MSG replaces CEO Ratner with Cablevision exec Smith

Madison Square Garden (MSG) says CEO and President Hank Ratner has stepped down and will be succeeded by Cablevision (CVC) executive Tad Smith.

Ratner, CEO since 2009 and helping spearhead MSG's 2010 spin-off from CVC, will remain at MSG as vice chairman and join the company's board.

Smith most recently was president of Cablevision's local media division; before joining CVC in 2009, he ran Reed Elsevier's U.S. division.

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