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Tribune Media CEO to step down in March

(Reuters) - Tribune Media Co <TRCO.N>, one of the largest U.S. TV station operators, said on Wednesday Chief Executive Peter Liguori would step down in March.

Liguori joined Tribune in 2013 and led the spin-off of its newspaper business into a separate company now known as Tronc Inc <TRNC.O>.

"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," Bruce Karsh, chairman of Tribune's board said.

In December, Liguori also led the sale of Tribune media data unit, Gracenote, to advertising tracking company Nielsen Holdings Plc <NLSN.N> for $560 million.

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Tribune's board named director Peter Kern as interim CEO during the search process.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Martina D'Couto)

 
 
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