According to a report by The Wrap, negotiations are in place to make former Disney CEO Michael Eisner chairman for the bankrupt Tribune Co., parent company of the Los Angeles Times. Official camps aren’t commenting, but The Wrap apparently has a source on the inside, known only as “the person.”
“Right now, it’s going to be Eisner,” the person said. “The lenders are going to try to take the company. It’s the only way they are going to get some of their money. But they’re not ready yet.”
Eisner’s guardian angel in negotiations is his close friend John Angelo, one of the creditors who are poised to take control of the company from the current board of directors and management.
The announcement could come as early as next week, after the Labor Day holiday, the person said.
Are we the only ones fantasizing about a Los Angeles Times-themed amusement park? Er, probably.