tribtowerlogo.jpg

The chairman of the Chicago Tribune’s parent company is retiring from the board.| File photo

Tribune Media CEO to resign

Peter Liguori, president and CEO of Tribune Media, has decided to leave the company.

The decision will take effect after the release of Tribune Media’s earnings statements for the fourth quarter of 2016 as well as for the entire year; that is expected to come in the first week of March. Liguori will leave the board at the same time, and the board will begin a search to find a replacement.

Peter Liguori has been president and chief executive officer of Tribune Media since January 2013. | Getty Images. for WGN

Peter Liguori has been president and chief executive officer of Tribune Media since January 2013. | Getty Images. for WGN

“Following the successful completion of several financial, strategic and creative initiatives, culminating in the pending sale of Gracenote, Tribune Media is well advanced in its transformation to a more focused broadcast and cable networks company,” Liguori was quoted as saying in a company news release. “I believe that now is the ideal time for a new leader to steer today’s Tribune. As curious and excited as I am about pursuing new opportunities, I am equally grateful for the achievements, commitment and integrity of this company’s management team and its dedicated employees.”

Bruce Karsh, chairman of Tribune Media’s board of directors, also was quoted in the news release: “We greatly appreciate Peter’s leadership in the transformation of Tribune Media over the last four years, including the efforts to monetize non-core assets and simplify the company,” Karsh’s statement read. “It became clear to Peter and the board that in this last year of his contract it was time to find a new CEO to run the more broadcast-centric company.”

Liguori held the posts for four years. In that time, the company acquired Local TV for $2.7 billion, bringing the total number of Tribune Media local television stations to 42. In 2014, the company spun off its newspaper publishing division to its shareholders.

The board picked one of its current members, Peter M. Kern, to serve as interim CEO during the search process.

The Latest
Peterson may never have been locked up had Stacy not gone missing in 2007. That set in motion a chain of events that led to Peterson’s 2012 conviction for the murder of his third wife, Kathleen Savio, whose death had initially been ruled an accident.
The signature piece from his Academy Award-winning score is one of the hardest-to-forget movie tunes worldwide — and has also served as the musical background to endless slow-motion parodies.
The boy was shot Wednesday night after he jumped from the car and began running in the 800 block of North Cicero Avenue in Austin, according to a preliminary statement from police.
On May 18, 1978, a group of about 100 Chicago Latinos protested in the post office’s unfair hiring practices. Here’s how it turned out.
LaVar Ball is known to “speak it into existence,” and did so with ESPN 1000’s David Kaplan. Not only did the father of point guard Lonzo Ball feel his son would be ready by fall camp in rehabbing his knee injury, but will do so under his watchful eye the “right way.”