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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Neal Price to join Canongate as sales director

Neal Price is joining Canongate as sales director, following 11 years as sales director for Faber. Continue reading at The Bookseller

[ The Bookseller | 2015-11-12 00:00:00 UTC ]
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O'Donoghue joins The Reading Agency as business director

Fiona O’Donoghue has joined The Reading Agency as the charity’s commercial and business director. Continue reading at The Bookseller

[ The Bookseller | 2015-11-09 00:00:00 UTC ]
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Tribune Offers $3 Million to Fund Freedom Bankruptcy Case

Tribune Publishing Co., the owners of the Los Angeles Times, offered $3 million to fund Freedom Communication Inc.’s bankruptcy case during the newspaper publisher’s first bankruptcy hearing Wednesday.   A lawyer for the ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-11-04 00:00:00 UTC ]
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Bidding Frenzy Erupts for Princeton U Press Backlist Title

Princeton University Press is breaking foreign sales records with its 2013 book 'The Great Escape,' after author Angus Deaton was named a Nobel Prize winner in economics last month. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-11-02 00:00:00 UTC ]
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Quercus promotes Bethan Ferguson to marketing director

Quercus has promoted Bethan Ferguson to marketing director as part of a drive to strengthen its marketing and publicity departments. Ferguson, who joined Quercus in 2011, said: “I am delighted to be part of such a smart and creative team, and to have this opportunity at a time when Quercus and... Continue reading at The Bookseller

[ The Bookseller | 2015-10-29 00:00:00 UTC ]
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CLA appoints Graf as independent director

CLA, the company that helps simplify copyright for content users, has appointed Philip Graf CBE to its board as senior independent director. Graf is chairman for the Gambling Commission and chair of CfBT Education Trust, a leading education consultancy and service organisation. Continue reading at The Bookseller

[ The Bookseller | 2015-10-29 00:00:00 UTC ]
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Taurel appointed Pearson's new chairman

Sidney Taurel, former c.e.o and chairman of pharmaceutical firm Eli Lilly, has been appointed as Pearson’s new chairman.  Continue reading at The Bookseller

[ The Bookseller | 2015-10-27 00:00:00 UTC ]
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Gompertz Joining Skyhorse as Editorial Director

Skyhorse Publishing has named Mark Gompertz group editorial director, effective November 9. Gompertz, who was most recently at Hearst Magazines, had a long tenure at Simon & Schuster. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-26 00:00:00 UTC ]
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Sue Moorcroft signs with Avon

HarperCollins imprint, Avon, has won two new novels from Sue Moorcroft at auction. Continue reading at The Bookseller

[ The Bookseller | 2015-10-22 00:00:00 UTC ]
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NCIBA Salutes Exiting Director Landon at 2015 Show

This year's show featured an outpouring of love for executive director Hut Landon, who is stepping down after 18 years on the job. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-19 00:00:00 UTC ]
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Sally Kim Named Editorial Director of G.P. Putnam's Sons

The new v-p, editorial director will oversee the entire acquisition process and editorial team for the imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-15 00:00:00 UTC ]
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At Frankfurt: AmazonCrossing's new $10 million translation bid

Meet Sarah Jane Gunter today, Wednesday, 3 p.m. Frankfurt Book Fair In a move that answers a constant question both from independent authors and from publishers, AmazonCrossing has announced that it now is accepting submissions.  Continue reading at The Bookseller

[ The Bookseller | 2015-10-14 00:00:00 UTC ]
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David Swail Named Interim Director of CPC

After the passing of its executive director Jackie Hushion, industry association Canadian Publishers' Council, has appointed David Swail as executive director on an interim basis, effective immediately. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-09 00:00:00 UTC ]
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Frankfurt Book Fair 2015: Four Questions for BISG Executive Director Mark Kuyper

On June 15, Mark Kuyper, former CEO of the Evangelical Christian Publishers Association, succeeded Len Vlahos as executive director of the Book Industry Study Group, the U.S.’s leading book trade association for standardized best practices, research, information, and educational events. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-09 00:00:00 UTC ]
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Gannett gets even bigger by acquiring 34 more US newspapers

Publisher pulls off its first major deal since it was spun off from its TV divisionThere are signs of a new round of consolidation in the US newspaper market with Gannett’s acquisition of the Journal Media Group for $280m (£183m).It adds the Milwaukee Journal Sentinel plus 16 other daily papers... Continue reading at The Guardian

[ The Guardian | 2015-10-08 00:00:00 UTC ]
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Kissner Elected Chairman of John Wiley

The board of directors of John Wiley & Sons has officially elected Matthew Kissner to succeed Peter Booth Wiley, who first announced he would step down as chairman of the board in December 2014. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-10-01 00:00:00 UTC ]
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Nexstar Attempts to Disrupt Meredith Deal with Bid for Media General

Proposal outlines a plan to create a ‘pure-play’ broadcast company, without ‘significant exposure to publishing.’ The post Nexstar Attempts to Disrupt Meredith Deal with Bid for Media General appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-09-28 00:00:00 UTC ]
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Gannett is hungry for one thing – and it’s not great newspapers

Cutting jobs and resources is US publishing giant Gannett’s only tactic with its UK titles. Contrast that with Buzzfeed …Richard Walker, the Sunday Herald editor in Glasgow, and his Newsquest colleague Tony Carlin, editor of the Evening Times there, have both opted to take voluntary redundancy.... Continue reading at The Guardian

[ The Guardian | 2015-09-27 00:00:00 UTC ]
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Mike Lafavore Returns to Rodale in Newly Created Editorial Director Position

Initial focus will be on the magazine he helped build, Men’s Health. The post Mike Lafavore Returns to Rodale in Newly Created Editorial Director Position appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-09-25 00:00:00 UTC ]
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Director Nicholas Winding Refn Wants to Teach You About Movie Marketing

The director's first foray into book publishing is a deep-dive into the art of exploitation cinema marketing. The post Director Nicholas Winding Refn Wants to Teach You About Movie Marketing appeared first on WIRED. Continue reading at Wired

[ Wired | 2015-09-24 00:00:00 UTC ]
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