Kara Swisher

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Levinsohn and Liguori Join Board of Newly Restructured Tribune Company

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Former Yahoo exec Ross Levinsohn and Yahoo director Peter Liguori will be joining the board of the Tribune Company, which will emerge from a Chapter 11 bankruptcy reorganization tomorrow.

Levinsohn most recently was interim CEO of Yahoo before the appointment of former Google exec Marissa Mayer; Liguori is a former News Corp. and Discovery Communications exec, who is also on the Yahoo board.

Both will become directors at the Chicago-based media giant as it completes a complex and contentious restructuring process, which includes new owners and directors, about $1.4 billion in loans and credit facility, and a new stock structure.

Oaktree Capital Management, Angelo, Gordon & Co. and J.P. Morgan Chase & Co. are the 165-year-old media giant’s new senior creditors.

The current CEO of the Tribune Company — which owns or operates two dozen television stations and a variety of prominent newspapers, including the Los Angeles Times, Chicago Tribune and the Baltimore Sun — is Eddy Hartenstein. But Liguori is widely expected to take over the role soon.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work