“It’s actually a phenomenon without precedence, and I’m enjoying it for him, for our league and for the Knicks,” NBA Commissioner David Stern said Tuesday.
“It’s what happens when you have unscripted drama. The stock bump isn’t entirely due to Lin, as it might have been undervalued since its last quarter’s earnings report, says Rich Tullo, director of research at brokerage firm Albert Fried & Co. But “Linsanity” adds pressure for Time Warner to restart negotiating with MSG, he says.
MSG and Time Warner have been squabbling over fees and the cable company stopped broadcasting Knicks games to subscribers Dec. 31. MSG is losing about $17 million every six weeks from that, Tullo says.
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Ten X Research 