LIN TV Announces Departures of CFO and EVP Digital Media
23 7월 2008 - 9:53PM
Business Wire
LIN TV Corp. (NYSE:TVL) today announced that its Senior Vice
President and Chief Financial Officer, Bart Catalane, has decided
to relocate back to the New York area, where his family is based,
to become Chief Financial Officer of webloyalty.com. Mr. Catalane
joined LIN TV in November 2006 and his last day is anticipated to
be August 20, 2008. A search for a new Chief Financial Officer has
been initiated and, in the interim, the strong team that comprises
the office of the Chief Financial Officer will continue to perform
all day-to-day activities. LIN TV�s President and Chief Executive
Officer, Vincent Sadusky, who held the position of Chief Financial
Officer and principal financial officer for LIN TV from 2004 to
2006, will reassume Chief Financial Officer duties during the
interim period, in addition to performing his duties as President
and Chief Executive Officer. Mr. Catalane said, �It�s been a
privilege to serve Vince and the LIN TV Board of Directors. I leave
knowing that the management team, strategic position and direction,
and balance sheet are among the strongest in the TV broadcast
industry.� Gregory Schmidt, LIN TV�s Executive Vice President
Digital Media since 2006, is leaving the Company effective August
15, 2008, to become Chief Executive Officer of Global Translation,
Inc., a company in which LIN TV has an investment. Mr. Schmidt
joined LIN TV in 1995 as Vice President of New Development, General
Counsel and Secretary. Commenting on his time with the Company, Mr.
Schmidt said, �Since I started working for LIN TV more than 13
years ago, I�ve watched the Company grow and evolve to compete very
effectively in the digital marketplace. LIN TV is committed to
exploring and understanding new digital technologies that will
complement its core local news product. I look forward in my new
role to partnering with LIN TV on bringing translation and related
services to their television stations.� Mr. Sadusky said, �I want
to thank Bart and Greg for their leadership and hard work. They
have made valuable contributions to the growth of our business and
we wish them well in their future endeavors. Both Bart and Greg
have assembled vibrant and hard working teams at LIN TV, and those
teams will be pursuing the financial and digital strategies that
LIN TV is committed to as a company.� Safe Harbor Statement This
press release�includes statements that may constitute
"forward-looking statements," including�statements regarding our
future plans and strategies. Forward-looking statements inherently
involve risks and uncertainties, including, among other factors,
general economic conditions, demand for advertising,�competition
for audience and programming, government regulations and new
technologies, that could cause�our actual results�to differ
materially from the forward-looking statements. Factors that could
contribute to such differences include the risks detailed in
our�periodic reports filed with the Securities and Exchange
Commission. By making these forward-looking
statements,�we�undertake no obligation to update these statements
for revision or changes after the date of this release. About LIN
TV LIN TV Corp., along with its subsidiaries, is a local television
and digital media company, owning and/or operating�29 television
stations in 17 U.S. markets, all of which are affiliated with a
national broadcast network. LIN TV�s highly-rated stations deliver
important local news and community stories, along with top-rated
sports and entertainment programming, to 9% of U.S. television
homes, reaching an average of 10 million households per week. LIN
TV is also a leader in the convergence of local broadcast
television and the Internet through its television station web
sites and a growing number of local online innovations that reach
15% of U.S. broadband households. LIN TV is traded on the New York
Stock Exchange under the symbol �TVL�. Financial information about
the company is available at www.lintv.com.
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