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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NBF Adds Three to Board of Directors

The National Book Foundation has elected Lucia Ferreira, Michael Lynton, and Michelle Weiner to its board of directors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-18 00:00:00 UTC ]
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NEIBA Announces New Executive Director

Longtime book industry professional Beth Ineson will succeed Steve Fischer as executive director of the New England Independent Booksellers Association. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-16 00:00:00 UTC ]
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MPIBA Hires Tattered Cover Vet as Executive Director

Heather Duncan, a 28 year veteran of the Tattered Cover Book Store, has taken over the role of Executive Director of the Mountains and Plains Independent Booksellers Association. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-10 00:00:00 UTC ]
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Wisconsin Historical Society Press Director Leaves On a High Note

Kathy Borkowski, the executive director of the Wisconsin Historical Society Press for the past 13 years, is stepping down. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-09 00:00:00 UTC ]
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Pan Mac pays tribute to 'gentle' crime writer Sue Grafton

Pan Macmillan has paid tribute to the late American crime writer Sue Grafton as "a giant in her field" and "an amazing author" who "cared about her readers first and last".  Continue reading at The Bookseller

[ The Bookseller | 2018-01-03 00:00:00 UTC ]
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Crime writer Sue Grafton dies

US mystery writer Sue Grafton, creator of the Alphabet series of novels featuring PI Kinsey Millhone, has died at the age of 77. She had been suffering from cancer. Pan Macmillan publisher Jeremy Trevathan told The Bookseller: "Sue Grafton was one of the bedrock authors of the Pan Macmillan... Continue reading at The Bookseller

[ The Bookseller | 2018-01-01 00:00:00 UTC ]
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Death of magazines 'overplayed' as titles bid to fight Facebook effect

Despite a torrid year, leading media agency says UK consumer magazine market has been ‘seriously undervalued’ by marketersThe death of magazines has been overplayed, according to a leading media agency, despite a torrid year that has featured the British title Glamour ending its monthly print... Continue reading at The Guardian

[ The Guardian | 2017-12-25 00:00:00 UTC ]
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Former Lion Hudson staff win payout after tribunal

The 37 staff who were made redundant by Lion Hudson PLC in January have been awarded a payout after the company failed to properly consult with them before they were dismissed. Continue reading at The Bookseller

[ The Bookseller | 2017-12-20 00:00:00 UTC ]
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GLIBA Executive Director Deb Leonard To Step Down

Great Lakes Independent Booksellers Association executive director Deb Leonard is leaving the regional booksellers association at the end of December, after six years at the helm. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-12-08 00:00:00 UTC ]
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Penguin US art director resigns after sexual harassment claim

An art director at Penguin Random House US has resigned from his post following sexual harassment allegations. Continue reading at The Bookseller

[ The Bookseller | 2017-12-07 00:00:00 UTC ]
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Facing Sexual Harassment Charges, An Exec Art Director at Penguin Workshop Resigns

Three weeks after actress and comedian Charlyne Yi leveled sexual harassment charges against Giuseppe Castellano, an executive art director at Penguin Workshop, he has stepped down. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-12-05 00:00:00 UTC ]
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Emma Cline's ex-boyfriend sues her for plagiarism

The ex-boyfriend of author Emma Cline has filed a lawsuit against her in the US alleging that she plagiarised parts of her debut novel The Girls (Chatto & Windus) from him. Continue reading at The Bookseller

[ The Bookseller | 2017-12-01 00:00:00 UTC ]
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Saqi to publish story of spurned American pilot

Saqi Books imprint The Westbourne Press is to publish the story of Wally Funk, who was part of the first group of American pilots to pass the Women in Space programme. Continue reading at The Bookseller

[ The Bookseller | 2017-11-23 00:00:00 UTC ]
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Justice Department sues to block AT&T's purchase of Time Warner, which vows a fight

The U.S. Department of Justice has sued to block AT&T’s proposed $85-billion purchase of Time Warner Inc. — one of the largest media mergers in American history — arguing that a bulked-up AT&T would stifle competition and lead to higher prices for consumers. “This merger would greatly... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-21 00:00:00 UTC ]
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Christie appointed DK's interim sales director

DK has appointed an interim sales director after Ian Moore has decided to leave the business to start a new life with his family in Cornwall. Continue reading at The Bookseller

[ The Bookseller | 2017-11-18 00:00:00 UTC ]
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Ker Hawn made director of The Bent Agency

Literary agent Molly Ker Hawn has been appointed director of The Bent Agency UK. Continue reading at The Bookseller

[ The Bookseller | 2017-11-18 00:00:00 UTC ]
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Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers

Earlier talks this year between Time Inc., the publisher of People and Sports Illustrated, and the Meredith Corporation fizzled out. Continue reading at The New York Times

[ The New York Times | 2017-11-16 00:00:00 UTC ]
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Dr Sue Black to present FutureBook Awards

Dr Sue Black is to present the FutureBook Awards at this year’s FutureBook Conference, to be held on 1st December in London. Continue reading at The Bookseller

[ The Bookseller | 2017-11-16 00:00:00 UTC ]
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Geissendorfer appointed Jerwood Charitable Foundation's new director

Lilli Geissendorfer has been appointed the new director of the Jerwood Charitable Foundation, which provides funding for the arts, including through the Jerwood Compton Poetry Fellowships. Continue reading at The Bookseller

[ The Bookseller | 2017-11-14 00:00:00 UTC ]
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MPIBA's Executive Director Stepping Down

Laura Ayrey Burnett, executive director of the Mountains & Plains Independent Booksellers Association since 2010, has stepped down, effective immediately. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-11-13 00:00:00 UTC ]
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