Report: Liguori Set to Become Tribune CEO
Former Discovery exec chosen by new ownership group
By Jon Lafayette -- Broadcasting & Cable, 11/16/2012 3:08:50 PMthe Chicago Tribune reports.
A new ownership group is preparing to take control of the media company by the end of the year, and those owners have chosen Liguori to run the company, sources told the paper.
A Tribune Corp. spokesman declined to comment.
Last year, Liguori left Discovery where he'd been COO. He was overseeing The Oprah Winfrey Network (OWN) until Oprah Winfrey assumed full-time hands-on responsibility for the cable channel. Before Discovery, Liguori was at News Corp. where he was head of entertainment for Fox Broadcasting and ran FX. More recently, he's been consulting and serving on boards.
Tribune owns 23 TV stations and WGN America in addition to papers including the Los Angeles Times and the Chicago Tribune.
Tribune was taken private by real estate investor Sam Zell, who loaded the company with billion in debt. The deal went bad as finances of the newspaper publishing business took a dive.
Former DirecTV exec Eddy Hartenstein has been CEO of Tribune since last year.
The Media Bureau Friday extended Tribune's newspaper-broadcast crossownership waivers, a move that will allow the transfer of station licenses to the new owners and pave the way for the company to emerge from bankruptcy.
John Eggerton contributed to this story.
First thing he needs to do once Zell and his cronies are ousted from there...fire Sean Compton at WGN America and clean that network up and get rid of all that was associated with Zell and Michaels and such who brought this company to the brink of destruction. then, sell the 55 of the Cubs to Ricketts and pay off high debts and then sell WGN-AM radio to Hubbard and make that station listenable once again and rid the last of the Metheny/Michaels hires and bring tradition back to that station.
Jed - 11/18/2012 12:18:47 AM EST
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