Exhibit 99.1

THE MADISON SQUARE GARDEN COMPANY REPORTS

FISCAL 2016 SECOND QUARTER RESULTS

Strong AOCF and operating income growth for the second quarter versus the prior year period

Fiscal 2016 second quarter revenue of $410.8 million

Fiscal 2016 second quarter AOCF of $82.1 million

Fiscal 2016 second quarter operating income of $49.0 million

NEW YORK, N.Y., February 4, 2016 - The Madison Square Garden Company (NYSE: MSG) today reported financial results for the second quarter ended December 31, 2015.

On September 30, 2015, The Madison Square Garden Company completed its spin-off from MSG Networks Inc. The fiscal 2016 second quarter is the first period that reflects the Company’s financial results on a standalone basis, including the Company’s actual corporate general and administrative costs.

Reported results for the fiscal 2015 second quarter are presented as the combined results of the sports and entertainment businesses, which, prior to the completion of the spin-off, had been consolidated with MSG Networks Inc. Please note that results for the fiscal 2015 second quarter reflect the allocation of corporate general and administrative costs based on accounting requirements for the preparation of carve-out financial statements. As a result, fiscal 2015 second quarter results do not reflect all of the actual expenses that the Company would have incurred had it been a standalone public company for that quarter.

On a reported basis, fiscal 2016 second quarter revenues of $410.8 million grew 4%, adjusted operating cash flow (“AOCF”)⁽¹⁾ of $82.1 million increased 18%, and operating income of $49.0 million increased 23%, all as compared to the prior year period.

President and CEO David O’Connor said, “For the fiscal second quarter, we generated strong top-line and AOCF results driven by the New York Knicks and Rangers, a successful run of the Radio City Christmas Spectacular and our continued ability to attract an exciting and diverse array of artists and events to our venues. As we look ahead, we remain focused on delivering excellence across our operations, while executing on our plans for growth and long-term value creation.”

Results from Operations

Segment results for the quarters ended December 31, 2015 and 2014 are as follows:

Note: Does not foot due to rounding

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MSG Entertainment

For the fiscal 2016 second quarter as compared to the prior year period, MSG Entertainment revenues of $183.8 million decreased 5%. The decrease was primarily due to the absence of approximately $14.1 million in revenue from the theatrical productions of the Radio City Christmas Spectacular presented outside New York (which the Company made the decision to end after the 2014 holiday season) and, to a lesser extent, a decrease in overall event-related revenues at the Company’s venues. This decrease was partially offset by higher ad sales commission, venue-related sponsorship and signage and suite rental fee revenues, as well as higher revenues from the New York production of the Radio City Christmas Spectacular.

Second quarter AOCF of $50.1 million decreased by $7.7 million and operating income of $45.5 million decreased by $8.9 million. The decrease in AOCF and operating income primarily reflects an increase in selling, general and administrative expenses and the absence of approximately $4.5 million in direct contribution to AOCF from the theatrical productions of the Radio City Christmas Spectacular presented outside New York, partially offset by other net increases. The increase in selling, general and administrative expenses was primarily due to higher corporate general and administrative costs and costs associated with the Company’s new Advertising Sales Representation Agreement with MSG Networks Inc. As noted above, selling, general and administrative expenses in the prior year second quarter do not include all of the actual expenses that the Company would have incurred had it been a standalone public company for that period.

MSG Sports

For the fiscal 2016 second quarter as compared to the prior year period, MSG Sports revenues of $226.8 million increased 12%. The increase in revenues was primarily due to higher broadcast rights fees from MSG Networks Inc. as a result of new long-term media rights agreements between the New York Knicks and New York Rangers and MSG Networks Inc. In addition, the overall increase in segment revenues reflects higher event-related revenues from other live sporting events and ad sales commission and professional sports teams’ sponsorship and signage revenues. Excluding the impact of the new long-term media rights agreements, MSG Sports revenues would have increased 6%, as compared to the prior year period.

Second quarter AOCF increased by $27.1 million to $44.5 million and operating income increased by $25.7 million to $39.3 million. The increase in AOCF and operating income was primarily due to the increase in revenues and, to a lesser extent, a decrease in direct operating expenses, partially offset by higher selling, general and administrative expenses. The decrease in direct operating expenses was primarily due to lower net provisions for NBA luxury tax and NBA and NHL revenue sharing expense, team personnel compensation costs and net provisions for certain team personnel transactions, partially offset by higher event-related expenses associated with other live sporting events. The increase in selling, general and administrative expenses was primarily due to higher corporate general and administrative costs, employee compensation and related benefits and costs associated with the Company’s new Advertising Sales Representation Agreement with MSG Networks Inc., partially offset by lower marketing costs and professional fees. As noted above, selling, general and administrative expenses in the prior year second quarter do not include all of the actual expenses that the Company would have incurred had it been a standalone public company for that period.

About The Madison Square Garden Company

The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment with a portfolio of legendary sports teams, exclusive entertainment productions and celebrated venues. MSG Sports owns and operates some of the most widely recognized sports franchises: the New York Knicks (NBA), the New York Rangers (NHL) and the New York Liberty (WNBA), along with two development league teams - the Westchester Knicks (NBADL) and the Hartford Wolf Pack (AHL). MSG Sports also presents a broad array of world-class sporting events, including: professional boxing, college basketball, tennis, bull riding and e-gaming events. MSG Entertainment features exclusive, original productions that include the Radio City Christmas Spectacular and the Rockettes New York Spectacular, both starring the Rockettes, and presents or hosts a wide variety of live entertainment offerings, including concerts, family shows and special events, in the Company’s diverse collection of iconic venues. These venues are: New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, California; The Chicago Theatre; and the Wang Theatre in Boston, MA. More information is available at

www.themadisonsquaregardencompany.com.

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Non-GAAP Financial Measures

We define adjusted operating cash flow (“AOCF”), which is a non-GAAP financial measure, as operating income (loss) before 1) depreciation, amortization and impairments of property and equipment and intangible assets, 2) share-based compensation expense or benefit, 3) restructuring charges or credits and 4) gains or losses on sales or dispositions of businesses. Because it is based upon operating income (loss), AOCF also excludes interest expense (including cash interest expense) and other non-operating income and expense items. We believe that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of the various operating units of our business without regard to either the distortive effects of fluctuating stock prices or the settlement of an obligation that is not expected to be made in cash.

We believe AOCF is an appropriate measure for evaluating the operating performance of our business segments and the Company on a consolidated basis. AOCF and similar measures with similar titles are common performance measures used by investors and analysts to analyze our performance. Internally, we use revenues and AOCF measures as the most important indicators of our business performance, and evaluate management’s effectiveness with specific reference to these indicators. AOCF should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Since AOCF is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. For a reconciliation of AOCF to operating income (loss), please see page 4 of this release.

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including financial community and rating agency perceptions of the Company and its business, operations, financial condition and the industry in which it operates and the factors described in the Company’s filings with the Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein.

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Contacts:

Conference Call Information:

The conference call will be Webcast live today at 10:00 a.m. ET at www.themadisonsquaregardencompany.com

Conference call dial-in number is 877-347-9170 / Conference ID Number 28173695

Conference call replay number is 855-859-2056 / Conference ID Number 28173695 until February 11, 2016

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THE MADISON SQUARE GARDEN COMPANY

CONSOLIDATED/COMBINED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

ADJUSTMENTS TO RECONCILE ADJUSTED OPERATING CASH FLOW TO

OPERATING INCOME

The following is a description of the adjustments to operating income in arriving at adjusted operating cash flow as described in this earnings release:

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THE MADISON SQUARE GARDEN COMPANY

CONSOLIDATED/COMBINED OPERATIONS DATA

(Dollars in thousands)

(Unaudited)

REVENUES

ADJUSTED OPERATING CASH FLOW AND OPERATING INCOME (LOSS)

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THE MADISON SQUARE GARDEN COMPANY

CONSOLIDATED AND COMBINED BALANCE SHEETS

(In thousands, except per share data)

(Unaudited)

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THE MADISON SQUARE GARDEN COMPANY

SELECTED CASH FLOW INFORMATION

(Dollars in thousands)

(Unaudited)

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