Tegna Appoints Fox Veteran Patrick Paolini as New CEO
Tegna named Fox veteran Patrick Paolini as CEO starting June 1. He joins as the firm seeks to resolve a court order blocking its merger with rival Nexstar.
Xurve View
Insights:
Xurve View
TEGNA appointed FOX CORP - CLASS B veteran Patrick Paolini as CEO on Tuesday morning. The leadership change comes as the broadcaster fights a court order blocking its $6.2 billion merger with NEXSTAR MEDIA GROUP INC. Investors are gauging whether Paolini’s three decades of local broadcast experience can stabilize operations during the protracted legal battle in the United States.
