Publicly, it was made
to look as though Langmyer simply chose to leave the station, effective
immediately. Privately, Langmyer and his Tribune Broadcasting bosses disagreed
about upcoming changes to the radio station. Both parties felt it was just best
to part ways. The move had been coming for some time, but it was Tribune
Broadcasting that chose the time of this exit to be today.
Tribune Company is looking to exit bankruptcy at some point
this year and turn over ownership of the media giant to a handful of creditors,
who are expected to begin to sell off portions of the company. The most
valuable asset Tribune Company has is its radio and TV division, Tribune
Broadcasting. Nils Larsen, President and CEO of Tribune Broadcasting and Sean
Compton, President of Programming and Entertainment for Tribune Broadcasting,
wish to make changes right away to make the division look leaner and more
valuable on the books. That means major cutbacks will soon be happening. Rather
than fighting against the changes, something he has done to some success for
the last few years, Langmyer chose to step aside.
Tom Langmyer came to WGN Radio in 2005, after a highly
regarded 13 year run as an executive for CBS Radio. During his time in Chicago,
the radio station experienced record revenue and profits.
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