In a highly unusual move during a takeover, Standard Media CEO Deb McDermott tries to calm rumors and concerns about staff cuts.
It objects to the request from investor Standard Media that Standard’s Soo Kim and three others be added, citing “serious concerns about Mr. Kim’s prior business and board service, including a track record of endorsing and executing corporate actions in favor of his own investments to the detriment of other shareholders.”
DMAS 53 & 111
McDermott In The Station Game With WLNE, KLKN
Deb McDermott’s new Standard Media is buying the Providence, R.I., and Lincoln, Neb., ABC affiliates from Phil Lombardo for $83 million and she says she’s looking for more.
