Tribune CEO Peter Liguori is being pushed out.  

"It became clear to Peter and the board that in this last year of his contract it was time to find a new CEO to run the more broadcast-centric company," said Bruce Karsh, chairman of Tribune Media's board of directors.

The company said it will be working with headhunter Korn Ferry to identify a successor to Liguori, who has been CEO since January 2013.

Liguori plans to leave Tribune after the company reports it fourth quarter and full-year earnings.

"Following the successful completion of several financial, strategic and creative initiatives, culminating in the pending sale of Gracenote, Tribune Media is well advanced in its transformation to a more focused broadcast and cable networks company," said Liguori. "I believe that now is the ideal time for a new leader to steer today's Tribune. As curious and excited as I am about pursuing new opportunities, I am equally grateful for the achievements, commitment and integrity of this company's management team and its dedicated employees."

H/T B&C