Buried in the more sensational news that Randy Michaels resigned as Tribune CEO yesterday is the fact that a Delaware Judge is letting a group of creditors move forward with a lawsuit against chairman Sam Zell. This group of unsecured creditors contends that Zell’s Tribune buyout was a “fraudulent transfer” that primarily lined the pockets […]
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Randy Michaels to leave Tribune, crying all the way to the bank
It’s been quite the fortnight over at Tribune Tower. Almost two weeks ago NY Times media reporter David Carr dropped a bomb of a story detailing the sophomoric and sexist behavior of Tribune’s top management, led by Clear Channel’s former eternal frat-boy-in-chief, Randy Michaels. Then, almost as if on cue, Randy’s hand-picked “innovation officer” Lee […]