![]() The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at Lincoln Journal Star. Zippia gives an in-depth look into the details of Lincoln Journal Star, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lincoln Journal Star. Lincoln Journal Star is a small media company based in Lincoln, NE with only 194 employees and an annual revenue of $16.0M. Pay at Lincoln Journal Star is significantly lower than some of its highest paying competitors, like Shaw Media, Journal Community Publishing Group, and Sioux City Journal, which pay $58,212, $56,517, and $56,332, respectively. The average employee at Lincoln Journal Star makes $44,147 per year. Want to explore some other great places to work in Lincoln, NE? You can check out our full list of Best Companies to Work For in Lincoln, NE. This time-proven company loves to hire graduates from University of Nebraska - Lincoln, with 44.8% of its employees having attended University of Nebraska - Lincoln. Lincoln Journal Star is a well-established company. The Lincoln Journal Star is based in Lincoln, Nebraska. The Lincoln Journal Star is a division of Lee Enterprises with approximately 450 employees in many fields such as finance, advertising, circulation, editorial, engineering, maintenance, information systems, marketing, and production. It also provides its users with mugshots, opinions, classifieds, obituaries, and a separate business guide. Its online platform provides news and information related to business, sports, politics, entertainment, deals, careers, and more. The Lincoln Journal Star also owns and operates the Beatrice Daily Sun, Fremont Tribune, Columbus Telegram, Schuyler Sun, David City Banner Press and Plattsmouth Journal. In addition, it is engaged in publishing several niche publications, websites, and handling a commercial printing operation. It is the publisher of a key newspaper in the area. In Nebraska, where Lee owns 12 newspapers, Omaha World-Herald News Guild President Todd Cooper said an Alden takeover would harm local, daily news in the state and region.The Lincoln Journal Star is a provider of news and information in Southeast Nebraska. The plan would sell new shares to current stockholders at premium prices, making Alden’s takeover bid more difficult and less attractive. Lee’s board quickly adopted a “poison pill” plan which dilutes shares if Alden begins staging a hostile takeover. The hedge fund offered $24 per Lee share, or roughly $141 million. The hedge fund’s proposal to purchase Lee Enterprises and its many newspapers came in late November, casting alarm through Lee-owned newsrooms. Lee Enterprises is headquartered in Davenport, Iowa and owns ten newspapers in the state. Alden is not entitled to invent its own process for its convenience.”Īlden did not immediately respond to a request for comment. “Alden’s failure is entirely of its own making. “Alden’s hasty and convoluted attempt to work around our simple and common procedure on the eve of the nomination deadline does not meet the clear requirements of Lee’s bylaws,” a statement from Lee read. Lee said in a statement that Alden made its nominations through a third-party that does not own Lee shares and “failed to meet the most basic and most important requirements” on the nomination process. During its purchase of Tribune Publishing, the hedge fund slowly gained seats on Tribune’s board as part of its strategy for acquiring control of the company. Gaining seats on the boards of companies it hopes to purchase is a tactic Alden has used in past takeovers. The deadline for nominees to Lee’s board has passed, however, and Lee says Alden will not be able to try again. The nominees would have been considered at the company’s 2022 quarterly meeting next Thursday. Louis Post Dispatch, the Omaha World-Herald and many other daily newspapers throughout the region, is staving off a takeover attempt by Alden Global Capital, a New-York based hedge fund.Īlden is infamous for slashing jobs at the newspapers it purchases, among other cost-saving measures. On Friday, Lee rejected a trio of nominees Alden Global Capital nominated to its board of directors, claiming the nominations are invalid due to an error Alden made in the filing process that violated the board’s by-laws. A fight for control of 77 newspapers, 24 of which are located in the Midwest, continues as a hedge fund known for slashing newspapers hit a speed bump in its plans to acquire Lee Enterprises Inc.
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