When Tribune Co. finally emerges out of bankruptcy, it’s going to need someone to lead the company once it’s “reorganized”…. and it looks like creditors are considering former Disney CEO Michael Eisner.
The L.A. Times reports Tribune’s largest creditors are in preliminary talks with prospective candidates to replace Sam Zell as chairman of the company and Eisner, who left Disney in 2005, is one of them. Discussions about new management are strictly exploratory, since senior creditors can’t make changes until a plan is in place allowing Tribune to exit its 2-yr legal mess.
Tribune owns and operates 23 major market TV stations, including L.A.’s KTLA-5 and Chicago’s WGN. It also owns 12 newspapers, including the L.A. Times, the Chicago Tribune, the Sun-Sentinel and Spanish-language weeklies Hoy in L.A. and Chicago.