Sam Zell, owner of the Tribune Co., said yesterday that he plans to exit the company once it emerges from bankruptcy.
The announcement, made last night during an interview with CNBC, is not exactly a surprise. In the last two months, a series of scandals have led to the departures of chief innovation officer Read More
The dominos keep falling in Sam Zell’s Tribune Tower.
Following the ouster of Tribune Co. CEO Randy Michaels — a former shock jock caught in accusations of his company’s late-night partying and sexist work environment — three executives have announced their imminent departures, The Chicago Tribune reports. Tribune Interactive President Marc Chase, Senior Vice President and Chief Operating Read More
Bureaucratic Shuffle is a statue of a grossly porcine businessman in pinstripes and a boozy smile, six fleshy legs coiling below an engorged waist. Until early this week the statue was set prominently in the Nathan Hale Lobby of the Tribune Towers in Chicago, the building that houses Sam Zell’s media conglomerate. It was intended as Read More
Amid revelations of unprofessional office practices and the shameful departure of his hand-picked chief innovation officer, Tribune Co. CEO Randy Michaels will resign from his post and will leave the offices by the end of the week, the Chicago Tribune reports.
The New York Times reported yesterday that the board of the Read More
In the second high-level ousting of a Tribune Co. executive in a matter of days, CEO Randy Michaels will be advised by the board of directors of the company to issue his resignation, the New York Times reports.
The news comes soon after chief innovation officer Lee Abrams stepped down from his position Read More
Tribune Co. CEO Randy Michaels sent a memo to staffers announcing the suspension of chief innovation officer Lee Abrams, who brought the company some unwanted publicity this week after an email with a link to an Onion video with racy content was leaked. Jeff Bercovici has the memo.
Lee recognizes that the video was in Read More
150 reporters, editors and designers at The Los Angeles Times are packing their boxes and heading home for good this week, but out of the paper’s press department that’s not the big news at all!
Last night, John Conroy, one of their spokesmen, sent reporters an email about a new blog the newspaper’s Web site, Read More
They’ve got to be quaking in Los Angeles and Chicago.
The Times reported today that Sam Zell said yesterday on a first quarter conference call that they need significantly fewer bodies to make Tribune into a successful company. Tribune business people, led by CEO Randy Michaels, counted column inches produced by each reporter and Read More
"What has become clear as we have gotten intimately familiar with the business is that the model for newspapers no longer works," said Sam Zell in a memo he just sent out to Tribune staffers.
So everything is getting trashed and reworked! There are going to be redesigned newspapers, redesigned Web sites, redesigned business structures. Read More
