Tribune Publishing names new CEO as 3 execs depart

CHICAGO — Tribune Publishing CEO Justin Dearborn has stepped down after nearly three years at the helm, the Chicagobased newspaper company announced Thursday.

Longtime Chicago newspaper executive Tim Knight was named CEO, effective immediately. Knight, who had served as president of the company, will also join the Tribune Publishing board.

Board member David Dreier, a former congressman, has been named chairman of Tribune Publishing, replacing Dearborn.

The company also announced the departures Thursday of Ross Levinsohn and Mickie Rosen, who served as CEO and president, respectively, of Tribune Interactive, the digital arm of Tribune Publishing.

The moves come as Tribune Publishing is engaged in a formal sale process. In December, the company terminated negotiations to sell the newspaper chain to the California-based McClatchy Co. New York-based investment firm Donerail and Dallas-based newspaper group Aim Media are working on a joint bid to buy Tribune Publishing, according to multiple sources familiar with negotiations. Tribune Publishing is the parent company of the Chicago Tribune.

Tribune Publishing also owns the Baltimore Sun; Hartford Courant; Orlando Sentinel; the New York Daily News; the Capital Gazette in Annapolis, Md.; The Morning Call in Allentown, Pa.; the Daily Press in Newport News, Va.; and The Virginian-Pilot in Norfolk, Va. The company reverted to its legacy name in October.

Dearborn, 49, joined Tribune Publishing as CEO in February 2016, three weeks after his longtime business associate, Michael Ferro, became the company’s largest shareholder and non-executive chairman. Ferro stepped down from the board last year.

Knight, 53, previously served as CEO of Wrapports, the former ownership group of the Chicago SunTimes.

Levinsohn, 55, joined Tribune Publishing in 2017 as publisher and CEO of the Los Angeles Times, which was then owned by the Chicago-based company.