The Madison Square Garden Company Announces Leadership Changes

The Madison Square Garden Company Announces Leadership Changes

 Hank Ratner Takes New Role as Vice Chairman and Will Join Company's Board of
                                  Directors

                   Tad Smith Becomes New President and CEO

NEW YORK, Feb. 28, 2014 (GLOBE NEWSWIRE) -- The Madison Square Garden Company
(Nasdaq:MSG) today announced that, following a successful tenure as president
and chief executive officer, Hank Ratner has taken on a new role as vice
chairman and will be joining the company's board of directors. The company has
also announced that Tad Smith, a well-regarded executive with a proven track
record of effectively operating and growing diverse organizations, has
succeeded Mr. Ratner as the company's president and CEO.

Throughout his tenure at MSG, Mr. Ratner has been responsible for overseeing
the overall daily operations of the business and has played a significant role
in spearheading the company's strategic initiatives and acquisitions, leading
to an unprecedented period of dynamic and enduring growth for the company.In
his new role as vice chairman, Mr. Ratner will continue to assist in setting
corporate direction, and work closely with MSG's new president and CEO on the
overall advancement of the company.

Mr. Smith joins MSG after five years with Cablevision Systems Corporation,
where he served as president of Local Media, responsible for the company's
digital and linear television advertising sales division; News 12 Networks, an
award-winning local news leader; and Newsday Media Group with assets that
include Long Island's leading daily newspaper Newsday and amNewYork, the
nation's most widely circulated free daily serving New York City.In his new
role, Mr. Smith will be responsible for overseeing all aspects of The Madison
Square Garden Company, including the overall strategy and day-to-day
operations of MSG Sports, MSG Media and MSG Entertainment, as well as the
company's administrative areas, including Finance, Legal, Human Resources,
Communications and Business Operations.

"Hank has achieved enormous success over his long-career with the company,
particularly over the last decade, when his leadership and business acumen has
allowed MSG to enhance its position as one of the world's leading sports,
media and entertainment companies," said James Dolan, executive chairman of
The Madison Square Garden Company. "We are extremely grateful for the integral
role Hank has played in driving the company's significant growth, including
spearheading the historic Transformation of The Garden, and look forward to
his continued contributions to the company."

Mr. Dolan continued: "We are pleased to welcome Tad to MSG as its new
president and chief executive officer. Over the last five years, Tad's unique
ability to grow organizations and identify key talent has helped to guide
Cablevision during a period of unprecedented change.We are confident that he
is the ideal executive to lead MSG into a new chapter of the company's history
and to seize the opportunities that lay ahead."

"Being able to lead Madison Square Garden during such a pivotal and historic
period has been a dream come true for me," said Mr. Ratner."I am extremely
proud of our record of success, which has not only marked a period of
tremendous growth, but also ensured the company is well positioned for the
future. I am honored to have played such a meaningful role in MSG's evolution,
and look forward to continuing my relationship with the company in my new
role."

"Madison Square Garden is unlike any other company in the world, with an
unparalleled group of legendary, beloved brands and assets that set the
standard for sports, media and entertainment," said Mr. Smith."I look forward
to working with MSG's executive staff and employees across the company to
ensure we continue to deliver excellence across our operations, and pursue
strategic growth initiatives that will allow us to expand our leadership
position, and build on our tremendous legacy."

During his tenure at MSG, Mr. Ratner was responsible for overseeing the
company's spin-off from Cablevision in February 2010, and has played a key
role in driving the company's financial performance, tripling MSG's adjusted
operating cash flow since its debut as a standalone company.In addition, Mr.
Ratner has helped bring some of the country's landmark venues under MSG
management -- The Beacon Theatre, The Chicago Theatre, the Wang Theatre and,
most recently, the Forum in Inglewood, CA.Recently, Mr. Ratner oversaw the
historic, three-year Transformation of the Madison Square Garden Arena, which
will ensure the iconic venue continues to deliver unforgettable moments for
decades to come.Mr. Ratner is also the visionary behind The Garden of Dreams
Foundation, a non-profit charity that works closely with MSG to help make
dreams come true for children facing obstacles. He will continue to serve as
chairman of Garden of Dreams. Mr. Ratner began his 27-year career with
Cablevision in 1987 before moving to Rainbow Media Holdings, the precursor of
AMC Networks, where he became chief operating officer in 1998.This was
followed in 2002 by his appointment to vice chairman of Cablevision, and then
a year later, vice chairman of MSG.In 2010, following MSG's successful
spin-off from Cablevision, he was named the company's president and chief
executive officer.

Before joining Cablevision in 2009, Mr. Smith worked for Reed Elsevier Group
PLC, a worldwide provider of business information, where he served as chief
executive officer of the company's U.S. division, Reed Business Information
(RBI).At RBI, Mr. Smith oversaw a number of well-known brands, including
Variety, Daily Variety, Publishers Weekly, Multichannel News and Broadcasting
& Cable.He was also responsible for developing and running RBI's digital
media businesses and was successful in significantly increasing the proportion
of revenue generated from these e-commerce businesses.

Before RBI, Mr. Smith served as senior vice president of e-commerce for
Starwood Resorts and Hotels Worldwide, where he was responsible for developing
and implementing a comprehensive global Internet strategy for the company and
its world renowned brands, such as Sheraton, Westin and St. Regis hotels and
resorts. From 1996 to 1998, Mr. Smith was with BMG Entertainment, a subsidiary
of global publisher Bertelsmann AG, where he managed the strategy, acquisition
and restructuring for the company's North American business units, including
Arista Records, RCA Records, BMG Direct Record Clubs and BMG Music Publishing,
among others. He was named managing director of that company's merchandising
unit in 1997. From 1992 to 1996, Mr. Smith served as a management consultant
for McKinsey & Company, Inc., a leading management consulting firm for
national and international commerce, industry, government and institutions.

Mr. Smith received a Master of Business Administration from Harvard Business
School and a Bachelor of Arts from Princeton University.

The Madison Square Garden Company is a fully integrated sports, media and
entertainment business. The Company is comprised of three business segments:
MSG Sports, MSG Media and MSG Entertainment, which are strategically aligned
to work together to drive the Company's overall business, which is built on a
foundation of iconic venues and compelling content that the Company creates,
produces, presents and/or distributes through its programming networks and
other media assets. MSG Sports owns and operates the following sports
franchises: the New York Knicks (NBA), the New York Rangers (NHL), the New
York Liberty (WNBA), and the Hartford Wolf Pack (AHL). MSG Sports also
features the presentation of a wide variety of live sporting events including
professional boxing, college basketball, bull riding and tennis. MSG Media is
a leader in production and content development for multiple distribution
platforms, including content originating from the Company's venues. MSG
Media's television networks consist of regional sports networks, MSG Network
and MSG+, collectively referred to as MSG Networks; and Fuse, a national
television network dedicated to music.MSG Networks also include
high-definition channels, MSG HD and MSG+ HD, and Fuse includes its
high-definition channel, Fuse HD.MSG Entertainment is one of the country's
leaders in live entertainment. MSG Entertainment creates, produces and/or
presents a variety of live productions, including the Radio City Christmas
Spectacular featuring the Radio City Rockettes.MSG Entertainment also
presents or hosts other live entertainment events such as concerts, family
shows and special events in the Company's diverse collection of venues. These
venues consist of Madison Square Garden, The Theater at Madison Square Garden,
Radio City Music Hall, the Beacon Theatre, the Forum in Inglewood, CA, The
Chicago Theatre, and the Wang Theatre in Boston, MA. More information is
available at www.themadisonsquaregardencompany.com.

The Madison Square Garden Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15647

CONTACT: Barry Watkins
         EVP, Communications
         The Madison Square Garden Company
         212-465-5920
         Barry.Watkins@msg.com
        
         Kim Kerns
         SVP, Communications
         The Madison Square Garden Company
         212-465-6442
         Kimberly.Kerns@msg.com

The Madison Square Garden Company logo
 
Press spacebar to pause and continue. Press esc to stop.