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 ]
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Fry appointed Folio Prize director of development

The Folio Prize Foundation has appointed former Fourth Estate associate publisher Minna Fry as its director of development. Continue reading at The Bookseller

[ The Bookseller | 2016-07-07 00:00:00 UTC ]
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Lennertz to Lead CBC as Executive Director

Carl Lennertz has been named executive director of the Children's Book Council and Every Child a Reader, effective August 8. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-07 00:00:00 UTC ]
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Waddington made PRH international sales director

Penguin Random House UK has appointed Rob Waddington as international sales director in a move that brings group and exports teams under a single leadership. Continue reading at The Bookseller

[ The Bookseller | 2016-07-07 00:00:00 UTC ]
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Former PRH publicity director Higgins-Galsworthy joins Premier

Former Penguin Random House publicity director Natalie Higgins-Galsworthy has joined creative communications agency Premier to enhance its offering to the publishing industry. Continue reading at The Bookseller

[ The Bookseller | 2016-06-30 00:00:00 UTC ]
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Sharing Experience, Expectations: Book Fair Directors Meet in Mexico

13 international book fair directors gathered in Mexico to discuss their progress and evolving viewpoints on the industry and its trade events. The post Sharing Experience, Expectations: Book Fair Directors Meet in Mexico appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-06-24 00:00:00 UTC ]
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WH Smith appoints McKechnie as travel director

Retailer WH Smith has appointed Gavin McKechnie as the international operations director of its travel division. Continue reading at The Bookseller

[ The Bookseller | 2016-06-24 00:00:00 UTC ]
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Free Word appoints Backhouse as director

Roma Backhouse has been appointed as the new director of Free Word, an international organisation dedicated to literature, literacy and free expression, to succeed current director Rose Fenton in September. Continue reading at The Bookseller

[ The Bookseller | 2016-06-24 00:00:00 UTC ]
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Hespanha appointed HarperCollins Brasil director

HarperCollins Publishers has appointed Patricia Hespanha to the role of executive director of HarperCollins Brasil. Continue reading at The Bookseller

[ The Bookseller | 2016-06-23 00:00:00 UTC ]
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Benton appointed Orion group marketing director

Sarah Benton, currently marketing director for HarperFiction, is joining Orion Publishing Group as group marketing director in September. Continue reading at The Bookseller

[ The Bookseller | 2016-06-22 00:00:00 UTC ]
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Catholic Publisher Ave Maria's Longtime Editorial Director Retires

Robert Hamma, Ave Maria's editorial director since 1996 who is retiring in July, reflects on his career in Catholic publishing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-06-22 00:00:00 UTC ]
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Jack Fuller, Prizewinning Chicago Tribune Journalist, Dies at 69

Jack Fuller won a Pulitzer Prize for editorial writing at The Chicago Tribune and later became Tribune Publishing’s president. Continue reading at The New York Times

[ The New York Times | 2016-06-22 00:00:00 UTC ]
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Libreria bookshop director Davies moves on

Sally Davies, the director of East London bookshop Libreria, is stepping down from her role. Continue reading at The Bookseller

[ The Bookseller | 2016-06-21 00:00:00 UTC ]
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Sarah Crown made ACE literature director

Mumsnet editor Sarah Crown has joined Arts Council England to become its director of literature and the South West. Continue reading at The Bookseller

[ The Bookseller | 2016-06-18 00:00:00 UTC ]
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Arts & Sciences, RSA and Blinkink Sign Director Duos

Creative duo CO.LAB have joined Arts & Sciences. Justin Tyler Close comes from a background of art photography. Jeremy Power Regimbal has experience in post-production and cinematography. The Canadian pair formed CO.LAB over a year ago, after their first initial meeting a decade ago. They... Continue reading at Advertising Age

[ Advertising Age | 2016-06-16 00:00:00 UTC ]
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Former PBS director Holifield to run T S Eliot Prize

Former Poetry Book Society director, Chris Holifield, has been appointed by the T S Eliot Foundation to the role of director of the T S Eliot Prize. Continue reading at The Bookseller

[ The Bookseller | 2016-06-16 00:00:00 UTC ]
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HC finance director Kielbasiewicz to retire

HarperCollins UK finance director and company secretary, Ed Kielbasiewicz, is to retire from the company at the end of December 2016.  Continue reading at The Bookseller

[ The Bookseller | 2016-06-07 00:00:00 UTC ]
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Slavin Named CEO of Open Road; Friedman Becomes Chairman

Effective immediately, Paul Slavin has been promoted to CEO of Open Road Integrated Media, while company cofounder and CEO Jane Friedman has been named chairman and executive publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-05-31 00:00:00 UTC ]
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The Players’ Tribune and Budweiser team up for new content studio

Derek Jeter’s The Players’ Tribune and Budweiser are launching a content studio, which will focus on short-form videos and photos for Facebook, Instagram and other social platforms. The launch is part of a broader strategy at The Players’ Tribune to diversify its video content and grow audience... Continue reading at Digiday

[ Digiday | 2016-05-24 00:00:00 UTC ]
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L.A. billionaire becomes the 2nd-largest shareholder of L.A. Times' parent company

Los Angeles Times owner Tribune Publishing Co. has rejected a second buyout offer from rival newspaper publisher Gannett Co., and this time it’s brought in new financial muscle to fend off further overtures: L. A. billionaire Patrick Soon-Shiong. Tribune Publishing announced Monday morning that... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-05-24 00:00:00 UTC ]
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Author Sues S&S Over E-book Royalties

Author Sheldon Blau has filed a class action suit alleging that the publisher is paying improper royalty rates on digital sales. But S&S says they have never published a digital edition of Blau's title. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-05-23 00:00:00 UTC ]
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