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Tribune source: Zell will be CEO
"Dennis FitzSimons has provided Tribune with outstanding leadership through a challenging environment" Tribune Co. Chairman, President and Chief Executive Dennis FitzSimons announced his resignation today, as the media company finalizes its $8.2 billion deal to go private under Chicago billionaire Sam Zell, who is expected to take over as CEO.That deal, expected to close on Thursday, will pass control of the media conglomerate to Zell, who, under a prior arrangement, will then become Tribune's board chairman.A source at Tribune said Zell will also become chief executive. A spokesman at Tribune would not confirm that. A spokeswoman for Zell could not be reached. Read more