Advertisement
YOU ARE HERE: LAT HomeCollectionsRandy Michaels
IN THE NEWS

Randy Michaels

FEATURED ARTICLES
BUSINESS
November 23, 2011 | By Michael Oneal
Tribune Co. agreed to pay former chief executive Randy Michaels $675,000 in a settlement stemming from his abrupt resignation from the company Oct. 22, 2010. The company, which owns the Los Angeles Times, KTLA-TV Channel 5, the Chicago Tribune and other media properties, will also cover $50,000 in Michaels' legal fees, according to documents filed Tuesday in U.S. Bankruptcy Court in Delaware. Michaels, who resigned under pressure after news reports alleging he created a sexually charged "frat house" atmosphere in the corporate suite of the bankrupt media company, had demanded that he receive $900,000, the prorated potion of his planned 2010 management incentive bonus.
ARTICLES BY DATE
BUSINESS
November 23, 2011 | By Michael Oneal
Tribune Co. agreed to pay former chief executive Randy Michaels $675,000 in a settlement stemming from his abrupt resignation from the company Oct. 22, 2010. The company, which owns the Los Angeles Times, KTLA-TV Channel 5, the Chicago Tribune and other media properties, will also cover $50,000 in Michaels' legal fees, according to documents filed Tuesday in U.S. Bankruptcy Court in Delaware. Michaels, who resigned under pressure after news reports alleging he created a sexually charged "frat house" atmosphere in the corporate suite of the bankrupt media company, had demanded that he receive $900,000, the prorated potion of his planned 2010 management incentive bonus.
Advertisement
BUSINESS
December 20, 2007 | Michael A. Hiltzik and Thomas S. Mulligan, Times Staff Writers
Randy Michaels, a veteran broadcasting executive with long-term ties to Sam Zell, will play an important role at Tribune Co. after Zell, as expected, takes over as chairman this week, people close to the company said Wednesday. Michaels' is the first name to surface as Zell begins assembling his management team. A company source said Michaels would probably focus on Tribune's broadcast and interactive businesses.
BUSINESS
November 2, 2010 | By Phil Rosenthal and Steve Mills
In the wake of last month's resignation of Tribune Co. Chief Executive Randy Michaels, some other top-level executives are headed out the door. Tribune Interactive President Marc Chase, Senior Vice President and Chief Operating Officer Jeff Kapugi and Executive Vice President Carolyn Gilbert ? longtime associates of Michaels ? are leaving the company, according to people familiar with the situation. Gilbert and Kapugi confirmed their departures from Tribune's digital division Monday.
BUSINESS
October 22, 2010 | Los Angeles Times Staff Writer
Tribune Co. late Friday filed a revised plan to emerge from Chapter 11 bankruptcy proceedings that would keep the firm intact and slash its debt. Under the proposal, Tribune's creditors would share ownership of the Chicago-based company, which owns the Los Angeles Times, the Chicago Tribune, KTLA-TV Channel 5 and other media properties, the company said in a news release. In the filing, the company said it expected its operating cash flow to rise this year to $617 million, up $123 million from 2009.
BUSINESS
March 12, 2008 | Thomas S. Mulligan, Times Staff Writer
Tribune Co., parent of the Los Angeles Times, Tuesday announced that it had hired radio veteran Lee Abrams as its first-ever chief innovation officer, "responsible for innovation across Tribune's publishing, broadcasting and interactive divisions." Abrams, 55, was senior vice president and chief creative officer at XM Satellite Radio Holdings Inc., where he developed shows featuring the likes of Bob Dylan, Snoop Dogg, Willie Nelson, Quincy Jones and Wynton Marsalis. In a long career, he helped pioneer FM radio's successful album-oriented rock format, in which stations would play a half-dozen or more songs from an album rather than just the one or two that had been released as singles.
BUSINESS
December 21, 2007 | Thomas S. Mulligan and Meg James, Times Staff Writers
The new chairman has vowed to 'rearrange' the staid Tribune Co. for the 21st century. But how? For starters, he brought five fresh faces onto the board to replace what he called 'burghers' from Chicago's business and social elite. He gave the maverick owner of the Las Vegas Sun and Vegas.com a stake in the business. And his chief broadcast deputy inked a deal with another TV station group. That was Day 1. -- -- Tribune Co.'s historic $8.
BUSINESS
October 23, 2010 | By Michael Oneal and Phil Rosenthal, Los Angeles Times Staff Writers
Randy Michaels has resigned as chief executive of Tribune Co. in the wake of complaints about behavior deemed improper by the board of directors. He will be replaced by a four-member executive council, which will be charged with stabilizing the company while it struggles to exit bankruptcy protection after almost two years of stop-and-start negotiations with creditors. Ads by Google Leadership StylesLearn Business Leadership Styles at Azusa Pacific. Find out more today! www.APU.edu Verizon Official SiteBusiness High Speed Internet As Low As $24.99/Month & Free Activation!
BUSINESS
December 3, 2009 | Phil Rosenthal
Randy Michaels was named chief executive of Tribune Co., succeeding Sam Zell, who remains chairman of the Chicago media concern that has been operating under Chapter 11 bankruptcy protection for nearly a year. Michaels, 57, joined Tribune's executive ranks when Zell took the company private in a debt-heavy December 2007 transaction, and became its chief operating officer half a year later. With his elevation to chief executive, Michaels also will join the Tribune board of directors.
BUSINESS
October 19, 2010 | By Michael Oneal and Phil Rosenthal
Tribune Co.'s board is preparing for the possible departure of embattled Chief Executive Randy Michaels, sources close to the situation said, and will explore his fate at a board meeting Tuesday. The sources said it was probable the board would conclude that Michaels had been too tarnished by the recent resignation of Lee Abrams, one of his top lieutenants, as well as a critical front-page New York Times story, to continue his tenure. A source said the board had discussed succession issues and a separation agreement for Michaels.
BUSINESS
October 23, 2010 | By Michael Oneal and Phil Rosenthal, Los Angeles Times Staff Writers
Randy Michaels has resigned as chief executive of Tribune Co. in the wake of complaints about behavior deemed improper by the board of directors. He will be replaced by a four-member executive council, which will be charged with stabilizing the company while it struggles to exit bankruptcy protection after almost two years of stop-and-start negotiations with creditors. Ads by Google Leadership StylesLearn Business Leadership Styles at Azusa Pacific. Find out more today! www.APU.edu Verizon Official SiteBusiness High Speed Internet As Low As $24.99/Month & Free Activation!
BUSINESS
October 22, 2010 | Los Angeles Times Staff Writer
Tribune Co. late Friday filed a revised plan to emerge from Chapter 11 bankruptcy proceedings that would keep the firm intact and slash its debt. Under the proposal, Tribune's creditors would share ownership of the Chicago-based company, which owns the Los Angeles Times, the Chicago Tribune, KTLA-TV Channel 5 and other media properties, the company said in a news release. In the filing, the company said it expected its operating cash flow to rise this year to $617 million, up $123 million from 2009.
BUSINESS
October 19, 2010 | By Michael Oneal and Phil Rosenthal
Tribune Co.'s board is preparing for the possible departure of embattled Chief Executive Randy Michaels, sources close to the situation said, and will explore his fate at a board meeting Tuesday. The sources said it was probable the board would conclude that Michaels had been too tarnished by the recent resignation of Lee Abrams, one of his top lieutenants, as well as a critical front-page New York Times story, to continue his tenure. A source said the board had discussed succession issues and a separation agreement for Michaels.
BUSINESS
December 3, 2009 | Phil Rosenthal
Randy Michaels was named chief executive of Tribune Co., succeeding Sam Zell, who remains chairman of the Chicago media concern that has been operating under Chapter 11 bankruptcy protection for nearly a year. Michaels, 57, joined Tribune's executive ranks when Zell took the company private in a debt-heavy December 2007 transaction, and became its chief operating officer half a year later. With his elevation to chief executive, Michaels also will join the Tribune board of directors.
BUSINESS
March 12, 2008 | Thomas S. Mulligan, Times Staff Writer
Tribune Co., parent of the Los Angeles Times, Tuesday announced that it had hired radio veteran Lee Abrams as its first-ever chief innovation officer, "responsible for innovation across Tribune's publishing, broadcasting and interactive divisions." Abrams, 55, was senior vice president and chief creative officer at XM Satellite Radio Holdings Inc., where he developed shows featuring the likes of Bob Dylan, Snoop Dogg, Willie Nelson, Quincy Jones and Wynton Marsalis. In a long career, he helped pioneer FM radio's successful album-oriented rock format, in which stations would play a half-dozen or more songs from an album rather than just the one or two that had been released as singles.
BUSINESS
December 21, 2007 | Thomas S. Mulligan and Meg James, Times Staff Writers
The new chairman has vowed to 'rearrange' the staid Tribune Co. for the 21st century. But how? For starters, he brought five fresh faces onto the board to replace what he called 'burghers' from Chicago's business and social elite. He gave the maverick owner of the Las Vegas Sun and Vegas.com a stake in the business. And his chief broadcast deputy inked a deal with another TV station group. That was Day 1. -- -- Tribune Co.'s historic $8.
Los Angeles Times Articles
|