $348,000 of deferred revenue from ticket sales, sponsorship and suite rentals collected in advance related to the Company's business. This initially created a deferred tax asset which the Company recorded a full valuation allowance against as it was more likely than not that the deferred tax asset would not be realized. In addition, the three month results include a benefit from a change in the state tax rates used to value deferred taxes related to indefinite-lived assets in connection with the filing of the December 31, 2014 state tax returns which included the Company's results. Both the three month and six month results reflect an expense from an increase in the deferred tax liability on indefinite-lived intangible assets that cannot serve as a source of taxable income to support the realization of deferred tax assets. The Company’s effective tax rates for the three and six months ended December 31, 2014 are different when compared to the statutory federal rate of 35% since an income tax benefit is not recognized on net operating losses attributable to these periods because a valuation allowance was recorded on the Company’s net deferred tax asset as it is more likely than not that the deferred tax asset will not be realized. Instead, the income tax expense is the result of an increase in the deferred tax liability on indefinite-lived intangible assets that cannot serve as a source of taxable income to support the realization of deferred tax assets. The Company has not recorded any unrecognized tax benefits for uncertain tax positions as of December 31, 2015 . The Company’s policy is to reflect interest and penalties associated with uncertain tax positions, if any, as a component of income tax expense.

Segment Information

Segment Information	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is comprised of two reportable segments: MSG Entertainment and MSG Sports. In determining its reportable segments, the Company assessed the guidance of FASB ASC 280-10-50-1, which provides the definition of an operating segment. The Company has evaluated this guidance and determined that there are two reportable segments based upon the information provided to its chief operating decision maker. The Company allocates certain corporate costs to each of its reportable segments. In addition, the Company allocates its venue operating expenses to each of its reportable segments. Allocated venue operating expenses include the non-event related costs of operating the Company’s venues, and include such costs as rent for the Company’s leased venues, real estate taxes, insurance, utilities, repairs and maintenance, and labor related to the overall management of the venues. Depreciation expense related to The Garden, The Theater at Madison Square Garden, and the Forum is not allocated to the reportable segments and is reported in “All other.” The Company evaluates segment performance based on several factors, of which the key financial measure is their operating income (loss) before (i) depreciation, amortization and impairments of property and equipment and intangible assets, (ii) share-based compensation expense or benefit, (iii) restructuring charges or credits and (iv) gains or losses on sales or dispositions of businesses, which is referred to as adjusted operating cash flow (“AOCF”), a non-GAAP measure . The Company believes AOCF is an appropriate measure for evaluating the operating performance of its business segments and the Company on a consolidated basis. AOCF and similar measures with similar titles are common performance measures used by investors and analysts to analyze the Company’s performance. The Company uses revenues and AOCF measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. AOCF should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with GAAP. The Company has presented the components that reconcile AOCF to operating income (loss), an accepted GAAP measure. Information as to the operations of the Company’s reportable segments is set forth below. Three Months Ended December 31, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 183,834 $ 226,786 $ 218 $ 410,838 Direct operating expenses 110,477 139,155 — 249,632 Selling, general and administrative expenses 25,314 45,567 15,381 (a) 86,262 Add back: share-based compensation expense 2,100 2,441 2,613 7,154 AOCF 50,143 44,505 (12,550 ) 82,098 Depreciation and amortization 2,528 2,769 20,608 (b) 25,905 Share-based compensation expense 2,100 2,441 2,613 7,154 Operating income (loss) $ 45,515 $ 39,295 $ (35,771 ) $ 49,039 Equity in loss of equity-method investments (2,475 ) Interest income 1,448 Interest expense (514 ) Miscellaneous expense (c) (4,080 ) Income from operations before income taxes $ 43,418 Other information: Capital expenditures $ 328 $ 1,562 $ 5,509 $ 7,399 Three Months Ended December 31, 2014 MSG Entertainment MSG Sports All Other Total Revenues $ 194,125 $ 202,512 $ 177 $ 396,814 Direct operating expenses 118,810 150,057 3 268,870 Selling, general and administrative expenses 18,350 36,085 8,566 (a), (d) 63,001 Add back: share-based compensation expense 896 1,025 2,851 4,772 AOCF 57,861 17,395 (5,541 ) 69,715 Depreciation and amortization 2,546 2,769 19,709 (b) 25,024 Share-based compensation expense 896 1,025 2,851 4,772 Operating income (loss) $ 54,419 $ 13,601 $ (28,101 ) $ 39,919 Equity in loss of equity-method investments (30,151 ) Interest income 715 Interest expense (619 ) Miscellaneous expense (5 ) Income from operations before income taxes $ 9,859 Other information: Capital expenditures $ 1,104 $ 2,010 $ 28,234 (e) $ 31,348 Six Months Ended December 31, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 260,860 $ 299,934 $ 425 $ 561,219 Direct operating expenses 167,478 153,504 — 320,982 Selling, general and administrative expenses 43,122 81,527 19,981 (a) 144,630 Add back: share-based compensation expense 3,016 4,015 3,228 10,259 AOCF 53,276 68,918 (16,328 ) 105,866 Depreciation and amortization 5,102 5,629 40,414 (b) 51,145 Share-based compensation expense 3,016 4,015 3,228 10,259 Operating income (loss) $ 45,158 $ 59,274 $ (59,970 ) $ 44,462 Equity in earnings of equity-method investments 204 Interest income 2,405 Interest expense (1,054 ) Miscellaneous expense (c) (4,080 ) Income from operations before income taxes $ 41,937 Other information: Capital expenditures $ 917 $ 3,329 $ 55,435 (e) $ 59,681 Six Months Ended December 31, 2014 MSG Entertainment MSG Sports All Other Total Revenues $ 259,360 $ 256,017 $ 353 $ 515,730 Direct operating expenses 171,458 165,448 — 336,906 Selling, general and administrative expenses 32,795 67,551 14,056 (a), (d) 114,402 Add back: share-based compensation expense 1,850 2,164 3,073 7,087 AOCF 56,957 25,182 (10,630 ) 71,509 Depreciation and amortization 5,072 15,735 38,756 (b) 59,563 Share-based compensation expense 1,850 2,164 3,073 7,087 Operating income (loss) $ 50,035 $ 7,283 $ (52,459 ) $ 4,859 Equity in loss of equity-method investments (32,755 ) Interest income 1,448 Interest expense (1,275 ) Miscellaneous income 75 Loss from operations before income taxes $ (27,648 ) Other information: Capital expenditures $ 1,906 $ 3,082 $ 33,346 (e) $ 38,334 _________________ (a) Consists of unallocated corporate general and administrative costs. (b) Principally includes depreciation and amortization expense on The Garden, The Theater at Madison Square Garden, the Forum, and certain corporate property, equipment and leasehold improvement assets not allocated to the Company’s reportable segments. (c) Miscellaneous expenses for the three and six months ended December 31, 2015 primarily include partial write-down of one of the Company’s cost-method investments (see Note 5 ). (d) The amounts for the three and six months ended December 31, 2014 include executive management transition costs. (e) Capital expenditures for the six months ended December 31, 2015 are primarily associated with the purchase of a new aircraft, as well as certain investments with respect to The Garden. Capital expenditures for the three and six months ended December 31, 2014 are primarily associated with certain investments with respect to The Garden and the Forum. Substantially all revenues and assets of the Company’s reportable segments are attributed to or located in the United States and are primarily concentrated in the New York metropolitan area.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation and Combination For the periods prior to the Distribution, the financial statements include certain assets and liabilities that were historically held at Former Parent’s corporate level but were specifically identifiable or otherwise attributable to the Company. All intercompany transactions between the Company and Former Parent have been included in the combined financial statements as components of MSG Networks investment. All significant intracompany transactions and accounts within the Company's consolidated and combined financial statements have been eliminated. Expenses related to corporate allocations prior to the Distribution were considered to be effectively settled in the combined financial statements at the time the transaction was recorded, with the offset recorded against MSG Networks investment.
Use of Estimates	Use of Estimates The preparation of the accompanying Financial Statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the valuation of accounts receivable, investments, goodwill, intangible assets, other long-lived assets, tax accruals and other liabilities. In addition, estimates are used in revenue recognition, revenue sharing expense (net of escrow), luxury tax expense, income tax expense, performance and share-based compensation, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the Financial Statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and as such these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods.
Earnings (Loss) Per Common Share [Policy Text Block]	Earnings (Loss) Per Common Share Basic earnings (loss) per common share (“EPS”) is based upon net income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the effect of the assumed vesting of restricted stock units and exercise of stock options (see Note 11 ) only in the periods in which such effect would have been dilutive. For the period when net loss is reported, the computation of diluted loss per share equals the basic loss per common share calculation since common stock equivalents were antidilutive due to losses from continuing operations.
Income Taxes [Policy Text Block]	Income Taxes For the periods after the Distribution, the Company's provision for income taxes is based on current period income, changes in deferred tax assets and liabilities and changes in estimates with regard to uncertain tax positions. Deferred tax assets are subject to an ongoing assessment of realizability. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company's ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income to allow for the realization of its deductible temporary differences. If such estimates and related assumptions change in the future, the Company may be required to record valuation allowances against its deferred tax assets, resulting in additional income tax expense in the Company's consolidated statements of operations. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense. The Company accounts for investment tax credits using the “flow-through” method, under which the tax benefit generated from an investment tax credit is recorded in the period the credit is generated.
Restricted Cash [Policy Text Block]	Restricted Cash Restricted cash includes cash required to be withheld from player salaries and deposited in an escrow account which is in the name of the Company pursuant to the NHL collective bargaining agreement ("CBA"). The escrow account will be distributed subsequent to the end of the season to the players and NHL teams based on the provisions of the NHL CBA. In addition, the Company’s restricted cash also includes deposits used as collateral for securing letters of credit. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments. Changes in restricted cash are reflected in cash flows from either operating or investing activities, depending on the circumstances to which the changes in the underlying restricted cash relate.
Recently Adopted Accounting Pronouncements [Policy Text Block]	Recently Adopted Accounting Pronouncement In November 2015, the FASB issued Accounting Standards Update (“ASU”) No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. The Company early-adopted this ASU on a prospective basis on the consolidated balance sheet as of December 31, 2015 and applicable prior periods were not retrospectively adjusted.
Recently Issued Acounting Pronouncements Not Yet Adopted [Policy Text Block]	Recently Issued Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , which supersedes the revenue recognition requirements in FASB ASC Topic 605, Revenue Recognition. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange f or those goods or services. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) : Deferral of the Effective Date , which defers the effective date of ASU No. 2014-09 for all entities by one year. Early adoption is permitted and the Company can early adopt ASU No. 2014-09 beginning in the first quarter of fiscal year 2018. If the Company does not apply the early adoption provision, ASU No. 2014-09 will be effective for the Company beginning in the first quarter of fiscal year 2019 using one of two retrospective application methods. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , which changes the analysis to be performed in determining whether certain types of legal entities should be consolidated. Specifically, it (1) modifies the assessment of whether limited partnerships are variable interest entities (VIEs) or voting interest entities, (2) eliminates the presumption that a limited partnership should be consolidated by its general partner, (3) removes certain conditions for the evaluation of whether a fee paid to a decision maker constitutes a variable interest, and (4) modifies the evaluation concerning the impact of related parties in the determination of the primary beneficiary of a VIE. This standard will be effective for the Company beginning in the first quarter of fiscal year 2017 using one of two retrospective application methods. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement , which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract and expense the cost as the services are received. This standard will be effective for the Company beginning in the first quarter of fiscal year 2017. Early adoption is permitted. This standard may be adopted retrospectively or prospectively to arrangements entered into, or materially modified, after the effective date. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The standard addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is not permitted with the exception of certain provisions related to the presentation of other comprehensive income. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

Computation of Earnings per Com

Computation of Earnings per Common Share (Tables)	6 Months Ended
	Dec. 31, 2015
Computation of Earnings per Common Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted EPS. Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Weighted-average shares for basic EPS 24,971 24,928 24,949 24,928 Dilutive effect of shares issuable under share-based compensation plans 84 — 82 — Weighted-average shares for diluted EPS 25,055 24,928 25,031 24,928 Anti-dilutive shares 4 — 2 —

Investments and Loans to Nonc26

Investments and Loans to Nonconsolidated Affiliates (Tables)	6 Months Ended
	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Cost and Equity Method Investments [Table Text Block]	The Company’s investments and loans to nonconsolidated affiliates consisted of the following: Ownership Percentage Investment Loan (d) Total December 31, 2015 Azoff MSG Entertainment LLC (“Azoff-MSG”) (a) 50 % $ 116,992 $ 84,000 $ 200,992 Brooklyn Bowl Las Vegas, LLC (“BBLV”) (a) (b) — 2,662 2,662 Tribeca Enterprises LLC (“Tribeca Enterprises”) (a) 50 % 19,849 6,000 25,849 Fuse Media (a) 15 % 22,568 — 22,568 Other (c) 11,389 1,677 13,066 Total investments and loans to nonconsolidated affiliates $ 170,798 $ 94,339 $ 265,137 June 30, 2015 Azoff-MSG (a) 50 % $ 118,717 $ 75,000 $ 193,717 BBLV (a) (b) — 2,662 2,662 Tribeca Enterprises (a) 50 % 16,791 4,000 20,791 Fuse Media (a) 15 % 23,509 — 23,509 Other (a) 8,715 — 8,715 Total investments and loans to nonconsolidated affiliates $ 167,732 $ 81,662 $ 249,394 _________________ (a) Denotes that such investment is accounted for under the equity-method of accounting. (b) The Company is entitled to receive back its capital, which was 74% of BBLV's total capital as of December 31, 2015 and June 30, 2015 , plus a preferred return, after which the Company would own a 20% interest in BBLV. (c) Investment amount includes equity-method investments of $7,719 and cost-method investments of $3,670 . (d) Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of December 31, 2015 and June 30, 2015 . As a result of certain legal and regulatory actions against one of the Company’s cost-method investments, the Company evaluated whether or not an other-than-temporary impairment of this cost-method investment had occurred as of December 31, 2015 . This evaluation resulted in the Company recording a pre-tax non-cash impairment charge of $4,080 to partially write down the carrying value of its cost-method investment, which is reflected in miscellaneous income (expense) in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 . The following is summarized financial information for the Company’s individually significant equity-method investments, presented in aggregate, as required by the guidance in SEC Regulation S-X Rule 10-01(b)(1). The amounts shown below represent 100% of these equity-method investments’ results of operations. Three Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Results of Operations Revenues $ 69,579 $ 27,964 $ 148,510 $ 52,076 Loss from continuing operations (4,457 ) (8,392 ) (3,615 ) (11,197 ) Net loss (4,457 ) (8,392 ) (3,615 ) (11,197 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Segment	The carrying amounts of goodwill, by reportable segment, as of December 31, 2015 and June 30, 2015 are as follows: MSG Entertainment $ 58,979 MSG Sports 218,187 $ 277,166
Schedule of Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of December 31, 2015 and June 30, 2015 are as follows: Sports franchises (MSG Sports segment) $ 101,429 Trademarks (MSG Entertainment segment) 62,421 Photographic related rights (MSG Sports segment) 3,000 $ 166,850
Schedule of Intangible Assets Subject to Amortization	The Company’s intangible assets subject to amortization are as follows: December 31, 2015 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (56,549 ) $ 16,575 Suite holder relationships 15,394 (15,038 ) 356 Other intangibles 4,217 (2,293 ) 1,924 $ 92,735 $ (73,880 ) $ 18,855 June 30, 2015 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (53,919 ) $ 19,205 Suite holder relationships 15,394 (14,339 ) 1,055 Other intangibles 4,217 (2,153 ) 2,064 $ 92,735 $ (70,411 ) $ 22,324

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	As of December 31, 2015 and June 30, 2015 , property and equipment consisted of the following assets: December 31, June 30, Land $ 91,678 $ 91,678 Buildings 1,106,887 1,098,191 Equipment 273,722 264,054 Aircraft 38,084 — Furniture and fixtures 49,725 49,400 Leasehold improvements 131,039 130,620 Construction in progress 5,843 10,455 1,696,978 1,644,398 Less accumulated depreciation and amortization (503,283 ) (455,705 ) $ 1,193,695 $ 1,188,693

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets Measured on a Recurring Basis	The following table presents for each of these hierarchy levels, the Company’s assets that are measured at fair value on a recurring basis, which include cash equivalent and restricted cash: Level I Level II Level III Total December 31, 2015 Assets: Money market accounts $ 359,569 $ — $ — $ 359,569 Time deposits 1,197,652 — — 1,197,652 Total assets measured at fair value $ 1,557,221 $ — $ — $ 1,557,221 June 30, 2015 Assets: Money market accounts $ — $ — $ — $ — Time deposits 12,513 — — 12,513 Total assets measured at fair value $ 12,513 $ — $ — $ 12,513

Pension Plans and Other Postr30

Pension Plans and Other Postretirement Benefit Plan (Tables)	6 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Periodic Benefit Cost	Components of net periodic benefit cost for the Pension Plans and Postretirement Plan recognized in direct operating expenses and selling, general and administrative expenses in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 and 2014 are as follows: Pension Plans Postretirement Plan Three Months Ended Three Months Ended December 31, December 31, 2015 2014 2015 2014 Service cost $ 1,502 $ 1,626 $ 32 $ 61 Interest cost 1,680 1,806 58 93 Expected return on plan assets (740 ) (807 ) — — Recognized actuarial loss (a) 255 513 — 6 Amortization of unrecognized prior service cost (credit) (a) — 7 (20 ) (35 ) Net periodic benefit cost $ 2,697 $ 3,145 $ 70 $ 125 Pension Plans Postretirement Plan Six Months Ended Six Months Ended December 31, December 31, 2015 2014 2015 2014 Service cost $ 3,014 $ 3,252 $ 82 $ 122 Interest cost 3,609 3,613 149 186 Expected return on plan assets (1,480 ) (1,614 ) — — Recognized actuarial loss (a) 554 1,025 — 12 Amortization of unrecognized prior service cost (credit) (a) 14 13 (51 ) (70 ) Net periodic benefit cost $ 5,711 $ 6,289 $ 180 $ 250 ________________ (a) Reflects amounts reclassified from accumulated other comprehensive loss.

Share-Based Compensation Schedu

Share-Based Compensation Schedule of Share-based Compensation (Tables)	6 Months Ended
	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	The following table summarizes activity relating to the Company's RSUs for the six months ended December 31, 2015 : Number of Weighted-Average Fair Value Per Share At Date of Grant Nonperformance Based Vesting RSUs Performance Based Vesting Unvested award balance as of September 30, 2015 103 19 $ 134.45 Granted 110 297 $ 176.56 Vested (7 ) — $ 179.16 Forfeited (19 ) — $ 155.10 Unvested award balance, December 31, 2015 187 316 $ 167.08

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	The following table summarizes the composition and amounts of the transactions with the Company's affiliates primarily with MSG Networks and Cablevision. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for the three and six months ended December 31, 2015 and 2014 : Three Months Ended December 31, Six Months Ended December 31, 2015 2014 2015 2014 Revenues $ 41,321 $ 21,677 $ 74,880 $ 42,379 Operating expenses (credits): Corporate general and administrative, net - MSG Networks $ (2,196 ) $ (15,947 ) $ (33,787 ) $ (30,227 ) Advertising 777 1,283 945 1,425 Corporate general and administrative, net - Cablevision 1,091 474 1,411 1,154 Telephone and other fiber optic transmission services 396 362 781 734 Other 406 323 481 415

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Information as to the operations of the Company’s reportable segments is set forth below. Three Months Ended December 31, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 183,834 $ 226,786 $ 218 $ 410,838 Direct operating expenses 110,477 139,155 — 249,632 Selling, general and administrative expenses 25,314 45,567 15,381 (a) 86,262 Add back: share-based compensation expense 2,100 2,441 2,613 7,154 AOCF 50,143 44,505 (12,550 ) 82,098 Depreciation and amortization 2,528 2,769 20,608 (b) 25,905 Share-based compensation expense 2,100 2,441 2,613 7,154 Operating income (loss) $ 45,515 $ 39,295 $ (35,771 ) $ 49,039 Equity in loss of equity-method investments (2,475 ) Interest income 1,448 Interest expense (514 ) Miscellaneous expense (c) (4,080 ) Income from operations before income taxes $ 43,418 Other information: Capital expenditures $ 328 $ 1,562 $ 5,509 $ 7,399 Three Months Ended December 31, 2014 MSG Entertainment MSG Sports All Other Total Revenues $ 194,125 $ 202,512 $ 177 $ 396,814 Direct operating expenses 118,810 150,057 3 268,870 Selling, general and administrative expenses 18,350 36,085 8,566 (a), (d) 63,001 Add back: share-based compensation expense 896 1,025 2,851 4,772 AOCF 57,861 17,395 (5,541 ) 69,715 Depreciation and amortization 2,546 2,769 19,709 (b) 25,024 Share-based compensation expense 896 1,025 2,851 4,772 Operating income (loss) $ 54,419 $ 13,601 $ (28,101 ) $ 39,919 Equity in loss of equity-method investments (30,151 ) Interest income 715 Interest expense (619 ) Miscellaneous expense (5 ) Income from operations before income taxes $ 9,859 Other information: Capital expenditures $ 1,104 $ 2,010 $ 28,234 (e) $ 31,348 Six Months Ended December 31, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 260,860 $ 299,934 $ 425 $ 561,219 Direct operating expenses 167,478 153,504 — 320,982 Selling, general and administrative expenses 43,122 81,527 19,981 (a) 144,630 Add back: share-based compensation expense 3,016 4,015 3,228 10,259 AOCF 53,276 68,918 (16,328 ) 105,866 Depreciation and amortization 5,102 5,629 40,414 (b) 51,145 Share-based compensation expense 3,016 4,015 3,228 10,259 Operating income (loss) $ 45,158 $ 59,274 $ (59,970 ) $ 44,462 Equity in earnings of equity-method investments 204 Interest income 2,405 Interest expense (1,054 ) Miscellaneous expense (c) (4,080 ) Income from operations before income taxes $ 41,937 Other information: Capital expenditures $ 917 $ 3,329 $ 55,435 (e) $ 59,681 Six Months Ended December 31, 2014 MSG Entertainment MSG Sports All Other Total Revenues $ 259,360 $ 256,017 $ 353 $ 515,730 Direct operating expenses 171,458 165,448 — 336,906 Selling, general and administrative expenses 32,795 67,551 14,056 (a), (d) 114,402 Add back: share-based compensation expense 1,850 2,164 3,073 7,087 AOCF 56,957 25,182 (10,630 ) 71,509 Depreciation and amortization 5,072 15,735 38,756 (b) 59,563 Share-based compensation expense 1,850 2,164 3,073 7,087 Operating income (loss) $ 50,035 $ 7,283 $ (52,459 ) $ 4,859 Equity in loss of equity-method investments (32,755 ) Interest income 1,448 Interest expense (1,275 ) Miscellaneous income 75 Loss from operations before income taxes $ (27,648 ) Other information: Capital expenditures $ 1,906 $ 3,082 $ 33,346 (e) $ 38,334 _________________ (a) Consists of unallocated corporate general and administrative costs. (b) Principally includes depreciation and amortization expense on The Garden, The Theater at Madison Square Garden, the Forum, and certain corporate property, equipment and leasehold improvement assets not allocated to the Company’s reportable segments. (c) Miscellaneous expenses for the three and six months ended December 31, 2015 primarily include partial write-down of one of the Company’s cost-method investments (see Note 5 ). (d) The amounts for the three and six months ended December 31, 2014 include executive management transition costs. (e) Capital expenditures for the six months ended December 31, 2015 are primarily associated with the purchase of a new aircraft, as well as certain investments with respect to The Garden. Capital expenditures for the three and six months ended December 31, 2014 are primarily associated with certain investments with respect to The Garden and the Forum.

Description of Business and B34

Description of Business and Basis of Presentation (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2015segments	Sep. 21, 2015
Number of reportable segments | segments		2
Percentage of ownership of business distributed to stockholders in Spin Off	100.00%
MSG Networks [Member]
Proceeds from Distribution | $	$ 1,467,093
Class A Common Stock [Member]
Stock Conversion Ratio in Distribution			0.3333
Class B Common Stock [Member]
Stock Conversion Ratio in Distribution			0.3333

Computation of Earnings per C35

Computation of Earnings per Common Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Computation of Earnings per Common Share [Abstract]
Common stock, shares outstanding					24,928
Weighted-average shares for basic EPS	24,971	24,928	24,949	24,928
Dilutive effect of shares issuable under share-based compensation plans	84	0	82	0
Weighted-average shares for diluted EPS	25,055	24,928	25,031	24,928
Anti-dilutive shares	4	0	2	0

Team Personnel Transactions (De

Team Personnel Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Team Personnel Transactions And Insurance Recoveries [Abstract]
Provisions for Team Personnel Transactions net of insurance recoveries	$ 4,291	$ 4,675

Investments and Loans to Nonc37

Investments and Loans to Nonconsolidated Affiliates (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2015		Dec. 31, 2014	Jun. 30, 2015
Schedule of Investments [Line Items]
Equity Method Investments		$ 170,798			$ 170,798			$ 167,732
Cost Method Investments		3,670			3,670
Advances to Affiliates		94,339			94,339			81,662
Investments and loans to nonconsolidated affiliates		265,137			265,137			249,394
Equity Method Investments		7,719			7,719
Advances to Affiliates, Interest Receivable		62			62			$ 62
Cost Method Investment, Other than Temporary Impairment		4,080			4,080		$ 0
Revenues		69,579		$ 27,964	148,510		52,076
Loss from continuing operations		(4,457)		(8,392)	(3,615)		(11,197)
Net loss		$ (4,457)		$ (8,392)	$ (3,615)		$ (11,197)
Azoff MSG Entertainment LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		50.00%			50.00%			50.00%
Equity Method Investments	[1]	$ 116,992			$ 116,992			$ 118,717
Advances to Affiliates	[2]	84,000			84,000			75,000	[3]
Investments and loans to nonconsolidated affiliates		$ 200,992			$ 200,992			$ 193,717
Brooklyn Bowl Las Vegas LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		74.00%			74.00%			74.00%
Equity Method Investments	[1],[3]	$ 0			$ 0			$ 0
Advances to Affiliates	[2]	2,662			2,662			2,662	[3]
Investments and loans to nonconsolidated affiliates		$ 2,662			$ 2,662			$ 2,662
Equity Method Investment, Ownership Percentage after Change		20.00%			20.00%
Tribeca Enterprises, LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		50.00%			50.00%			50.00%
Equity Method Investments	[1]	$ 19,849			$ 19,849			$ 16,791
Advances to Affiliates	[2]	6,000			6,000			4,000
Investments and loans to nonconsolidated affiliates		$ 25,849			$ 25,849			$ 20,791
Fuse Media, LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		15.00%			15.00%			15.00%
Equity Method Investments	[1]	$ 22,568			$ 22,568			$ 23,509
Investments and loans to nonconsolidated affiliates		22,568			22,568			23,509
Other Affiliates [Member]
Schedule of Investments [Line Items]
Equity Method Investments		11,389	[4]		11,389	[4]		8,715	[1]
Advances to Affiliates	[2]	1,677			1,677
Investments and loans to nonconsolidated affiliates		$ 13,066			$ 13,066			$ 8,715
[1]	Denotes that such investment is accounted for under the equity-method of accounting.
[2]	Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of December 31, 2015 and June 30, 2015.
[3]	The Company is entitled to receive back its capital, which was 74% of BBLV's total capital as of December 31, 2015 and June 30, 2015, plus a preferred return, after which the Company would own a 20% interest in BBLV.
[4]	mount includes equity-method investments of $7,719 and cost-method investments of $3,670.

Goodwill and Intangible Asset38

Goodwill and Intangible Assets (Carrying Amount of Goodwill By Reportable Segment) (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Goodwill [Line Items]
Goodwill	$ 277,166	$ 277,166
Impairment of goodwill	0
Madison Square Garden Entertainment [Member]
Goodwill [Line Items]
Goodwill	58,979	58,979
Madison Square Garden Sports [Member]
Goodwill [Line Items]
Goodwill	$ 218,187	$ 218,187

Goodwill and Intangible Asset39

Goodwill and Intangible Assets (Schedule of Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	$ 166,850	$ 166,850
Impairment of indefinite-lived intangible assets	0
Sports franchises [Member] | Madison Square Garden Sports [Member]
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	101,429	101,429
Trademarks [Member] | Madison Square Garden Entertainment [Member]
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	62,421	62,421
Photographic related rights [Member] | Madison Square Garden Sports [Member]
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets	$ 3,000	$ 3,000

Goodwill and Intangible Asset40

Goodwill and Intangible Assets (Schedule of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross	$ 92,735		$ 92,735		$ 92,735
Accumulated Amortization	(73,880)		(73,880)		(70,411)
Net	18,855		18,855		22,324
Finite-Lived Intangible Assets, Amortization Expense	1,734	$ 1,734	3,469	$ 3,469
Season Ticket Holder Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	73,124		73,124		73,124
Accumulated Amortization	(56,549)		(56,549)		(53,919)
Net	16,575		16,575		19,205
Suite Holder Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	15,394		15,394		15,394
Accumulated Amortization	(15,038)		(15,038)		(14,339)
Net	356		356		1,055
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	4,217		4,217		4,217
Accumulated Amortization	(2,293)		(2,293)		(2,153)
Net	$ 1,924		$ 1,924		$ 2,064

Property and Equipment (Schedul

Property and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,696,978	$ 1,644,398
Less accumulated depreciation and amortization	(503,283)	(455,705)
Property and equipment, net	1,193,695	1,188,693
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	91,678	91,678
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,106,887	1,098,191
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	273,722	264,054
Aircraft [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	38,084	0
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	49,725	49,400
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	131,039	130,620
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,843	$ 10,455

Property and Equipment (Narrati

Property and Equipment (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense on property and equipment	$ 24,171	$ 23,290	$ 47,676	$ 56,094
Aircraft [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross			$ 38,084
Madison Square Garden Sports [Member] | Operating Segments [Member] | Aircraft [Member]
Property, Plant and Equipment [Line Items]
Accelerated Depreciation Expense				$ 8,400

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Fair Value, Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 1,557,221	$ 12,513
Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,557,221	12,513
Level II [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Level III [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Money market accounts [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	359,569	0
Money market accounts [Member] | Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	359,569	0
Money market accounts [Member] | Level II [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Money market accounts [Member] | Level III [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Time deposits [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,197,652	12,513
Time deposits [Member] | Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	1,197,652	12,513
Time deposits [Member] | Level II [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Time deposits [Member] | Level III [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 0	$ 0

Pension Plans and Other Postr44

Pension Plans and Other Postretirement Benefit Plan (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Pension Plans [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost		$ 1,502	$ 1,626	$ 3,014	$ 3,252
Interest cost		1,680	1,806	3,609	3,613
Expected return on plan assets		(740)	(807)	(1,480)	(1,614)
Recognized actuarial loss	[1]	255	513	554	1,025
Amortization of unrecognized prior service cost (credit)	[1]	0	7	14	13
Net periodic benefit cost		2,697	3,145	5,711	6,289
Postretirement Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost		32	61	82	122
Interest cost		58	93	149	186
Expected return on plan assets		0	0	0	0
Recognized actuarial loss	[1]	0	6	0	12
Amortization of unrecognized prior service cost (credit)	[1]	(20)	(35)	(51)	(70)
Net periodic benefit cost		$ 70	$ 125	$ 180	$ 250
[1]	Reflects amounts reclassified from accumulated other comprehensive loss.

Pension Plans And Other Postr45

Pension Plans And Other Postretirement Benefit Plan (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Pension Plans [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	$ 2,697	$ 3,145	$ 5,711	$ 6,289
Postretirement Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	70	125	180	250
MSG Networks [Member] | MSG Union Plan [Member]
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Defined Contribution Plan, Cost Recognized	27	112	45	124
MSG Networks [Member] | Employee [Member] | MSG Saving Plans [Member]
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Defined Contribution Plan, Cost Recognized	$ 868	848	1,700	1,610
MSG Networks [Member] | Corporate Employee [Member] | MSG Saving Plans [Member]
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Defined Contribution Plan, Cost Recognized		97	89	170
MSG Networks [Member] | Pension Plans [Member] | Employee [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost		521	485	1,040
MSG Networks [Member] | Pension Plans [Member] | Corporate Employee [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost		213	229	424
MSG Networks [Member] | Postretirement Plan [Member] | Employee [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost		29	18	58
MSG Networks [Member] | Postretirement Plan [Member] | Corporate Employee [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost		$ 6	$ 11	$ 11

Share-Based Compensation (Detai

Share-Based Compensation (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares	Sep. 30, 2015$ / sharesshares	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Sep. 21, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Share-based Compensation | $	$ 7,154		$ 4,772	$ 10,259	$ 7,087
Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Conversion Ratio in Distribution						0.3333
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		26
Employee Stock Option [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Exercise Price of Options Allocated, Percent				74.36%
Employee Stock Option [Member] | 2015 Employee Stock Plan [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	2,650			2,650
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				10 years
Employee Stock Option [Member] | 2015 Stock Plan for Non-Employee Directors [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	160			160
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				10 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Percent of Value of Grants Allocated as Result of Distribution		70.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		432
Restricted Stock Units (RSUs) [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighed Average Price Term		10 days
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Percent of Value of Grants Allocated as Result of Distribution		70.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		95
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Performance Shares [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighed Average Price Term		10 days
Performance Stock Units and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 167.08	$ 134.45		$ 167.08
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	176.56
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	179.16
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	$ 155.10
MSG Networks [Member] | Employee Stock Option [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighed Average Price Term				10 days
Share-based Compensation Arrangement by Share-based Payment Award, Exercise Price of Options Allocated, Percent				25.64%
Non-Performance Vesting [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	187	103		187
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	110
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(7)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(19)
Performance Vesting [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	316	19		316
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	297
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Expiration Triggered By The Death of the Grantee [Member] | Employee Stock Option [Member] | 2015 Employee Stock Plan [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				1 year
Expiration Triggered By The Death of the Grantee [Member] | Employee Stock Option [Member] | 2015 Stock Plan for Non-Employee Directors [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				1 year

Stock Repurchase Program Stock

Stock Repurchase Program Stock Repurchase Program (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Sep. 11, 2015
Stock Repurchase Program [Abstract]
Stock Repurchase Program, Authorized Amount			$ 525,000
Treasury Stock, Shares, Acquired	98
Treasury Stock, Value, Acquired, Cost Method	$ 15,716	$ 15,716
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 509,286	$ 509,286

Related Party Transactions (Own

Related Party Transactions (Ownership Percentage) (Details)	Dec. 31, 2015	Sep. 30, 2015
Related Party Ownership Percentage [Line Items]
Aggregate Voting Power Held By Related Party	69.80%
Common Class A [Member]
Related Party Ownership Percentage [Line Items]
Percentage of Common Stock Owned by Related Party	2.60%
Common Class B [Member]
Related Party Ownership Percentage [Line Items]
Percentage of Common Stock Owned by Related Party		100.00%

Related Party Transactions (Tra

Related Party Transactions (Transactions by Type) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Revenues	$ 41,321	$ 21,677	$ 74,880	$ 42,379
Advertising	777	1,283	945	1,425
Telephone and other fiber optic transmission services	396	362	781	734
Other	406	323	481	415
MSG Networks [Member]
Related Party Transaction [Line Items]
Corporate general and administrative, net	(2,196)	(15,947)	(33,787)	(30,227)
Related party transaction, transition services agreement	2,229		2,229
Related Party Transaction, Expenses from Transactions with Related Party		835		1,325
Affiliate, Cablevision [Member]
Related Party Transaction [Line Items]
Corporate general and administrative, net	$ 1,091	$ 474	$ 1,411	$ 1,154

Related Party Transactions Rela

Related Party Transactions Related Party Transactions (Loan Receivable from MSG Networks) (Details) - USD ($) $ in Thousands	Jun. 21, 2011	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Related Party Transaction [Line Items]
Loan receivable from MSG Networks		$ 0		$ 30,836
MSG Networks [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 8,000
Line of Credit Facility, Current Borrowing Capacity			$ 40,000
Loan receivable from MSG Networks				$ 30,836
London Interbank Offered Rate (LIBOR) [Member] | Unsecured Debt [Member] | MSG Networks [Member]
Related Party Transaction [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Debt Instrument, Term	5 years
Debt Instrument, Prepayment Notice Term, Minimum	5 days

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ (70)	$ 223	$ 52	$ 446
Effective Income Tax Rate Reconciliation, Percent	(0.20%)	2.30%	0.10%	(1.60%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%	35.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 20,800		$ 20,800
Deferred Tax Assets, Deferred Income					$ 348,000

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting Information by Segment) (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2015		Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues	[1]	$ 410,838		$ 396,814		$ 561,219		$ 515,730
Direct operating expenses (b)	[2]	249,632		268,870		320,982		336,906
Selling, general and administrative expenses (c)	[3]	86,262		63,001		144,630		114,402
AOCF		82,098		69,715		105,866		71,509
Depreciation and amortization		25,905		25,024		51,145		59,563
Share-based compensation Expense		7,154		4,772		10,259		7,087
Operating income (loss)		49,039		39,919		44,462		4,859
Equity in earnings (loss) of equity-method investments		(2,475)		(30,151)		204		(32,755)
Interest income	[4]	1,448		715		2,405		1,448
Interest expense		(514)		(619)		(1,054)		(1,275)
Miscellaneous income (expense)		(4,080)	[5]	(5)		(4,080)	[5]	75
Income (loss) from operations before income taxes		43,418		9,859		41,937		(27,648)
Capital expenditures		7,399		31,348		59,681		38,334
Operating Segments [Member] | Madison Square Garden Entertainment [Member]
Segment Reporting Information [Line Items]
Revenues		183,834		194,125		260,860		259,360
Direct operating expenses (b)		110,477		118,810		167,478		171,458
Selling, general and administrative expenses (c)		25,314		18,350		43,122		32,795
AOCF		50,143		57,861		53,276		56,957
Depreciation and amortization		2,528		2,546		5,102		5,072
Share-based compensation Expense		2,100		896		3,016		1,850
Operating income (loss)		45,515		54,419		45,158		50,035
Capital expenditures		328		1,104		917		1,906
Operating Segments [Member] | Madison Square Garden Sports [Member]
Segment Reporting Information [Line Items]
Revenues		226,786		202,512		299,934		256,017
Direct operating expenses (b)		139,155		150,057		153,504		165,448
Selling, general and administrative expenses (c)		45,567		36,085		81,527		67,551
AOCF		44,505		17,395		68,918		25,182
Depreciation and amortization		2,769		2,769		5,629		15,735
Share-based compensation Expense		2,441		1,025		4,015		2,164
Operating income (loss)		39,295		13,601		59,274		7,283
Capital expenditures		1,562		2,010		3,329		3,082
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues		218		177		425		353
Direct operating expenses (b)		0		3		0		0
Selling, general and administrative expenses (c)	[6]	15,381		8,566	[7]	19,981		14,056	[7]
AOCF		(12,550)		(5,541)		(16,328)		(10,630)
Depreciation and amortization	[8]	20,608		19,709		40,414		38,756
Share-based compensation Expense		2,613		2,851		3,228		3,073
Operating income (loss)		(35,771)		(28,101)		(59,970)		(52,459)
Capital expenditures		$ 5,509		$ 28,234	[9]	$ 55,435	[9]	$ 33,346	[9]
[1]	Include revenues from related parties of $41,321 and $21,677, for the three months ended December 31, 2015 and 2014, respectively, and $74,880 and $42,379 for the six months ended December 31, 2015 and 2014, respectively.
[2]	Include net charges from (to) related parties of $1,036 and $828 for the three months ended December 31, 2015 and 2014, respectively, and $(35) and $503 for the six months ended December 31, 2015 and 2014, respectively.
[3]	Include net charges to related parties of $(562) and $(14,333) for the three months ended December 31, 2015 and 2014, respectively and $(30,134) and $(27,002) for the six months ended December 31, 2015 and 2014, respectively.
[4]	Includes interest income from MSG Networks of $284 for the three months ended December 31, 2014, and $307 and $568 of interest income from MSG Networks for the six months ended December 31, 2015 and 2014, respectively. In addition, interest income includes interest income from nonconsolidated affiliates of $671 and $426 for the three months ended December 31, 2015 and 2014, respectively, and $1,306 and $875 for the six months ended December 31, 2015 and 2014, respectively.
[5]	Miscellaneous expenses for the three and six months ended December 31, 2015 primarily include partial write-down of one of the Company’s cost-method investments (see Note 5)
[6]	Consists of unallocated corporate general and administrative costs.
[7]	The amounts for the three and six months ended December 31, 2014 include executive management transition costs.
[8]	Principally includes depreciation and amortization expense on The Garden, The Theater at Madison Square Garden, the Forum, and certain corporate property, equipment and leasehold improvement assets not allocated to the Company’s reportable segments.
[9]	Capital expenditures for the six months ended December 31, 2015 are primarily associated with the purchase of a new aircraft, as well as certain investments with respect to The Garden. Capital expenditures for the three and six months ended December 31, 2014 are primarily associated with certain investments with respect to The Garden and the Forum.

Uncategorized Items - msg-20151

Label	Element	Value
Retained Earnings [Member]
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ 43,488,000
MSG Networks [Member]
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ (1,603,000)