• by Wayne Friedman , February 6, 2015

Madison Square Garden Co. increased its revenues, primarily from its sports properties and entertainment businesses in its second-quarter fiscal reporting period.

Second-quarter revenues were up 7% of $542.5 million, compared to the prior year quarter.

MSG Entertainment -- its facilities including the Forum, the Madison Square Garden Arena and The Chicago Theatre and its Radio City Christmas Spectacular franchise -- improved 19% to $194.1 million increased 19%.

MSG Sports -- its team-based activities -- saw revenues climb 10% of $202.5 million, with the improvement coming from higher professional sports team pre/regular season ticket-related revenue, suite rental fee revenue, and inter-segment broadcast rights fees, and other team related sales.

Its media businesses, however, which includes MSG Networks, saw declining revenies. MSG Media revenues dropped 8% to $166.2 million -- largely due to the absence of affiliation fee revenue as well as lower advertising revenue at Fuse, which decreased $5.4 million.

Fuse was sold to SiTV back in April 2014 for $226 million and 15% equity in SiTV. The lower media revenues were partially offset by an increase in advertising revenue at MSG Networks.

Madison Square Garden net income edged up to $61.2 million from $60.5 million.