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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.

Under pressure, Tribune Co. to file revised restructuring plan

After 20 months and millions of dollars in attorney fees, time is running short on Tribune Co.'s campaign to control its own destiny in Bankruptcy Court.

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