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Levinsohn and Liguori Join Board of Newly Restructured Tribune Company —

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Former Yahoo exec Ross Levinsohn and Yahoo director Peter Liguori will be joining the board of the Tribune Company, which will emerge from a Chapter 11 bankruptcy reorganization tomorrow.

Levinsohn was most recently was interim CEO of Yahoo before the appointment of former Google exec Marissa Mayer and Liguori is a former News Corp. and Discovery Communications exec, who is also on the Yahoo.

Both will become directors at the Chicago-based media giant as it completes a complex and contentious restructuring process, which includes new owners and directors about $1.4 billion in loans and credit facility and a new stock structure.

Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co. are the 165-year-old media giant’s new senior creditors.

The current CEO of the Tribune Company — which owns or operates two dozen television stations and a variety of prominent newspapers, including The Los Angeles Times, Chicago Tribune and the Baltimore Sun — is Eddy Hartenstein. But Liguori is widely expected to take over the role soon.


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