UPDATE 1:30 PM: I've now had time to do some reporting of my own to put perspective on the Wall Street Journal's -- and this idea of Peter Chernin taking over Tribune Co is a real longshot.�Insiders tell me that Chernin has had one meeting with one creditor who asked him about the CEO job.�Chernin said no. Then he was asked about the chairman's job. Chernin said unlikely.�"They asked him if he would keep an open mind. He said OK," one of my sources says. "He's had�no meetings or discussions whatsoever with any other creditors,�the creditors' committee, with the board, with management, etc. And he is not part of any process now." I'm told what's happening is frankly no different than almost every media deal cooking right now where someone comes to Chernin and asks�if he would be willing to�run the company.�My insiders put the odds of Chernin taking over Tribune Co�"way below 20%". Meanwhile,�the best guess is that the�timing for change at�Tribune Co is probably February-March�at the earliest. SATURDAY 5 AM: I've been traveling only to return to some interesting news reports: now Peter Chernin is on the short list to possibly�replace Sam Zell as chairman of the�Chicago-based Tribune Co when it emerges from bankruptcy soon. 
Hollywood always knew that the former News Corp No. 2 who's now the� Fox TV and film mega-producer�had a�second act in ... Read More »Source: http://www.deadline.com/2010/10/forget-eisner-now-its-chernin-to-tribune/
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