Chicago, Ill. , USA - January 18, 2013, Chicago, Ill. , USA - Tribune Company announced that it has elected Bruce Karsh as chairman of the board and Peter Liguori as chief executive officer.
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Since 1995, Mr. Karsh has served as President and co-founder of Oaktree Capital Management, L.P., formerly Oaktree Capital Management, LLC, a Los Angeles-based investment management firm. Prior to co-founding Oaktree, Mr. Karsh was a Managing Director of the TCW Group, and the portfolio manager of its Special Credits Funds for seven years.
Prior to joining TCW, Mr. Karsh worked as Assistant to the Chairman of Sun Life Insurance Company of America and of SunAmerica, Inc., its parent. Prior to that, Mr. Karsh was an attorney with the law firm of O'Melveny & Myers. Mr. Karsh serves on the board of directors of Charter Communications, Inc. and Oaktree Capital Group, LLC. Mr. Karsh also serves as the Chairman of the Board of Directors for Duke University's investment management company.
Mr. Liguori previously served as Chief Operating Officer of Discovery Communications. Before joining Discovery in 2009, Liguori served as Chairman of entertainment for the Fox Broadcasting Company. Prior to assuming that position in 2005, Liguori was president and CEO of News Corp.'s FX Networks since 1998, overseeing business and programming operations for FX and Fox Movie Channel.
Mr. Liguori joined Fox/Liberty Networks in 1996 as senior vice president, marketing, for a new joint venture, which now includes Fox Sports Net, FX, Fox Sports World, SPEED and National Geographic Channel. Prior to joining Fox, Liguori was vice president, consumer marketing, at HBO. He also held several positions in HBO's Home Video Division, including vice president, marketing, and senior vice president, marketing.
Mr. Liguori was also a producer of the widely acclaimed independent feature film, "Big Night." Prior to HBO, he worked in advertising at Ogilvy & Mather and Saatchi & Saatchi. Mr. Liguori's board affiliations include The TOPPS Company, MGM, and Yahoo!.
The company also announced that former Chief Executive Officer Eddy W. Hartenstein will continue to serve as Publisher of the Los Angeles Times and CEO of the Los Angeles Times Media Group, and will act as special advisor to the Office of the CEO.
Since August, 2008, Mr. Hartenstein has been responsible for all aspects of print, digital and mobile operations of the Los Angeles Times, as well as those of the Los Angeles Times Media Group portfolio of properties. Hartenstein served as Tribune Company CEO from mid-2011 until 2013. Previously, he presided over the birth and growth of the satellite television industry. As a Vice President of Hughes Communications in 1981, he expanded Hughes' acquisition and deployment of commercial communications satellites which served the broadcast and cable programming industries.
In 1990, Mr. Hartenstein was named President of a Hughes-owned subsidiary founded to develop direct-to-home satellite TV service. He served as DirecTV's Chairman and CEO through 2004, when the company was sold to News Corp. He is a board member at Broadcom Corporation, City of Hope, SanDisk and Sirius XM Radio, where he also serves as non-executive chairman. In 2008 he was inducted into the Consumer Electronics Association Hall of Fame and in 2007 he received an Emmy from the National Academy of Television Arts and Sciences for Lifetime Achievement. ■