The RoanokeSlant
This file is a US personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant...... lbhagen@aol.comFriday, November 26, 2021
Roanoke Times And Poison Pills
The owner of The Roanoke Times and other newspapers in Virginia said Wednesday it had approved what’s known as a “poison pill” plan to guard against a hostile takeover as it considers New York hedge fund Alden Global Capital’s unsolicited offer to buy it.
https://roanoke.com/business/local/lee-enterprises-owner-of-roanoke-times-adopts-poison-pill-as-it-weighs-alden-offer/article_d4252a9e-e26e-5b99-baba-ce95c5d86d9b.html
Davenport, Iowa-based Lee Enterprises’ plan would kick in if Alden gets control of 10% or more of Lee’s stock in the next year. At that point, other shareholders could buy shares at a 50% discount or get free shares for every share they already own. Flooding the market with additional shares would dilute the stock, making it more expensive for Alden to acquire a controlling stake. Alden said in a filing Tuesday it owns 6.1% of Lee.
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The Reality is that the Roanoke Times swallowed a ‘poison pill’ long ago.
It was when they decided to become a member of the PravdaMedia, a component of the Left-Wing Democrat political organization.
The result was ‘writing-off’ 50+% of their potential customers in order to promote the Socialists and Progressives of the Democrat Party.
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Now they’re contemplating swallowing yet another ‘poison pill.
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One might just reflect on the values of the RT paper's original owner, M. H. Claytor and what might have been IF they had simply followed his vision.
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First editorial, Nov 30, 1886, by Mr. Claytor, first owner and editor of the Roanoke Times outlines the paper’s philosophy including:
• It has no pets to reward and no enemies to put down.
• It will endeavor to be truthful.
• It is the mouthpiece of no order, corporation, party nor clique.
• To the fostering of our infant manufactories, to the development of our mineral resources and the cultivation of our fertile fields, must we direct our best efforts if we would make this Southern land of ours blossom as the rose.
http://roanokeslant.blogspot.com/2011/11/roanoke-times-wanders-far-from-their.html
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Alden hedge fund wants to buy one of the last independent newspaper chains
https://www.washingtonpost.com/media/2021/11/22/alden-lee-enterprises/
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