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Stories tagged with Hearst-Argyle Television

Hearst needs a re-write on TV takeover

By Gary Jacobson   |   October 1, 2007 at 7:55am   |   0 Comments

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 Comments

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.


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