The Wall Street Journal reported that former News Corporation COO Peter Chernin is being sounded out by Tribune Company creditors for a major role in the company post-Chapter 11. The report came Friday as Tribune was expected to file the reorganization plan recently agreed to by most of its major creditors.
Since leaving News Corporation voluntarily in June 2009 when his contract expired, Chernin has been heading his own production company, Chernin Entertainment. According to the WSJ report, Chernin is not interested in running Tribune Company on a day-to-day basis as CEO, but is considering the idea of becoming Chairman. That post is currently held by Sam Zell, who is not expected to be kept on as a director when the new owners take over.
Former Disney CEO Michael Eisner had previously quashed rumors that he was interested in the CEO post.
Amid expectations that Randy Michaels was set to resign as Tribune Company CEO, the flagship Chicago Tribune reported that he would be replaced by a four-man office of the president until the new board is in place to hire a new CEO.