Party Time at the Tribune!

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Are We Havin' Fun Yet?

Never mind that the Tribune Company was once the largest and most respected newspaper operation in the world, and a powerhouse in television and radio broadcasting. It even owned the Chicago Cubs. In recent years, it saw its fortunes waning as newspaper properties were gutted by the arrival of the Internet.

So when real estate magnate and Chicago big-wig Sam Zell arrived in 2008 with grandiose plans to turn the business around, skeptical employees and others had reason to be concerned. Zell’s handpicked CEO, Randy Michaels, a former shock-jock from Miami, had his own unique style of running the company- decidedly¬†not¬†out of the Harvard Business School playbook. Michael’s take on corporate culture might have been more suitable for Hooters than a newspaper empire, and critic have likened it to tuning the keys of the empire over to a handful of teenage year-old boys. Now what?

New York Times

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