More on the AA implosion--Chi. Tribune article from Sat. as posted on radio-info.com messageboard:
http://www.radio-info.com/mods/board.php?Post=200469&Board=talk
Anita Drobny will be chairwoman of the board of the new company, according to people familiar with the deal.
The purpose of the transaction is twofold: to eliminate Cohen and his partner Rex Sorensen's shares in the company, and to insulate the cash-strapped network from any debt or other obligation that Cohen may have incurred.
Looks like there's a great brawl brewing.