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Telephone and Data Systems, Inc. (NYSE:TDS) shares are trading higher after the company announced a definitive deal to sell its wholly owned subsidiaries OneNeck IT Solutions and OneNeck Data Center Holdings to US Signal Company for an undisclosed amount. US Signal, a portfolio company of Igneo Infrastructure Partners, is acquiring all of OneNeck’s operations, encompassing its data centers, cloud hosting, and solutions provider services. Vicki L. Villacrez, TDS Executive Vice President and CFO, said, “As part of our capital allocation process, we are prioritizing assets to determine what is strategic and can improve our competitiveness.”  “The sale of OneNeck provides additional cap

Madison Square Garden Sports Corp (NYSE:MSGS) reported fiscal third-quarter 2024 revenue of $429.95 million, exceeding the Wall Street analyst estimate of $420.74 million. Revenue grew by 12% year over year. This increase was primarily due to higher ticket-related revenues, suite revenues, food, beverage and merchandise sales, local media rights fees, and revenues from league distributions. The New York Knicks basketball team played five more regular-season home games at The Garden arena in the current year than in the prior year. Quarterly earnings per share totaled $1.57, missing the analyst consensus estimate of $2.60. Madison Square reported an adjusted operating income of $8

Cinemark Holdings Inc (NYSE:CNK) reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the analyst consensus of $560.38 million. EPS of $0.19 beat the analyst consensus loss of $(0.20). Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons.  Also Read: Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Office Boost From Taylor Swift, Beyoncé The worldwide average ticket price was $7.30, and concession revenue per patron was $5.65. As of March 31, 2024, the company's aggregate screen count was 5,708,

Consolidated Communications Holdings Inc (NASDAQ:CNSL) reported a fourth-quarter fiscal 2023 revenue decline of 7.0% year-on-year to $275.2 million, missing the analyst consensus of $276.9 million. Adjusted EPS loss of $(0.26) beat the analyst consensus loss of $(0.36). Revenue from the Consumer segment declined 1.2% Y/Y to $ 113.85 million as growth in Broadband was offset by a decline in Voice and Video services. Due to Data and Voice services decline, Commercial segment revenue decreased 5.4% Y/Y to $96.21 million. Carrier segment revenue declined 7.8% Y/Y to $34.82 million due to Data and Voice services decline. Adjusted EBITDA declined 14.7% Y/Y to $86.7 million. The marg