Large Local TV Station Owner Tegna Says NBCUniversal And Google Alum Michael Steib Will Succeed Dave Lougee As CEO This Summer
deadline.comTegna, 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 in August.
After leaving his post as president, CEO and director, Lougee will become a senior advisor to the company. Lougee, 65, became CEO in 2017 after a 10-year run as president of Tegna Media.
Tegna was created in 2015 when Gannett separated its print and broadcast assets into separate companies. (The name Tegna is a partial anagram of “Gannett.”) 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 succession process has been under way since around the time the deal was terminated. Steib is currently CEO of Artsy, an online platform for discovering and collecting art.
Read more on deadline.com