Madison Square Garden Sports shares are trading higher after the company announced it approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business.

Madison Square Garden Co. Class A -0.04%

Madison Square Garden Co. Class A

MSGS

312.18

-0.04%

Madison Square Garden Sports shares are trading higher after the company announced it approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business.
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