It would appear that everything is in place for Michael Eisner, formerly the CEO of Disney, to take over as the chairman of the Tribune Co.
TheWrap is reporting that Eisner has the support of personal friend and Tribune creditor John Angelo, who is helping him through the negotiation process. Angelo’s investment firm, Angelo, Gordon & Co, is one of two Tribune Co. creditors.
So far, Eisner and the Tribune Co. have chosen not to comment.
A formal announcement is expected next week.