Tribune CEO Michaels resigns, four-member council to run company

Tribune's Board of Directors accepted Randy Michaels' resignation and voted to establish a four-member Executive Council to assume the responsibilities of the Office of Chief Executive and President, and to oversee the company's publishing and broadcasting operations.

The members of the Executive Council are: Don Liebentritt, Chief Restructuring Officer, Nils Larsen, Chief Investment Officer, Tony Hunter, President, Publisher and CEO of Chicago Tribune Company, and Eddy Hartenstein, Publisher and CEO of Los Angeles Times Communications LLC. In addition, Nils Larsen has been named Chairman of Tribune Broadcasting.

Jerry Kersting will continue in his role as Tribune Broadcasting President and have day-to-day responsibility for overseeing our television stations, WGN America and WGN Radio; he'll work very closely with the Council.

Gerry Spector will continue as Chief Operating Officer, reporting directly to the Council. He will provide guidance on several systems and infrastructure projects currently underway across the company. His knowledge, insight and continued participation in these projects will be invaluable. The board took this action as a way of ensuring stability and continuity for the company and its various media businesses.