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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Digital media a priority for Tribune Publishing CEO Jack Griffin

Veteran publishing executive Jack Griffin will be CEO of Tribune Publishing, which is being spun off from Tribune Co. Times Publisher Eddy Hartenstein will chair the board in a non-executive role.Veteran publishing executive Jack Griffin has been named chief executive of the new Tribune... Continue reading at Los Angeles Times

[ Los Angeles Times | 2014-03-07 00:00:00 UTC ]
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Fordham’s Editorial Director Dies in Crash

Helen Tartar, editorial director of Fordham University Press, has died in a car accident. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-03-05 00:00:00 UTC ]
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Flipboard Acquires CNN's Zite for $60 Million in Bid to Consolidate Reader Market

Flipboard, an app that displays digital media in magazine-like form on tablets, is acquiring one of its smaller competitors, Zite, for a reported $60 million.As part of the deal, Flipboard will get direct access to all CNN content, including video, as well as CNN personalities like Fareed... Continue reading at Advertising Age

[ Advertising Age | 2014-03-05 00:00:00 UTC ]
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How "Frozen" Director Jennifer Lee Reinvented The Story Of The Snow Queen

Frozen didn't click until the main characters were reimagined as sisters with a complicated relationship. Co-director Jennifer Lee talks with Fast Company about the collaboration that resulted in the highest-grossing Disney animated film of all time.The fact that Jennifer Lee is a woman isn't... Continue reading at Fast Company

[ Fast Company | 2014-02-28 00:00:00 UTC ]
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Gannett Moving Advocate Printing to Columbus, Eliminating 74 Jobs

NEWARK — Gannett Publishing Services will cease printing operations at The Advocate’s plant downtown during 2014, the company told employees Thursday. All production work for The Advocate and numerous other daily and weekly newsp ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2014-02-27 00:00:00 UTC ]
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Former Federal Reserve chairman Ben Bernanke says he will release a memoir

'I want people to understand what we knew, when we knew it, how we made decisions and how we dealt with the enormous economic uncertainty,' Bernanke said of his book. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2014-02-26 00:00:00 UTC ]
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Local doesn't matter much to Gannett, but then neither do newspapers

Journalists on three titles in northern England owned by Gannett are to strike over plans to move editing work to south Wales. But this is of a piece with the US firm's attitude to print mediaHere's a claim to savour. "The strength of [our] network lies in its ability to penetrate local... Continue reading at The Guardian

[ The Guardian | 2014-02-23 00:00:00 UTC ]
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Tribune Co. expects $325-million dividend from publishing spinoff

The dividend figure, which is not final, appears in a document related to Tribune's purchase in December of a group of TV stations. In spinning off its publishing business, Tribune Co. will pick up a dividend that could be about $325 million from the new public company, which would consist of... Continue reading at Los Angeles Times

[ Los Angeles Times | 2014-02-19 00:00:00 UTC ]
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Why journalists voted to strike against Newsquest-Gannett

I see that Newsquest has warned members of the National Union of Journalists that they may be in breach of their employment contracts if they take part in tomorrow's planned one-day strike.NUJ members voted for industrial action after the publisher announced that it was transferring sub-editing... Continue reading at The Guardian

[ The Guardian | 2014-02-17 00:00:00 UTC ]
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10 minutes with: Joanna Prior, managing director of Penguin General

Publishing chief discusses how the rise of the ebook has affected the industry, the value of a good cover design and why there is no glass ceiling in the sectorTell us a bit about your role at Penguin and how you got there.I am the managing director of Penguin General Books, which is one of... Continue reading at The Guardian

[ The Guardian | 2014-02-12 00:00:00 UTC ]
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VSCO Cam app for iOS adds more 'community' features in a bid to take on Instagram

The VSCO Cam app has developed a pretty dedicated following of serious mobile photographers. Over the summer Visual Supply Co. even unveiled a minimalist publishing platform called VSCO Grid. But ties between the two were... let's say, weak. An... Continue reading at Engadget

[ Engadget | 2014-02-12 00:00:00 UTC ]
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Manroland Web Systems Wins Upgrade Order at Two Gannett Sites

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[ Editor & Publisher | 2014-02-12 00:00:00 UTC ]
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Forbes sale nears as final bids are planned

Forbes Media is drawing interest from acquirers including China's Fosun International Ltd. and Singapore's Spice Global Investments Pvt, with final offers for the magazine publisher due Monday,... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2014-02-11 00:00:00 UTC ]
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New IAB Chairman Takes Industry to Task

Ziff Davis CEO Vivek Shah was named as the new chairman of the Interactive Advertising Bureau tonight. And he started his tenure by immediately taking the industry to task for letting bad traffic perpetuate—taking particular aim at digital media buyers. During a blunt keynote address at the IAB... Continue reading at AdWeek

[ AdWeek | 2014-02-10 00:00:00 UTC ]
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New IAB Chairman Takes Agencies to Task

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[ AdWeek | 2014-02-09 00:00:00 UTC ]
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JK Rowling sues Daily Mail for libel over 'single mother' article

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[ The Guardian | 2014-01-31 00:00:00 UTC ]
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Quentin Tarantino sues Gawker over Hateful Eight film script leak

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[ The Guardian | 2014-01-27 00:00:00 UTC ]
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Charter makes a $61 billion bid for Time Warner Cable, could be the first of many

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[ Engadget | 2014-01-15 00:00:00 UTC ]
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Allen & Unwin becomes Atlantic's majority shareholder

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[ The Bookseller | 2014-01-14 00:00:00 UTC ]
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Dow Jones sues Ransquawk for 'hot news' misappropriation

Dow Jones has sued a London-based aggregation service, Ransquawk, for allegedly accessing its news feed and publishing its content within seconds of its original publication.The legal action - as reported by Reuters - accuses Ransquawk (Real-Time Analysis & News) of "hot news"... Continue reading at The Guardian

[ The Guardian | 2014-01-10 00:00:00 UTC ]
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