Tribune appoints operating, investment executives

AP News
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Posted: Dec 10, 2009 6:05 PM

Newspaper publisher and broadcaster Tribune Co. said Thursday it named Gerry Spector its chief operating officer to oversee the company's Internet, broadcasting and newspaper operations.

The appointment was effective immediately.

As chief administrative officer since December 2007, Spector helped streamline the company, CEO Randy Michaels said in a statement.

The company, which publishes the Chicago Tribune, Los Angeles Times and other newspapers, filed for bankruptcy protection last year because of dwindling advertising revenue and a crushing debt load of $13 billion.

The company, which also operates 23 television stations, recently was granted more time to submit a reorganization plan by U.S. Bankruptcy Judge Kevin Carey in Wilmington, Delaware. That extends the period under which Tribune has exclusive rights to file a plan to Feb. 28, with the possibility of a further extension after a mid-February hearing.

Tribune Co. also said Chief Financial Officer Chandler Bigelow will add responsibilities for financial operations of the publishing division and all centralized human resources operations.

Bigelow has been with the company since 1998 and served as senior vice president and CFO since March 2008.

In addition, Nils Larsen was named chief investment officer to oversee companywide business development and investments.

Larsen joined the company in December 2008 and has helped in the company's restructuring.