Stories tagged with Hearst-Argyle Television
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.
Bruce Sherman and Hearst-Argyle
By Gary Jacobson | August 27, 2007 at 7:14am | 0
Florida investor Bruce Sherman finds himself in the midst of another media company buyout. This time it’s Hearst-Argyle Television, which received an offer from majority shareholder Hearst Corporation.
Hearst, a privately held publisher of newspapers, magazines and Internet properties, already owns more than 73 percent of the broadcaster’s shares. It is offering $600 million for the remainder.
