LIN TV Announces CEO Gary Chapman to Retire
14 6월 2006 - 9:11AM
Business Wire
LIN TV Corp. (NYSE: TVL) today announced that Gary R. Chapman, LIN
TV's Chairman, President and Chief Executive Officer, will retire
effective July 10, 2006 and will concurrently resign as a director
of the Company. The Company will execute a search for a new CEO.
Until the process is completed, Vincent L. Sadusky, the Company's
Vice President, Chief Financial Officer and Treasurer, will act as
interim CEO. Gary R. Chapman said, "I will miss working with all
the great people at LIN. This company has grown from seven to 30
television stations during my tenure and we have created leading
duopoly stations in many of our markets. I am confident in our team
and their ability to face the industry challenges that lie ahead. I
have spent the past two years mentoring Vince Sadusky, and I know
he will provide excellent leadership during this transition." The
Board of Directors, represented by Peter S. Brodsky, said, "The
Board would like to thank Gary for building a great company. He has
developed an outstanding LIN management team, which we are
confident will continue to build on the strong direction set by
Gary." Gary Chapman joined LIN's former parent in 1988 as President
of Television and was named CEO of Television in June 1994 and
Chairman in August 2000. He was the Joint Board Chairman of the
National Association of Broadcasters from 1991 to 1993 after
serving on the Board of Directors since 1987 and Chairman of the
Television Board from 1989 to 1991. Gary was Chairman of the Board
of The Association for Maximum Service Television (MSTV) from
2000-2005. About LIN TV LIN TV Corp. is the owner and operator of
30 television stations in 18 mid-sized markets in the U.S. and
Puerto Rico. The Company owns approximately 20% of KXAS-TV in
Dallas, Texas and KNSD-TV in San Diego, California through a joint
venture with NBC, and is a 50% non-voting investor in Banks
Broadcasting, Inc., which owns KWCV-TV in Wichita, Kansas and
KNIN-TV in Boise, Idaho. LIN is also a 1/3 owner of WAND-TV, the
ABC affiliate in Decatur, Illinois, which it manages pursuant to a
management services agreement. Financial information and overviews
of LIN TV's stations are available on the Company's website at
www.lintv.com.
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