Tegna Inc. Plans To Spin Off Cars.com

9/8/16

McLean-based Tegna Inc. plans to spin off Cars.com, its online automotive marketplace, as a separate publicly traded company.

Gracia C. Martore, Tegna’s president and CEO, plans to retire when the spinoff is completed next year.

She will be succeeded by Dave Lougee, the president of Tegna Media, which oversees the 46 television stations the company owns or services.

Alex Vetter, the head of Cars.com, will be president and CEO of the new independent company.

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