Randy Michaels, whose frat house antics and crony-laden management style turned the 150-year culture of the Chicago Tribune into a national laughingstock, appears to be on his way out as chief executive officer of Tribune Co.
The New York Times reported online late Monday night that the board of the Chicago-based media company is expected to seek Michaels’ resignation Tuesday.
Reporters David Carr and Tim Arango quoted an unidentified source who said the board “had lost confidence in the ability of Mr. Michaels to lead the troubled company.”
Carr is the same reporter who wrote the New York Times’ now-infamous front-page story Oct. 6 that detailed a “culture run amok” at Tribune Co. under Sam Zell’s ownership and Michaels’ executive leadership. “Mr.