Perhaps Sam Zell realized his troubled new company needs a full-time boss, or maybe he just tired of his newspaper toys after a few months in charge. Whatever, executive VP Randy Michaels today was named Tribune Company chief executive operating officer, "responsible for all aspects of the company’s publishing, broadcasting and interactive divisions." This means that L.A. Times Publisher David Hiller now reports to Michaels, not Zell. This time there was no gag press release or frat-boy humor, just a terse announcement from Zell and a quip from Micheals that "people are saying ‘newspapers are dead'...so, naturally, I want to take on even more responsibility for our print business." WSJ, Chicago Tribune, E&P

New Zell-watching blog: Tell Zell claims to be written, anonymously, by a "loyal Los Angeles Times peon....most of the time." It parses the latest from innovation guru Lee Abrams.

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8:42 AM Fri | AEG Live, promoter of the Michael Jackson shows in London, stands to recoup a big chunk of its investment, thanks to insurance and two golden opportunities.
8:06 AM Fri | Banks were far more accommodating in 1992, the last time warrants had to be issued, and that laissez-faire stance might have delayed cutting a deal.
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TJ Sullivan | News of Michael Jackson's death -- along with about a dozen satellite trucks -- prompted a gathering outside UCLA Medical Center on Thursday.
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The "Right of Way" rewrite is underway. Collaborator Marvin Wolf has already refined the project down to two documents, including a 25-page treatment, while finding time to knock out a novel or two on the side.
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