06/21/2011 04:43 pm ET Updated Aug 21, 2011

Randy Michaels, Ousted Tribune Chief, Back In Radio

Randy Michaels, the former radio executive who was ousted from the Tribune Company last year after revelations of a boorish culture among the company's leadership, is returning to radio.

Mr. Michaels's new company, Merlin Media, has teamed with a Chicago private equity firm to buy controlling interests in three radio stations in New York and Chicago from Emmis Communications, the companies announced on Tuesday.