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MSG, MSG Networks open lower after Knicks miss out on Durant.

Shares of Madison Square Garden (MSG) and MSG Networks (MSGN) have each opened lower after it was confirmed on the Instagram account of "The Boardroom" that prized NBA free agent Kevin Durant will sign with the Brooklyn Nets, not the New York Knicks. The Boardroom is executive produced by Durant and "examines the ins and outs of the business of sports." In morning trading, shares of Madison Square Garden are down $4.73, or 1.7%, to $275.23 while shares of MSG Networks have fallen $1.04, or 5%, to $19.70. [Reference Link]:[https://www.instagram.com/p/BzWZV18lRxx/?hl=en]

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Publication:The Fly
Date:Jul 1, 2019
Words:103
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