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News Breaks
February 28, 2014
16:31 EDTMSGMadison Square Garden: Tad Smith succeeds Ratner as CEO
The Madison Square Garden Company announced that, following a successful tenure as president and CEO, 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 Ratner as the company's president and CEO. 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 For MSG From The Last 14 Days
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February 26, 2015
09:53 EDTMSGAnalysts critical of SFX Entertainment CEO bid price, NY Post says
SFX Entertainment (SFXE) CEO Robert Sillerman's recent stock bid for his company provoked negative reactions from some analysts, reports the New York Post. Albert Fried analyst Rich Tullo currently has an SFX price target of $7.00, has called the $4.75 offered price per share "an insult," and encouraged the company to solicit bids from AEG, Live Nation (LYV), and MSG Entertainment (MSG). Maglan Capital CIO Steven Azarbad said "it's definitely worth more than $10 a share" and highlighted the $12 target from Stifel's Ben Mogil. Reference Link

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