Media 2025: STEIB, MICHAEL

Steib succeeded David Lougee, who retired in August 2024, as president and CEO, as well as a board member, of the nation’s largest owner of NBC-affiliate TV stations.

Steib, a University of Pennsylvania alumnus, came to Tegna after serving as CEO for Artsy, an online art marketplace. He’d previously served as president and CEO of XO Group (now The Knot Worldwide). Before that, he was CEO for vente-privée USA, which was the U.S. arm of French flash-sale ecommerce company Veepee.

Formed in 2015 when Gannett Co. spun off its broadcasting and digital business, Tegna has roughly 5,900 employees. With 64 television stations in 51 U.S. markets, it reaches approximately 39% of all television households nationwide. The Fortune 1000 company also owns multicast networks True Crime Network and Quest.

In February, Tegna eliminated its national Verify fact-checking team, laying off about 20 journalists and producers.

The company has announced several C-suite changes over the past year, with new chief content, experience and legal officers. Additionally, Tegna expanded Chief Growth Officer Tom Cox’s role, and Chief Operating Officer Lynn Beall is leaving in mid-2025.

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