DHX Media's Board Appoints New Director; Strategic Review Continues
DHX Media's Board Appoints New Director; Strategic Review Continues |
[27-June-2018] |
HALIFAX, June 27, 2018 /PRNewswire/ - DHX Media Ltd. (or the "Company") (TSX: DHX), (NASDAQ: DHXM), a leading global children's content and brands company, announces that Jonathan Whitcher, Chief Investment Officer of Fine Capital Partners, L.P. ("Fine Capital"), has been appointed to the Company's Board of Directors (the "Board"), effective June 26, 2018.
"We are pleased to strengthen our Board with the addition of Jonathan Whitcher," said Don Wright, Lead Director, DHX Media. "Jonathan has a particularly strong understanding of efficient capital allocation and capital markets in the United States, as well as a good understanding of our business and the opportunities in the global kids' content market." Jonathan Whitcher added: "I look forward to working with Michael Donovan and the Board to maximize the value of DHX Media's strong portfolio of assets." Strategic review continues; Sony sale on track In addition, the Special Committee of the Board is continuing its strategic review. Management and the Special Committee continue to process multiple opportunities and expect to report back in due course. The Special Committee confirms that the previously announced sale of a minority stake in Peanuts to Sony is on track and expected to close in July 2018. About Jonathan Whitcher Jonathan Whitcher has been with Fine Capital since inception in 2004 and currently serves as Chief Investment Officer. Fine Capital is a New York-based fund, predominantly managing U.S. equity assets for endowments and foundations. Fine Capital adheres to a strict value investing style with a focus on out-of-favor companies that exhibit a large disparity between their market value and their intrinsic value. Fine Capital looks for companies that have a path to significantly improved earnings and cash flow. Before joining Fine Capital, Mr. Whitcher was an Equity Research Analyst at Citigroup Asset Management. He received a B.A. in Economics from Northwestern University. About DHX Media Disclaimer
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Company Codes: NASDAQ-NMS:DHXM, Toronto:DHX |
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