TEGNA Hires Patrick Paolini to Serve as CEO While Legal Battle over Nexstar Deal Continues
The former Fox TV Stations executive will lead Tegna while a federal injunction keeps the $6.2 billion Nexstar deal on hold.
- Tegna Inc. named Fox Television Stations veteran Patrick Paolini CEO effective June 1 as the station group navigates litigation seeking to undo its $6.2 billion merger with Nexstar Media Group.
- DirecTV and multiple state attorneys general filed antitrust lawsuits that prompted a federal judge to issue a preliminary injunction pausing the merger earlier this month, even though the FCC approved the deal in March, creating reach to 80% of U.S. households.
- Paolini brings more than 30 years of broadcast management experience, including 26 years at Fox Television Stations, where he most recently served as EVP of ad sales, and previously spent 10 years managing WTTG and WDCA, the Fox duopoly in Washington, D.C.
- Tegna operates as a wholly owned Nexstar subsidiary but remains independent under a hold-separate order issued April 17 by the U.S. District Court for the Eastern District of California, with Paolini reporting directly to the Tegna board.
- Nexstar filed an expedited appeal of the ruling, with Guggenheim analysts noting the transaction remains materially accretive to 2026/2027 cash flow outlook even without synergies, as outgoing CEO Mike Steib concludes his tenure Friday.
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TEGNA hires Patrick Paolini to serve as CEO while legal battle over Nexstar deal continues
Patrick Paolini. (Courtesy image) The Board of Directors at local television broadcaster TEGNA has appointed long-time Fox executive Patrick Paolini to serve as the company’s Chief Executive Officer while a legal battle concerning its acquisition by Nexstar Media Group continues to play out in court. The announcement was made Tuesday in a press release, through which TEGNA affirmed that Paolini will be accountable to its Board of Directors, and …
Tegna Names Former Fox TV Exec as CEO
Tegna Inc. announced today that Patrick Paolini will be the company’s new CEO, effective June 1. Paolini will report directly to the Tegna Board of Directors. Paolini is coming in at an interesting time for the company. Nexstar Media Group closed a $6.2 billion deal to acquire Tegna in March, giving Nexstar control of Tegna’s […] The post Tegna Names Former Fox TV Exec as CEO appeared first on Cord Cutters News.
TEGNA names Patrick Paolini CEO amid Nexstar acquisition and antitrust lawsuit.
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