August 9, 1991 |
Oakland Tribune publisher Robert C. Maynard, bitterly accusing media giant Gannett Co. of "killing" his troubled newspaper, said Thursday that the daily would be forced to close next Wednesday if Gannett does not change its position on a debt repayment. Maynard said an unidentified investor had agreed to pump desperately needed capital into the paper. But the deal required Gannett, which sold the paper to Maynard in 1983, to accept $2.5 million as full repayment for the $31.
May 31, 1991 |
In a move to expand its Columbia Pictures Entertainment complex, Sony Corp. has quietly signed an agreement to purchase the historic Culver Studios for $70 million to $75 million. The 17-acre Culver City lot, which contains 14 state-of-the-art sound stages, is expected to serve eventually as headquarters for Columbia's television operations. Culver Studios is the site where much of "Gone With the Wind," including the burning of Atlanta, was shot.
CALIFORNIA | LOCAL
October 17, 1990 |
The former sidekick to popular morning radio personality Rick Dees filed a lawsuit Tuesday alleging that she was fired because the station perceived her as too family oriented and not young or sexy enough to suit Dees. Liz Fulton, who was let go from her job at KIIS-FM about six months ago, also contends in the suit that she was often the object of Dees' on-air sexual jokes while employed at the station. Dees frequently referred to her on the air as Liz (Rugburn) Fulton, she said.
October 2, 1990 |
The Gannett Foundation said Monday that it had rejected a bid from Gannett Co. to buy its 10% share in the company for $540 million and that it was formally authorizing its investment bankers to explore other offers. The rejection is the latest turn in the strange feud between querulous former Gannett Chairman Allen H. Neuharth, who controls the foundation, and his old company.
August 31, 1990 |
Gannett Co. will consolidate its two newspaper divisions, with Gary Watson as president of the new group, effective Oct. 1. Watson, 45, a 21-year veteran at Gannett, will oversee all of Gannett's daily papers, except USA Today. Gannett is the nation's largest newspaper chain, with 137 daily and non-daily papers. Watson has been president of Gannett's 60-member community newspaper division since December, 1985.