TEGNA Inc., based in McLean, Va, announced that it has completed the previously announced spin-off of Cars.com, creating two publicly traded companies: TEGNA, a media company with the largest broadcast group among major network affiliates in the top-25 markets; and Cars.com, a leading digital automotive marketplace.
Upon completion of the spin-off, Dave Lougee, president of TEGNA Media, was named president and CEO and joined TEGNA’s Board of Directors. Gracia Martore, president and CEO of TEGNA, retired and stepped down from the Board.
Lougee announced his executive leadership team, which includes Victoria Harker, executive vice president and chief financial officer; Lynn Beall, executive vice president and COO of Media Operations; Anne Bentley, vice president and chief communications officer; Ed Busby, senior vice president of strategy; Todd Mayman, executive vice president and chief legal and administrative officer; and, Jeff Newman, senior vice president and chief human resources officer.
Prior to becoming president and CEO, Lougee was president of TEGNA Media, where he oversaw TEGNA’s 46 broadcast stations in 38 markets. Under Lougee’s leadership, the company’s broadcast portfolio doubled after the acquisitions of Belo Corp. and six London Broadcasting stations. Lougee was named president of Gannett Broadcasting in July 2007 and previously served as executive vice president, media operations for Belo. At Belo, he also served as senior vice president; president and general manager of TV and cable operations in Seattle/Tacoma; and news director at KING in Seattle/Tacoma. Before that, Lougee was vice president, news at WRC, the NBC station in Washington DC and vice president, news director at KUSA in Denver.