In 2013, Terri Cope-Walton—a broadcast journalist almost by accident—became Indianapolis’ first black television news director. She compares a news show to a picnic: It’s only good if there are a variety of options to consume.
The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.
Smulyan's offer, which valued the radio station company at about $50 million, failed to win over the independent directors who evaluated it—attorney Susan Bayh and former CBS Television CEO Peter Lund.
The announcement comes on the eve of the latest deadline that CEO Jeff Smulyan set for shareholders to accept his offer to buy back the company's stock and one day after Emmis said it would sell four Terre Haute radio stations.
The announcement comes as Emmis CEO Jeff Smulyan continues to try to gain board approval for his $4.10-per-share offer to take the media company private. He has extended his offer three times, and it's now set to expire Friday.
The additional extension might be a sign Smulyan and the board are at odds over price. In a letter to directors evaluating the deal, Smulyan offered no details, stating, “Our entire team looks forward to further discussions ... to complete a mutually acceptable transaction.”