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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Former Borders c.e.o David Roche has been named as the new non-executive chairman of the London... Continue reading at The Bookseller

[ The Bookseller | 2012-01-26 00:00:00 UTC ]
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Milbank appointed Octopus publishing director

Octopus has appointed Richard Milbank, previously non-fiction publishing director at Atlantic... Continue reading at The Bookseller

[ The Bookseller | 2012-01-25 00:00:00 UTC ]
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Doorley new Hachette Ireland editorial director

Hachette Ireland has promoted commissioning editor Ciara Doorley to the position of editorial... Continue reading at The Bookseller

[ The Bookseller | 2012-01-24 00:00:00 UTC ]
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Abrams made director of Jewish Book Week

Journalist and TV researcher Hester Abrams has been appointed to the role of director of literary... Continue reading at The Bookseller

[ The Bookseller | 2012-01-23 00:00:00 UTC ]
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Chinese Writers Sue Apple for Allegedly Hosting Pirated E-books

A group of Chinese writers has filed a lawsuit against Apple, alleging that the company's App Store sells pirated versions of the authors' works. Continue reading at PC World

[ PC World | 2012-01-10 00:00:00 UTC ]
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Luke appointed BIC executive director

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[ The Bookseller | 2012-01-10 00:00:00 UTC ]
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ACE appoints new executive director, arts

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[ The Bookseller | 2012-01-04 00:00:00 UTC ]
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HC US sues over Open Road ebook

HarperCollins US is suing digital publisher Open Road for copyright infringement after it... Continue reading at The Bookseller

[ The Bookseller | 2011-12-28 00:00:00 UTC ]
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Rita Lewis becomes publishing director of InStyle magazine

InStyle magazine, the IPC Southbank-owned fashion and beauty title, has named Rita Lewis as its new publishing director, effective 3 January 2012. Continue reading at Media Week

[ Media Week | 2011-11-25 00:00:00 UTC ]
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Kevin Hand to become PPA chairman

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[ Media Week | 2011-11-24 00:00:00 UTC ]
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Tumblr Director Coatney Talks Social Strategy and Platform Monetization

Magazine publishers and editors are bombarded with social networking platforms and are constantly cultivating ideas as to how to take advantage of them to reach readers, monetize and refer traffic. Continue reading at Folio Magazine

[ Folio Magazine | 2011-11-05 00:00:00 UTC ]
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Esquire ad director Darren Singh appointed publisher of ShortList

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[ Media Week | 2011-10-25 00:00:00 UTC ]
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IPC appoints Emily Hutchings as NME publishing director

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[ Media Week | 2011-10-24 00:00:00 UTC ]
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Bidding frantic for Beukes' thriller

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[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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Waterstone's reveals board of directors

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[ The Bookseller | 2011-10-04 00:00:00 UTC ]
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PPA appoints James Papworth as marketing director

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[ Media Week | 2011-09-23 00:00:00 UTC ]
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Signore new Transworld editorial director

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[ The Bookseller | 2011-09-20 00:00:00 UTC ]
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River Publishing appoints new commercial director

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[ Media Week | 2011-09-19 00:00:00 UTC ]
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[ Publishers Weekly | 2011-09-16 00:00:00 UTC ]
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