Tribune CEO Won't Seek Re-Election to Yahoo's Board

Yahoo Inc. (YHOO) on Friday said Tribune Co. (TRBAA) Chief Executive Peter Liguori won't seek re-election to the Internet giant's board of directors.

Yahoo didn't provide a reason for Mr. Liguori's impending departure, in a Securities and Exchange Commission filing.

Mr. Liguori, who also serves on Tribune's board, will continue to serve on the Yahoo board until the company's annual meeting, according to the filing.

Mr. Liguori, a veteran TV executive, has focused largely on expanding Tribune's reach in broadcast since joining the company last year.

Tribune, which emerged from bankruptcy in late 2012, is preparing to spin off the newspaper publishing group that includes the Los Angeles Times, Baltimore Sun and Chicago Tribune by midyear. In November, the company said it would eliminate around 700 jobs from the newspaper division as part of a restructuring process.

Before rising to Tribune's top post, Mr. Liguori had served as chief operating officer of Discovery Communications. His background also included executive posts with Fox Broadcasting Co. and HBO.

Write to Maria Armental at [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires