Tribune: general counsel tapped to lead company's restructuring

By Lisa Kerner

Charlotte, N.C., Sept. 8 - Tribune Co. announced that Don Liebentritt was named the company's new restructuring officer.

Liebentritt had been the company's general counsel since 2008, according to a Tribune news release.

David Eldersveld was promoted to general counsel. He had been senior vice president/deputy general counsel and corporate secretary since 2008.

Eldersveld joined the company in 2005 as senior counsel/mergers and acquisitions.

"As we enter the next phase of our Chapter 11 process and begin working with the mediator assigned to oversee negotiations with our creditor constituencies, Don needs to devote all his attention and energy entirely to our restructuring efforts," said Tribune chief executive officer Randy Michaels.

"He's intimately familiar with the process and what needs to be done to achieve a restructuring plan that can win the votes of our creditors and be approved by the court," Michaels said.

Tribune, a Chicago-based media company, filed for bankruptcy on Dec. 8, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-13141.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.