Cablevision Systems said it has no plans to sell the Madison Square Garden unit or any other businesses, less than a week after the board gave managers permission to explore a spinoff.

The company 'is not considering the sale of MSG, any of MSG’s businesses or any other Cablevision business at this time,' according to a statement today. Cablevision, controlled by the Dolan family, announced the possibility of a spinoff of its Madison Square Garden business 7 May.