{"id":7661,"date":"2017-01-25T12:48:51","date_gmt":"2017-01-25T17:48:51","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/peter-liguori\/"},"modified":"2017-01-25T14:41:45","modified_gmt":"2017-01-25T19:41:45","slug":"peter-liguori-stepping-down-at-tribune-media","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/peter-liguori-stepping-down-at-tribune-media\/","title":{"rendered":"Peter Liguori Stepping Down at Tribune Media"},"content":{"rendered":"<p>CHICAGO: Peter Liguori is stepping down from his role as CEO and president of Tribune Media and is also resigning from the company&#8217;s board of directors.<\/p>\n<p>Liguori, who has been president and CEO since January 2013, will step down following the company&#8217;s 2016 fourth-quarter and full-year earnings release, expected to occur during the first week of March. This is also when he will resign from the board.<\/p>\n<p>Tribune Media&#8217;s board of directors will conduct a search working with\u00a0Korn Ferry\u00a0to identify a new CEO.<\/p>\n<p>Liguori has led the recent restructuring and transformation of Tribune Media. In 2013,\u00a0the company acquired Local TV for\u00a0$2.7 billion, which added 19 local television stations to its bouquet.\u00a0In 2014, the company spun off its newspaper publishing division to its shareholders, and during this period, Liguori led Tribune&#8217;s strategic investments in WGN America and grew its brand and distribution to nearly 80 million households. In\u00a0February of last year, Tribune Media announced a process to review its strategic and financial alternatives, resulting in the sale of certain real estate assets for more than\u00a0$500 million\u00a0and the pending sale of the company&#8217;s Gracenote metadata business to Nielsen for around $560 million.<\/p>\n<p>&#8220;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,&#8221; said Liguori. &#8220;I believe that now is the ideal time for a new leader to steer today&#8217;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&#8217;s management team and its dedicated employees.&#8221;<\/p>\n<p>Bruce Karsh, the chairman of Tribune Media&#8217;s board of directors, added, &#8220;We greatly appreciate Peter&#8217;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. 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.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO: Peter Liguori is stepping down from his role as CEO and president of Tribune Media and is also resigning from the company&#8217;s board of directors.<\/p>\n","protected":false},"author":350,"featured_media":7662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[1162,1163],"class_list":["post-7661","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-peter-liguori","tag-tribune-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peter Liguori Stepping Down at Tribune Media - TVUSA<\/title>\n<meta name=\"description\" content=\"CHICAGO: Peter Liguori is stepping down from his role as CEO and president of Tribune Media and is also resigning from the company&#039;s board of directors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvusa\/peter-liguori-stepping-down-at-tribune-media\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter Liguori Stepping Down at Tribune Media - 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