Tribune Ups Randy Michaels To COO
May 7, 2008 at 1:37 PM (PT)
TRIBUNE COMPANY has promoted RANDY MICHAELS from EVP/CEO of its inteactive and broadcasts divisions to COO, responsible for all aspects of the company's publishing, broadcasting and interactive divisions. The appointment is effective immediately.
"RANDY is one of the most creative human beings I've ever known," TRIBUNE Chair./CEO SAM ZELL stated. "But he is exactly what TRIBUNE needs to keep moving forward-smart, decisive, relentless, irreverent, fun and cutting edge."
"The advertising environment is tough, the real estate crisis is affecting our classifieds something awful, and people are saying 'newspapers are dead,'" MICHAELS said. "So, naturally, I want to take on even more responsibility for our print business. Despite the problems, we have world-class brands with unlimited potential. We're in the biggest markets and print still grabs a bigger share of advertising revenue than any other medium. On the broadcasting side, our TV stations are leading the industry in growth. By using the resources and support of these amazing brands, we can also build tremendously strong interactive businesses. There is a lot of upside here."