Oct 19, 2010

Randy Michaels not gone yet*

The Wall Street Journal confirms that the Tribune Co. board is debating whether to dump CEO Randy Michaels, but the paper reports that it remains unclear whether a decision will be made today.

*Update: The New York Times, which first reported Tribune Co. wanted Michaels gone, says that the board told Michaels he should resign but stopped short of demanding his resignation. Perhaps they think the company will look more stable if Michaels departs as part of some bankruptcy deal or something.

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