Times Mirror Board Loses 4 Members
LOS ANGELES (AP) _ The Times Mirror Corp. said it is losing four board members who helped steer its flagship newspaper, the Los Angeles Times, during an unprecedented period of growth and success.
Otis Chandler, a member of the Times Mirror’s founding family who ran the company and the Times, will retire at the company’s annual meeting May 7, along with Robert F. Erburu, David Laventhol and Harold Williams.
Mark Willes, the company’s chief executive, president, chairman and Times publisher, does wish to streamline the board from 17 members to 12, company spokeswoman Martha Goldstein said Monday. But she said the retirements were not forced.
``Mark Willes said we will replace only one position at the appropriate time, but we will shrink the board because a smaller board allows for more interactive discussions,″ she said.
Chandler, who was chairman of the board until 1991, is credited with bringing the Times a national reputation for excellence in journalism and guiding it to great corporate growth. He is 70, the age at which board members traditionally retire, Ms. Goldstein said.
Laventhol, 64, the company’s editor-at-large, was publisher of the Times under Chandler. He said his decision adhered to a company policy that inside directors leave the board after leaving the company. Laventhol will end his run as editor-at-large for Times Mirror on Aug. 1.
Erburu, 67, who joined Times Mirror in the early 1960s, served as president, chairman of the board and chief executive officer of the Times. He said he wants to pursue other interests.
Williams, 70, is an outside board member and former chief executive of the J. Petty Getty Trust.
Ms. Goldstein denied that the retirements reflected a power struggle among members of the Chandler family or that Willes forced the decision. Chandler, however, has acknowledged past disagreements with relatives on the board over management of the Times.