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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John Murray acquires Bodleian director's history of knowledge

John Murray is to publish Burning the Books: A History of Knowledge Under Attack by Richard Ovenden, director of Oxford’s Bodleian Libraries. Continue reading at The Bookseller

[ The Bookseller | 2020-05-27 22:22:06 UTC ]
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AAP bid: consumer watchdog warns Nine and News Corp against any attempt to block sale

Exclusive: ACCC chair says any ‘inappropriate impediments to sale’ would ‘raise concerns’, as consortium puts in bid for newswire serviceThe chair of the competition and consumer watchdog, Rod Sims, says any attempt by News Corp and Nine to block a potential sale of Australian Associated Press... Continue reading at The Guardian

[ The Guardian | 2020-05-24 03:58:08 UTC ]
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PRH field sales director Faiers retires, Dougall steps up

PRH UK field sales director John Faiers is retiring after a 33-year publishing career, while Elspeth Dougall will step up to a new role following his departure. Continue reading at The Bookseller

[ The Bookseller | 2020-05-18 14:38:31 UTC ]
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Obituary: PRH Contracts Director Bill Shannon Dies at 57

Bill Shannon, contracts director for the Knopf Doubleday Publishing Group, died May 9 after an extended illness from complications of kidney cancer. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-13 04:00:00 UTC ]
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Catford joins Hodder Education as UK field sales director

Hodder Education has appointed Sean Catford, formerly of Pearson, as its UK field sales director. Continue reading at The Bookseller

[ The Bookseller | 2020-05-06 13:36:15 UTC ]
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Macmillan Children's hires Pearson and Timms as publishing directors

Macmillan Children’s Books has appointed Egmont's Nicole Pearson and Little Tiger's Barry Timms to new publishing director roles in its expanding Preschool, Brands and Classics division. Continue reading at The Bookseller

[ The Bookseller | 2020-05-05 14:15:14 UTC ]
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University Press of Kentucky Has New Funding, Director

The University Press of Kentucky has had its state funding restored after losing it in 2018; and in March, Ashley Runyon took over as director of the press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-30 04:00:00 UTC ]
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G/O Media Promotes Deadspin EIC Jim Rich to Editorial Director | People on the Move

[caption id="attachment_180020" align="alignright" width="150"] Jim Rich[/caption] G/O Media announced Wednesday that Deadspin editor-in-chief Jim Rich has been promoted to editorial director across the company's entire portfolio, which also includes sites like The A.V. Club, Gizmodo, Kotaku,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-22 19:47:03 UTC ]
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In Sue Monk Kidd’s ‘The Book of Longings,’ Jesus has a wife — and behold, she’s so woke!

Kidd has written a novel about Jesus’s wife that reduces Jesus to a really sweet guy with gorgeous eyes. Continue reading at The Washington Post

[ The Washington Post | 2020-04-21 15:58:55 UTC ]
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Holly Harris to join Simon & Schuster as non-fiction publishing director

Holly Harris is to join Simon & Schuster UK as publishing director in the non-fiction adult publishing division. Continue reading at The Bookseller

[ The Bookseller | 2020-04-14 07:50:08 UTC ]
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Alternate Histories and Silenced Women: Sue Monk Kidd on Her New Novel The Book of Longing

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[ Literrary Hub | 2020-04-09 17:30:46 UTC ]
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Gannett Names Former We Company, Time Warner Executive as Chief Financial Officer

Gannett, the owner of USA TODAY and more than 260 other daily publications, appointed a new chief financial officer as Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-04-08 17:34:12 UTC ]
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Virtual events now a mainstay, says Midas director Georgina Moore

Georgina Moore, director of books and publishing at Midas, has said she will continue to use virtual events for book publicity after the present lockdown ends, arguing that they have maintained the profile of books and authors during this period, but are also good for reaching new audiences . Continue reading at The Bookseller

[ The Bookseller | 2020-04-08 09:28:39 UTC ]
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Emma Herdman to join Bloomsbury as publishing director

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[ The Bookseller | 2020-04-07 22:42:32 UTC ]
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Paul Taylor Elected a Director of Hearst

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[ Editor & Publisher | 2020-04-07 21:14:35 UTC ]
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Personal Space: Sue William Silverman on Being Fascinated with the Thing You Fear Most

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[ Literrary Hub | 2020-04-03 18:00:03 UTC ]
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GLIBA Director Larry Law's Letter on His Experience Surviving the Coronavirus

Great Lakes Independent Booksellers Association executive director Larry Law opens up in a letter to members about his experience with the new coronavirus as a public service. Law is recovering in quarantine. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Little, Brown's Rhiannon Smith promoted to editorial director

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[ The Bookseller | 2020-04-01 11:35:27 UTC ]
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Avon Books re-signs Sue Moorcroft in three-book deal

HarperCollins division Avon Books has re-signed author Sue Moorcroft in a three-book deal.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-26 17:41:45 UTC ]
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LSC Communications Prepares Bankruptcy Filing As Shareholder Revolts

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[ Folio Magazine | 2020-03-25 18:34:08 UTC ]
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