Providence-based LIN TV Corp. (NYSE: TVL) has announced two additions to its board of directors, and several other changes to its senior management team:
“We are pleased to announce these important additions to our board and realignment of our management team,” Vincent L. Sadusky, LIN TV’s president and chief executive officer, said in the company’s Tuesday news release.
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Douglas McCormick has been elected to the board of directors and named non-executive chairman of the board. He previously was the chairman and chief executive officer of iVillage Inc., a leading Web site for women, which he had led from 2000 until its sale this year to General Electric’s NBC Universal unit for $600 million. McCormick also has served as president and CEO of Lifetime Television, one of the most successful cable networks.
“LIN TV’s tradition of innovation, quality programming and community commitment has the company well-positioned for the new dynamics of the communications business,” McCormick said. “I am pleased to join this world-class team.”
Mitchell Stern has been elected to LIN TV’s board of directors. Stern previously served was president and CEO of the DirecTV Group Inc., a leading digital television provider, and chairman and CEO of the Fox Television Stations Group.
“We are very fortunate to have attracted industry leaders of Doug’s and Mitch’s caliber to our board,” Sadusky said. “Their vast experience and outstanding vision will complement the strengths of our current directors.” The company’s board now will comprise eight directors.
The other changes announced yesterday were:
Gregory M. Schmidt has been named to the new position of executive vice president of digital media, responsible for non-traditional television operations including multicast, interactive and local programming. Schmidt, LIN TV’s vice president and general counsel since 1995, will work to generate new revenue opportunities by leveraging LIN TV’s existing group of top-rated television stations to develop new digital products and partnerships. He will report directly to Sadusky.
Scott Blumenthal has been promoted to executive vice president of television. He previously had been LIN TV’s co-vice president of television since 2005. Blumenthal will focus on operations for each of LIN TV’s 30 owned and operated stations, and will report directly to Sadusky.
Edward Munson has been named to the new position of vice president of station sales, responsible for all station ad sales. He previously had been LIN TV’s co-vice president of television since 2005. Munson will focus on developing new TV advertising for LIN TV-owned and -operated stations. He will report to Blumenthal.
Denise M. Parent has been promoted to vice president and general counsel. Parent had served as vice president and deputy general counsel since 1997. She will report directly to Sadusky.
The CEO spoke of each of the executives, saying: “I am excited to have Greg lead our efforts to bridge the gap between ‘old and new’ media. He has incredible experience and is widely viewed as one of the most knowledgeable individuals in the media industry.
“Scott and Ed are outstanding operators and their new positions will allow us to utilize their skills more productively, Sadusky said. “In particular, Scott will oversee TV station operations – including news, sales and network relations – and restructure our station sales organizations to emphasize business development.
“Ed will be fully focused on driving station ad sales, where he has years of successful experience, and pursue an excellent opportunity to expand the number of local advertising clients in our markets.
“Denise is a skilled attorney and valued member of our management team. I am pleased that she will assume the leadership of our legal function,” Sadusky concluded.
LIN TV Corp. owns and operates of 30 television stations in 18 mid-sized markets in the U.S. mainland and Puerto Rico. The company owns about 20 percent of KXAS-TV in Dallas and KNSD-TV in San Diego, through a joint venture with NBC; it is a 50-percent non-voting investor in Banks Broadcasting Inc., which owns KWCV-TV in Wichita, Kan., and KNIN-TV in Boise, Idaho.; and it is manager and one-third owner of WAND-TV, the ABC affiliate in Decatur, Ill. Additional information on LIN TV and its stations is available at www.lintv.com.
