The Madison Square Garden Company Names Irene Baker Senior Vice President, Government Affairs

New York, NY (June 27, 2012) - The Madison Square Garden Company (NASDAQ: MSG) announced today that Irene Baker has been appointed senior vice president, government affairs, effective July 9. In this position, Ms. Baker will serve as the Company's chief government affairs executive, overseeing all of the Company's public affairs matters.

Ms. Baker will be responsible for directing The Madison Square Garden Company's government relations activities, as well as managing all legislative and policy matters in support of the Company's businesses both within and outside of New York. This includes building strategic relationships, while instituting clear and effective communications strategies to articulate and advance the company's positions. Ms. Baker will report to Barry Watkins, executive vice president, communications and administration.

"We are extremely fortunate to have such a seasoned professional join The Madison Square Garden Company at such an important time in our history," said Mr. Watkins "While working for the State of New York, Irene established an excellent track record of building support for the Governor's agenda and effectively communicating key administrative priorities. We are certain that her expertise, strong relationships and strategic counsel will be vital as we continue to seek opportunities to grow one of the world's leading sports, entertainment and media companies."

Ms. Baker most recently served as Director of Cabinet Affairs for Governor Andrew Cuomo's Office, acting as liaison with cabinet agency commissioners and organizing coordinated communication of Administration priorities across the State. Ms. Baker simultaneously served as Director of the Regional Economic Development Councils for the Empire State Development Corporation, directing the creation, operation and processes of Governor Cuomo's 10 Regional Councils, which represent a fundamental shift in New York's economic development model and, in their first year, resulted in $785 million in awards to regionally significant, transformational priority projects. Ms. Baker first joined state government in 2008 serving as Executive Counsel to then Attorney General Andrew Cuomo.

"It has been a privilege to serve the people of the State of New York under Governor Cuomo's leadership and I am proud to have played a part in his efforts to bring performance, integrity and pride back to public service. As a lifelong New Yorker, I am thrilled to be joining an iconic New York institution like The Madison Square Garden Company, particularly during such an exciting period of growth," said Ms. Baker. "I look forward to working with the senior team to establish the most productive and positive working relationships with various government entities and to ensuring that the Company's many good works, both in business and in the community through their highly-regarded Garden of Dreams Foundation, are well understood."

Prior to entering State service, Ms. Baker spent three years as Chief of Staff to the President and Chief Executive of Marsh & McLennan Companies Inc. (MMC). Before MMC, Ms. Baker was a litigation associate for Simpson Thacher & Bartlett, LLC. Ms. Baker started her career as a law clerk for Manton, Sweeney, Gallo, Reich & Bolz, LLP, before serving as a law clerk for the Honorable Joseph M. McLaughlin of the U.S. Court of Appeals for the Second Circuit.

Ms. Baker graduated magna cum laude from St. John's University School of Law and holds a B.A., cum laude, from Queens College.

About The Madison Square Garden Company
The Madison Square Garden Company is a fully-integrated sports, media and entertainment business. The Company is comprised of three business segments: MSG Sports, MSG Media and MSG Entertainment, which are strategically aligned to work together to drive the Company's overall business, which is built on a foundation of iconic venues and compelling content that the company creates, produces, presents and/or distributes through its programming networks and other media assets. MSG Sports consists of owning and operating sports franchises, including the New York Knicks (NBA), the New York Rangers (NHL), the New York Liberty (WNBA), and the Connecticut Whale (AHL). MSG Sports also features the presentation of a wide variety of live sporting events including professional boxing, college basketball, track and field and tennis. MSG Media is a leader in production and content development for multiple distribution platforms, including content originating from MSG's venues. MSG Media consists of the MSG Networks (MSG, MSG Plus, MSG HD and MSG Plus HD) regional sports networks and the Fuse Networks (Fuse and Fuse HD), a national television network dedicated to music. MSG Entertainment is one of the country's leaders in live entertainment. MSG Entertainment creates, produces and/or presents a variety of live productions, including the Radio City Christmas Spectacular featuring the Radio City Rockettes. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in MSG's diverse collection of venues. These venues include Madison Square Garden, Radio City Music Hall, the Theater at Madison Square Garden, the Beacon Theatre, The Chicago Theatre, the Forum and the Wang Theatre.www.themadisonsquaregardencompany.com.