Michael Eisner, the former Walt Disney Co. chief, is in talks to lead a newly-restructured Tribune Company when that beleaguered media company emerges from bankruptcy, according to the Los Angeles Times.
It’s part of a plan put forward by the company’s major creditors. Tribune’s bankruptcy has been contentious; on Friday, management’s settlement with those creditors broke down.
You are talking to somebody who is buying debt in the Tribune Co. The
salvation of the newspaper is some kind of pay arrangement (online),
which will evolve into something significant.