LIN TV Corp. said earlier this week its Chairman, President and CEO Gary R. Chapman, will retire on July 10. The Providence, R.I.-based station group is on the hunt for a new CEO, however, until the company names someone new, Vincent L. Sadusky, Lin TV's vice president, CFO and treasurer, will act as interim CEO.
"I will miss working with all the great people at LIN," Chapman said this week. "This company has grown from seven to 30 television stations during my tenure and we have created leading duopoly stations in many of our markets. I am confident in our team and their ability to face the industry challenges that lie ahead. I have spent the past two years mentoring Vince Sadusky, and I know he will provide excellent leadership during this transition."
Gary Chapman joined LIN's former parent company in 1988 as president of Television and was named CEO of Television in June 1994 and chairman in August 2000. He also served as NAB Joint Board Chairman from 1991 to 1993.
Peter S. Brodsky, a member of the Board of Directors for LIN, said, "The Board would like to thank Gary for building a great company. He has developed an outstanding LIN management team, which we are confident will continue to build on the strong direction set by Gary."
