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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Obituary: Former UC Press Editorial Director Sheila Levine, 65

Sheila Levine, associate director and editorial director of the University of California Press until her retirement in 2011, died September 21 after a long struggle with ovarian cancer. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-29 00:00:00 UTC ]
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Man wrongly identified by Fairfax Media as terrorism suspect 'may sue'

Mans photo published in front-page stories on Abdul Numan Haider, shot dead by police after allegedly stabbing two officers Continue reading... Continue reading at The Guardian

[ The Guardian | 2014-09-26 00:00:00 UTC ]
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Publishing in Finland: Minna Castren, Publishing Director, Otava

Which authors should you look for from Otava, Finland's largest book publisher? Director Minna Castren lists upcoming books, authors and trends ahead of Frankfurt. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-09-13 00:00:00 UTC ]
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Director of S&S Australia Resigns

Lou Johnson, who has been managing director of Simon & Schuster Australia since 2010, has resigned from the post. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-12 00:00:00 UTC ]
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USA Today Said to Cut as Many as 70 Jobs Ahead of Gannett Split

USA Today, which is being spun off from Gannett Co. along with the rest of the company's publishing business, fired as many as 70 employees today across all departments, according to a person familiar with the newspaper's plans.About half of the jobs were in the newsroom and accounted for about... Continue reading at Advertising Age

[ Advertising Age | 2014-09-04 00:00:00 UTC ]
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Publishing in Finland: Outi Mäkinen, Director of Literature at Tammi

Outi Mäkinen of Finland's Tammi publishing house talks about top Finnish authors and books that will be on display in Frankfurt and trends in Finnish fiction. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-09-03 00:00:00 UTC ]
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New Editorial Director for Nation Books

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[ Publishers Weekly | 2014-09-02 00:00:00 UTC ]
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Major publishers support press council chairman against the Australian

Media companies say much of what the newspaper wrote about Julian Disney and the council was untrue Continue reading... Continue reading at The Guardian

[ The Guardian | 2014-09-01 00:00:00 UTC ]
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How Amazon's bid to bury Hachette has backfired

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[ The Guardian | 2014-08-24 00:00:00 UTC ]
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Wright appointed Hachette group international sales director

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[ The Bookseller | 2014-08-20 00:00:00 UTC ]
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Deacon appointed as Windmill editorial director

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[ The Bookseller | 2014-08-13 00:00:00 UTC ]
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Gannett introduces digital-centric job titles for its staff journalists

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[ The Guardian | 2014-08-11 00:00:00 UTC ]
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MJ buys Sue Perkins memoir

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[ The Bookseller | 2014-08-07 00:00:00 UTC ]
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Newsquest's fate uncertain as Gannett spins off its publishing business

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[ The Guardian | 2014-08-06 00:00:00 UTC ]
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USA Today owner Gannett to spin off publishing arm

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[ The Guardian | 2014-08-05 00:00:00 UTC ]
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USA Today Owner Gannett Splits Off Publishing From TV

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[ Advertising Age | 2014-08-05 00:00:00 UTC ]
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Gannett Buys Cars.com for $1.8 Billion, Splits Publishing

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[ Editor & Publisher | 2014-08-05 00:00:00 UTC ]
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Ross Levinsohn Joins Scout Media as Executive Chairman

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[ AdWeek | 2014-08-01 00:00:00 UTC ]
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With Five Days Until Independence, Six Measures of Tribune Publishing's Future

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[ Advertising Age | 2014-07-30 00:00:00 UTC ]
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Greenburger Shareholder in OR Books

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[ Publishers Weekly | 2014-07-24 00:00:00 UTC ]
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