Investors Slam Hearst-Argyle's Offer

Farrell, Mike
September 2007
Multichannel News;9/3/2007, Vol. 28 Issue 35, p19
Trade Publication
The article reports on the call of some investors for Hearst Corp. to reject its tender offer for the remaining 27% of Hearst-Argyle Television Inc. it does not own. If such deal is completed, Hearst-Argyle will become a wholly-owned subsidiary of the company. Marathon Partners stresses the inadequacy of the offer. Television analyst John Blackledge asserts that such offer is too low for shareholders.


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