One paragraph in this report about the disposal of the intellectual assets of the Rocky Mountain News caught my attention:
Another party familiar with the potential sale is Brian Ferguson, the Texas-based investor whose group seriously considered making a run at the Rocky before eventually backing away. Ferguson and his fellows control what he describes as “a good chunk” of A.H. Belo, the corporation that owns the Dallas Morning News, and they’re also Scripps shareholders — and he continues to covet the Rocky‘s intellectual property…
What does “good chunk” mean? The last time we looked, his group had bought 6% of the common shares. The company famously has a two-tier stock system, like the New York Times, designed to protect the Dealey family’s control against the likes of Ferguson and other would-be intruders. So what’s the play? For an answer, see the July issue of the print product, soon to be on a newsstand near you.
