Louis Public Radio, KCUR, Iowa Public Radio, Nebraska Public Media and NPR. ![]() Follow him on Twitter: Midwest Newsroom is an investigative journalism collaboration including St. Kavahn Mansouri is the Midwest Newsroom’s investigative reporter. “Alden not only grossly undervalues journalism, it grossly undermines it.” “We must remain vigilant - this offer won’t be the assassin’s last,” the post read. The Omaha World-Herald union’s Twitter account stated Lee must remain “vigilant.” “It's good for shareholders, it's good for journalists and it's good for the communities they serve. “The board made the right decision here,” Kupperman said. He noted that Lee stock was up 10% Thursday morning, or roughly $27 a share. “Alden’s proposed purchase price is clearly insufficient and opportunistic, grossly undervaluing the business.”Īfter the vote, Kupperman said the board sent “the right message” with their decision, calling the rejection of Alden’s offer a win for Lee. Search for obituaries, marriage announcements, birth announcements, social pages, national and local news articles, sports, advertisements, entertainment, fashion and lifestyle pages, comics, and more. Used by millions every month for genealogy and family history, historical research, crime investigations, journalism, and entertainment. I simply do not understand what needs to be evaluated here,” Kupperman wrote. The largest online newspaper archive, established in 2012. On Wednesday the paper’s second-largest shareholder Harris Kupperman demanded the newspaper company reject Alden’s offer, calling it “insufficient and opportunistic.” The board’s decision comes after pushback against Lee’s proposal from the newspaper companies' unions, and the company itself, which adopted a poison pill strategy to fend off Alden’s takeover bid. “The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today, as the fastest-growing digital subscription platform in local media, and our compelling future prospects,” Junck said in the statement. The company saw 37% growth in digital revenue and 65% growth in digital-only subscriptions, according to the statement. In a separate statement released Thursday morning, Lee reported new growth in its fourth-quarter results. Louis Post-Dispatch, the Omaha World-Herald, the Sioux City Journal and 21 other daily newspapers throughout Missouri, Iowa and Nebraska. If approved, Alden would take over the St. Last month, Alden Global Capital revealed a proposal to purchase Lee Enterprises and its newspapers at $24 a share, casting alarm through the many newsrooms owned by Lee. We have demonstrated accelerating momentum across our platforms as we execute our plan,” Junck said in a statement. “We remain confident in our ability to create significant value as an independent company and are focused on our Three Pillar Digital Growth Strategy, detailed earlier this year. In a Thursday morning announcement, Lee’s board chair Mary Junck said Alden’s $141 million proposal “grossly undervalued” the newspaper company and its growing digital business. ![]() Louis Post-Dispatch.Lee Enterprises, a major media company based in Iowa, rejected an unsolicited buyout offer from Alden Global Capital, a hedge fund known for drastically downsizing the newspapers it owns. Louis Post-Dispatch may also be known as or be related to SUBURBAN JOURNALS OLD NEWSBOY'S FUND, St Louis Post-Dispatch LLC, St. Louis Post-Dispatch and its employees or that of Zippia. The data presented on this page does not represent the view of St. None of the information on this page has been provided or approved by St. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at St. ![]() Louis Post-Dispatch, including salaries, political affiliations, employee data, and more, in order to inform job seekers about St. Zippia gives an in-depth look into the details of St.
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