Tegna Appoints Fox Veteran Patrick Paolini as CEO Amid Nexstar Merger Legal Battle
By
Dade Hayes
FeedBagel synthesis
· 2 sourcesTegna has appointed Patrick Paolini, a 26-year Fox Television Stations veteran, as its new CEO, effective June 1. Deadline reported that Paolini, who most recently served as EVP of ad sales at Fox, will start amid ongoing litigation challenging Tegna's $6.2 billion merger with Nexstar. Variety noted that the merger is stalled due to an antitrust challenge from state attorneys general and DirecTV, and that Paolini will oversee daily operations and growth initiatives during this interim period.
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Summary
Tegna has appointed Patrick Paolini, a 26-year Fox Television Stations veteran, as its new CEO amid ongoing litigation challenging its $6.2 billion merger with Nexstar. Paolini, who most recently served as EVP of ad sales at Fox and previously managed Fox's Washington D.C. duopoly, will start on Monday. The appointment comes as Tegna works to resolve legal disputes surrounding the Nexstar merger announced last summer.
Key quotes
· 3 pulledTegna has named Fox Television Stations veteran Patrick Paolini CEO as the station group looks to resolve litigation seeking to undo its merger with larger rival Nexstar.
Paolini spent 26 years at the Fox stations, including most recently as EVP of ad sales, departing the company last week.
The new CEO will officially start on Monday, Tegna said.
