Fox Station Vet Patrick Paolini Named Tegna CEO As It Battles Through Nexstar Merger Litigation
Tegna has appointed Patrick Paolini as its new CEO amid ongoing litigation regarding its merger with Nexstar. Paolini, a veteran of Fox Television Stations, will officially start on Monday, taking over from Mike Steib, who is stepping down. The merger, valued at $6.2 billion, faces legal challenges that could impact Tegna's future operations.
- ▪Tegna named Patrick Paolini as CEO to navigate litigation over its merger with Nexstar.
- ▪Paolini previously spent 26 years at Fox Television Stations, most recently as EVP of ad sales.
- ▪The merger with Nexstar, approved by the FCC, is currently facing a lawsuit that could halt its progress.
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Tegna's corporate headquarters Tegna, via Facebook EXCLUSIVE: Tegna has named Fox Television Stations veteran Patrick Paolini CEO as the station group looks to resolve litigation seeking to undo its merger with larger rival Nexstar. Paolini spent 26 years at the Fox stations, including most recently as EVP of ad sales, departing the company last week. Before assuming the role at Fox in 2023, the exec spent 10 years as general manager of WTTG and WDCA, the Fox duopoly in Washington, D.C. The new CEO will officially start on Monday, Tegna said. Tegna and Nexstar revealed their $6.2 billion combination last summer. In March of this year, the FCC approved the transaction, a game-changing combination creating an entity with reach to 80% of U.S.
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