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Archive for the 'media' Tag

At Meredith Corp., “Improvement Plan” Leads to Big Raises

Monday, September 28th, 2009

Publishing companies are still taking a beating, and that’s certainly true at Meredith Corp. (MDP), the Iowa-based media giant that owns 12 television stations and a radio station; it also publishes books and countless magazines, including classics such as Ladies’ Home Journal, Better Homes and Gardens, and Family Circle. In Meredith’s annual report, filed August 25, [...]

On Harbinger and The New York Times…

Monday, May 18th, 2009

For the past week, there’s been all sorts of chatter that billionaire David Geffen is interested in buying The New York Times Co. (NYT). In this morning’s paper, Times media columnist David Carr examines various scenarios. Most of the chatter focuses on Geffen’s interest in the nearly 20% stake that Harbinger Capital Partners owns, though [...]

Dear Martha Stewart…

Friday, April 3rd, 2009

We don’t normally write posts in letter format. But we were inspired to do so by the two letters that Martha Stewart Omnimedia (MSO) added to its recent proxy statement. The letters — one from Executive Chairman Charles Koppelman, Co-CEOs Wenda Harris Millard and Robin Marino and a second from Martha Stewart — were so [...]

On golden coffins…

Monday, January 26th, 2009

Last week, investors at Johnson Controls (JCI) defeated a proposal by Amalgamated Bank to ban so-called golden coffin arrangements — deals that as the WSJ reported last June pay “huge corporate payouts to their heirs if they die in office.” The proposal is a new one that so far (and the season is still early) [...]

Reading between the lines at The New York Times…

Thursday, January 22nd, 2009

As footnoted regulars know, it’s often a subtle change in words buried deep in a filing that speaks volumes. Take the 8K filed by The New York Times (NYT) late yesterday. Though the news about Mexican billionaire Carlos Slim’s $250 million loan first broke over the weekend, the actual agreement wasn’t filed until yesterday. One [...]