Eisner Rebuffs Tribune Takeover Rumors
ST. LOUIS (AP) — Former Disney CEO Michael Eisner is downplaying
reports he is being considered to head up Tribune Co. after it exits bankruptcy protection.
The 68-year-old told a St. Louis radio station on Tuesday that "somebody in the media" read more into his association with Tribune than was real.
Eisner told "The McGraw Millhaven Show" on KTRS that he had invested in Tribune debt.
Eisner is a close friend of John Angelo, co-founder of Angelo, Gordon & Co., which owns much of Tribune debt and may own part of the company after it emerges from Chapter 11.
Tribune newspapers the Los Angeles Times and the Chicago Tribune have said Eisner was being considered for a leadership role.
Eisner called Tribune "fantastic" but says that doesn't mean he'd end up running it.
(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
