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Posts Tagged ‘Peter Ligouri’

Broadcasting Division CEO Nils Larsen Out at Tribune

Broadcasting division CEO Nils Larsen has left Tribune Co., according to Chicagoland Radio and Media.

Larsen joined the company’s senior leadership team in 2008 and was named chief investment officer in 2009. He was named president and CEO of Tribune Broadcasting Company in 2011.

Tribune exited bankruptcy in December. Earlier this year, Tribune appointed Peter Ligouri as CEO and Larry Wert as president of local broadcasting of the company. [h/t Broadcasting & Cable]

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Tribune Company Cleared to Exit Bankruptcy

Tribune Company, the Chicago-based owner of several newspapers and 23 television stations, announced on Friday it has received approval needed to end its four-year bankruptcy proceedings.

“This decision will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks,” Tribune CEO Eddy Hartenstein said in a statement.

Tribune has cross-ownership of television stations and newspapers in five markets — Chicago, New York, Los Angeles, South Florida and Hartford — under exceptions to a 1975 FCC rule. Federal regulators have granted Tribune a permanent waiver in Chicago and extended waivers in the other four markets, allowing the company to continue cross-ownership. Read more