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Lee Enterprises Rejects Hostile Takeover Bid

4 years ago


Post-Dispatch parent company Lee Enterprises announced today that their board of directors rejected the offer from New York City-based hedge fund Alden Global Capital to buy Lee for $24 a share.

“The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today, as the fastest-growing digital subscription platform in local media, and our compelling future prospects,” said Lee Chairman Mary Junck in a news release.

In November, Alden announced its unsolicited bid to buy Lee, which owns more than 70 newspapers, mostly in the Midwest. The news was cause for concern for the future of St. Louis's paper of record.…
Ryan Krull

Here’s the Story of What Happened After Shark Tank Success for Flipstik

4 years ago

Akeem Shannon’s St. Louis Startup ”Flipstik” goes from TV show “Shark Tank” to make $100,000 a week.

Flipstik - a mobile phone accessory serving as many tools has grown and expanded operations.

Flipstik has been fortunate enough to win an Arch Grant and UMSL DEI of $50,000, which they believe that St. Louis has favoured its growth and success thus far.

Check out the full story by Nathan Rubbelke on STL Inno.

St. Louis Inno

Holiday Extravaganza at St. Louis Artworks

4 years ago
Holiday Extravaganza at the St. Louis Artworks Saturday, December 11th from 10 AM to 3 PM St. Louis Artworks, 5959 Delmar, St. Louis, MO 63112   St. Louis ArtWorks will host its Fall sale during the Holiday Extravaganza, on Saturday, December 11, 2021, from 10:00 AM – 3:00 PM. More than 30 youth apprentices participated […]
Rachelle L'Ecuyer

Why Clockwork AI Left St. Louis

4 years ago
Fady Hawatmeh wrapped up his software startup from St. Louis and moves to Chicago in less than a year.

The founder of Clockwork was awarded $50,000 from Arch Grants, which also comes with a condition to relocate operations to St. Louis for at least a year.

However, plans changed and his vision at St. Louis was short-lived due to the racial discrimination.

Check out the full story by Nathan Rubbelke on STL Inno.

St. Louis Inno

St. Louis County Mask Mandate Ends

4 years ago

The mask mandate in St. Louis County has come to an end.

After the St. Louis County Council declined to hold a vote at their December 7 meeting and a Cole County decision declaring all health orders “null and void,” St. Louis County’s acting health director Dr. Faisal Khan has withdrawn a face covering order issued on September 27.

“I continue to strongly recommend that St. Louis County residents and guests wear masks indoors in public spaces,” Khan wrote in his letter. “Masks save lives.”

Fox 2 reports that county officials revealed the withdrawal this morning in court with Judge Nellie Ribaudo, citing the Cole County decision and Schmitt’s refusal to appeal — despite a request from the Department of Health and Senior Services’ director to do so — and the county council not taking a vote on the mask mandate.…
Jenna Jones