In wake of "frat-gate," new board issues guidelines "rooted in integrity"

But company agrees to withhold payments for five top execs identified as potential defendants in legal claims

One week after media giant submitted proposal to get out of Chapter 11, creditors put their own plans before the court – now the bargaining begins

Follows New York Times expose of "frat boy" behavior at Tribune Tower, and resignation of executive Lee Abrams for lewd emails

Less than a week after tendering resignation, ousted exec sends e-mail to defend himself

Randy Michaels says David Carr's article is based on "distortions and rumors."

He'll move to consulting from dual post as chief revenue & sales officer and president of Tribune Broadcasting