GBFE - GOLDEN BOOKS FAMILY ENTMT INC Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Copia who wrote (17)	11/24/1998 3:26:00 PM
From: JEM	Read Replies (1) of 476

Don't know if you're still in this one, but here's some news.. --------------------------------------------- Golden Books Announces Executive Change; Provides Update On Organizational Streamlining Business Wire - November 24, 1998 10:09 NEW YORK--(BUSINESS WIRE)--November 24, 1998--Golden Books Family Entertainment, Inc. (Nasdaq: GBFE) (the "Company") today announced the resignation of Eric Ellenbogen as President of the Company and a member of the Company's Board of Directors. The Company said that Mr. Ellenbogen would not be replaced. "We want to thank Eric for his invaluable stewardship of the Entertainment Group, and we wish him every success in his future endeavors," said Richard E. Snyder, Chairman and Chief Executive Officer of the Company. The Company also announced that it would be finalizing its senior management team in the next several weeks. "Achieving success in 1999 will require a company structure with fewer layers, less complexity and reduced overheads," said Mr. Snyder. "It will also require a top-level management team that provides focus on the core children's book business. While the Entertainment Group is a vital and successful part of our portfolio, it is imperative that we streamline our organization and lay a solid foundation of profitability in the children's book business." The Company is the leading publisher of children's books in North America and owns one of the largest libraries of family entertainment copyrights. The Company creates, publishes and markets entertainment products for children and families through all media. This press release may contain forward-looking information. Factors that could affect such information include those mentioned in the Company's Form 10-K and other forms, which are filed with the Securities and Exchange Commission. CONTACT: Investor/Press Contact: Philip Galanes Chief Administrative Officer Golden Books Family Entertainment 212-547-4466

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next