Search Results for: harbinger board

media finances — Shareholders pressure and the bubble

May 19, 2008 – 6:52 am

TweetThe examples stated above epitomize the increasing pressure of shareholders activists. The CBS/CNet deal has been, for a large part, prompted by an angry campaign led by the investment firm Jana Partners LLC. Jana criticized CNet strategy and called for a complete overhaul of the board. Actually, more and more media companies are facing shareholder [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (0)

The battle for New York’s papers

April 28, 2008 – 7:19 am

TweetAn update: Murdoch decides not to bid for Newday. The AP story. Five newspapers in New York. Ranging from the most respectable to the lowest tabloid. One is the object of a bidding war, another is under siege by Wall Street. Who will control NYC’s newspapers a year from now? Here is an overview of [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (0)

Harbinger increases pressure on the nY Times

March 31, 2008 – 12:12 pm

TweetAt least someone believes in newspapers. Harbinger Capital Partners grabbed two seats at The New York Times Company’s board as it increased its ownership, now close to 20%. The stake is currently valued at $520m. Pressure on the Times management for decisive changes will keep mounting. > story in Reuters

By Frédéric Filloux | Posted in Uncategorized | Comments (1)

Truce at the NY Times

March 24, 2008 – 1:33 pm

TweetThe New York Times Company has reached a deal with Harbinger Firebrand, the hedge fund that was knocking (hard) on its door. For the first time since it became public in 1967, the Times will open its board to outsiders. The two new directors will advocate asset sales (the Boston Globe for instance) as well [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (1)

At the NY Times, job cuts and outsiders pressure

February 18, 2008 – 4:05 pm

TweetThe New York Times caught between Wall Street and Wall Street. On one side of the The Street, the group faces a major offensive of the Harbinger/Firebrand hedge fund which now owns 10.5% of its stock. The attacker is pushing hard for a board upheaval. In response, the Times made some changes on his board [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (0)

Shareholders on the offensive at the NY Times

February 11, 2008 – 4:28 pm

TweetNot everyone is discounting the value of great newspapers. Take Scott Galloway for instance. He’s leading the fight for a board position at the New York Times after Firebrand/Harbinger LLC, a company created for this offensive, disclosed a 4.9% stake in the capital of the NY Times Company. His pitch : creating more value for [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (0)

Hedge Fund eyeing on The NY Times

January 28, 2008 – 1:10 am

TweetHarbinger Capital Partners, an Alabama-based hedge fund, gave notice Friday that it would try to elect directors to The New York Times Company board. The very same day, Harbinger did the same with Media General, a Virgina based company that owns 25 newspapers and 75 online properties. The Times is almost immune from an unwanted [...]

By Frédéric Filloux | Posted in Uncategorized | Comments (0)