Michael Eisner, the former Walt Disney Co. chief, is in talks to lead a newly-restructured Tribune Company when that beleaguered media company emerges from bankruptcy, according to the Los Angeles Times.
It's part of a plan put forward by the company's major creditors. Tribune's bankruptcy has been contentious; on Friday, management's settlement with those creditors broke down.
In an interview with Variety on Aug. 23, the fifth anniversary of Eisner's departure from Disney, Eisner talked a bit about the Tribune Co.:
You are talking to somebody who is buying debt in the Tribune Co. The salvation of the newspaper is some kind of pay arrangement (online), which will evolve into something significant.