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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Richard Atkinson joins Penguin Press as publishing director

Former Bloomsbury publisher Richard Atkinson is joining Penguin Press as publishing director in September. Continue reading at The Bookseller

[ The Bookseller | 2019-08-19 17:59:21 UTC ]
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Fashionista EIC Tapped as Nylon’s New Editorial Director | People on the Move

[caption id="attachment_164365" align="alignright" width="150"] Alyssa Vingan Klein[/caption] Bustle Digital Group named Fashionista’s editor-in-chief Alyssa Vingan Klein as the new editorial director of Nylon. This hire follows last week’s announcement by Nylon editor-in-chief Gabrielle Korn... Continue reading at Folio Magazine

[ Folio Magazine | 2019-08-08 19:30:31 UTC ]
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Barnes & Noble says lawsuits 'lack merit' as shareholders file against sale

Shareholders have filed two lawsuits against Barnes & Noble in a legal row over the sale as the book retailer insists the complaints "lack merit". Continue reading at The Bookseller

[ The Bookseller | 2019-07-23 16:58:40 UTC ]
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Tiger Woods’ failed Open bid is bad news for NBC

Three months ago, Tiger Woods clawed out his first major championship win in 11 years, and in so doing, seemed to have put an end to a decade marked by frustration, failure and grievous injury. His triumph in Augusta was an assurance that more Sunday victories would come, and in defying the... Continue reading at Advertising Age

[ Advertising Age | 2019-07-19 19:26:04 UTC ]
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W H Smith's international chairman to retire

W H Smith's international chairman and business development director Louis de Bourgoing will retire next month. Continue reading at The Bookseller

[ The Bookseller | 2019-07-15 19:26:25 UTC ]
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Klara Zak joins Cornerstone as publicity director

Klara Zak will join the Cornerstone publicity team as publicity director, to cover Najma Finlay’s parental leave. Continue reading at The Bookseller

[ The Bookseller | 2019-07-11 10:43:59 UTC ]
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'Black Panther' director Ryan Coogler will join Ta-Nehisi Coates at his L.A. book tour stop

[ Los Angeles Times | 2019-07-10 10:00:02 UTC ]
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‘Black Panther’ director Ryan Coogler will join Ta-Nehisi Coates at his L.A. book tour stop

National Book Award-winning author Ta-Nehisi Coates will bring his new book tour to Los Angeles in October, where he'll be joined by a special guest: "Black Panther" director Ryan Coogler. Coates is scheduled to discuss his forthcoming novel, "The Water Dancer," with Coogler at the West... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-07-10 00:15:00 UTC ]
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Campaigners in new bid to save Essex library services

Library campaigners are calling on Essex County Council to launch a new consultation on the future of its libraries in a new bid to save the services. Continue reading at The Bookseller

[ The Bookseller | 2019-07-08 10:24:45 UTC ]
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Bravery made Penguin General art director

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[ The Bookseller | 2019-07-02 20:42:44 UTC ]
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Chance promoted to Welbeck group commercial director

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[ The Bookseller | 2019-06-24 11:27:47 UTC ]
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‘Toni Morrison: The Pieces I Am’ director reveals how he captured the novelist’s intimate moments

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[ Los Angeles Times | 2019-06-21 15:30:00 UTC ]
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Niantic sues group of alleged 'Pokémon Go' cheaters

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[ Engadget | 2019-06-16 23:04:00 UTC ]
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Readerlink misses midnight deadline for rival Barnes & Noble bid; Elliott offer stands

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[ The Bookseller | 2019-06-14 19:27:47 UTC ]
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New Publishing Director for Amberjack Publishing

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[ Publishers Weekly | 2019-06-13 04:00:00 UTC ]
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[ Publishers Weekly | 2019-06-11 04:00:00 UTC ]
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'Love, Death and Robots' gets a second season on Netflix with a new director

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[ Engadget | 2019-06-11 02:57:00 UTC ]
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Visa issues could stop authors attending Edinburgh Book Festival, warns director

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[ The Bookseller | 2019-06-09 05:37:20 UTC ]
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ALA 2019: PW Talks to ALA Washington Office Director Kathi Kromer

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[ Publishers Weekly | 2019-06-07 04:00:00 UTC ]
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[ Publishers Weekly | 2019-06-04 04:00:00 UTC ]
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