Stories tagged with Gilbert Maurer
Hearst needs a re-write on TV takeover
By Gary Jacobson | October 1, 2007 at 7:55am | 0
TV can be a goofy business, but this couldn’t be the script the boys in Hearst Tower had in mind when they offered $600 million a few weeks ago for the small piece of Hearst-Argyle Television they don’t already own.
A special committee of Hearst-Argyle directors advised against the deal last week, calling it “inadequate” and saying it is “not in the best interests” of stockholders, other than Hearst.
