McDermott remains president; Sullivan will run board
TV vet Tony Cassara is the new CEO of Young Broadcasting, the final step in a senior management reorg, the company said on Wednesday.
Cassara was already serving on the board of Young, which owns 10 local stations, half of which are ABC affiliates.
His career includes stints at Metromedia, KTLA in Los Angeles, Paramount Pictures’ TV Group and Univision, where he was a top executive under Jerry Perenchio.
“Young Broadcasting is experiencing a terrific resurgence, having emerged from bankruptcy with the best balance sheet in the industry,” Cassara said.
“I am proud to lead Young and look forward to expanding our opportunities for continued success.”
Deborah McDermott will remain as prexy of Young, with all stations continuing to report to her.
Tom Sullivan has been elected board chairman, replacing former CEO Vincent Young. Sullivan has served on the board since 2009.