Tribune Co. CEO Michaels Resigns

Law360, New York (October 22, 2010, 7:10 PM EDT) -- Tribune Co. announced Friday that Randy Michaels had resigned as CEO, while the unsecured creditors committee in the company’s bankruptcy took another step toward pursuing claims against parties in the 2007 leveraged buyout of the media conglomerate.

Michaels has been replaced by a four-member executive council: Don Liebentritt, the company’s chief restructuring officer; Nils Larsen, chief investment officer; Tony Hunter, publisher of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.

“These appointments are designed to ensure a smooth, seamless transition of management...
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