Earlier this week, Media General elected Dennis FitzSimons, former CEO of the Tribune Company, as a new member of its board.
Media General is the parent company of the Richmond Times-Dispatch.
From the press release: (Read the full release here.)
“Dennis FitzSimons is a proven and innovative business leader who led a premier media company through times of outstanding growth and tough challenges. His industry knowledge and experience with the changing media landscape and the synergies of print, broadcast and online platforms will bring a valuable perspective to the Media General board’s deliberations,” said Marshall N. Morton, President and Chief Executive Officer. “We welcome his counsel as Media General continues to adapt its business model to an increasingly digital and mobile media world.”
FitzSimons was with the Tribune Company for 25 years and during his tenure as CEO he presided over a rapidly deteriorating public media company. He stepped down the day the company was purchased, in a disastrous move, by real-estate billionaire Samuel Zell. Zell took the company private.
During FitzSimons served as CEO, from 2001 – 2007. When Zell purchased the company it was an estimated $13 billion in debt, according to the New York Times.
Read the full article here.
Earlier this week, Media General elected Dennis FitzSimons, former CEO of the Tribune Company, as a new member of its board.
Media General is the parent company of the Richmond Times-Dispatch.
From the press release: (Read the full release here.)
“Dennis FitzSimons is a proven and innovative business leader who led a premier media company through times of outstanding growth and tough challenges. His industry knowledge and experience with the changing media landscape and the synergies of print, broadcast and online platforms will bring a valuable perspective to the Media General board’s deliberations,” said Marshall N. Morton, President and Chief Executive Officer. “We welcome his counsel as Media General continues to adapt its business model to an increasingly digital and mobile media world.”
FitzSimons was with the Tribune Company for 25 years and during his tenure as CEO he presided over a rapidly deteriorating public media company. He stepped down the day the company was purchased, in a disastrous move, by real-estate billionaire Samuel Zell. Zell took the company private.
During FitzSimons served as CEO, from 2001 – 2007. When Zell purchased the company it was an estimated $13 billion in debt, according to the New York Times.
Read the full article here.