By: E&P Staff
Timothy E. Stautberg, E.W. Scripps Co.’s vice president of communications and investor relations since 1999, will become CFO of Scripps when the company splits off its newspaper, broadcast TV, and syndication businesses in July, the company announced Tuesday.
Stautberg will become CFO of a media company that will focus on its daily newspapers, broadcast television stations, their local Web brands, and the United Media subsidiary that licenses and syndicates comic strips such as “Dilbert.”
“Tim Stautberg is a key member of the Scripps management team, participating at the highest levels in our strategic planning process,” Rich Boehne, who will become Scripps president and CEO after the split, said in a statement. “He has a battle-tested understanding of what it takes to change and evolve businesses while, at the same time, continue to succeed economically.”
Stautberg, 45, will succeed Joseph G. NeCastro, who will become executive vice president and CFO of Scripps Networks Interactive Inc., the new company created from the separation transaction.
Scripps Networks will focus on national and global brands, while E.W. Scripps will focus on local media businesses. Both will be publicly traded when the separation is complete, which is expected to be by July 1.
Stautberg joined Scripps in 1990 as part of the company’s executive development program. In 1992, he began work at the Scripps’ Denver daily, the Rocky Mountain News, managing its alternate delivery subsidiary and overseeing for newsprint and circulation accounting.
He was assistant to the publisher at the Rocky from 1995 to 1997, when he was named vice president and general manager of the Record Searchlight in Redding, Calif.
He was named to his corporate communications and investor relations role at Scripps headquarters in Cincinnati in 1999.
Stautberg has a bachelor’s degree in economics from Kenyon College and a master’s degree in business administration, with a specialization in finance, from The University of Chicago.