Tribune Co. has agreed to award its former CEO Randy Michaels a settlement of $675,000 following his resignation in 2010. He will also receive up to $50,000 for his legal fees, according to documents filed Tuesday in a U.S. Bankruptcy Court in Delaware — the site of the company’s greater bankruptcy suit.
The former Jacor and Tribune CEO who is now building a radio group was arrested Friday for operating a vehicle while impaired in Middletown, Ohio.
Tribune Interactive President Marc Chase, SVP-COO Jeff Kapugi and EVP Carolyn Gilbert — longtime associates of Randy Michaels, who resigned as CEO last month — are leaving the company; others are expected to follow suit.
