Michael Steib Named CEO of Tegna, Replacing Dave Lougee

Steib, with a background in NBCUniversal and Google, to lead the major local TV station group starting in August.

Dave Lougee will retire as CEO and become a senior advisor to Tegna.
Michael Steib currently serves as CEO of Artsy and has held leadership roles at XO Group, Google, and NBCUniversal.
Tegna's board also adds two new independent directors: Catherine Dunleavy and Denmark West.
Steib emphasizes the importance of local news and plans to leverage technology to enhance Tegna's services.
The company operates 64 TV stations in 54 markets, reaching 39% of U.S. television households.