POST DISPATCH ZIP
Navigate to the search box at the bottom of this page and enter your home delivery zip code. Louis Post-Dispatch home delivery is available in my area? Contact Editor Jason Hancock for questions: Follow Missouri Independent on Facebook and Twitter.Where can I check to see if St. Missouri Independent maintains editorial independence. Missouri Independent is part of States Newsroom, a network of news bureaus supported by grants and a coalition of donors as a 501c(3) public charity. This story comes from the Midwest Newsroom, an investigative journalism collaboration including IPR, KCUR 89.3, Nebraska Public Media News, St. Harris Kupperman is president of Praetorian Capital and the company’s second-largest shareholder with 7.3% of Lee’s shares. He has been critical of Alden’s takeover attempt, calling the offer “insufficient and opportunistic.” Last month, Lee Enterprises laid off two top editors at the Omaha World-Herald, garnering criticism from journalists and the Omaha community. Gordon said while Lee isn’t the best steward of its newspapers, an Alden alternative could spell doom for Midwest newspapers. Gordon and the other news unions under Lee urged the company to continue fending off Alden’s proposition for a sale. In November, Lee rebuffed a $141 million bid from Alden, a hedge fund with a reputation for saddling its newspapers with debt, aggressively cutting costs and downsizing newsroom payrolls.Īlden Global Capital did not immediately respond to a request for comment on the shareholders’ vote. Louis Post-Dispatch and 23 other Midwest newspapers. In a statement, Lee said shareholders re-elected chairman Mary Junck, chief executive Kevin Mowbray and lead independent director Herbert Moloney with each getting more than 70% votes cast in their favor. That fended off a campaign by Alden Global Capital that aimed to unseat the incumbent directors after a judge denied its request to put forth its own board of director nominees. Lee Enterprises shareholders voted to re-elect three board of director nominees at its annual shareholder meeting. The owner of several large newspapers in the Midwest on Thursday rebuffed the latest attempt at a takeover by a hedge fund known for gutting the news outlets it buys. MaShareholders for Post-Dispatch owner reject hedge fund’s effort to shake up its boardīy Kavahn Mansouri, Missouri Independent March 11, 2022 Shareholders for Post-Dispatch owner reject hedge fund’s effort to shake up its board This story comes from the Midwest Newsroom, an investigative journalism collaboration including IPR, KCUR 89.3, Nebraska Public Media News, St. “It will be interesting to see at what point Alden attempts to make a different offer and everybody will be keeping on the stock as well which has come down some but is still considerably higher than what Alden offered.” “I don’t think Alden is going anywhere,” Gordon said. Gordon said he expects Alden will continue pressuring Lee for a sale. “That’s money that should be reinvested in the business, not in lawyers,” Kupperman said. Kupperman said he was disappointed to see Lee Enterprises spend money fighting Alden’s “vote no” campaign. Digital is the future and they need to go faster.” “I think they’re doing the right thing by transitioning to digital. They could always do a better job but for right now shareholders like the path they’re on,” Kupperman said. “I think it shows that shareholders think the current path is a good path. On Thursday, he applauded shareholders for re-electing Junck, Mowbray and Moloney. He has been critical of Alden’s takeover attempt, calling the offer “insufficient and opportunistic.” Harris Kupperman is president of Praetorian Capital and the company’s second-largest shareholder with 7.3% of Lee’s shares. Last month, Lee Enterprises laid off two top editors at the Omaha World-Herald, garnering criticism from journalists and the Omaha community. “We will continue to stress the need to invest in journalism,” Gordon said. Gordon said while Lee isn’t the best steward of its newspapers, an Alden alternative could spell doom for Midwest newspapers. “But in this case - given the fact that Alden was making a hostile takeover attempt and does not commit to journalism to the level Lee has - we actually voted our shares in favor of the existing board.” “Normally the guild would be skirmishing with the board over issues,” Gordon said. Louis Post-Dispatch, said the union’s members voted their combined 300 shares to re-elect Lee’s nominees.
Jeff Gordon, president of the union that represents staffers at the St.
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