WSJ on MSG

March 6, 2006
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We thought the new weekend edition of The Wall Street Journal was supposed to be devoted to stories about killing your date with stiletto heels, but Saturday’s issue mopped up a bit after Crain’s bombshell last week reporting Madison Square Garden’s pending move. A memorandum of understanding was indeed signed, but it was nonbinding, and it was signed “several weeks ago” between Cablevision, the owner of the Garden, and Vornado and Related, which would plop the arena a block west, on the far end of the Farley Post Office that they are turning into a train station. The agreement, the Journal reported, is not finalized. A source close to the deal assured us that the article is accurate but that there would be no official announcement today. -Matthew Schuerman
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