Tribune Co. (TRBAA:US) named television industry veteran Peter Liguori as its chief executive officer after emerging from bankruptcy at year-end.
Liguori, 52, formerly with Fox and Discovery, replaces Eddy Hartenstein, who remains publisher of the company’s Los Angeles Times newspaper, Chicago-based Tribune said yesterday in a statement. Bruce Karsh, president and co-founder of Los Angeles- based Oaktree Capital Management LP, was named chairman.
“Peter is the ideal choice to be Tribune’s next chief executive officer,” Karsh said in the statement. “He has the talent and experience to lead the company forward, and has a track record of success.”
With Liguori, the company is tapping an industry veteran with experience in both cable and broadcast television. Liguori most recently served as chief operating officer of Discovery Communications Inc. (DISCA:US) Earlier he was chairman of entertainment for New Corp. (NWSA:US)’s Fox Broadcasting and was president and CEO of the company’s FX Networks.
Tribune, owner of the Chicago Tribune, Los Angeles Times and six other daily newspapers, emerged from bankruptcy on Dec. 31, four years after a doomed leveraged buyout by billionaire Sam Zell led to Chapter 11. The company owns or runs 23 TV stations.
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