Qatar's sovereign wealth fund may seek a supervisory board seat and strategic partnership with Lagardere, potentially deepening its ties with the French media-to-aerospace conglomerate in which it is the biggest shareholder.
Qatar Holdings said in a letter published on Tuesday by French stock market regulator AMF it may raise its stake, but would not seek to take over the company.
Lagardere is effectively insulated from takeover by a governance structure, known as a commandite. This gives broad powers to chief executive Arnaud Lagardere.
Hearst Corporation and iCrossing today announced an agreement for Hearst to acquire iCrossing, one of the largest independent digital marketing services providers in the world. The announcement was made by Frank A. Bennack, Jr., vice chairman and CEO, Hearst Corporation, and Don Scales, president and CEO, iCrossing.
Continuing its efforts to bring its exclusive coverage of drums, drummers, and drumming, along with its acclaimed editorial and educational content, to an ever-expanding number of readers around the world, Modern Drummer magazine has announced the completion of two exciting new initiatives aimed at increasing the distribution of both its print and digital editions.
Global ad spending fell 7.2 percent during 2009's first quarter
In a letter to its membership this afternoon, BPA announced a number of rule amendments. Here's the letter: