Get the latest gossip
Large Local TV Station Owner Tegna Says NBCUniversal And Google Alum Michael Steib Will Succeed Dave Lougee As CEO This Summer
Tegna, one of the top local TV station owners in the U.S., says former NBCUniversal and Google exec Michael Steib will succeed David Lougee as CEO.
Last year, the proposed acquisition of Tegna by private equity firm Standard General was abandoned after regulators raised concerns about the potentially negative impact of the $8.6 billion deal on the workforce and consumers. The new directors are Catherine Dunleavy, a senior finance and media executive former president of Away; and Denmark West, who heads market intelligence and strategic engagements at X, The Moonshot Factory, a division of Alphabet. “The board and I deeply appreciate all he has done to build the company into an industry leader with a strong financial position and a commitment to the communities in which we operate, but we understand his desire to retire as CEO at this juncture.
Or read this on Deadline
