CEO Gary Barber told MGM’s private investors that Tribune CEO Peter Liguori left the studio’s board so he could spend more time dealing with his company. He took charge of Tribune in January. Last month the company said that it will spend $2.73B on television station owner Local TV – which Liguori called a “transformational acquisition” — and spin off its publishing assets. The seat that the former Fox and Discovery exec held has gone to another Hollywood veteran: Microsoft’s entertainment and digital media President Nancy Tellem. Barber called the former No. 2 at CBS “a great addition.” Microsoft is eager to persuade movie and TV producers to develop interactive programming that could be used with its voice- and gesture-controlled Xbox One game console. Barber announced the change in a conference call to discuss MGM’s Q2 earnings.
By DAVID LIEBERMAN, Financial Editor | Wednesday August 14, 2013 @ 4:24pm EDTTags: MGM, Nancy Tellem, Peter Liguori
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