Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Associated Press October 20, 2010, 7:59AM ET

Newspaper says Tribune Co. CEO plans to resign

The Chicago Tribune is reporting that the head of Tribune Co. plans to step aside by the end of the week.

Citing unidentified sources familiar with the decision, the newspaper says that CEO Randy Michaels will resign amid assertions that he fostered a sexist, "frat house" corporate culture.

The report says he is being replaced by a four-member committee, including the publishers of the Tribune and the Los Angeles Times, the company's chief investment officer and its chief restructuring officer.

Messages left with a Tribune Co. spokesman were not immediately returned.

It would be the second recent high-profile departure for Tribune, which is struggling to free itself from Chapter 11 protection. Last Wednesday, Chief Innovation Officer Lee Abrams stepped down after sending an inappropriate e-mail to staff.


BW Mall - Sponsored Links

Buy a link now!