WILMINGTON (Delaware) (Reuters) - the Tribune Co, the owner of bankrupt of the Chicago Tribune and the Los Angeles Times, named Eddy Hartenstein as President and Chief Executive Officer on Friday, supported by an Executive Committee of four members.
Hartenstein will remain as Publisher and CEO of Los Angeles Times Communications LLC, a position he has held since August 2008.
Tribune, which filed for bankruptcy in December 2008, has been without a CEO since Randy Michaels resigned in October after a series of critical that enhardi embarrassing reports which said that it tolerates a sexist and hostile work environment.
The company has replaced Michaels with a Committee of four people that included Hartenstein.
The Committee has now been dissolved, the company said.
"The Commission strongly believes that it is in the best interests of forum to have a person providing strategic vision and direction on a daily basis for the company and its employees, we are prepared to emerge from the chapter 11 process," said Sam ZellPresident of Tribune.
When the company emerges from bankruptcy, it will probably be a new Council that could decide to replace Hartenstein.
In the coming months, a bankruptcy judge should choose if the company leaves bankruptcy with a plan supported by a plan backed by the company, its lenders and the official Committee of unsecured creditors or bondholders.
The plan supported by the company essentially installs a large part of legal claims on who is responsible for the bankruptcy, which came less than a year after Zell leads a debt of society that it undermined by unsustainable debts.
The plan of the rival bankruptcy would be debating these claims.
The case is In Re Tribune Co, the bankruptcy court in United States, District of Delaware, no. 08-13141.
(Report by Tom Hals, mounting by Matthew Lewis)
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