Cablevision says MSG division not for sale

Cablevision says it has no plans to sell Madision Square Garden, home of the NBA's New York Knicks, or any other Cablevision business.

In a statement Monday, Cablevision Systems Corp. said it wanted to "make clear" that it wasn't considering the sale of MSG or any Cablevision business at this time. In addition to the Knicks, the NHL's New York Rangers play at the Garden. Cablevision also operates Radio City Music Hall.

Last week, the Bethpage, N.Y.-based company said it was looking into spinning off MSG to its shareholders, triggering speculation of a sale.

Shares of Cablevision dropped 11 cents to close at $19.35.