Peter Liguori, president and CEO of Tribune Media, is leaving the company effective the first week of March. (TVSpy)
Liguori, a former top executive at Discovery Communications and News Corp. where he served as entertainment head at Fox and FX, will also resign from the company’s board of directors. Tribune Media’s board will conduct a search with Korn Ferry to identify a new CEO. (THR)
Tribune Media—then known as Tribune Company—spun off its newspapers into a separate company, Tribune Publishing, in 2014. Its stock price has declined since 2014, falling sharply to $28.98 from a two-year high of $69.75 in December 2014. Liguori has been head of Tribune Media since 2013. (Poynter)
He has been rumored as a candidate to succeed Michael Lynton as CEO of Sony Corp.’s Hollywood operations. In December he was named an adviser to the board of directors of the Tokyo-based corporate parent. Tribune spokesman Gary Weitman, however, said Liguori’s decision to step down at the end of his contract had no connection to his work with Sony Corp. (Variety)