Tribune Company to Emerge from Bankruptcy Today

Ex-Disney executive to join as board member

Tribune Co. will emerge from bankruptcy on Dec. 31 and name ex-Disney strategic planning chief Peter Murphy as a board member and advisor to reported incoming CEO Peter Liguori, according to Reuters. 

"Liguori is expected to build Tribune's TV operations, including through acquisitions," the report stated. Ligouri was an executive at News Corp's FX Network and had been the chief operating officer of Discovery Communications.