Tribune deal is complete, Zell is now chairman and CEO

Tribune Company completed its going-private transaction on Monday, making Sam Zell chairman of the board and chief executive officer. Tribune Co. announced its plans to go private on April 2.
"We have a tremendous opportunity to take the great brands of Tribune Company, and the enormous talent within the company, to a new level," said Zell. "Tribune, along with the newspaper industry, has been mired in its monopolistic origins, and we intend to create a fresh, entrepreneurial culture that is fast and nimble, and which rewards innovation. Our goal is to provide a sustainable, relevant product for our customers and communities."
In addition to Zell, Tribune's board of directors will include the following:
*Jeffrey S. Berg, 60, chairman and chief executive officer of International Creative Management, Inc.
* Brian L. Greenspun, 61, chairman and chief executive officer of The Greenspun Corporation, and president and editor of the Las Vegas Sun.
* William C. Pate, 44, chief investment officer of Equity Group Investments, LLC.
* Maggie Wilderotter, 52, chairman and chief executive officer of Citizens Communications.
* Frank E. Wood, 65, chief executive officer of Secret Communications, LLC, a venture capital company in Cincinnati.
* William A. Osborn and Betsy D. Holden each have been re-elected to serve on Tribune’s board.
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