Madison Square Garden Sports (MSGS) 10-Q 4 Nov 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Oct. 31, 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	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		19,432,739
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	Sep. 30, 2016	Jun. 30, 2016
Current Assets:
Cash and cash equivalents	$ 1,294,081	$ 1,444,317
Restricted cash	14,746	27,091
Accounts receivable, net	88,328	75,998
Net related party receivables, current	6,035	4,079
Prepaid expenses	48,745	27,031
Other current assets	29,499	25,337
Total current assets	1,481,434	1,603,853
Net related party receivables, noncurrent	0	1,710
Investments and loans to nonconsolidated affiliates	265,462	263,546
Property and equipment, net of accumulated depreciation and amortization of $565,295 and $540,801 as of September 30, 2016 and June 30, 2016, respectively	1,142,513	1,160,609
Amortizable intangible assets, net	25,913	15,729
Indefinite-lived intangible assets	166,850	166,850
Goodwill	289,704	277,166
Other assets	87,795	54,487
Total assets	3,459,671	3,543,950
Current Liabilities:
Accounts payable	17,841	13,935
Net related party payables	3,936	15,275
Accrued liabilities:
Employee related costs	71,144	119,357
Other accrued liabilities	106,884	133,832
Deferred revenue	433,512	332,416
Total current liabilities	633,317	614,815
Defined benefit and other postretirement obligations	56,106	66,035
Other employee related costs	24,979	32,921
Deferred tax liabilities, net	194,775	194,583
Other liabilities	48,498	49,175
Total liabilities	957,675	957,529
Commitments and contingencies (see Note 7)
The Madison Square Garden Company Stockholders’ Equity:
Preferred stock, par value $0.01,15,000 shares authorized; none outstanding as of September 30, 2016 and June 30, 2016	0	0
Additional paid-in capital	2,800,545	2,806,352
Treasury stock, at cost, 1,015 and 671 shares as of September 30, 2016 and June 30, 2016, respectively	(166,928)	(101,882)
Accumulated deficit	(104,313)	(75,687)
Accumulated other comprehensive loss	(38,663)	(42,611)
Total The Madison Square Garden Company stockholders’ equity	2,490,890	2,586,421
Noncontrolling interests	11,106	0
Total equity	2,501,996	2,586,421
Total liabilities and equity	3,459,671	3,543,950
Class A Common Stock [Member]
The Madison Square Garden Company Stockholders’ Equity:
Common stock, value issued	204	204
Class B Common Stock [Member]
The Madison Square Garden Company Stockholders’ Equity:
Common stock, value issued	$ 45	$ 45

Consolidated and Combined Bala3

Consolidated and Combined Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 565,295	$ 540,801
Preferred stock, par value (dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares outstanding	0	0
Treasury Stock, Shares	1,015,000	671,000
Class A Common Stock [Member]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares outstanding	19,432,000	19,777,000
Class B Common Stock [Member]
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares outstanding	4,530,000	4,530,000

Consolidated and Combined State

Consolidated and Combined Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenues (a)	[1]	$ 181,695	$ 150,381
Operating expenses:
Direct operating expenses (b)	[2]	111,407	71,350
Selling, general and administrative expenses (c)	[3]	77,021	58,368
Depreciation and amortization		26,110	25,240
Operating loss		(32,843)	(4,577)
Other income (expense):
Earnings (loss) in equity method investments		(994)	2,679
Interest income (d)	[4]	2,399	957
Interest expense		(410)	(540)
Nonoperating income (expense)		995	3,096
Loss from operations before income taxes		(31,848)	(1,481)
Income tax benefit (expense)		2,934	(122)
Net loss		(28,914)	(1,603)
Less: Net loss attributable to noncontrolling interests		(288)	0
Net loss attributable to The Madison Square Garden Company’s stockholders		$ (28,626)	$ (1,603)
Basic loss per common share attributable to The Madison Square Garden Company’s stockholders		$ (1.19)	$ (0.06)
Diluted loss per common share attributable to The Madison Square Garden Company’s stockholders		$ (1.19)	$ (0.06)
Weighted-average number of common shares outstanding:
Basic		24,054	24,928
Diluted		24,054	24,928
[1]	Include revenues from related parties of $33,841 and $33,559 for the three months ended September 30, 2016 and 2015, respectively.
[2]	Include net charges from (to) related parties of $214 and $(1,071) for the three months ended September 30, 2016 and 2015, respectively.
[3]	Include net charges to related parties of $(1,588) and $(29,572) for the three months ended September 30, 2016 and 2015, respectively.
[4]	Includes interest income from MSG Networks of $307 for the three months ended September 30, 2015. In addition, interest income includes interest income from nonconsolidated affiliates of $865 and $635 for the three months ended September 30, 2016 and 2015, respectively.

Consolidated and Combined Stat5

Consolidated and Combined Statements Of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Revenues from related party	$ 33,841	$ 33,559
Direct operating expenses from (to) related party	214	(1,071)
Selling, General and Administrative Expenses from (to) related party	(1,588)	(29,572)
MSG Networks [Member]
Related Party Transaction [Line Items]
Interest income, related party		307
Other nonconsolidated affiliate [Member]
Related Party Transaction [Line Items]
Interest income, related party	$ 865	$ 635

Consolidated and Combined Stat6

Consolidated and Combined Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (28,914)	$ (1,603)
Pension plans and postretirement plan:
Net unamortized losses arising during the period		(602)
Amounts reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss included in net periodic benefit cost	344	299
Amortization of net prior service credit included in net periodic benefit cost	(12)	(17)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	332	(320)
Net changes related to available-for-sale securities	6,742	0
Other comprehensive income (loss), before income taxes	7,074	(320)
Income tax expense related to items of other comprehensive income	(3,126)	0
Other comprehensive income (loss)	3,948	(320)
Comprehensive loss	(24,966)	(1,923)
Less: Comprehensive loss attributable to noncontrolling interests	(288)	0
Comprehensive loss attributable to The Madison Square Garden Company’s stockholders	$ (24,678)	$ (1,923)

Consolidated and Combined Stat7

Consolidated and Combined Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net loss	$ (28,914)	$ (1,603)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	26,110	25,240
Benefit from deferred income taxes	(3,126)	0
Share-based compensation expense	8,355	3,105
Loss (earnings) in equity method investments	994	(2,679)
Provision for doubtful accounts	(206)	14
Change in assets and liabilities, net of acquisitions:
Accounts receivable, net	(12,226)	(6,381)
Net related party receivables	(1,006)	(37,537)
Prepaid expenses and other assets	(14,742)	(39,816)
Accounts payable	3,760	2,609
Net related party payables	(11,339)	(241)
Accrued and other liabilities	(90,255)	(55,940)
Deferred revenue	100,753	111,361
Deferred income taxes	192	122
Net cash used in operating activities	(21,650)	(1,746)
Cash flows from investing activities:
Capital expenditures, net of acquisitions	(8,342)	(52,282)
Payments for acquisition of assets	(1,000)	(2,000)
Payments to acquire available-for-sale securities	(23,099)	0
Payments for acquisition of a business, net of cash acquired	(13,468)	0
Investments and loans to nonconsolidated affiliates	(2,633)	(16,479)
Capital distribution from equity-method investments	0	148
Net cash used in investing activities	(48,542)	(70,613)
Cash flows from financing activities:
Net transfers from MSG Networks and MSG Networks’ subsidiaries		1,525,241
Repurchases of common stock	(72,277)
Taxes paid in lieu of shares issued for equity-based compensation	(6,207)
Payments for financing costs	(1,560)	0
Net cash provided by (used in) financing activities	(80,044)	1,525,241
Net increase (decrease) in cash and cash equivalents	(150,236)	1,452,882
Cash and cash equivalents at beginning of period	1,444,317	14,211
Cash and cash equivalents at end of period	1,294,081	1,467,093
Non-cash investing and financing activities:
Investments and loans to nonconsolidated affiliates	168	197
Capital expenditures incurred but not yet paid	$ 3,250	10,864
Non-cash transfers resulting from the Distribution, net		$ (2,500)

Consolidated and Combined Stat8

Consolidated and Combined Statements Of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock Issued [Member]	MSG Networks' Investment [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total The Madison Square Garden Company Stockholders' Equity [Member]	Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2015			$ 1,263,490				$ (40,215)	$ 1,223,275
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent	$ (1,603)		(1,603)					(1,603)
Net loss attributable to noncontrolling interests	0
Net loss including portion attributable to noncontrolling interests	(1,603)
Other Comprehensive Income (Loss), Net of Tax	(320)						(320)	(320)
Comprehensive income (loss) attributable to parent	(1,923)							(1,923)
Comprehensive loss attributable to noncontrolling interests	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(1,923)
Net increase in MSG Networks’ investment			1,525,982					1,525,982
Conversion of MSG Networks’ investment		$ 249	(2,787,869)	$ 2,787,620				0
Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution	5,896							5,896
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2015		249	$ 0	2,787,620			(34,639)	2,753,230
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2016	2,586,421	249		2,806,352	$ (101,882)	$ (75,687)	(42,611)	2,586,421
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent	(28,626)					(28,626)		(28,626)
Net loss attributable to noncontrolling interests	(288)								$ (288)
Net loss including portion attributable to noncontrolling interests	(28,914)
Other Comprehensive Income (Loss), Net of Tax	3,948						3,948	3,948
Comprehensive income (loss) attributable to parent	(24,678)							(24,678)
Comprehensive loss attributable to noncontrolling interests	(288)								(288)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(24,966)
Share-based compensation	8,409			8,409				8,409
Tax withholding associated with shares issued for equity-based compensation	(6,985)			(5,653)	(1,332)			(6,985)
Stock Issued Upon Distribution of Restricted Stock Unit Award	0			(8,563)	8,563			0
Repurchases of common stock	(72,277)				(72,277)			(72,277)
Noncontrolling Interests From Acquisition	11,394								11,394
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2016	$ 2,501,996	$ 249		$ 2,800,545	$ (166,928)	$ (104,313)	$ (38,663)	$ 2,490,890	$ 11,106

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Sep. 30, 2016
Description of Business And Basis of Presentation [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business The Madison Square Garden Company (together with its subsidiaries, the “Company” or “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 includes live entertainment events such as concerts, family shows, performing arts and special events, which are presented or hosted in the Company’s diverse collection of venues. MSG Entertainment also includes the Company's original productions — Christmas Spectacular Starring the Radio City Rockettes (“ Christmas Spectacular ”) and New York Spectacular Starring The Radio City Rockettes (“ New York Spectacular ”) — as well as Boston Calling Events, the live events production company that owns and operates the Boston Calling Music Festival. MSG Sports includes the Company’s 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 ”) and the Westchester Knicks of the NBA Development League (the “ NBADL ”). The MSG Sports segment is also home to a broad array of other live sporting events, including professional boxing, college basketball, professional bull riding, mixed martial arts, tennis and college wrestling, all of which the Company promotes, produces and/or presents. 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. The Company 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. See Note 1 to the consolidated and combined financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 for more information regarding the Distribution to its common stockholders. 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 for interim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 . 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. For the periods after the Distribution, the financial information disclosed is presented on a consolidated basis, as the Company became a standalone public company on September 30, 2015. For the periods prior to the Distribution, the financial information was 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. See Note 1 to the consolidated and combined financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 for more information regarding the basis of presentation for periods before and after the Distribution. The combined statement of operations for the three months ended September 30, 2015 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. 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	3 Months Ended
	Sep. 30, 2016
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, as well as in the valuation of contingent consideration and noncontrolling interests resulting from business combination transactions. 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 its Annual Report on Form 10-K for the year ended June 30, 2016 : Business Combinations The acquisition method of accounting for business combinations requires the management to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company is allowed to adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting, the Company recognizes separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, which is also measured at fair value if the consideration is non-cash, over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete a business combination such as investment banking, legal and other professional fees are not considered part of consideration and the Company charges these costs to selling, general and administrative expense as they are incurred. In addition, the Company recognizes measurement-period adjustments in the period in which the amount is determined, including the effect on earnings of any amounts the Company would have recorded in previous periods if the accounting had been completed at the acquisition date. On July 1, 2016, the Company acquired a controlling interest in Boston Calling Events, LLC (“ BCE ”). In accordance with Accounting Standards Codification (“ ASC ”) Topic 805, Business Combinations , and ASC Topic 810, Consolidation , the financial position of BCE has been consolidated to the Company’s consolidated balance sheet as of September 30, 2016. The results of operations for BCE have been included in the Company’s consolidated results of operations from the date of acquisition in the MSG Entertainment segment. The relevant amounts attributable to investors other than the Company are reflected under “Noncontrolling interests” and “Net loss attributable to noncontrolling interests” on the accompanying consolidated balance sheet and consolidated statement of operations, respectively. See Note 3 for more information regarding the Company’s acquisition of BCE. Revenue Recognition Deferred revenue reported in the accompanying consolidated balance sheets as of September 30, 2016 and June 30, 2016 includes amounts due to the third-party promoters of $40,965 and $45,877 , respectively. Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In February 2015, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ 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 (each a “VIE”) 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 was adopted by the Company in the first quarter of fiscal year 2017. The adoption of the standard did not have an impact on the Company’s 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 was adopted by the Company in the first quarter of fiscal year 2017 on a prospective basis for all arrangements entered into or materially modified after July 1, 2017. The adoption of the standard did not have an impact on the Company’s consolidated financial statements. 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. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606), Principal versus Agent Considerations (Reporting Revenue versus Net) , which clarifies the implementation guidance on principal versus agent considerations in the new revenue recognition standard under ASU No. 2014-09. ASU No. 2016-08 clarifies how an entity should identify the unit of accounting (i.e. the specified good or service) for the principal versus agent evaluation and how it should apply the control principle to certain types of arrangements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , which clarifies the principle in ASU No 2014-09 for determining whether a good or service is separately identifiable from other promises in the contract and, therefore, should be accounted for separately. ASU No 2016-10 also clarifies that entities are not required to identify promised goods or services that are immaterial in the context of the contract and allows entities to elect to account for shipping and handling activities as a fulfillment cost rather than as an additional promised service. In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients , which clarifies the following aspects in ASU 2014-09: collectability, presentation of sales taxes and other similar taxes collected from customers, noncash considerations, contract modifications at transition, completed contracts at transition, and technical correction. Early adoption of ASU No. 2014-09 and the related updates discussed above is permitted and the Company can early adopt ASU No. 2014-09 and the related updates beginning in the first quarter of fiscal year 2018. If the Company does not apply the early adoption provision, ASU No. 2014-09 and the related updates 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 the standard and updates 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. In February 2016, the FASB issued ASU No. 2016-02, Leases (Subtopic 842) (“ASU No. 2016-02”) , which supersedes existing guidance on accounting for leases in FASB ASC Topic 840, Leases . The new standard requires lessees to account for leases as either finance leases or operating leases and generally requires all leases to be recorded on the balance sheet, including those leases classified as operating leases under previous accounting guidance, through the recognition of right-of-use assets and corresponding lease liabilities. The new standard also requires extensive qualitative and quantitative disclosures about leasing activities. The accounting applied by a lessor is largely unchanged from that applied under previous accounting guidance. ASU No. 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date. The standard will be effective for the Company beginning in the first quarter of fiscal year 2020. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting . This standard eliminates the requirement for an investor to retrospectively apply the equity method when an investment that it had accounted for by another method qualifies for use of the equity method. This standard will be effective for the Company beginning in the first quarter of fiscal year 2018. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting . This standard requires the income tax effects of all awards to be recognized in the statement of operations when the awards vest or are settled. This standard also allows an employer to repurchase more of an employee’s shares for tax withholding purposes than currently allowable, without triggering liability accounting, and provides companies with the option to make a policy election to account for forfeitures as they occur. In addition, this standard requires companies to present excess tax benefits as operating activity rather than as financing activity on the statement of cash flows. This standard will be effective for the Company beginning in the first quarter of fiscal year 2018. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230). This standard addresses eight specific cash flow issues and is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . ASU No. 2016-16 requires entities to recognize income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not been issued or made available for issuance. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2016
Acquisitions [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions BCE Acquisition On July 1, 2016 , in connection with the Company’s strategy to broaden its live experience offerings, the Company acquired a controlling interest in BCE , the live events production company that owns and operates the Boston Calling Music Festival. The Company acquired net tangible assets of $2,221 . In addition, based on the purchase price allocation, the Company recognized $11,800 of amortizable intangible assets and $12,538 of goodwill. See Note 6 for more information regarding the intangible assets and goodwill recognized in this acquisition. The estimated fair value of the noncontrolling interest of $11,394 was based on the present value of future cash flows, adjusted for the lack of control and lack of marketability associated with the noncontrolling interests and was classified within Level III of the fair value hierarchy as they were valued using unobservable inputs. An additional escrow payment in the amount of $1,750 was made for potential future contingent consideration. The Company’s purchase price allocation for the BCE acquisition is preliminary and subject to revision as additional information related to the fair value of the identifiable net assets and noncontrolling interests becomes available. The amounts of revenue and earnings of BCE since the acquisition date included in the Company’s consolidated statement of operations for the reporting period were not material. Pro forma information is not provided since the acquisition was not material when compared with the Company’s consolidated financial statements. Investment in Townsquare Media, Inc. On August 16, 2016, the Company acquired 3,208 shares, or approximately 12% , of the common stock of Townsquare Media, Inc. (“ Townsquare ”) for approximately $23,099 in cash. Townsquare is a leading media, entertainment and digital marking solutions company that is listed on the New York Stock Exchange under the symbol “TSQ.” This investment is reported in the accompanying consolidated balance sheet as of September 30, 2016 in other assets, and is classified as available-for-sale securities in accordance with ASC Topic 320, Investments — Debt and Equity Securities . Investments in available-for-sale securities are carried at fair market value with the unrealized gains and losses, net of tax, included in the determination of comprehensive income (loss) and reported in stockholders’ equity. See Note 8 for more information on the fair value of the investment in Townsquare.

Team Personnel Transaction

Team Personnel Transaction	3 Months Ended
	Sep. 30, 2016
Team Personnel Transactions And Insurance Recoveries [Abstract]
Team Personnel Transactions and Insurance Recoveries	Team Personnel Transaction Direct operating expenses in the accompanying consolidated statement of operations include a provision for a transaction relating to a player trade and amounted to $5,010 for the three months ended September 30, 2016 .

Investments and Loans to Noncon

Investments and Loans to Nonconsolidated Affiliates	3 Months Ended
	Sep. 30, 2016
Equity Method Investments, Joint Ventures and Cost Method Investments [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	Investments and Loans to Nonconsolidated Affiliates The Company’s investments and loans to nonconsolidated affiliates which are accounted for under equity method and cost method of accounting in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures , and ASC Topic 325, Investments - Other , respectively, consisted of the following: Ownership Percentage Investment Loan Total September 30, 2016 Azoff MSG Entertainment LLC (“AMSGE”) (a) 50 % $ 109,294 $ 97,500 $ 206,794 Brooklyn Bowl Las Vegas, LLC (“BBLV”) (a) (b) — 2,662 (d) 2,662 Tribeca Enterprises LLC (“Tribeca Enterprises”) (a) 50 % 16,491 13,103 (e) 29,594 Fuse Media LLC (“Fuse Media”) (a) 15 % 20,809 — 20,809 Other (c) 3,925 1,678 5,603 Total investments and loans to nonconsolidated affiliates $ 150,519 $ 114,943 $ 265,462 June 30, 2016 AMSGE (a) 50 % $ 112,147 $ 97,500 $ 209,647 BBLV (a) (b) — 2,662 (d) 2,662 Tribeca Enterprises (a) 50 % 13,736 10,395 (e) 24,131 Fuse Media (a) 15 % 21,634 — 21,634 Other (c) 3,794 1,678 5,472 Total investments and loans to nonconsolidated affiliates $ 151,311 $ 112,235 $ 263,546 _________________ (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 September 30, 2016 and June 30, 2016 , plus a preferred return, after which the Company would own a 20% interest in BBLV. (c) Denotes that such investments are accounted for under the cost method of accounting. (d) Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of September 30, 2016 and June 30, 2016 . (e) Includes $95 of outstanding payments-in-kind (“ PIK ”) interest as of September 30, 2016 and June 30, 2016 . PIK interest owed does not reduce availability under the revolving credit facility.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangible Assets The carrying amounts of goodwill , by reportable segment, as of September 30, 2016 and June 30, 2016 are as follows: September 30, June 30, MSG Entertainment $ 71,517 $ 58,979 MSG Sports 218,187 218,187 $ 289,704 $ 277,166 During the first quarter of fiscal year 2017, the Company performed its annual impairment test of goodwill and determined that there were no impairments of goodwill identified for either of its reporting units . The increase in the carrying amount of goodwill , as compared to June 30, 2016 , in the MSG Entertainment segment was due to the preliminary purchase price allocation adjustment for the BCE acquisition during the first quarter of fiscal year 2017. The goodwill that arose from this acquisition was valued using unobservable inputs within Level III of the fair value hierarchy, primarily from utilizing the discounted cash flow model, which is an income-based approach that allocates to goodwill any acquisition costs not specifically assigned to intangibles, fixed assets or working capital. Goodwill recognized in this acquisition is expected to be deductible for tax purposes. See Note 3 for more information on the allocation of the purchase price and goodwill recognized. The Company’s indefinite-lived intangible assets as of September 30, 2016 and June 30, 2016 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 2017, 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: September 30, 2016 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (60,493 ) $ 12,631 Other intangibles 16,017 (2,735 ) 13,282 $ 89,141 $ (63,228 ) $ 25,913 June 30, 2016 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (59,178 ) $ 13,946 Other intangibles 4,217 (2,434 ) 1,783 $ 77,341 $ (61,612 ) $ 15,729 The increase in gross carrying amount of other intangibles, as compared to June 30, 2016 , was due to the preliminary purchase price allocation adjustment for the BCE acquisition during the first quarter of fiscal year 2017. Other amortizable intangible assets acquired from this acquisition include festival rights and a tradename with useful lives ranging from 5 to 15 years. Other amortizable intangible assets acquired were valued using unobservable inputs within Level III of the fair value hierarchy, primarily from utilizing the discounted cash flow models and relief-from-royalty approach. See Note 3 for more information on the allocation of the purchase price and intangible assets recognized. Amortization expense for intangible assets was $1,616 and $1,735 for the three months ended September 30, 2016 and 2015 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingencies Commitments As more fully described in Note 7 to the consolidated and combined financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 , 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 AMSGE 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	3 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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 equivalents, marketable securities and available-for-sale securities: Fair Value Hierarchy September 30, June 30, Assets: Commercial Paper I $ 54,981 $ 79,968 Money market accounts I 155,345 159,881 Time deposits I 1,078,843 1,202,681 Marketable securities I — 787 Available-for-sale securities I 29,964 — Total assets measured at fair value $ 1,319,133 $ 1,443,317 All assets listed above 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 amounts of the Company’s commercial paper, money market accounts and time deposits approximate fair value due to their short-term maturities. As of September 30, 2016 , the carrying value and fair value of the Company’s financial instruments in the accompanying consolidated balance sheet are as follows: September 30, 2016 June 30, 2016 Carrying Value Fair Value Carrying Fair Notes receivable, including interest accruals $ 7,100 $ 7,100 $ 7,090 $ 7,090 Marketable securities — — 787 787 Available-for-sale securities (a) 29,964 29,964 — — _________________ (a) Aggregate cost basis for available-for-sale securities, including transaction costs, was $23,222 as of September 30, 2016 . The unrealized gain recorded in accumulated other comprehensive income was $6,742 as of September 30, 2016 .

Credit Facilities

Credit Facilities	3 Months Ended
	Sep. 30, 2016
Credit Facilities [Abstract]
Debt Disclosure [Text Block]	Credit Facilities Knicks Revolving Credit Facility On September 30, 2016, New York Knicks, LLC (“ Knicks LLC ”), a wholly owned subsidiary of the Company, entered into a credit agreement (the “ Knicks Credit Agreement ”) with a syndicate of lenders providing for a senior secured revolving credit facility of up to $200,000 with a term of five years (the “ Knicks Revolving Credit Facility ”) to fund working capital needs and for general corporate purposes. The Knicks Revolving Credit Facility requires Knicks LLC to comply with a debt service ratio of 1.5:1.0 over a trailing four quarter period . As of September 30, 2016 , Knicks LLC was in compliance with this financial covenant. All borrowings under the Knicks Revolving Credit Facility are subject to the satisfaction of certain customary conditions, including covenant compliance, accuracy of representations and warranties, affirmative covenants and absence of a default. Borrowings bear interest at a floating rate, which at the option of Knicks LLC may be either (a) a base rate plus a margin ranging from 0.00% to 0.125% per annum or (b) LIBOR plus a margin ranging from 1.00% to 1.125% per annum. Knicks LLC is required to pay a commitment fee ranging from 0.20% to 0.25% per annum in respect of the average daily unused commitments under the Knicks Revolving Credit Facility . The Knicks Revolving Credit Facility was undrawn as of September 30, 2016 . All obligations under the Knicks Revolving Credit Facility are secured by a first lien security interest in certain of Knicks LLC’s assets, including, but not limited to, (a) the Knicks LLC’s membership rights in the NBA and (b) revenues to be paid to the Knicks LLC by the NBA pursuant to certain U.S. national broadcast agreements. Subject to customary notice and minimum amount conditions, Knicks LLC may voluntarily prepay outstanding loans under the Knicks Revolving Credit Facility at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurocurrency loans). Knicks LLC is required to make mandatory prepayments in certain circumstances, including without limitation if the maximum available amount under the Knicks Revolving Credit Facility is greater than 350% of qualified revenues. In addition to the financial covenant described above, the Knicks Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative covenants and events of default. The Knicks Revolving Credit Facility contains certain restrictions on the ability of Knicks LLC to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the Knicks Revolving Credit Facility , including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making restricted payments during the continuance of an event of default under the Knicks Revolving Credit Facility ; (iv) engaging in sale and leaseback transactions; (v) merging or consolidating; and (vi) taking certain actions that would invalidate the secured lenders’ liens on any Knicks LLC’s collateral. In connection with the entry into the Knicks Revolving Credit Facility , the Company incurred $1,875 for deferred financing costs, which are being amortized to interest expense over the five-year term of the Knicks Revolving Credit Facility . The amount of deferred financing costs of $375 and $1,500 were included in other current assets and other assets, respectively, in the accompanying consolidated balance sheet as of September 30, 2016 . Knicks Unsecured Credit Facility On September 30, 2016, Knicks LLC entered into an unsecured revolving credit facility with a lender for an initial maximum credit amount of $15,000 and a one -year term (the “ Knicks Unsecured Credit Facility ”). This facility was undrawn as of September 30, 2016 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Accumulated Other Comprehensive Income (Loss) The following table details the components of accumulated other comprehensive income (loss): Pension Plans and Postretirement Plan (a) Unrealized Gain on Available-for-sale Securities Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2016 $ (42,611 ) $ — $ (42,611 ) Other comprehensive income before reclassifications, before income taxes — 6,742 6,742 Amounts reclassified from accumulated other comprehensive loss, before income taxes 332 — 332 Income tax expense (100 ) (3,026 ) (3,126 ) Other comprehensive income 232 3,716 3,948 Balance as of September 30, 2016 $ (42,379 ) $ 3,716 $ (38,663 ) Balance as of June 30, 2015 $ (40,215 ) $ — $ (40,215 ) Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution 5,896 — 5,896 Other comprehensive loss before reclassifications, before income taxes (602 ) — (602 ) Amounts reclassified from accumulated other comprehensive loss, before income taxes 282 — 282 Other comprehensive loss (320 ) — (320 ) Balance as of September 30, 2015 $ (34,639 ) $ — $ (34,639 ) ________________ (a) Amounts reclassified from accumulated other comprehensive loss, before income taxes, represents amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected in direct operating expenses and selling, general and administrative expenses in the accompanying consolidated statements of operations (see Note 11 ).

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plan	3 Months Ended
	Sep. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Pension Plans And Other Postretirement Benefit Plan	Pension Plans and Other Postretirement Benefit Plan See Note 9 to the consolidated and combined financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 for more information regarding the Company’s defined benefits pension plans (“Pension Plans”)and postretirement benefit plan (“Postretirement Plan”) as well as the treatment of the Pension Plans and Postretirement Plan before and after the Distribution. 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 months ended September 30, 2016 and 2015 are as follows: Pension Plans Postretirement Plan Three Months Ended Three Months Ended September 30, September 30, 2016 2015 2016 2015 Service cost (a) $ 23 $ 1,512 $ 34 $ 50 Interest cost (a) 1,240 1,929 41 91 Expected return on plan assets (596 ) (740 ) — — Recognized actuarial loss 344 299 — — Amortization of unrecognized prior service cost (credit) — 14 (12 ) (31 ) Net periodic benefit cost (a) $ 1,011 $ 3,014 $ 63 $ 110 (a) Effective July 1, 2016, the Company changed the approach used to measure service and interest cost components of net periodic benefit costs for Pension Plans and Postretirement Plan. Previously, the Company measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plans’ obligations. Beginning fiscal year 2017, the Company elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows (“Spot Rate Approach”). The Company believes the Spot Rate Approach provides a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows and their corresponding spot rates on the yield curve. This change does not affect the measurement of plans’ obligations and it is accounted for as a change in accounting estimate, which is applied prospectively. This change in estimate did not result in a material reduction of the net periodic costs for Pension Plans and Postretirement Plan for the three months ended September 30, 2016 , had the Company not changed the approach. For the three months ended September 30, 2015 , the net periodic benefit cost for the Pension Plans reported in the table above includes $485 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 September 30, 2015 , the Company allocated to MSG Networks $229 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 September 30, 2015 , the net periodic benefit cost for the Postretirement Plan reported in the table above includes $18 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 September 30, 2015 , the Company allocated to MSG Networks $11 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 September 30, 2016 and 2015 , expenses related to the Savings Plans , excluding expenses related to MSG Networks’ employees, included in the accompanying combined statements of operations were $1,118 and $832 , respectively. The amount for the three months ended September 30, 2015 includes $89 of expenses related to the Company’s corporate employees which were allocated to MSG Networks. 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 September 30, 2016 and 2015 , expenses related to the Union Savings Plan included in the accompanying combined statements of operations were $22 and $18 , respectively.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation See Note 10 to the consolidated and combined financial statements included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016 for more information regarding the Company’s 2015 Employee Stock Plan (the “ Employee Stock Plan ”) and its 2015 Stock Plan for Non-Employee Directors, as well as the treatment after the Distribution of share-based payment awards initially granted under MSG Networks’ equity award programs. For the three months ended September 30, 2016 and 2015 , 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 $8,355 and $3,105 , respectively. Restricted Stock Units Award Activity The following table summarizes activity related to holders (including the Company and MSG Networks’ employees) of the Company’s restricted stock units and performance restricted stock units, collectively referred to as “ RSUs ,” for the three months ended September 30, 2016 : Number of Weighted-Average Fair Value Per Share At Date of Grant Nonperformance Based Vesting RSUs Performance Based Vesting Unvested award balance, June 30, 2016 172 313 $ 167.51 Granted 67 181 $ 170.50 Vested (55 ) (24 ) $ 140.46 Forfeited (5 ) — $ 156.16 Unvested award balance, September 30, 2016 179 470 $ 172.03 The fair value of RSUs that vested during the three months ended September 30, 2016 was $13,642 . Upon vesting, RSUs granted under the Employee Stock Plan were net share-settled to cover the required statutory tax withholding obligations. To fulfill the employees’ statutory minimum tax withholding obligations for the applicable income and other employment taxes, 33 of these RSUs , with an aggregate value of $5,653 were retained by the Company and reflected as financing activity in the accompanying consolidated statement of cash flows for the three months ended September 30, 2016 .

Stock Repurchase Program

Stock Repurchase Program	3 Months Ended
	Sep. 30, 2016
Stock Repurchase Program [Abstract]
Treasury Stock [Text Block]	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. During the three months ended September 30, 2016 , the Company has repurchased 406 shares for a total cost of $72,277 , including commissions and fees. These acquired shares have been classified as treasury stock in the accompanying consolidated balance sheet as of September 30, 2016 . As of September 30, 2016 , the Company had $347,009 of availability remaining under its stock repurchase authorization.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of September 30, 2016 , 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 2.8% 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 70.8% 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 and AMC Networks Inc. (“ AMC Networks ”). Prior to June 21, 2016, members of the Dolan Family were also the controlling stockholders of Cablevision Systems Corporation (“ Cablevision ”). 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 a transition services agreement (“ TSA ”). Additionally, the Company has various agreements with Cablevision . These agreements include arrangements with respect to a number of ongoing commercial relationships. On June 21, 2016, Cablevision was acquired by a subsidiary of Altice N.V. and a change in control occurred, which resulted in members of the Dolan Family no longer being controlling stockholders of the surviving company, Altice USA. Accordingly, Altice USA is not a related party of the Company, and thus the related party transactions disclosed herein that relate to Cablevision were recognized prior to June 21, 2016. On June 16, 2016, the Company entered into an arrangement with the Dolan Family Office, LLC (“ DFO ”), AMC Networks and MSG Networks providing for the sharing of certain expenses associated with executive office space which will be available to James L. Dolan (the Executive Chairman and a director of the Company and MSG Networks and a director of AMC Networks), Charles F. Dolan (the Executive Chairman and a director of AMC Networks and a director of the Company and MSG Networks), and the DFO which is controlled by Charles F. Dolan. Beginning in June 2016, the Company agreed to share certain executive support costs, including office space, executive assistants, security and transportation costs, for (i) the Company’s Executive Chairman with MSG Networks and (ii) the Company’s Vice Chairman with MSG Networks and AMC Networks. The Company also has certain arrangements with its nonconsolidated affiliates. See Note 5 for information on outstanding loans provided by the Company to its nonconsolidated affiliates. Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s affiliates, primarily MSG Networks. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for the three months ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 2015 Revenues $ 33,841 $ 33,559 Operating expenses (credits): Corporate general and administrative, net - MSG Networks $ (2,489 ) $ (31,591 ) Corporate general and administrative, net - Cablevision — 320 Consulting fees 977 68 Advertising 120 168 Telephone and other fiber optic transmission services — 385 Other, net 18 7 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 For the three months ended September 30, 2016 , Corporate general and administrative expense, net - MSG Networks amount reflects charges from the Company to MSG Networks under the TSA of $2,048 , net of general and administrative costs charged to the Company by MSG Networks. For the three months ended September 30, 2015 , 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 . Consulting Fees The Company pays AMSGE and its nonconsolidated affiliates for advisory and consulting services that AMSGE and its nonconsolidated affiliates provide to the Company, and for the reimbursement of certain expenses in connection with such services. Advertising Expenses The Company incurs advertising expenses for services rendered by its related parties, primarily MSG Networks and Cablevision, most of which related to the utilization of advertising and promotional benefits by the Company. Telephone and Other Fiber Optic Transmission Services Amounts represent charges to the Company by Cablevision for telephone and other fiber optic transmission services. Other Operating Expenses, net 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 and the cost of certain technology services.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax (benefit) expense for the three months ended September 30, 2016 and 2015 was $(2,934) and $122 , respectively. The effective tax rate for the three months ended September 30, 2016 and 2015 was 9.2% and (8.2)% , respectively. The Company’s effective tax rate for the three months ended September 30, 2016 is different when compared to the statutory federal rate of 35% as a result of $11,201 of recorded Federal and state valuation allowances which offset the benefit of most of the operating losses. Such increase in the valuation allowances reflects a reduction of $3,126 as the mark-to-market gains on available-for-sale securities in other comprehensive income allowed for the recognition of benefit on a portion of such operating losses. The income tax benefit also reflects expense of $138 primarily related to non-deductible expenses. The Company’s effective tax rate for the three months ended September 30, 2015 is different when compared to the statutory federal rate of 35% as a result of Federal and state valuation allowances recorded against operating losses. The income tax expenses of $122 is primarily related to non-deductible expenses. The Company has not recorded any unrecognized tax benefits for uncertain tax positions as of September 30, 2016 . 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	3 Months Ended
	Sep. 30, 2016
Segment Information [Abstract]
Segment Reporting Disclosure [Text Block]	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 .” During the first quarter of fiscal year 2017, the Company refined its approach to allocating corporate, venue operating and other shared expenses . Management analyzed the specific support provided by individual corporate and venue personnel using a detailed efforts-based analysis. The Company considered this approach to better refine segment profitability for users of the financial information and, therefore, made this change in the first quarter of fiscal year 2017. Prior period results are reflected as originally reported and have not been restated. Had the revised approach been used in fiscal year 2016, operating income (loss) reported in MSG Sports and MSG Entertainment during the first quarter of fiscal year 2016 would have improved by approximately $1,928 and $536 , respectively. This improvement would have been offset by an increase of $2,464 in the operating loss of All other . The adjusted operating income reported in MSG Sports and MSG Entertainment during the first quarter of fiscal year 2016 would have improved by approximately $1,637 and $935 , respectively. This improvement would have been offset by an increase of $2,572 in the adjusted operating loss of 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 income (loss) , a non-GAAP measure. The Company believes adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of its business segments and the Company on a consolidated basis. Adjusted operating income (loss) 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 adjusted operating income (loss) measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. Adjusted operating income (loss) 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 adjusted operating income (loss) to operating income (loss), the most directly comparable GAAP financial measure. Three Months Ended September 30, 2016 MSG Entertainment MSG Sports All Other Total Revenues $ 110,698 $ 70,997 $ — $ 181,695 Direct operating expenses 91,858 19,549 — 111,407 Selling, general and administrative expenses 23,440 39,513 14,068 (a) 77,021 Add back: share-based compensation expense 3,539 3,484 1,332 8,355 Adjusted operating income (loss) (b) (1,061 ) 15,419 (12,736 ) 1,622 Depreciation and amortization 2,686 2,618 20,806 (c) 26,110 Share-based compensation expense 3,539 3,484 1,332 8,355 Operating income (loss) $ (7,286 ) $ 9,317 $ (34,874 ) $ (32,843 ) Loss in equity-method investments (994 ) Interest income 2,399 Interest expense (410 ) Loss from operations before income taxes $ (31,848 ) Other information: Capital expenditures $ 1,360 $ 1,664 $ 5,318 $ 8,342 Three Months Ended September 30, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 77,026 $ 73,148 $ 207 $ 150,381 Direct operating expenses 57,001 14,349 — 71,350 Selling, general and administrative expenses 17,808 35,960 4,600 (a) 58,368 Add back: share-based compensation expense 916 1,574 615 3,105 Adjusted operating income (loss) (b) 3,133 24,413 (3,778 ) 23,768 Depreciation and amortization 2,574 2,860 19,806 (c) 25,240 Share-based compensation expense 916 1,574 615 3,105 Operating income (loss) $ (357 ) $ 19,979 $ (24,199 ) $ (4,577 ) Earnings in equity-method investments 2,679 Interest income 957 Interest expense (540 ) Loss from operations before income taxes $ (1,481 ) Other information: Capital expenditures $ 589 $ 1,767 $ 49,926 (d) $ 52,282 _________________ (a) C onsists of unallocated corporate general and administrative costs. (b) In the first quarter of fiscal 2017, the Company has renamed its non-GAAP performance measure to adjusted operating income (loss) - formerly known as adjusted operating cash flow. There has been no change to the definition. (c) 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. (d) Capital expenditures for the three months ended September 30, 2015 are primarily associated with the purchase of an aircraft, as well as certain investments with respect to The Garden. 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)	3 Months Ended
	Sep. 30, 2016
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, as well as in the valuation of contingent consideration and noncontrolling interests resulting from business combination transactions. 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.
Business Combinations	Business Combinations The acquisition method of accounting for business combinations requires the management to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company is allowed to adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting, the Company recognizes separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, which is also measured at fair value if the consideration is non-cash, over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete a business combination such as investment banking, legal and other professional fees are not considered part of consideration and the Company charges these costs to selling, general and administrative expense as they are incurred. In addition, the Company recognizes measurement-period adjustments in the period in which the amount is determined, including the effect on earnings of any amounts the Company would have recorded in previous periods if the accounting had been completed at the acquisition date. On July 1, 2016, the Company acquired a controlling interest in Boston Calling Events, LLC (“ BCE ”). In accordance with Accounting Standards Codification (“ ASC ”) Topic 805, Business Combinations , and ASC Topic 810, Consolidation , the financial position of BCE has been consolidated to the Company’s consolidated balance sheet as of September 30, 2016. The results of operations for BCE have been included in the Company’s consolidated results of operations from the date of acquisition in the MSG Entertainment segment. The relevant amounts attributable to investors other than the Company are reflected under “Noncontrolling interests” and “Net loss attributable to noncontrolling interests” on the accompanying consolidated balance sheet and consolidated statement of operations, respectively. See Note 3 for more information regarding the Company’s acquisition of BCE.
Revenue Recognition	Revenue Recognition Deferred revenue reported in the accompanying consolidated balance sheets as of September 30, 2016 and June 30, 2016 includes amounts due to the third-party promoters of $40,965 and $45,877 , respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In February 2015, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standards Update (“ 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 (each a “VIE”) 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 was adopted by the Company in the first quarter of fiscal year 2017. The adoption of the standard did not have an impact on the Company’s 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 was adopted by the Company in the first quarter of fiscal year 2017 on a prospective basis for all arrangements entered into or materially modified after July 1, 2017. The adoption of the standard did not have an impact on the Company’s consolidated financial statements. 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. In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606), Principal versus Agent Considerations (Reporting Revenue versus Net) , which clarifies the implementation guidance on principal versus agent considerations in the new revenue recognition standard under ASU No. 2014-09. ASU No. 2016-08 clarifies how an entity should identify the unit of accounting (i.e. the specified good or service) for the principal versus agent evaluation and how it should apply the control principle to certain types of arrangements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , which clarifies the principle in ASU No 2014-09 for determining whether a good or service is separately identifiable from other promises in the contract and, therefore, should be accounted for separately. ASU No 2016-10 also clarifies that entities are not required to identify promised goods or services that are immaterial in the context of the contract and allows entities to elect to account for shipping and handling activities as a fulfillment cost rather than as an additional promised service. In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients , which clarifies the following aspects in ASU 2014-09: collectability, presentation of sales taxes and other similar taxes collected from customers, noncash considerations, contract modifications at transition, completed contracts at transition, and technical correction. Early adoption of ASU No. 2014-09 and the related updates discussed above is permitted and the Company can early adopt ASU No. 2014-09 and the related updates beginning in the first quarter of fiscal year 2018. If the Company does not apply the early adoption provision, ASU No. 2014-09 and the related updates 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 the standard and updates 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. In February 2016, the FASB issued ASU No. 2016-02, Leases (Subtopic 842) (“ASU No. 2016-02”) , which supersedes existing guidance on accounting for leases in FASB ASC Topic 840, Leases . The new standard requires lessees to account for leases as either finance leases or operating leases and generally requires all leases to be recorded on the balance sheet, including those leases classified as operating leases under previous accounting guidance, through the recognition of right-of-use assets and corresponding lease liabilities. The new standard also requires extensive qualitative and quantitative disclosures about leasing activities. The accounting applied by a lessor is largely unchanged from that applied under previous accounting guidance. ASU No. 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date. The standard will be effective for the Company beginning in the first quarter of fiscal year 2020. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting . This standard eliminates the requirement for an investor to retrospectively apply the equity method when an investment that it had accounted for by another method qualifies for use of the equity method. This standard will be effective for the Company beginning in the first quarter of fiscal year 2018. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting . This standard requires the income tax effects of all awards to be recognized in the statement of operations when the awards vest or are settled. This standard also allows an employer to repurchase more of an employee’s shares for tax withholding purposes than currently allowable, without triggering liability accounting, and provides companies with the option to make a policy election to account for forfeitures as they occur. In addition, this standard requires companies to present excess tax benefits as operating activity rather than as financing activity on the statement of cash flows. This standard will be effective for the Company beginning in the first quarter of fiscal year 2018. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230). This standard addresses eight specific cash flow issues and is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . ASU No. 2016-16 requires entities to recognize income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. This standard will be effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not been issued or made available for issuance. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

Investments and Loans to Nonc26

Investments and Loans to Nonconsolidated Affiliates (Tables)	3 Months Ended
	Sep. 30, 2016
Equity Method Investments, Joint Ventures and Cost Method Investments [Abstract]
Cost and Equity Method Investments [Table Text Block]	The Company’s investments and loans to nonconsolidated affiliates which are accounted for under equity method and cost method of accounting in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures , and ASC Topic 325, Investments - Other , respectively, consisted of the following: Ownership Percentage Investment Loan Total September 30, 2016 Azoff MSG Entertainment LLC (“AMSGE”) (a) 50 % $ 109,294 $ 97,500 $ 206,794 Brooklyn Bowl Las Vegas, LLC (“BBLV”) (a) (b) — 2,662 (d) 2,662 Tribeca Enterprises LLC (“Tribeca Enterprises”) (a) 50 % 16,491 13,103 (e) 29,594 Fuse Media LLC (“Fuse Media”) (a) 15 % 20,809 — 20,809 Other (c) 3,925 1,678 5,603 Total investments and loans to nonconsolidated affiliates $ 150,519 $ 114,943 $ 265,462 June 30, 2016 AMSGE (a) 50 % $ 112,147 $ 97,500 $ 209,647 BBLV (a) (b) — 2,662 (d) 2,662 Tribeca Enterprises (a) 50 % 13,736 10,395 (e) 24,131 Fuse Media (a) 15 % 21,634 — 21,634 Other (c) 3,794 1,678 5,472 Total investments and loans to nonconsolidated affiliates $ 151,311 $ 112,235 $ 263,546 _________________ (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 September 30, 2016 and June 30, 2016 , plus a preferred return, after which the Company would own a 20% interest in BBLV. (c) Denotes that such investments are accounted for under the cost method of accounting. (d) Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of September 30, 2016 and June 30, 2016 . (e) Includes $95 of outstanding payments-in-kind (“ PIK ”) interest as of September 30, 2016 and June 30, 2016 . PIK interest owed does not reduce availability under the revolving credit facility.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Segment	The carrying amounts of goodwill , by reportable segment, as of September 30, 2016 and June 30, 2016 are as follows: September 30, June 30, MSG Entertainment $ 71,517 $ 58,979 MSG Sports 218,187 218,187 $ 289,704 $ 277,166
Schedule of Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of September 30, 2016 and June 30, 2016 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: September 30, 2016 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (60,493 ) $ 12,631 Other intangibles 16,017 (2,735 ) 13,282 $ 89,141 $ (63,228 ) $ 25,913 June 30, 2016 Gross Accumulated Amortization Net Season ticket holder relationships $ 73,124 $ (59,178 ) $ 13,946 Other intangibles 4,217 (2,434 ) 1,783 $ 77,341 $ (61,612 ) $ 15,729

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2016
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 equivalents, marketable securities and available-for-sale securities: Fair Value Hierarchy September 30, June 30, Assets: Commercial Paper I $ 54,981 $ 79,968 Money market accounts I 155,345 159,881 Time deposits I 1,078,843 1,202,681 Marketable securities I — 787 Available-for-sale securities I 29,964 — Total assets measured at fair value $ 1,319,133 $ 1,443,317
Schedule Of Financial Instruments [Table Text Block]	As of September 30, 2016 , the carrying value and fair value of the Company’s financial instruments in the accompanying consolidated balance sheet are as follows: September 30, 2016 June 30, 2016 Carrying Value Fair Value Carrying Fair Notes receivable, including interest accruals $ 7,100 $ 7,100 $ 7,090 $ 7,090 Marketable securities — — 787 787 Available-for-sale securities (a) 29,964 29,964 — — _________________ (a) Aggregate cost basis for available-for-sale securities, including transaction costs, was $23,222 as of September 30, 2016 . The unrealized gain recorded in accumulated other comprehensive income was $6,742 as of September 30, 2016 .

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table details the components of accumulated other comprehensive income (loss): Pension Plans and Postretirement Plan (a) Unrealized Gain on Available-for-sale Securities Accumulated Other Comprehensive Income (Loss) Balance as of June 30, 2016 $ (42,611 ) $ — $ (42,611 ) Other comprehensive income before reclassifications, before income taxes — 6,742 6,742 Amounts reclassified from accumulated other comprehensive loss, before income taxes 332 — 332 Income tax expense (100 ) (3,026 ) (3,126 ) Other comprehensive income 232 3,716 3,948 Balance as of September 30, 2016 $ (42,379 ) $ 3,716 $ (38,663 ) Balance as of June 30, 2015 $ (40,215 ) $ — $ (40,215 ) Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution 5,896 — 5,896 Other comprehensive loss before reclassifications, before income taxes (602 ) — (602 ) Amounts reclassified from accumulated other comprehensive loss, before income taxes 282 — 282 Other comprehensive loss (320 ) — (320 ) Balance as of September 30, 2015 $ (34,639 ) $ — $ (34,639 ) ________________ (a) Amounts reclassified from accumulated other comprehensive loss, before income taxes, represents amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected in direct operating expenses and selling, general and administrative expenses in the accompanying consolidated statements of operations (see Note 11 ).

Pension Plans and Other Postr30

Pension Plans and Other Postretirement Benefit Plan (Tables)	3 Months Ended
	Sep. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [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 months ended September 30, 2016 and 2015 are as follows: Pension Plans Postretirement Plan Three Months Ended Three Months Ended September 30, September 30, 2016 2015 2016 2015 Service cost (a) $ 23 $ 1,512 $ 34 $ 50 Interest cost (a) 1,240 1,929 41 91 Expected return on plan assets (596 ) (740 ) — — Recognized actuarial loss 344 299 — — Amortization of unrecognized prior service cost (credit) — 14 (12 ) (31 ) Net periodic benefit cost (a) $ 1,011 $ 3,014 $ 63 $ 110

Share-Based Compensation Schedu

Share-Based Compensation Schedule of Share-based Compensation (Tables)	3 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	The following table summarizes activity related to holders (including the Company and MSG Networks’ employees) of the Company’s restricted stock units and performance restricted stock units, collectively referred to as “ RSUs ,” for the three months ended September 30, 2016 : Number of Weighted-Average Fair Value Per Share At Date of Grant Nonperformance Based Vesting RSUs Performance Based Vesting Unvested award balance, June 30, 2016 172 313 $ 167.51 Granted 67 181 $ 170.50 Vested (55 ) (24 ) $ 140.46 Forfeited (5 ) — $ 156.16 Unvested award balance, September 30, 2016 179 470 $ 172.03

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Sep. 30, 2016
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 MSG Networks. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for the three months ended September 30, 2016 and 2015 : Three Months Ended September 30, 2016 2015 Revenues $ 33,841 $ 33,559 Operating expenses (credits): Corporate general and administrative, net - MSG Networks $ (2,489 ) $ (31,591 ) Corporate general and administrative, net - Cablevision — 320 Consulting fees 977 68 Advertising 120 168 Telephone and other fiber optic transmission services — 385 Other, net 18 7

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2016
Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2016 MSG Entertainment MSG Sports All Other Total Revenues $ 110,698 $ 70,997 $ — $ 181,695 Direct operating expenses 91,858 19,549 — 111,407 Selling, general and administrative expenses 23,440 39,513 14,068 (a) 77,021 Add back: share-based compensation expense 3,539 3,484 1,332 8,355 Adjusted operating income (loss) (b) (1,061 ) 15,419 (12,736 ) 1,622 Depreciation and amortization 2,686 2,618 20,806 (c) 26,110 Share-based compensation expense 3,539 3,484 1,332 8,355 Operating income (loss) $ (7,286 ) $ 9,317 $ (34,874 ) $ (32,843 ) Loss in equity-method investments (994 ) Interest income 2,399 Interest expense (410 ) Loss from operations before income taxes $ (31,848 ) Other information: Capital expenditures $ 1,360 $ 1,664 $ 5,318 $ 8,342 Three Months Ended September 30, 2015 MSG Entertainment MSG Sports All Other Total Revenues $ 77,026 $ 73,148 $ 207 $ 150,381 Direct operating expenses 57,001 14,349 — 71,350 Selling, general and administrative expenses 17,808 35,960 4,600 (a) 58,368 Add back: share-based compensation expense 916 1,574 615 3,105 Adjusted operating income (loss) (b) 3,133 24,413 (3,778 ) 23,768 Depreciation and amortization 2,574 2,860 19,806 (c) 25,240 Share-based compensation expense 916 1,574 615 3,105 Operating income (loss) $ (357 ) $ 19,979 $ (24,199 ) $ (4,577 ) Earnings in equity-method investments 2,679 Interest income 957 Interest expense (540 ) Loss from operations before income taxes $ (1,481 ) Other information: Capital expenditures $ 589 $ 1,767 $ 49,926 (d) $ 52,282 _________________ (a) C onsists of unallocated corporate general and administrative costs. (b) In the first quarter of fiscal 2017, the Company has renamed its non-GAAP performance measure to adjusted operating income (loss) - formerly known as adjusted operating cash flow. There has been no change to the definition. (c) 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. (d) Capital expenditures for the three months ended September 30, 2015 are primarily associated with the purchase of an aircraft, as well as certain investments with respect to The Garden.

Description of Business and B34

Description of Business and Basis of Presentation (Details) - segments	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Number of reportable segments	2
Percentage of ownership of business distributed to stockholders in Spin Off		100.00%

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Accounting Policies [Abstract]
Due To Third Party Promoters	$ 40,965	$ 45,877

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jul. 01, 2016	Sep. 30, 2016	Jun. 30, 2016
Business Acquisition [Line Items]
Business Combination, Goodwill Recognized		$ 289,704	$ 277,166
BCE [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 2,221
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	11,800
Business Combination, Goodwill Recognized	12,538
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	11,394
Acquisition Payments Deposited To Escrow Account	$ 1,750

Acquisitions (Available For Sal

Acquisitions (Available For Sale Securities) (Details) - Townsquare [Member] shares in Thousands, $ in Thousands	Aug. 16, 2016USD ($)shares
Schedule of Available-for-sale Securities [Line Items]
Investment Owned, Balance, Shares | shares	3,208
Percentage Of Ownership Acquired	12.00%
Available-for-sale Securities, Initial Payment | $	$ 23,099

Team Personnel Transaction (Det

Team Personnel Transaction (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)
Team Personnel Transactions And Insurance Recoveries [Abstract]
Provisions for Team Personnel Transactions net of insurance recoveries	$ 5,010

Investments and Loans to Nonc39

Investments and Loans to Nonconsolidated Affiliates (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Jun. 30, 2016
Schedule of Investments [Line Items]
Investments		$ 150,519	$ 151,311
Advances to Affiliates		114,943	112,235
Investments and loans to nonconsolidated affiliates		265,462	263,546
Advances to Affiliates, Interest Receivable		$ 62	$ 62
Azoff MSG Entertainment LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		50.00%	50.00%
Investments	[1]	$ 109,294	$ 112,147
Advances to Affiliates		97,500	97,500
Investments and loans to nonconsolidated affiliates		$ 206,794	$ 209,647
Brooklyn Bowl Las Vegas LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		74.00%	74.00%
Investments	[1],[2]	$ 0	$ 0
Advances to Affiliates	[3]	2,662	2,662
Investments and loans to nonconsolidated affiliates		$ 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%
Investments	[1]	$ 16,491	$ 13,736
Advances to Affiliates	[4]	13,103	10,395
Investments and loans to nonconsolidated affiliates		$ 29,594	$ 24,131
Fuse Media, LLC [Member]
Schedule of Investments [Line Items]
Equity Method Investment, Ownership Percentage		15.00%	15.00%
Investments	[1]	$ 20,809	$ 21,634
Investments and loans to nonconsolidated affiliates		20,809	21,634
Other Cost Method Investments [Member]
Schedule of Investments [Line Items]
Investments	[5]	3,925	3,794
Advances to Affiliates		1,678	1,678
Investments and loans to nonconsolidated affiliates		5,603	5,472
Payment in Kind (PIK) Note [Member] | Tribeca Enterprises, LLC [Member]
Schedule of Investments [Line Items]
Advances to Affiliates		$ 95	$ 95
[1]	Denotes that such investment is accounted for under the equity method of accounting.
[2]	The Company is entitled to receive back its capital, which was 74% of BBLV's total capital as of September 30, 2016 and June 30, 2016, plus a preferred return, after which the Company would own a 20% interest in BBLV.
[3]	Represents outstanding loan balance, inclusive of amounts due to the Company for interest of $62 as of September 30, 2016 and June 30, 2016.
[4]	Includes $95 of outstanding payments-in-kind (“PIK”) interest as of September 30, 2016 and June 30, 2016. PIK interest owed does not reduce availability under the revolving credit facility.
[5]	Denotes that such investments are accounted for under the cost method of accounting.

Goodwill and Intangible Asset40

Goodwill and Intangible Assets (Carrying Amount of Goodwill By Reportable Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Goodwill [Line Items]
Goodwill	$ 289,704	$ 277,166
Impairment of goodwill	0
Madison Square Garden Entertainment [Member]
Goodwill [Line Items]
Goodwill	71,517	58,979
Madison Square Garden Sports [Member]
Goodwill [Line Items]
Goodwill	$ 218,187	$ 218,187

Goodwill and Intangible Asset41

Goodwill and Intangible Assets (Schedule of Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
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 Asset42

Goodwill and Intangible Assets (Schedule of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross	$ 89,141		$ 77,341
Accumulated Amortization	(63,228)		(61,612)
Net	25,913		15,729
Finite-Lived Intangible Assets, Amortization Expense	1,616	$ 1,735
Season Ticket Holder Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	73,124		73,124
Accumulated Amortization	(60,493)		(59,178)
Net	12,631		13,946
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross	16,017		4,217
Accumulated Amortization	(2,735)		(2,434)
Net	$ 13,282		$ 1,783
Minimum [Member] | BCE [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Maximum [Member] | BCE [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Fair Value, Assets Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 1,319,133	$ 1,443,317
Commercial Paper [Member] | Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	54,981	79,968
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	155,345	159,881
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	1,078,843	1,202,681
Marketable Securities [Member] | Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	787
Available-for-sale Securities [Member] | Level I [Member]
Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 29,964	$ 0

Fair Value Measurements Schedul

Fair Value Measurements Schedule of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016		Jun. 30, 2016
Schedule Of Financial Instruments [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 23,222
Available-for-sale Securities, Gross Unrealized Gain	6,742
Notes Receivable [Member]
Schedule Of Financial Instruments [Line Items]
Carrying Value Of Financial Instrument Assets	7,100		$ 7,090
Fair Value Of Financial Instrument Assets	7,100		7,090
Marketable Securities [Member]
Schedule Of Financial Instruments [Line Items]
Carrying Value Of Financial Instrument Assets	0		787
Fair Value Of Financial Instrument Assets	0		787
Available-for-sale Securities [Member]
Schedule Of Financial Instruments [Line Items]
Carrying Value Of Financial Instrument Assets	29,964	[1]	0
Fair Value Of Financial Instrument Assets	$ 29,964	[1]	$ 0
[1]	Aggregate cost basis for available-for-sale securities, including transaction costs, was $23,222 as of September 30, 2016. The unrealized gain recorded in accumulated other comprehensive income was $6,742 as of September 30, 2016.

Credit Facilities (Details)

Credit Facilities (Details) - Knicks [Member] - Revolving Credit Facility [Member] $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)
Collateral Pledged [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000
Debt Instrument, Term	5 years
Debt Instrument, Restrictive Covenants	a debt service ratio of 1.5:1.0 over a trailing four quarter period
Debt Instrument, Interest Rate Terms	Borrowings bear interest at a floating rate, which at the option of Knicks LLC may be either (a) a base rate plus a margin ranging from 0.00% to 0.125% per annum or (b) LIBOR plus a margin ranging from 1.00% to 1.125% per annum.
Debt Instrument, Collateral	All obligations under the Knicks Revolving Credit Facility are secured by a first lien security interest in certain of Knicks LLC’s assets, including, but not limited to, (a) the Knicks LLC’s membership rights in the NBA and (b) revenues to be paid to the Knicks LLC by the NBA pursuant to certain U.S. national broadcast agreements.
Debt Instrument, Payment Terms	Knicks LLC is required to make mandatory prepayments in certain circumstances, including without limitation if the maximum available amount under the Knicks Revolving Credit Facility is greater than 350% of qualified revenues.
Debt Issuance Costs, Net	$ 1,875
Collateral Pledged [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.20%
Collateral Pledged [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.25%
Collateral Pledged [Member] | Other Current Assets [Member]
Line of Credit Facility [Line Items]
Debt Issuance Costs, Net	$ 375
Collateral Pledged [Member] | Other Noncurrent Assets [Member]
Line of Credit Facility [Line Items]
Debt Issuance Costs, Net	1,500
Uncollateralized [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000
Debt Instrument, Term	1 year

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Pension and Postretirement, Beginning Balance		$ (42,611)	$ (40,215)
Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution			5,896
Net unamortized losses arising during the period			(602)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	[1]	332	282
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax		(100)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		232	(320)
Accumulated Other Comprehensive Income (Loss), Pension and Postretirement Benefit Plans, Ending Balance		(42,379)	(34,639)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities, Beginning Balance		0
Net changes related to available-for-sale securities		6,742	0
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax		(3,026)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax		3,716
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities, Ending Balance		3,716
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance		(42,611)	(40,215)
Adjustment related to the transfer of Pension Plans and Postretirement Plan liabilities as a result of the Distribution			5,896
Other Comprehensive Income (Loss), before Reclassifications, before Tax		6,742	(602)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		332	282
Other Comprehensive Income (Loss), Tax		(3,126)	0
Other Comprehensive Income (Loss), Net of Tax		3,948	(320)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance		$ (38,663)	$ (34,639)
[1]	Amounts reclassified from accumulated other comprehensive loss, before income taxes, represents amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected in direct operating expenses and selling, general and administrative expenses in the accompanying consolidated statements of operations (see Note 11).

Pension Plans and Other Postr47

Pension Plans and Other Postretirement Benefit Plan (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016		Sep. 30, 2015
Pension Plans [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	$ 23	[1]	$ 1,512
Interest cost	1,240	[1]	1,929
Expected return on plan assets	(596)		(740)
Recognized actuarial loss	344		299
Amortization of unrecognized prior service cost (credit)	0		14
Net periodic benefit cost	1,011	[1]	3,014
Postretirement Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	34	[1]	50
Interest cost	41	[1]	91
Expected return on plan assets	0		0
Recognized actuarial loss	0		0
Amortization of unrecognized prior service cost (credit)	(12)		(31)
Net periodic benefit cost	$ 63	[1]	$ 110
[1]	Effective July 1, 2016, the Company changed the approach used to measure service and interest cost components of net periodic benefit costs for Pension Plans and Postretirement Plan. Previously, the Company measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plans’ obligations. Beginning fiscal year 2017, the Company elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows (“Spot Rate Approach”). The Company believes the Spot Rate Approach provides a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows and their corresponding spot rates on the yield curve. This change does not affect the measurement of plans’ obligations and it is accounted for as a change in accounting estimate, which is applied prospectively. This change in estimate did not result in a material reduction of the net periodic costs for Pension Plans and Postretirement Plan for the three months ended September 30, 2016, had the Company not changed the approach.

Pension Plans And Other Postr48

Pension Plans And Other Postretirement Benefit Plan (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	[1]	Sep. 30, 2015
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	$ 1,011		$ 3,014
Pension Plans [Member] | MSG Networks [Member] | Employee [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost			485
Pension Plans [Member] | MSG Networks [Member] | Corporate Employee [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost			229
Postretirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	$ 63		110
Postretirement Plan [Member] | MSG Networks [Member] | Employee [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost			18
Postretirement Plan [Member] | MSG Networks [Member] | Corporate Employee [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost			$ 11
[1]	Effective July 1, 2016, the Company changed the approach used to measure service and interest cost components of net periodic benefit costs for Pension Plans and Postretirement Plan. Previously, the Company measured service and interest costs utilizing a single weighted-average discount rate derived from the yield curve used to measure the plans’ obligations. Beginning fiscal year 2017, the Company elected to measure service and interest costs by applying the specific spot rates along that yield curve to the plans’ liability cash flows (“Spot Rate Approach”). The Company believes the Spot Rate Approach provides a more precise measurement of service and interest costs by improving the correlation between projected benefit cash flows and their corresponding spot rates on the yield curve. This change does not affect the measurement of plans’ obligations and it is accounted for as a change in accounting estimate, which is applied prospectively. This change in estimate did not result in a material reduction of the net periodic costs for Pension Plans and Postretirement Plan for the three months ended September 30, 2016, had the Company not changed the approach.

Defined Contribution Plan (Narr

Defined Contribution Plan (Narrative) (Details) - MSG Networks [Member] - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
MSG Union Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 22	$ 18
Employee [Member] | MSG Saving Plans [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 1,118	832
Corporate Employee [Member] | MSG Saving Plans [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized		$ 89

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$ 8,355	$ 3,105

Schedule of Share-based Compens

Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands	3 Months Ended
	Sep. 30, 2016$ / sharesshares
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, Beginning Balance | $ / shares	$ 167.51
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	170.50
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	140.46
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	156.16
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 172.03
Non-Performance Vesting [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, Beginning Balance	172
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	67
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(55)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(5)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	179
Performance Vesting [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, Beginning Balance	313
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	181
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(24)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	470

Share-Based Compensation Restri

Share-Based Compensation Restricted Stock Units Awards Activity (Narrative) (Details) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments Related to Tax Withholding for Share-based Compensation	$ 6,207
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, Vested in Period, Fair Value	$ 13,642
Shares Paid for Tax Withholding for Share Based Compensation | shares	33
Payments Related to Tax Withholding for Share-based Compensation	$ 5,653

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 11, 2015
Stock Repurchase Program [Abstract]
Stock Repurchase Program, Authorized Amount		$ 525,000
Treasury Stock, Shares, Acquired	406
Treasury Stock, Value, Acquired, Cost Method	$ 72,277
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 347,009

Related Party Transactions (Own

Related Party Transactions (Ownership Percentage) (Details)	Sep. 30, 2016
Related Party Ownership Percentage [Line Items]
Aggregate Voting Power Held By Related Party	70.80%
Common Class A [Member]
Related Party Ownership Percentage [Line Items]
Percentage of Common Stock Owned by Related Party	2.80%
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
	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Revenues	$ 33,841	$ 33,559
Consulting fees	977	68
Advertising	120	168
Telephone and other fiber optic transmission services	0	385
Other, net	18	7
MSG Networks [Member]
Related Party Transaction [Line Items]
Corporate general and administrative, net	(2,489)	(31,591)
Affiliate, Cablevision [Member]
Related Party Transaction [Line Items]
Corporate general and administrative, net	$ 0	$ 320

Related Party Transactions (Nar

Related Party Transactions (Narative) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)
Related Party Transaction [Line Items]
Related party transaction, transition services agreement	$ 2,048

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ (2,934)	$ 122
Effective Income Tax Rate Reconciliation, Percent	9.20%	(8.20%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 11,201
Available-for-sale Securities, Income Tax Expense on Change in Unrealized Holding Gain (Loss)	(3,126)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount	$ 138	$ 122

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting Information by Segment) (Details) $ in Thousands		3 Months Ended
		Sep. 30, 2016USD ($)segments	Sep. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segments		2
Revenues	[1]	$ 181,695	$ 150,381
Direct operating expenses	[2]	111,407	71,350
Selling, general and administrative expenses	[3]	77,021	58,368
Add back: Share-based compensation expense		8,355	3,105
Adjusted operating income (loss)	[4]	1,622	23,768
Depreciation and amortization		26,110	25,240
Share-based compensation expense		8,355	3,105
Operating income (loss)		(32,843)	(4,577)
Earnings (loss) in equity method investments		(994)	2,679
Interest income	[5]	2,399	957
Interest expense		(410)	(540)
Income (loss) from operations before income taxes		(31,848)	(1,481)
Capital expenditures		8,342	52,282
Operating Segments [Member] | Madison Square Garden Entertainment [Member]
Segment Reporting Information [Line Items]
Revenues		110,698	77,026
Direct operating expenses		91,858	57,001
Selling, general and administrative expenses		23,440	17,808
Add back: Share-based compensation expense		3,539	916
Adjusted operating income (loss)	[4]	(1,061)	3,133
Depreciation and amortization		2,686	2,574
Share-based compensation expense		3,539	916
Operating income (loss)		(7,286)	(357)
Capital expenditures		1,360	589
Operating Segments [Member] | Madison Square Garden Sports [Member]
Segment Reporting Information [Line Items]
Revenues		70,997	73,148
Direct operating expenses		19,549	14,349
Selling, general and administrative expenses		39,513	35,960
Add back: Share-based compensation expense		3,484	1,574
Adjusted operating income (loss)	[4]	15,419	24,413
Depreciation and amortization		2,618	2,860
Share-based compensation expense		3,484	1,574
Operating income (loss)		9,317	19,979
Capital expenditures		1,664	1,767
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Revenues		0	207
Direct operating expenses		0	0
Selling, general and administrative expenses	[6]	14,068	4,600
Add back: Share-based compensation expense		1,332	615
Adjusted operating income (loss)	[4]	(12,736)	(3,778)
Depreciation and amortization	[7]	20,806	19,806
Share-based compensation expense		1,332	615
Operating income (loss)		(34,874)	(24,199)
Capital expenditures	[8]	$ 5,318	49,926
Operating Income (Loss) [Member] | Operating Segments [Member] | Madison Square Garden Entertainment [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			1,928
Operating Income (Loss) [Member] | Operating Segments [Member] | Madison Square Garden Sports [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			536
Operating Income (Loss) [Member] | Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			(2,464)
Adjusted Operating Income (Loss) [Member] | Operating Segments [Member] | Madison Square Garden Entertainment [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			1,637
Adjusted Operating Income (Loss) [Member] | Operating Segments [Member] | Madison Square Garden Sports [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			935
Adjusted Operating Income (Loss) [Member] | Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Impact Increase (decrease) due to change in Corporate Allocation to the Segments			$ (2,572)
[1]	Include revenues from related parties of $33,841 and $33,559 for the three months ended September 30, 2016 and 2015, respectively.
[2]	Include net charges from (to) related parties of $214 and $(1,071) for the three months ended September 30, 2016 and 2015, respectively.
[3]	Include net charges to related parties of $(1,588) and $(29,572) for the three months ended September 30, 2016 and 2015, respectively.
[4]	In the first quarter of fiscal 2017, the Company has renamed its non-GAAP performance measure to adjusted operating income (loss) - formerly known as adjusted operating cash flow. There has been no change to the definition.
[5]	Includes interest income from MSG Networks of $307 for the three months ended September 30, 2015. In addition, interest income includes interest income from nonconsolidated affiliates of $865 and $635 for the three months ended September 30, 2016 and 2015, respectively.
[6]	Consists of unallocated corporate general and administrative costs.
[7]	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.
[8]	Capital expenditures for the three months ended September 30, 2015 are primarily associated with the purchase of an aircraft, as well as certain investments with respect to The Garden.