As expected Randy Michaels is out as CEO of Tribune Co.
The company confirmed that Michaels was gone in a release issued late Friday. It also said it expected to file its long-awaited reorganization plan with U.S. Bankruptcy Court in Delaware before the end of the day.
Michaels is being replaced by a four-man “Executive Council.” Its members include: Don Liebentritt, Tribune’s chief restructuring officer; Nils Larsen, Tribune’s chief investment officer; Tony Hunter, president, publisher and CEO of Chicago Tribune; and Eddy Hartenstein, publisher and CEO of Los Angeles Times.
The Council, which will oversee the company’s publishing and broadcast operations, will report directly to the Tribune board of directors.
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