Tribune Boss is Pushed Out

Tribune CEO Peter Liguori is being pushed out.  

"It became clear to Peter and the board that in this last year of his contract it was time to find a new CEO to run the more broadcast-centric company," said Bruce Karsh, chairman of Tribune Media's board of directors.

The company said it will be working with headhunter Korn Ferry to identify a successor to Liguori, who has been CEO since January 2013.

Liguori plans to leave Tribune after the company reports it fourth quarter and full-year earnings.

"Following the successful completion of several financial, strategic and creative initiatives, culminating in the pending sale of Gracenote, Tribune Media is well advanced in its transformation to a more focused broadcast and cable networks company," said Liguori. "I believe that now is the ideal time for a new leader to steer today's Tribune. As curious and excited as I am about pursuing new opportunities, I am equally grateful for the achievements, commitment and integrity of this company's management team and its dedicated employees."