facebook
twitter
rss
account
search
search
 

CEO has big plans for Tribune Co.

July 26, 2010 at 11:47 PM   |   Comments

NEW YORK, July 26 (UPI) -- Tribune Co. Chief Executive Officer Randy Michaels says he will reduce duplication and look for new revenue streams to help the struggling U.S. media giant.

The 163-year-old company -- which includes eight major newspapers, such as the Los Angeles Times and the Chicago Tribune, and 23 local TV stations -- is expected to complete bankruptcy proceedings this summer, the Wall Street Journal said Monday.

"For there to be a printing plant in Miami, Ft. Lauderdale and Palm Beach (Fla.) is crazy. There's too much infrastructure," Michaels, a former radio executive, told the Journal. "On the TV side, this is an industry ready to consolidate. I believe my experience in helping people look rationally at opportunities to grow their business by intelligently consolidating regionally will be very helpful."

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Amish girls allegedly lured by captors with puppy
2
Pentagon releases video of U.S. air strikes against IS
3
Ahmed Davutoglu nominated as Turkey's new prime minister
4
Ten years later: Where's 'The Scream'?
5
Kamala Harris to appeal court ruling against death penalty
Trending News
Video
x
Feedback