Eisner Says He Has No Interested In Heading Tribune
Michael Eisner has scoffed at reports that he is in line to take over the chairmanship of the Tribune Co. In an interview on KTRS in St. Louis on Tuesday, Eisner insisted that he hadn't even "thought of running" Tribune, which owns 23 television stations and a slew of newspapers that include the Chicago Tribune and the Los Angeles Times. He acknowledged that he is buying debt in The Company in the hope that it will be converted into equity when Tribune emerges from bankruptcy. Meanwhile, the website LAObserved.com on Tuesday dug up comments that Eisner made about the Tribune deal in 2007 "I saw a company that was mismanaged in the acquisition -- highly over-leveraged like everything else at that moment, but almost obscenely overleveraged. Doomed from Day One."