Levinsohn and Liguori Join Board of Newly Restructured Tribune Company
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.