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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Gannett to Name Broadcast, Digital Unit TEGNA Amid Print Spinoff

Gannett, the media company that is spinning off its publishing business, said Tuesday it'll run its broadcasting and digital units under the new corporate name TEGNA. Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-04-21 00:00:00 UTC ]
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Goebbels estate sues Random House Germany

The estate of Joseph Goebbels, Adolf Hitler’s minister for propaganda during the Second World War, is suing publisher Random House Germany for using an extract from his diaries. The biography Goebbels, published in Germany in 2010 under the Siedler imprint, is by Peter Longerich, professor of... Continue reading at The Bookseller

[ The Bookseller | 2015-04-21 00:00:00 UTC ]
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Ward joins HarperCollins as fiction art director

HarperCollins has hired Claire Ward as fiction art director, joining from Transworld where she has worked for 25 years. Ward, who will begin at HarperCollins in July, has designed covers for titles such as Before I Go to Sleep, The Unlikely Pilgrimage of Harold Fry, The Book Thief and The Girl... Continue reading at The Bookseller

[ The Bookseller | 2015-04-11 00:00:00 UTC ]
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Sweeney Named Editorial Director of Franciscan Media Books

The publishing veteran and author of seven books about St. Francis of Assisi has been tapped to head Franciscan Media Books, the nonprofit publishing arm of the Franciscan Friars of St. John the Baptist. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-10 00:00:00 UTC ]
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Booker Prize Literary Director Ion Trewin Dies at 71

The Booker Prize Foundation has announced the death of its literary director, Ion Trewin. He passed away on Wednesday, at the age of 71. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-04-09 00:00:00 UTC ]
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Taylor & Francis appoint global publishing director

Taylor & Francis Group has appointed Leon Heward-Mills as global publishing director, journals, taking on a leadership role for the worldwide editorial team. Heward-Mills joins Taylor & Francis from Society of Endocrinology, where he was chief executive and m.d. of its commercial... Continue reading at The Bookseller

[ The Bookseller | 2015-04-03 00:00:00 UTC ]
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Waterstones appoints new e-commerce director

Waterstones is to appoint Hobbycraft's Ed Armitage to head up its e-commerce operation. Armitage, currently head of multichannel at craft and gift retailer Hobbycraft, will take up his position as Waterstones E-Commerce Director from May. Armitage replaces Colm McCrory, former head of... Continue reading at The Bookseller

[ The Bookseller | 2015-03-27 00:00:00 UTC ]
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Memphis Publisher Sues Salinger Estate

The Devault-Graves Agency is claiming that the J.D. Salinger Trust is thwarting the publisher's attempts to sell a collection of Salinger short stories abroad. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-03-17 00:00:00 UTC ]
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Newsonomics: Tribune Publishing is Busy Playing Catch-Up

Throughout this morning’s earnings call, the thought reoccurred: Jack Griffin’s new Tribune Publishing Company is playing catch-up. Then, toward the end of the call, one a little more informative than average, the CEO said it plai ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-03-05 00:00:00 UTC ]
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Mundy to be Samuel Johnson prize director

Toby Mundy, the founder and former c.e.o. of Atlantic Books, is to become the first director of the Samuel Johnson Prize for Non-fiction. Meanwhile submission deadlines for publishers will change to “accommodate the timelines and deadlines of the publishing calendar”. Continue reading at The Bookseller

[ The Bookseller | 2015-03-04 00:00:00 UTC ]
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Roberts joins HC Children’s as art director

HarperCollins Children’s Books has hired Nia Roberts as art director, where she will be responsible for the cross portfolio design strategy. She will also develop the picture book list. Roberts is currently art director at Simon & Schuster where she has worked with authors and illustrators... Continue reading at The Bookseller

[ The Bookseller | 2015-02-25 00:00:00 UTC ]
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Simon bids farewell to Horrid Henry

Francesca Simon is to bring the Horrid Henry series to a close, 21 years after the mischievous Henry first appeared in print. Horrid Henry’s Cannibal Curse (Orion Children’s Books, 16th July, £4.99) will be the last title in the series. It will be illustrated by Tony Ross and comprises four... Continue reading at The Bookseller

[ The Bookseller | 2015-02-21 00:00:00 UTC ]
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University of Wisconsin Press Names New Director

The University of Wisconsin Press has named Dennis Lloyd its new director. He will assume his new position in May Lloyd currently is deputy director for sales, marketing, and acquisitions at the University of Florida Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-20 00:00:00 UTC ]
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Chicken made Transworld sales director

Tom Chicken has been appointed as Transworld’s sales director following Sarah Roscoe’s move to sales director for Penguin Random House Children’s. Chicken originally joined Penguin on the graduate business management scheme in 2002, going on to manage field and key account sales teams, as well... Continue reading at The Bookseller

[ The Bookseller | 2015-02-11 00:00:00 UTC ]
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BAM Forms Committee to Explore Takeover Bid

Books-A-Million has created a special committee consisting of two independent directors to review the bid from the Anderson family to acquire all the outstanding shares in the retailer that it does not already own. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-09 00:00:00 UTC ]
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PRH commercial director Waters to leave

Penguin Random House UK’s group commercial director, Nigel Waters, is to leave the business at Easter. The company is still working out where Waters’ team will report, and an announcement about some new roles and responsibilities is to follow in the coming weeks, PRH said.  Ian Hudson, deputy... Continue reading at The Bookseller

[ The Bookseller | 2015-02-06 00:00:00 UTC ]
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PW Talks to Ferguson Library Director Scott Bonner

'PW' catches up with director Scott Bonner for a wide-ranging talk about life in Ferguson, MO, and the library’s much lauded efforts following the shooting of Michael Brown. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-02-02 00:00:00 UTC ]
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The Andersons Make Bid to Buy Books-A-Million

The Anderson family, which controls 58% of the stock of Books-A-Million, is offering $2.75 a share to acquire all the shares of the bookstore chain that it does not already own. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-01-30 00:00:00 UTC ]
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Pearson chairman Moreno to step down

Glen Moreno is preparing to step down from his role as chairman of Pearson after a decade, according to Sky News. Sources told the broadcaster that Pearson's nominations committee had enlisted JCA Group, a City headhunting firm, to oversee the process of recruiting Moreno's successor. Continue reading at The Bookseller

[ The Bookseller | 2015-01-29 00:00:00 UTC ]
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Loft's Executive Director To Step Down

The board of the Loft will initiate a national search to replace Jocelyn Hale, the Minneapolis literary center's executive director, who is stepping down from the position this summer after seven years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-01-28 00:00:00 UTC ]
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