Most Senior Corporate Execs Depart Tegna As Legal Fight Over Nexstar Merger Continues
Tegna has seen a significant turnover in its senior management team amid ongoing legal challenges related to its merger with Nexstar. New CEO Patrick Paolini is set to replace key executives as the company navigates the merger's complexities. Despite these changes, Tegna's operations at the station level continue as normal.
- ▪Most of Tegna's senior corporate management team has departed as the legal battle over its merger with Nexstar continues.
- ▪Patrick Paolini has been appointed as the new CEO, succeeding Mike Steib.
- ▪Nexstar's acquisition of Tegna has faced legal scrutiny, with a lawsuit claiming it creates a monopolistic local TV giant.
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Tegna AP Photo Most of the senior corporate management team at local TV giant Tegna has left the company as the legal battle over its merger with rival Nexstar continues. One of the leadership moves – Fox stations vet Patrick Paolini’s start on Monday as CEO, succeeding Mike Steib – was reported earlier this week by Deadline. Other execs leaving, either in recent days or by early June, include CFO Julie Heskett; Chief Strategy Officer Ed Busby and Chief Experience Officer Dhanusha Sivajee, according to a person familiar with the departures. Paolini is understood to be planning to replace certain key members of the top team, especially in certain highly specific areas of specialty. At the station level, Tegna is continuing to operate as normal.
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