We need to own the news, here’s how.. CrowdFunding

CFB News Wire. How would the companies be run afterwards?
The aim would be to change very little in how the companies are run, other than instead of the editors being answerable to Rupert Murdoch and a News Corp executive, they would be answerable to a board of directors elected by the shareholders. We propose a normal company structure with a few alterations.

newspaper2 1-b62d0c597e
• 1% ownership cap – There would be a 1% cap on ownership for any individual or entity to ensure no one gains control.
• Contested board of director elections – There would be an open process to nominate members to the board of directors and the Chairman would be required to ensure that elections were contested. This would ensure that shareholders feel engaged with the management of the
newspapers.
• Direct engagemessues to be investigated and voting on a charter of principles to guide the management of the newspaper.  How would you sell of buy sharent – In addition to voting on the board we also propose a number of ways for direct engagement such as shareholders voting on is afterwards?  There are a number of options for creating a secondary market after the acquisition to allow people to buy and sell shares. An existing platform for trading shares in private companies could be used,
or a bespoke platform could be built.  Example bespoke platform – One option for a bespoke platform would be a set window of annual  trading. After the annual financial statements are published a number of third parties would publish reports estimating the valuation. There would then be 7 successive rounds where individuals can tender to buy or sell shares at a certain valuation. After each round you are told the clearing price of the round and whether your order was matched. Tenders are binding and can only be improved in subsequent rounds to avoid individuals gaming the process. This allows people to sell their shares
without the short term pressures and costs created with daily trading on the stock market. And it concentrates liquidity into a set period to allow people to trade in what will be a small company versus most listed companies .5 Why would News Corp sell?
• News Corp considered selling the UK newspapers before

Lets Own The News Proposal

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