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Herbert J Siegel

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BUSINESS
May 6, 1989 | KATHRYN HARRIS, Times Staff Writer
As time nears for the merger of Warner Communications Inc. and Time Inc., the two media giants made a preemptive legal move Friday to neutralize Warner's biggest and most dissident shareholder, Chris-Craft Industries, which has never publicly swung its weight behind the deal. With the filing of a Delaware lawsuit, Warner has effectively agreed to allow Chris-Craft to determine the destiny of Warner's 42.5% stake in Chris-Craft's BHC broadcasting subsidiary--but it seeks the court's help in speeding a Chris-Craft decision.
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BUSINESS
May 23, 1989 | KATHRYN HARRIS, Times Staff Writer
A settlement in the stormy five-year marriage between Chris-Craft Industries and Warner Communications Inc. was announced Monday, removing an obstacle to Warner's announced plan to merge with Time Inc. Time and Warner immediately set Friday, June 23, as the date for their respective shareholders meetings in New York. Proxy materials for both companies were cleared Monday by the Securities and Exchange Commission. With the two developments, the stage is set for any challenge that might materialize to the Time-Warner merger.
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BUSINESS
June 2, 1987 | AL DELUGACH, Times Staff Writer
Disclosing new rancor in a growing feud with its biggest shareholder, Warner Communications said Monday that Chris-Craft Chairman Herbert J. Siegel has threatened to oppose the reelection of Warner Communications Chairman Steven J. Ross and another director, Lawrence D. Buttenwieser. Five of the 15 directors are up for reelection at Warner's annual meeting June 24.
BUSINESS
May 6, 1989 | KATHRYN HARRIS, Times Staff Writer
As time nears for the merger of Warner Communications Inc. and Time Inc., the two media giants made a preemptive legal move Friday to neutralize Warner's biggest and most dissident shareholder, Chris-Craft Industries, which has never publicly swung its weight behind the deal. With the filing of a Delaware lawsuit, Warner has effectively agreed to allow Chris-Craft to determine the destiny of Warner's 42.5% stake in Chris-Craft's BHC broadcasting subsidiary--but it seeks the court's help in speeding a Chris-Craft decision.
BUSINESS
May 21, 1987 | KATHRYN HARRIS, Times Staff Writer
Chris-Craft Chairman Herbert J. Siegel has moved his long-simmering feud with Warner Communications to a Delaware court, suing to gain access to a potentially embarrassing internal document about the company's dealings with a now-defunct theater linked to organized crime.
BUSINESS
May 23, 1989 | KATHRYN HARRIS, Times Staff Writer
A settlement in the stormy five-year marriage between Chris-Craft Industries and Warner Communications Inc. was announced Monday, removing an obstacle to Warner's announced plan to merge with Time Inc. Time and Warner immediately set Friday, June 23, as the date for their respective shareholders meetings in New York. Proxy materials for both companies were cleared Monday by the Securities and Exchange Commission. With the two developments, the stage is set for any challenge that might materialize to the Time-Warner merger.
BUSINESS
May 23, 1987 | KATHRYN HARRIS, Times Staff Writer
A Delaware judge ruled Friday that Warner Communications must turn over a sealed report of an internal probe to Chris-Craft Chairman Herbert J. Siegel, who controls a 17% voting stake in Warner and serves on the Warner board. With the ruling, Siegel appears to win the most recent round in his long-running feud with Warner. But Warner Vice President Geoffrey W.
BUSINESS
June 5, 1985 | KATHRYN HARRIS, Times Staff Writer
Chris-Craft Industries, exasperated by its 15-month experience as Warner Communications' largest shareholder, Tuesday shed its "white knight" cloak with a declaration that it may increase its 28.5% voting stake or align with other shareholders to force certain changes at Warner. In a filing with the Securities and Exchange Commission, Chris-Craft disclosed that talks with an investor group led by Warner Chairman Steven J.
BUSINESS
August 26, 1986 | KATHRYN HARRIS, Times Staff Writer
Chris-Craft Industries, the largest shareholder of Warner Communications, has baffled analysts by saying that it might sell a portion of its holdings. The disclosure--made in a filing at the Securities and Exchange Commission late last week--came one day after Chris-Craft lost a board room vote to block Warner's sale of $500 million in new convertible preferred stock. The new stock dilutes Chris-Craft's voting shares to 17.4%, down from 29.1%.
BUSINESS
June 2, 1987 | AL DELUGACH, Times Staff Writer
Disclosing new rancor in a growing feud with its biggest shareholder, Warner Communications said Monday that Chris-Craft Chairman Herbert J. Siegel has threatened to oppose the reelection of Warner Communications Chairman Steven J. Ross and another director, Lawrence D. Buttenwieser. Five of the 15 directors are up for reelection at Warner's annual meeting June 24.
BUSINESS
May 23, 1987 | KATHRYN HARRIS, Times Staff Writer
A Delaware judge ruled Friday that Warner Communications must turn over a sealed report of an internal probe to Chris-Craft Chairman Herbert J. Siegel, who controls a 17% voting stake in Warner and serves on the Warner board. With the ruling, Siegel appears to win the most recent round in his long-running feud with Warner. But Warner Vice President Geoffrey W.
BUSINESS
May 21, 1987 | KATHRYN HARRIS, Times Staff Writer
Chris-Craft Chairman Herbert J. Siegel has moved his long-simmering feud with Warner Communications to a Delaware court, suing to gain access to a potentially embarrassing internal document about the company's dealings with a now-defunct theater linked to organized crime.
BUSINESS
June 5, 1985 | KATHRYN HARRIS, Times Staff Writer
Chris-Craft Industries, exasperated by its 15-month experience as Warner Communications' largest shareholder, Tuesday shed its "white knight" cloak with a declaration that it may increase its 28.5% voting stake or align with other shareholders to force certain changes at Warner. In a filing with the Securities and Exchange Commission, Chris-Craft disclosed that talks with an investor group led by Warner Chairman Steven J.
BUSINESS
April 18, 1986 | KATHRYN HARRIS
Warner Communications, relishing its continued rebound from Atari losses of two years ago, reported a 42% earnings jump to $30.5 million for the three months ended March 31. Revenue increased 22% to $688.6 million. Although Warner reported gains in each of its four business segments, the filmed entertainment unit turned in the best performance, with operating income of $45 million, up 11% from the first quarter of last year.
BUSINESS
July 17, 1986 | KATHRYN HARRIS, Times Staff Writer
Warner Communications, which has rebounded from its Atari losses of 1983 and 1984, on Wednesday proposed raising about $500 million through a stock offering that might be used for new ventures. At the same time, the company acknowledged that the offering would dilute its largest shareholder's stake. Until this month, Chris-Craft Industries held 29.1% of Warner's voting shares, primarily in the form of preferred stock.
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