From the Associated Press:

Tribune Co. CEO Randy Michaels resigned Friday, pressured by tales of raunchy behavior that likened him to the ringleader of a college fraternity house.
Michaels’ decision to leave comes at a pivotal time for the troubled media company. After nearly two years operating under bankruptcy protection, Tribune Co. is drawing up a reorganization plan that it hopes to get approved by a federal judge before the end of the year.
A four-man executive committee will fill the void created by Michaels’ departure. The new bosses are Don Liebentritt, Tribune Co.’s chief restructuring officer; Nils Larsen, chief investment officer; Tony Hunter, publisher of the Chicago Tribune; and Eddy Hartenstein, publisher of the Los Angeles Times.
The Tribune and the Times are the largest newspapers owned by the company, whose holdings also include more than 20 television and radio stations. (more…)






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