Madison Square Garden Entertainment Finance Chief Grau to Exit

Dow Jones

2024/11/16

By Sabela Ojea

Madison Square Garden Entertainment said its Finance Chief Michael Grau would be leaving the company after only a few months in the position.

The sports holding company on Friday named Lee Weinberg as its interim financial chief, effective Nov. 20. Grau joined the company in February, but had assumed the financial chief responsibilities on April 1.

Weinberg has served as the company's senior vice president of business and financial operations since the spinoff from Sphere Entertainment in April 2023.

The corporate executive change comes about a week after Madison Square Garden Entertainment reported a 3.5% drop in revenue in its fiscal first quarter ended Sept. 30, but also narrower losses.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

November 15, 2024 18:13 ET (23:13 GMT)

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Grau joined the company in February, but had assumed the financial chief responsibilities on April 1. \n</p>\n<p>\n  Weinberg has served as the company's senior vice president of business and financial operations since the spinoff from Sphere Entertainment in April 2023. \n</p>\n<p>\n  The corporate executive change comes about a week after Madison Square Garden Entertainment reported a 3.5% drop in revenue in its fiscal first quarter ended Sept. 30, but also narrower losses. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 15, 2024 18:13 ET (23:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSGE","symbol_name":"Madison Square Garden Entertainment","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483953297","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483953297","pubTimestamp":1731712380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Madison Square Garden Entertainment said its Finance Chief Michael Grau would be leaving the company after only a few months in the position.The sports holding company on Friday named Lee Weinberg as its interim financial chief, effective Nov. 20. 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Grau joined the company in February, but had assumed the financial chief responsibilities on April 1. \n\n\n  Weinberg has served as the company's senior vice president of business and financial operations since the spinoff from Sphere Entertainment in April 2023. \n\n\n  The corporate executive change comes about a week after Madison Square Garden Entertainment reported a 3.5% drop in revenue in its fiscal first quarter ended Sept. 30, but also narrower losses. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 15, 2024 18:13 ET (23:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}