A group of former publishers, executives and editors of the Tribune Co. and Times Mirror Co. filed suit Thursday against major shareholders who benefited from the $8.2 billion takeover of the media conglomerate. The group is seeking to recover $109 million in retirement benefits that were stripped after the company that publishes the Los Angeles Times and the Chicago Tribune filed for bankruptcy in the wake of the buyout, which had enriched some shareholders. The buyout deal in 2007 “lined the pockets of certain Tribune insiders and controlling shareholders with billions of dollars” while rendering Tribune insolvent, or nearly so, according to a copy of one of the lawsuits. Read full article > >

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Former Tribune, Times Mirror executives, editors sue shareholders

Sam Zell, the chairman of Tribune, personally urged the controversial chief executive to step down after he became a dark sideshow to his company’s struggles.

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Tribune Company Ousts Randy Michaels as Chief

The controversial chief executive of Tribune resigned Friday and will be replaced by an executive council.

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Media Decoder: Randy Michaels Ousted at Tribune Company

Cleaning up at the Tribune Co. starts at the top: The board of directors is expected to oust CEO Randy Michaels on Tuesday, just days after it fired its chief innovation officer for sending randy memos to the staff. Michael took over the company in…

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Tribune Co. to Oust CEO

Randy Michaels, the controversial chief executive of the Tribune Company, is expected to be asked to resign.

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Tribune Board Said Ready to Oust Chief Executive

For the Tribune Co.’s Lee Abrams, “indefinite” means two days. The company’s Chief Innovation Officer, who earlier this week sent a companywide e-mail containing inappropriate sexual references, and was put on indefinite unpaid leave-and resigned two…

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Tribune Co.’s Lee Abrams Resigns

Innovation at The Tribune Co. may have gone a bit too far. After Chief Innovation Officer Lee Abrams sent an offensive memo to the entire newsroom-which included a link labeled “Sluts,” taking readers to a racy Onion parody-the company has suspended…

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Tribune Co. Suspends Exec Over Memo

Sam Zell and his executives at the Tribune Company may be as bankrupt morally as they are financially: According to a New York Times article about the struggles of the Tribune Company under Zell, executive Randy Michaels, a former shock jock and the…

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The Tribune Company’s Sleazy CEO

Under Sam Zell, the Tribune Company was bankrupted by its debt, and interviews with employees suggest a profane and alienating workplace.

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At Flagging Tribune, Tales of a Bankrupt Culture