Tribune CEO Randy Michaels Resigning

Tribune Company CEO Randy Michaels is resigning just shy of a year at the helm of the media company.  Citing a source "close to the situation," the Chicago Tribune reported Wednesday that the exec will leave his post before the end of the week, thus avoiding an ouster by the company's board.

A four-member "office of the president" comprised of Los Angeles Times president/publisher Eddy Hartenstein, Chicago Tribune Media Group president/publisher Tony Hunter, Tribune Co. chief investment officer Nils Larsen and Tribune Co. chief restructuring officer Don Liebentritt will take over Michaels' duties.

Michaels and his management team had recently been targeted by complaints about inappropriate, misogynistic behavior. Chief innovation officer Lee Abrams was forced out last week for circulating an email titled "Sluts" with a link to a video of topless and gyrating women.