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Will Brooklyn Nets Hurt Knicks' Stock?

Cablevision, the parent company of the Knicks, spun off Madison Square Garden as a separate stock recently, but financial writers think it's a bad long term bet. One reason: "fresh competition" from the Nets at Barclays Center in 2012. Meanwhile, the city's independent budget office says it's only fair the Knicks keep their $15 million a year real estate tax benefit because the city's subsidizing the Nets in Brooklyn.