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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An Interview With the Brussels Book Fair’s New Director Marie Noble

At the Brussels Book Fair under Marie Noble's direction, 'We're not only going to flirt' with Belgium's Flemish culture, 'we're going to get married.' The post An Interview With the Brussels Book Fair’s New Director Marie Noble appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-03-12 13:09:13 UTC ]
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Breathing New Life into Old Books: PW Talks with 'The Booksellers' Director D.W. Young

We spoke to the director of a new documentary on the world of antiquarian bookselling about how the movie came about, what the future of the rare book world looks like to him, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-12 04:00:00 UTC ]
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Got $200k to spare? Why not bid on this miniature, handwritten Harry Potter book?

Do you consider yourself a hard-core Potterhead? Did you defy your Veron Dursley-esque stepfather by joining the college Quidditch team? Did a rough breakup prompt an ill-advised dalliance with Snapism? Is your work commute enlivened by the dulcet tones of the weekly MuggleCast? Have you inked a... Continue reading at Literrary Hub

[ Literrary Hub | 2020-03-11 17:04:10 UTC ]
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Changes at Little Tiger Group as Truong made group publishing director

The Little Tiger Group is bringing all of its imprints—Little Tiger, Caterpillar, Stripes and 360 Degrees—under the Little Tiger brand, with Thomas Truong promoted to the role of group publishing director. Continue reading at The Bookseller

[ The Bookseller | 2020-03-11 00:36:47 UTC ]
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At last, you can become a shareholder in a Birkin bag or a Lamborghini

Rally enables regular investors to buy and sell shares in high-end collectibles. Crafted from individually selected Nile crocodile scales in cream and gray, Hermès’s Himalaya Birkin is one of the world’s rarest handbags, fetching more than $100,000 at auction. Rally cofounder and CEO Chris... Continue reading at Fast Company

[ Fast Company | 2020-03-10 05:00:57 UTC ]
More news stories like this | News stories tagged with: #make money #recently opened #soho neighborhood #previously owned #harry potter


LBF to go ahead: 'Fair remains on schedule,' says director Jacks Thomas

London Book Fair director Jacks Thomas has confirmed that the event is still on schedule to run next week, with widespread trailers for the government’s new coronavirus action plan, to be revealed later today (Tuesday 3rd March), indicating that the government will not be recommending cancelling... Continue reading at The Bookseller

[ The Bookseller | 2020-03-03 02:00:48 UTC ]
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Orme promoted to Zaffre and Manilla Press publishing director

Bonnier Books have revealed promotions for Sophie Orme (pictured) and Claire Johnson-Creek in the editorial team taking place with immediate effect. Continue reading at The Bookseller

[ The Bookseller | 2020-02-25 19:44:22 UTC ]
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Arrow's Griffin appointed publishing director

Arrow deputy publisher Emily Griffin has been promoted to publishing director of the imprint and will also join the Cornerstone executive team. Continue reading at The Bookseller

[ The Bookseller | 2020-02-24 11:51:58 UTC ]
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Report: EBay seeking bids for Classifieds Group at activist investors' urging

EBay Inc. is making plans to sell its international classifieds arm, eBay Classifieds Group, the Wall Street Journal reported Friday, citing unnamed sources. According to the Journal, Classifieds could be worth around $10 billion. The private equity firms TPG and Blackstone Group Inc., as well... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-02-21 21:52:59 UTC ]
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Two Top Execs Stepping Down at Publisher Tribune Amid Turmoil

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-02-19 18:55:53 UTC ]
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President's Office Takes Over Wayne State U Press, Interim Director Stepping Down

Wayne State University Press remains embroiled in controversy since the firings of three senior employees. The president's office has assumed oversight for the press, and interim director Tara Reeser is stepping down. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-18 05:00:00 UTC ]
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McClatchy, Tribune, Buffett, and the need to think outside the box

On Thursday, McClatchy—the publicly-traded owner of 30 local newspapers, including the Miami Herald, the Charlotte Observer, and the Kansas City Star—filed for bankruptcy. The company will continue to operate, but is seeking relief from debt and pension obligations; if that goes to plan, it’ll... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-02-17 13:11:10 UTC ]
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2 top execs leaving newspaper publisher Tribune amid turmoil

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and navigates the ongoing shift to online media Continue reading at ABC News

[ ABC News | 2020-02-03 23:48:57 UTC ]
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Johnson met Murdoch on day he signalled general election bid

News Corp owner was the only media baron the prime minister saw in his first three monthsBoris Johnson saw Rupert Murdoch for a “social meeting” on the day he signalled his intention to seek a general election last year, according to new transparency disclosures.Johnson saw the media billionaire... Continue reading at The Guardian

[ The Guardian | 2020-01-23 20:28:52 UTC ]
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RWA President, Executive Director Resign as Publishers Drop Its Annual Conference

As of this morning, new RWA president Damon Suede has tendered his resignation, effective immediately. Executive director Carol Ritter has also offered her resignation. A number of publishers, including imprints from each of the Big Five, have all pulled support from the RWA's national... Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-01-09 05:00:00 UTC ]
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Informa Moves to Replace Longtime Chairman Derek Mapp

Informa plc announced Tuesday that it has begun the process of replacing Derek Mapp, chairman of the London-based B2B publisher and exhibitions giant since 2008, with a successor expected to be installed by the end of the year. Mapp first joined Informa's board as a non-executive director in... Continue reading at Folio Magazine

[ Folio Magazine | 2020-01-08 19:41:38 UTC ]
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Johnson to pledge to cut business rates in bid to revive high street

The government will announce cuts to business rates in the Queen’s Speech today (19th December) in a bid to revive the high street. Continue reading at The Bookseller

[ The Bookseller | 2019-12-19 04:26:38 UTC ]
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Gannett: ‘Frontline’ reporting jobs will be last to get cut

Newspaper chain GateHouse and USA Today publisher Gannett recently combined to become the largest newspaper publisher in the U Continue reading at ABC News

[ ABC News | 2019-12-08 16:55:55 UTC ]
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Fox promoted to editorial director at HQ

HQ senior commissioning editor Kate Fox has been promoted to editorial director for non-fiction. Continue reading at The Bookseller

[ The Bookseller | 2019-12-04 09:17:16 UTC ]
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Liz Cross joins David Fickling Books as publishing director

Indie David Fickling Books has appointed Liz Cross as publishing director following her departure from Oxford University Press. Continue reading at The Bookseller

[ The Bookseller | 2019-11-28 15:06:29 UTC ]
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