Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
Trying to pull itself out of bankruptcy, Tribune Wednesday (Sept. 8) named former general counsel Don Liebentritt chief restructuring officer, focusing on leading the media company’s restructuring efforts.
In addition, David Eldersveld was promoted to general counsel, from svp, deputy general counsel and corporate secretary.
Crippled by heavy debt after the company went private in 2007, Tribune filed for bankruptcy protection in Dec. 2008, but has never been able to complete reorganization. Recent deals imploded last month with creditors and a court appointed a mediator to facilitate negotiations.
“As we enter the next phase of our Chapter 11 process and begin working with the mediator assigned to oversee negotiations with our creditor constituencies, Don needs to devote all his attention and energy entirely to our restructuring efforts,” said Randy Michaels, CEO of Tribune.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in