CNBC’S David Faber is reporting that the fundraising effort by 70-year-old Michael Eisner, the former chairman/CEO of Walt Disney, kicked off last week and is being led by JP Morgan. He wants to raise $800 million for a new film and television production company, says Faber quoting people who have been approached about investing. What’s sought is $400 million in equity in a private placement and place $400 million in debt financing.
Former Walt Disney Co. Chief Executive Michael D. Eisner is in discussions that could lead to his return to the media spotlight – as chairman of the now-bankrupt Tribune Co. The media company’s largest creditors are having prelimina... Read Post
Tribune Co.'s largest creditors are in preliminary talks with former Walt Disney Co. CEO Michael Eisner to take the chairman role and Jeff Shell, who currently runs Comcast's cable networks, to become CEO. Read Post