(Reuters) - Tribune Media Co (N:TRCO), one of the largest U.S. TV station operators, said on Wednesday Chief Executive Peter Liguori would step down in March.
Liguori joined Tribune in 2013 and led the spin-off of its newspaper business into a separate company now known as Tronc Inc (O:TRNC).
"It became clear to Peter and the board that in this last year of his contract it was time to find a new CEO to run the more broadcast-centric company," Bruce Karsh, chairman of Tribune's board said.
In December, Liguori also led the sale of Tribune media data unit, Gracenote, to advertising tracking company Nielsen Holdings Plc (N:NLSN) for $560 million.
Tribune's board named director Peter Kern as interim CEO during the search process.