Tribune Co., the publisher and broadcaster taken private by billionaire Sam Zell, appointed Chandler Bigelow chief financial officer. He replaces Don Grenesko, who is retiring.
Bigelow has been treasurer at Tribune, owner of the Los Angeles Times, since 2003, the Chicago-based company said today in a statement. The appointment took effect immediately, the company said.
Both executives were ``instrumental'' in the $8.2 billion transaction that took the company private in December, Tribune said. Zell led the buyout and became the company's chairman and chief executive officer. Tribune finished 2007 with $12.8 billion in debt, including $11.8 billion in long-term obligations, according to a March 20 regulatory filing (TRB:US).
As treasurer, Bigelow had responsibility for financing, cash management and retirement-fund investments. Grenesko served as chief financial officer for 17 years.
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