It is very much possible that the embattled chief of the Tribune Co named Randy Michaels has to step down from his post. The board of the firm is preparing to dismiss him from that post and will decide on his fate in the next board meeting scheduled for Tuesday.

Sources aware of the development stated that it might so happen that the board would come to a judgment and point out that Randy had been too mottled by the resignation of his top executive Lee Abrams and also for the front line story released by the New York Times. He should for that reason be allowed to continue with his term.

According to a source the board of directors has contemplated a separation agreement for Randy Michaels and also has discussed about his succession in the company.

One spokesperson of the Tribune which is based in Chicago and owns Chicago Tribune, Los Angeles Times, KTLA-TV Channel5 and other media properties denied commenting on the matter. Even Michaels could not be approached.

The move came after Lee Abrams had resigned. Lee Abrams was the chief innovation officer of the company and he came in the focal point after sending all the employees of the firm a link to a video which was termed inappropriate for its sexual content. It caused a heavy uproar within the firm.

To add fuel to the fire New York Times published a front page article blaming Michaels and his team of managers for nurturing a sexist atmosphere within the company which was humiliating for women.

It is expected that a group of senior creditors with JP Morgan Chase as the leader will be taking over Tribune Co. which had filed for Chapter 11 Protection in the month of December of 2008.