Tribune Co. to ask top exec to quit: New York Times
Randy Michaels, embattled CEO of Tribune Co.
The board of directors of the Tribune Co. is expected to ask for the resignation of Randy Michaels, the company chief executive, today, according to the New York Times.
An individual who spoke on the condition of anonymity said the board had lost confidence in Michaels, the newspaper reported.
Michael's resignation would follow the weekend exit of another Tribune executive, chief innovation officer Lee Abrams, following an unpaid suspension for sending what many employees deemed an inappropriate memo to the entire company containing an Onion parody video titled "Major Slut Spill". Abrams e-mail hit Tribune inboxes just six days after a scathing story in the Times painted a picture of a "frat boy" culture propagated by Tribune management
Michaels was installed as CEO in December 2009 after serving two years as the executive vice president overseeing Tribune broadcasting and the company's interactive business. Michael came to the Tribune in 2007 after real estate magnate Sam Zell bought the publishing company in a heavily leveraged $8.2 billion deal.
Michaels had spent most of his career before that in the radio industry, starting as a disk jockey and rising to management at Jacor Communications and Clear Channel Communications.
Tribune Co., parent of the Chicago Tribune and Los Angeles Times, as well as numerous other newspapers, TV stations and websites nationwide, filed for bankruptcy in 2008.










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