Posted by Dale Buss on November 8, 2010 02:30 PM
What’s black and white and red in the face?
Since The New York Times ran an expose of the toxic corporate culture at Tribune Co. – owner of the Chicago Tribune, Los Angeles Times and other mega-media brands – Tribune has been falling to pieces.
Of course, Tribune has been attempting to put bankruptcy court behind them since its 2007 acquisition by real estate magnate Sam Zell. But more to the point these days is that Zell’s hand-picked CEO, Randy Michaels, seemed to have established a modus operandi at company headquarters in Chicago that only could be described as ink-stained raunch.
That led to Michaels’ recent departure, as Tribune creditors began to press for a whole new start for the company. And now, there is growing pressure for various Michaels confidants, associates and fellow travelers to leave the company as well.Continue reading...