Upon his retirement in 1907, Pulitzer wrote what is now referred to as the paper's platform: Louis Post and Dispatch, but its name was changed to the current title the following year. Its first edition, 4020 copies of four pages each, appeared on December 12, 1878. Louis Dispatch by owner and editor Joseph Pulitzer. The newspaper was founded by the 1878 merger of the St. Her use of the word "target" once in the headline and twice in the blog post is indicative of a desire to portray the initiative in a negative light. This blog post referred to the Missouri Civil Rights Initiative 2008. Louis Post-Dispatch staffer Jo Mannies published an item on the newspaper's online blog with the title Missouri a target of group opposing racial preferences. 2 Newspaper's posture toward specific Missouri ballot initiativesĪttitude to ballot initiative process in Missouri Newspaper's posture toward specific Missouri ballot initiatives.1 Attitude to ballot initiative process in Missouri.Louis Public Radio, KCUR, Iowa Public Radio, Nebraska Public Media and NPR. Follow him on Twitter: Midwest Newsroom is an investigative journalism collaboration including St. Kavahn Mansouri is the Midwest Newsroom’s investigative reporter. “Alden not only grossly undervalues journalism, it grossly undermines it.” “We must remain vigilant - this offer won’t be the assassin’s last,” the post read. The Omaha World-Herald union’s Twitter account stated Lee must remain “vigilant.”
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“It's good for shareholders, it's good for journalists and it's good for the communities they serve. “The board made the right decision here,” Kupperman said. He noted that Lee stock was up 10% Thursday morning, or roughly $27 a share. “Alden’s proposed purchase price is clearly insufficient and opportunistic, grossly undervaluing the business.”Īfter the vote, Kupperman said the board sent “the right message” with their decision, calling the rejection of Alden’s offer a win for Lee. I simply do not understand what needs to be evaluated here,” Kupperman wrote. On Wednesday the paper’s second-largest shareholder Harris Kupperman demanded the newspaper company reject Alden’s offer, calling it “insufficient and opportunistic.” The board’s decision comes after pushback against Lee’s proposal from the newspaper companies' unions, and the company itself, which adopted a poison pill strategy to fend off Alden’s takeover bid. “The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today, as the fastest-growing digital subscription platform in local media, and our compelling future prospects,” Junck said in the statement.
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The company saw 37% growth in digital revenue and 65% growth in digital-only subscriptions, according to the statement. In a separate statement released Thursday morning, Lee reported new growth in its fourth-quarter results. Louis Post-Dispatch, the Omaha World-Herald, the Sioux City Journal and 21 other daily newspapers throughout Missouri, Iowa and Nebraska. If approved, Alden would take over the St. Last month, Alden Global Capital revealed a proposal to purchase Lee Enterprises and its newspapers at $24 a share, casting alarm through the many newsrooms owned by Lee. We have demonstrated accelerating momentum across our platforms as we execute our plan,” Junck said in a statement.
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“We remain confident in our ability to create significant value as an independent company and are focused on our Three Pillar Digital Growth Strategy, detailed earlier this year. In a Thursday morning announcement, Lee’s board chair Mary Junck said Alden’s $141 million proposal “grossly undervalued” the newspaper company and its growing digital business. Lee Enterprises, a major media company based in Iowa, rejected an unsolicited buyout offer from Alden Global Capital, a hedge fund known for drastically downsizing the newspapers it owns.