Tribune Media Company Announces Resignation of Chief Financial Officer Steven Berns

Chandler Bigelow Appointed Interim CFO

Aug 06, 2015, 06:45 ET from Tribune Media Company

NEW YORK, Aug. 6, 2015 /PRNewswire/ -- Tribune Media Company (NYSE: TRCO) today announced that its Chief Financial Officer, Steven Berns, has resigned effective August 11, 2015, to accept the position of CFO at another public company. Tribune Media has appointed Chandler Bigelow, its current Chief Strategies & Operations Officer as interim CFO, effective August 12, 2015. The company has initiated an external search for a full time successor as CFO.  

Bigelow previously served as CFO from 2008 to 2013, and is a 17-year veteran of the company.  He will continue to serve in his current role.

Berns will remain available to Tribune Media to facilitate a smooth transition of duties, and his resignation does not reflect any dispute or disagreement with the company.

"We thank Steven for his contributions to the company over the past two years, including his management of the spin-off of Tribune Publishing and our listing on the New York Stock Exchange, and we wish him well in his new position," said Peter Liguori, Tribune Media's President and Chief Executive Officer.  "We are fortunate to have an executive of Chandler's caliber, with his many years of experience at Tribune Media, as interim CFO."

As previously announced, the company will report its financial results for the three and six months ended June 30, 2015, before the market opens on Thursday, August 13, 2015.

Tribune Media Company (NYSE: TRCO) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting's 42 owned or operated local television stations reaching over 50 million households, national entertainment network WGN America, available in approximately 73 million households, Tribune Studios, and Gracenote, one of the world's leading sources of TV and music metadata powering electronic program guides in televisions, automobiles and mobile devices.  Tribune Media also includes Chicago's WGN-AM and the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com.

SOURCE Tribune Media Company



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