Former Goldman Banker and Political Donor to Be Named BBC Chairman
Richard Sharp will step into a role that requires a politician’s touch as the broadcaster faces threats to its funding from the governing Conservative Party.
The BBC is facing threats to its funding from the Conservative government. Credit.Daniel Leal-Olivas/Agence France-Presse Getty Images
Jan. 6, 2021
LONDON Richard Sharp, a former Goldman Sachs banker and adviser to the British government, is expected to be named the next chairman of the BBC, to lead the public broadcaster through a critical period as its purpose, funding and sustainability are reviewed.
Mr. Sharp will take the helm at the broadcaster amid long-running complaints by the governing Conservative Party over its coverage and the mandatory license fees paid by households to finance it. The BBC reported on Mr. Sharp’s appointment after an initial report by Sky News. An official announcement is expected in coming days.
By Reuters Staff
2 Min Read
(Reuters) -Tribune Publishing Co’s largest shareholder, Alden Global Capital, said on Thursday it had offered to take full control of the owner of the Chicago Tribune in a deal that values the company at $520.6 million.
Alden, known for its hostile takeover bids of publishing companies, has a 32% stake in Tribune.
The hedge fund’s offer valued the newspaper chain at $14.25 per share, representing a premium of 11.4% to the company’s shares last closing price.
Tribune designated a three-member committee of its board of directors to act on its behalf in respect of the offer Alden made on Dec. 14, it said late on Thursday, adding that it will not disclose developments unless the committee determines there is a need to.
UPDATE 2-Hedge Fund Alden Global Offers to Buy Tribune Publishing newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
(Reuters) -Tribune Publishing Co’s largest shareholder, Alden Global Capital, said on Thursday it had offered to take full control of the owner of the Chicago Tribune in a deal that values the company at $520.6 million.
Alden, known for its hostile takeover bids of publishing companies, has a 32% stake in Tribune.
The hedge fund’s offer valued the newspaper chain at $14.25 per share, representing a premium of 11.4% to the company’s shares last closing price.
Tribune designated a three-member committee of its board of directors to act on its behalf in respect of the offer Alden made on Dec. 14, it said late on Thursday, adding that it will not disclose developments unless the committee determines there is a need to.
Preventing the Death of Independent Journalism outlookafghanistan.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookafghanistan.net Daily Mail and Mail on Sunday newspapers.