2 unchanged sentences
Performance Graph
−Removed: The following graph compares the relative performance of our Class A Common Stock, the Russell 3000 Index and the Bloomberg Americas Entertainment Index.
+Added: The following graph compares the relative performance of our Class A Common Stock, the Russell 3000 Index and the Dow Jones U.S.
+Added: Media Sector Index.
This graph covers the period from June 30, 2021 through June 30, 2026.
1 unchanged sentence
The stock price performance included in this graph is not necessarily indicative of future stock performance.
+Added: The Russell 3000 Index and the Dow Jones U.S.
+Added: Media Sector Index are included for comparative purposes only.
+Added: They do not necessarily reflect management’s opinion that such indices are an appropriate measure of the relative performance of the stock involved and they are not intended to forecast or be indicative of possible future performance of our common stock.
+Added: Pursuant to SEC rules, our performance graph must include both a broad market equity index and a published industry or line-of-business index (or a self-constructed peer index) in addition to our Class A Common Stock.
+Added: The rules also require that if a registrant selects a different index from an index used for the immediately preceding fiscal year, it must (i) explain the reason for the change and (ii) compare the registrant’s total return with that of both the newly selected index and the index used in the immediately preceding fiscal year.
+Added: With respect to the published industry index, in prior years, we used the Bloomberg Americas Entertainment Index;
+Added: however, that index was discontinued in 2025.
+Added: Accordingly, we have used the Dow Jones U.S.
+Added: Media Sector Index as a replacement for the discontinued index and because the Bloomberg Americas Entertainment Index was discontinued, we are unable to compare our cumulative total return with that index.
6/30/21 6/30/22 6/30/23 6/30/24 6/30/25 6/30/26
−Removed: Madison Square Garden Company Sports Corp.
+Added: Madison Square Garden Sports Corp.
$ 100.00 $ 87.50 $ 114.08 $ 114.13 $ 126.76 $ 243.77
1 unchanged sentence
100.00 86.13 102.46 126.15 145.45 178.65
−Removed: Bloomberg Americas Entertainment Index
−Removed: 100.00 230.15 121.64 144.03 145.28 155.90
+Added: Dow Jones U.S.
+Added: Media Sector Index 100.00 58.44 58.40 58.88 66.77 56.84
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
2 unchanged sentences
As of June 30, 2026, there were 22 holders of record of our Class B Common Stock.
−Removed: On October 6, 2022, the Company announced that its Board of Directors declared a special cash dividend of $7.00 per share, which was paid on October 31, 2022 to stockholders to record as of October 17, 2022.
−Removed: Any decisions regarding the payment of
−Removed: future dividends on our common stock will be made by our Board of Directors from time to time in accordance with applicable law, and there can be no assurance that dividends will be paid in the future.
+Added: Any decisions regarding the payment of dividends on our common stock will be made by our Board of Directors from time to time in accordance with applicable law, and there can be no assurance that dividends will be paid in the future.
Issuer Purchases of Equity Securities
4 unchanged sentences
Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: The information required by Item 201(d) is incorporated by reference to the definitive proxy statement for our 2025 Annual Meeting of Stockholders, which is expected to be filed with the SEC within 120 days of our fiscal year end.
+Added: The information required by Item 201(d) of Regulation S-K is incorporated by reference to the definitive proxy statement for our 2026 Annual Meeting of Stockholders, which is expected to be filed with the SEC within 120 days of our fiscal year end.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.