Madison Square Garden Unveils Plans for New "Signature Suite Level" Debuting in Fall 2013

NEW YORK, April 26, 2013 (GLOBE NEWSWIRE) -- Madison Square Garden
unveiled plans today for a new Signature Suite Level on the 9th floor
of the Arena that will debut this fall as part of the third and final
phase of The Garden's three-year, historic Transformation. The 18
suites on the Signature Suite Level offer great seats for the more than
200 annual sports and entertainment events at The Garden, with every
suite delivering a "center stage" view for concerts.

"One of our goals with the newly transformed Madison Square Garden is
to present premium hospitality offerings, at every level, for companies
who want an unmatched experience for entertaining or doing business,"
said Dave Howard, president, MSG Sports. "The new Signature Suites will
feature first-class amenities, food offerings from some of New York's
best chefs, access to exclusive gatherings with Garden legends, and
center stage views for every exciting event at The World's Most Famous
Arena. And with all of our other suites and clubs virtually sold out,
the Signature Suites are the last way for a company to gain access to
the ultimate premium entertainment experience to help drive business in
the center of Manhattan."

All of the Signature Suites will have state-of-the-art amenities,
including rich wood finishes, granite-topped serving areas, flat panel
televisions, and a restroom and kitchen area in the suite. A "branding
wall" in each suite also provides the unique opportunity for companies
to customize their suite decor. Premium menu options for the suites
include specialized offerings from MSG Signature Collection chefs
Jean-Georges Vongerichten (Jean-Georges, Perry St, Spice Market, Mercer
Kitchen, JoJo, Nougatine at Jean-Georges, Terrace at Jean-Georges, ABC
Kitchen, and The Mark in New York City), Andrew Carmellini (Locanda
Verde, The Dutch, Lafayette, The Library and Joe's Pub at The Public in
New York City) and Jeremy Marshall (AquaGrill), as well as wines
selected by top sommeliers. In addition, all suite holders are provided
with a special VIP Concierge Entrance into the Arena and a dedicated
account team providing best in class service, including concierge and
suite attendants on hand at every event.

The 9th floor Signature Suite Level will feature a 2,180 square foot
window-lined lobby area with a special collection of artifacts,
memorabilia and stories lining the walls that pay homage to the
legendary athletes and entertainers who have left their mark on The
Garden's rich history. Exclusive Signature Suite-only events will be
hosted in the lobby and will include "meet and greet" opportunities
featuring Knicks, Rangers and Garden legends sharing stories and unique
insight, as well as events celebrating defining moments throughout The
Garden's 133 year history.

The new Signature Suite Level will become part of The Garden's
portfolio of new premium hospitality offerings that were created as
part of the Transformation. These clubs and suites, which deliver
options at every level for companies looking to entertain and do
business, include: 1879 Club Presented by J.P. Morgan, Delta Sky360
Club, Event Level Suites (5th floor), Madison Level Suites (7th floor)
and the Madison Club presented by Foxwoods (7th floor).

In fall 2013, The Garden will unveil the third and final phase of the
Arena's comprehensive, top-to-bottom Transformation. In addition to the
new Signature Suite Level, other new elements that will debut include
the two spectacular new Chase Bridges and new expanded Chase Square
entrance off 7th Avenue, as well as the new Budweiser Fan Deck (10th
floor), new state-of-the-art GardenVision center-hung scoreboard, and
the iconic Garden ceiling will be restored. The historic, three-year
nearly $1 billion Transformation of Madison Square Garden has provided
fans with an upgraded experience and enhanced amenities from the first
row to the last. From the expanded concourses and first-class food and
beverage options, to the larger, more comfortable seats and enhanced
sightlines, to the special exhibits celebrating The Garden's unrivaled
history, the new state-of-the-art Arena reinforces the building's
position as The World's Most Famous Arena

The Madison Square Garden Company (Nasdaq:MSG) is a fully-integrated
sports, media and entertainment business. The Company is comprised of
three business segments: MSG Sports, MSG Media and MSG Entertainment,
which are strategically aligned to work together to drive the Company's
overall business, which is built on a foundation of iconic venues and
compelling content that the company creates, produces, presents and/or
distributes through its programming networks and other media assets.
MSG Sports owns and operates the following sports franchises: the New
York Knicks (NBA), the New York Rangers (NHL), the New York Liberty
(WNBA), and the Connecticut Whale (AHL). MSG Sports also features the
presentation of a wide variety of live sporting events including
professional boxing, college basketball, track and field and tennis.
MSG Media is a leader in production and content development for
multiple distribution platforms, including content originating from the
Company's venues. MSG Media's television networks consist of regional
sports networks, MSG Network and MSG+, collectively referred to as MSG
Networks; and Fuse, a national television network dedicated to music.
MSG Networks also include high-definition channels, MSG HD and MSG+ HD,
and Fuse includes its high-definition channel, Fuse HD. MSG
Entertainment is one of the country's leaders in live entertainment.
MSG Entertainment creates, produces and/or presents a variety of live
productions, including the Radio City Christmas Spectacular featuring
the Radio City Rockettes. MSG Entertainment also presents or hosts
other live entertainment events such as concerts, family shows and
special events in the Company's diverse collection of venues. These
venues consist of Madison Square Garden, Radio City Music Hall, The
Theater at Madison Square Garden, the Beacon Theatre, the Chicago
Theatre, the Forum in Inglewood, CA, and the Wang Theatre in Boston,
MA. More information is available at
www.themadisonsquaregardencompany.com.