Shareholder Sues Tribune Directors, Chairman Over Spurned Gannett Bid

A Tribune Publishing investor sued the media company's directors and Chairman Michael Ferro for spurning an $864 million buyout offer from Gannett and seeking a cash infusion from a billionaire health-care entrepreneur.Tribune's board members are seeking to unfairly entrench themselves by taking steps to ward off the $15-a-share bid from Gannett, the largest U.S. newspaper publisher, Capital Structures Realty Advisors said in a complaint made public Thursday in Delaware Chancery Court. The lawsuit was filed on behalf of Tribune and its investors.The owner of the Los Angeles Times and Chicago Tribune rejected Gannett's second offer on May 23, calling it "clearly inadequate," even though it was 22% more than an earlier $12.25-a-share bid made public in April. Instead, the board adopted anti-takeover measures to wrongfully thwart Gannett's efforts, according to Capital Structures. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2016-06-03 00:00:00 UTC ]
News tagged with: #media company #cash infusion #board members #taking steps

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Former HC creative director Ben North dies

Ben North, the poet and former creative director at HarperCollins, has passed away aged 49 following treatment for brain tumours. Continue reading at The Bookseller

[ The Bookseller | 2020-10-18 15:56:36 UTC ]
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Vivendi loses legal ruling as Lagardère shareholder tussle intensifies

The Paris commercial court has rejected the demand by Vivendi SE and the UK's Amber Capital for Hachette Livre parent company Lagardère SCA to hold an early extraordinary shareholders meeting. Continue reading at The Bookseller

[ The Bookseller | 2020-10-15 11:42:49 UTC ]
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DoJ Sues Author of Melania Trump Tell-All

The Department of Justice this week filed suit against Stephanie Winston Wolkoff, a former friend of first lady Melania Trump, alleging that she violated a nondisclosure agreement by publishing a tell-all book, 'Melania and Me: The Rise and Fall of My Friendship with the First Lady.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-14 04:00:00 UTC ]
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Former CIA director John Brennan takes on Trump, and doesn’t hold back

His memoir recounts his suspicions on Russia and has intriguing comments on Joe Biden. Continue reading at The Washington Post

[ The Washington Post | 2020-10-09 12:00:00 UTC ]
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Napack Elected AAP Chairman

Brian Napack, president and CEO of John Wiley & Sons, has been elected the new chairman of the Association of American Publishers. Napack, who had been vice-chairman since the beginning of 2020, succeeds John Sargent. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-30 04:00:00 UTC ]
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Garnons-Williams appointed Fig Tree publishing director

Helen Garnons-Williams is leaving HarperCollins to join Penguin General as publishing director for Fig Tree. Continue reading at The Bookseller

[ The Bookseller | 2020-09-22 14:02:50 UTC ]
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Third of Pearson's shareholders vote against CEO's £7.2m pay package

Former Disney chairman Andy Bird is to take up job at education publishing group in OctoberPearson has suffered a significant shareholder revolt against controversial changes to its remuneration policy, which will grant its new chief executive a multimillion-dollar pay package.Almost a third of... Continue reading at The Guardian

[ The Guardian | 2020-09-18 14:02:55 UTC ]
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Parneshia Jones Named Director of Northwestern University Press

Parneshia Jones, an 18-year veteran at Northwestern University Press, most recently serving as trade editorial director, was named director. She is the first Black person in the press's 127-year history to hold that position. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-11 04:00:00 UTC ]
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Sue Miller’s ‘Monogamy’ interrogates what it means to be faithful over the course of a long marriage

Miller’s skillfulness turns a familiar plot into an original story that reflects the real-life complexity of relationships. Continue reading at The Washington Post

[ The Washington Post | 2020-09-09 12:00:00 UTC ]
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Sky falls on Tony Abbott as News Corp columnist urges him to sue for defamation | The Weekly Beast

Sky News UK host calls former Australian PM a ‘homophobic misogynist’. Plus: David Gonski’s remarkable revelation about Rupert Murdoch They may share a name but there is nothing similar about Sky News UK and Sky News Australia, at least where Tony Abbott is concerned.The Australian Sky is wholly... Continue reading at The Guardian

[ The Guardian | 2020-09-04 01:09:29 UTC ]
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Lucy Pearse joins S&S Children's as editorial director for fiction

Lucy Pearse is to join Simon & Schuster Children's as editorial director for fiction this autumn.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-02 03:18:25 UTC ]
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OUP appoints Lisa Attenborough as group communications director

Oxford University Press has appointed Lisa Attenborough as its new group communications director. Continue reading at The Bookseller

[ The Bookseller | 2020-09-02 03:02:21 UTC ]
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Trexler Named Interim CBLDF Executive Director

The Comic Book Legal Defense Fund has appointed Jeff Trexler its interim director, effective immediately. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-08-13 04:00:00 UTC ]
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Tribune closing 5 newsrooms including NY Daily News

Tribune Publishing Company says it's closing the newsrooms of five newspapers including The Daily News in Manhattan, the Orlando Sentinel and The Capital Gazette in Annapolis, Maryland Continue reading at ABC News

[ ABC News | 2020-08-12 23:24:40 UTC ]
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SFF authors are protesting Saudi Arabia’s cynical bid to host the 2022 WorldCon.

The science fiction world is having a bit of a week. Today, New Zealand, the host of this year’s World Science Fiction Convention (WorldCon), virtually kicked off one of the world’s most popular sci-fi events. New Zealanders had been preparing for the international convention, which normally... Continue reading at Literrary Hub

[ Literrary Hub | 2020-07-29 17:44:32 UTC ]
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Lisa Lucas stepping down as executive director of the National Book Foundation

Lisa Lucas is stepping down as executive director of the National Book Foundation to become Senior Vice President & Publisher of Pantheon and Schocken Books. According to a press release from the NBF Lucas, who took over the ED role in 2016, …was instrumental in securing a $900,000 grant... Continue reading at Literrary Hub

[ Literrary Hub | 2020-07-15 13:10:05 UTC ]
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NY Mag Hires Editorial Director for Audio, Promotes 3 Others

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1511205296876-0'); }); The post NY Mag Hires Editorial Director for Audio, Promotes 3 Others appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2020-07-08 16:00:39 UTC ]
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Wayne State U Press Appoints New Director

Wayne State University Press, which endured three weeks of internal chaos in February after three senior employees were fired but later reinstated, announced that Stephanie Williams has been appointed director. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-07-08 04:00:00 UTC ]
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Under Newly Elected Chairman, Ebony Board Ousts CEO

The board of directors at Ebony has removed CEO Willard Jackson, the magazine said Sunday, citing an ongoing independent investigation into "a number of transactions that Jackson led." A co-founder and vice chairman of Clear View Group (CVG), the private equity firm that acquired Ebony from... Continue reading at Folio Magazine

[ Folio Magazine | 2020-07-06 17:59:58 UTC ]
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