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With prospects of coming out of bankruptcy soon, Tribune Co. has chosen one man to replace the four-person committee to lead the company through these times: Eddy Hartenstein
Reuters reports Tribune Co., owner of the Chicago Tribune and Los Angeles Times, filed for bankruptcy in December 2008. In the near future, however, a bankruptcy judge will decide whether the company comes out of bankruptcy.
Sam Zell, Tribune’s chairman, said, “The board feels strongly that it is in Tribune’s best interests to have one person providing strategic vision and day-to-day direction for the company and its employees as we prepare to emerge from the Chapter 11 process.”
The Los Angeles Times reports Hartenstein has appointed Kathy Thomson as president and chief operating officer of the Los Angeles Times while he will remain the publisher.