Sam Zell's Memo to Staff

Today we are announcing a transition in Tribune’s leadership. Acting upon my recommendation, the board of directors has appointed Randy CEO and has elected him to the board. I will continue as Tribune’s Chairman, providing strategic oversight and vision to the company’s management team.

During the last two years, we’ve achieved a seismic shift in Tribune’s focus and culture—we’re moving in the right direction and into the New Year with energy and optimism.

I have complete faith in Randy’s judgment and leadership. No one will work harder for Tribune. There is a great future ahead.

Sam

SOURCE: Gary Scott