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(Image from article: "Tribune Co. CEO Resigns Amid Raunchy Tales")

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Tribune Co. CEO Resigns Amid Raunchy Tales

Tribune Co. CEO Randy Michaels resigned Friday amid tales of raunchy behavior as one of America's biggest media companies looked to shift attention back to its efforts to emerge from bankruptcy protection. Hours later, the company filed its latest reorganization plan in court.

Tribune Board Said Ready to Oust Chief Executive

Randy Michaels, the controversial chief executive of the Tribune Company, is expected to be asked to resign.

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