LIN TV Announces Vincent L. Sadusky As New CEO
12 7월 2006 - 10:06PM
Business Wire
LIN TV Corp. (NYSE: TVL) today named Vincent L. Sadusky as its new
Chief Executive Officer. The Company had previously announced that
Mr. Sadusky would act as interim CEO upon the retirement of Gary R.
Chapman, which occurred Monday. Mr. Sadusky will join LIN TV's
Board of Directors and will continue to act as CFO until a
replacement is appointed. The Board expects to name a new Chairman
in the near future. The Board of Directors, represented by Peter S.
Brodsky, said, "Vince has impressed the Board with his leadership
and vision for maximizing the value of LIN's content and
distribution assets in today's evolving media environment. Those
qualities, along with his industry knowledge and experience in
growing businesses, make him the ideal CEO for LIN." "I am very
excited to lead LIN at a critical time in its history and to
continue working with our team," said Mr. Sadusky. "We have a
tremendous opportunity to drive growth at the Company by leveraging
the platform created by LIN's long tradition of operational
excellence and pursuing new initiatives in the digital age. I am
grateful to Gary Chapman for his mentoring and for building such a
great company." Mr. Sadusky had been LIN TV's Vice President, Chief
Financial Officer and Treasurer since 2004, overseeing all
financial functions and acquisitions. Prior to LIN, Mr. Sadusky was
CFO and Treasurer of Telemundo Holdings, Inc. where he was
instrumental in selling Telemundo to General Electric Corp's NBC
Broadcasting unit for $2.7 billion. Mr. Sadusky has 20 years of
business experience, including seven years with the assurance and
consulting firm Ernst & Young. Mr. Sadusky holds a MBA from the
New York Institute of Technology and a BS in accounting from Penn
State, where he was a University Scholar. 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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