Tribune Company Taps Eddy Hartenstein as President and CEO

Newly appointed boss will oversee all operations as company emerges from Chapter 11

Last Updated: May 6, 2011 @ 1:02 PM

The Tribune Company announced on Friday that Eddy Hartenstein has been named the new president and CEO of the company, which is preparing to emerge from Chapter 11 bankruptcy. Hartenstein will assume his new position, which will entail overseeing all of the company's operations, effective immediately.

Hartenstein has been serving as co-president of the company and a member of its Executive Council for the past seven months. He has also served as the publisher and chief executive officer of Los Angeles Times Communications since August 2008, and will continue to do so, with the assistance of newly appointed president and chief operating officer of the Times, Kathy Thomson.

Also read: "'Frat Boy' CEO Randy Michaels Out at Tribune"

In making the announcement, Tribune chairman Sam Zell called Hartenstein "a gifted executive—he knows our operations, understands how technology is changing the media industry, and can help the company capitalize on those changes to continue achieving meaningful financial results.”

Read Tribune's full press release below.

TRIBUNE NAMES EDDY HARTENSTEIN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

CHICAGO, May 6, 2011—Tribune Company today announced that its board of directors has appointed Eddy Hartenstein as president and chief executive officer, effective immediately. He will be responsible for overseeing all of the company’s operations. Hartenstein has served as co-president of the company and a member of its Executive Council since last October.

“The board feels strongly that it is in Tribune’s best interests to have one person providing strategic vision and day-to-day direction for the company and its employees as we prepare to emerge from the Chapter 11 process,” said Sam Zell, Tribune’s Chairman. “Eddy is a gifted executive—he knows our operations, understands how technology is changing the media industry, and can help the company capitalize on those changes to continue achieving meaningful financial results.”

Hartenstein will continue to serve as publisher and chief executive officer of Los Angeles Times Communications, LLC, a position he has held since August, 2008. He will be assisted in these tasks by Kathy Thomson, appointed today to the newly created position of President and Chief Operating Officer of The Times.

“Tribune’s unique mix of broadcasting, publishing and digital assets, along with its forward-
looking technology group, positions the company well for success,” said Hartenstein. “I’m also being given the honor of overseeing tremendously talented, experienced employees who, along with our assets and the high quality of our news-gathering organizations, give us important competitive advantages in the media industry.”

The four-member Executive Council, which has exercised the responsibilities of the Office of the Chief Executive and President since October, 2010, has been dissolved. Going forward, the Council’s other members will focus on their primary responsibilities—Don Liebentritt as Chief Restructuring Officer, Nils Larsen as Chief Investment Officer and Chairman of Tribune Broadcasting, and Tony Hunter as President, Publisher and CEO of Chicago Tribune Company, with oversight responsibility for Tribune’s six mid-market newspapers.

“Don, Nils and Tony are extremely talented and it has been a privilege to work closely with them on the Council,” said Hartenstein. “I will be looking for additional ways to tap into their
abilities, experience and commitment to the company as we move ahead.”

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TRIBUNE is one of the country’s leading multimedia companies, operating businesses in
broadcasting, publishing, and interactive. The company’s broadcasting group operates 23
television stations, WGN America on national cable and Chicago’s WGN-AM. In publishing,
Tribune’s leading daily newspapers include the Los Angeles Times, Chicago Tribune, The
Baltimore Sun, Sun Sentinel (South Florida), Orlando Sentinel, Hartford Courant, The Morning Call and Daily Press. Popular news and information websites complement Tribune’s print and broadcast properties and extend the company’s nationwide audience.