Sam Zell didn’t waste any time as the new chairman and CEO of Tribune Company, (NYSE: TRB) hiring two senior execs and adding five directors to the board:

-- Broadcasting vet Randy Michaels, formerly CEO of Clear Channel, (NYSE: CCU) joins as EVP and CEO of Interactive and Broadcasting, while Gerald A. Spector, becomes EVP and chief administrative officer. Both report directly to Zell.  Michaels “will oversee the operations and growth strategies of a national network that includes 23 local television stations and more than 50 websites.” Michaels most recently was CEO of Local TV, LLC, the company that acquired NYTCO’s TV stations.

-- New board members include Maggie Wilderotter, chairman and chief executive officer of Citizens Communications, also on Yahoo’s (NSDQ: YHOO) board; Jeffrey S. Berg, 60, chairman and CEO, International Creative Management, Inc.; Brian L. Greenspun, 61, chairman and CEO of The Greenspun Corporation, president and editor of the Las Vegas Sun; Frank Wood, CEO, Cincinnati VC firm Secret Communications; William Pate, chief investment officer, Equity Group Investments, LLC.

The archived streaming video of Zell’s press conference is here. Release/press kit.