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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Ad network Specific Media has appointed Fox Networks Group's Graeme Lynch as its new UK publisher services director. Continue reading at Media Week
[ Media Week | 2011-04-11 00:00:00 UTC ]
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Publication Date: Fri, 25/03/2011 - 12:00 Ebury Press is to publish the memoir of "The Royle Family" and "Brookside" actress Sue Johnston. Editorial director Charlotte Cole acquired world rights to Things I Couldn't Tell My Mother from Jan Thornton at Ken McReddie. The title will be published... Continue reading at The Bookseller
[ The Bookseller | 2011-03-25 00:00:00 UTC ]
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Written By: Katie Allen Publication Date: Wed, 16/03/2011 - 16:23 Atlantic Books has made five positions redundant, including commercial director Daniel Scott, a cut of around 15% to the 34-strong staff. read more Continue reading at The Bookseller
[ The Bookseller | 2011-03-16 00:00:00 UTC ]
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Magazine publisher Future, owner of Total Film and Classic Rock, has appointed former media investment banker Manjit Wolstenholme as non-executive director. Continue reading at Media Week
[ Media Week | 2011-02-10 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Mon, 07/02/2011 - 09:20 Tim Waterstone is reportedly pondering a bid to buy the bookstore he founded in 1982 with HMV billionaire investor Alexander Mamut. In the recent past, Waterstone has distanced himself from a bid saying while he would be... Continue reading at The Bookseller
[ The Bookseller | 2011-02-07 00:00:00 UTC ]
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