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Tribune Turns to Radio to Revive Empire

What You Should Have Read, April 7, 2008

Published on .

Tribune Turns to Radio to Revive Empire

The Wall Street Journal writes that real-estate magnate Sam Zell is trying to rejuvenate ailing newspaper and TV empire Tribune Co. by turning to radio. An influx of veteran executives from radio -- including several hired in recent days from Clear Channel Communications Inc., which has been buffeted by the departures -- is likely to upend Tribune's once-staid culture. Tribune has hired half a dozen radio executives since Mr. Zell took effective control of the company in a leveraged buyout in December, most prominently Randy Michaels, a former radio chief for Clear Channel Communications known for helping consolidate the radio industry as well as for wacky stunts.
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