The Madison Square Garden Company announced that Tad Smith has resigned as president and CEO to take a senior position at another company. Mr. Smith joined MSG in March 2014 as the company's president and CEO, overseeing all aspects of the company, including the overall strategy and day-to-day operations of MSG Sports, MSG Media and MSG Entertainment. Prior to MSG, Mr. Smith spent five years at Cablevision Systems Corporation where he last served as president of Local Media, responsible for Cablevision Media Sales, the company's digital and linear television advertising sales division; News 12 Networks and Newsday Media Group.

Mr. Smith will remain with the company until the end of the month as MSG commences an immediate search for a successor. In the interim, James Dolan will oversee MSG's activities backed by the experienced senior management team in place overseeing the company's media, sports and entertainment businesses.