TBS to promote vice president Zaitsu to head of new holding firm

TBS to promote vice president Zaitsu to head of new holding firm

TOKYO, Japan - Tokyo Broadcasting System Inc. said on March 4 it will promote Executive Vice President Keizo Zaitsu (file photo) to president when the broadcaster becomes a holding company on April 1. Current President Hiroshi Inoue, 69, will become chairman of the new firm.

TBS to issue new shares, move seen as takeover defense

TBS to issue new shares, move seen as takeover defense

TOKYO, Japan - Tokyo Broadcasting System Inc. Managing Director Keizo Zaitsu (L) speaks as Executive Director Kenichiro Kidokoro looks on at a press conference in Tokyo on Aug. 31. Zaitsu said TBS will raise a total of about 28 billion yen in September by selling new and outstanding shares to Dentsu Inc. and three other companies to help finance new mobile phone and Internet-related businesses. The step is being regarded as a measure to increase friendly long-term shareholders and discourage a hostile takeover, since an investment fund led by financier Yoshiaki Murakami has reportedly acquired some TBS shares and is eyeing a management buyout.

TBS to issue new shares, move seen as takeover defense

TBS to issue new shares, move seen as takeover defense

TOKYO, Japan - Tokyo Broadcasting System Inc. Managing Director Keizo Zaitsu (L) speaks as Executive Director Kenichiro Kidokoro looks on at a press conference in Tokyo on Aug. 31. Zaitsu said TBS will raise a total of about 28 billion yen in September by selling new and outstanding shares to Dentsu Inc. and three other companies to help finance new mobile phone and Internet-related businesses. The step is being regarded as a measure to increase friendly long-term shareholders and discourage a hostile takeover, since an investment fund led by financier Yoshiaki Murakami has reportedly acquired some TBS shares and is eyeing a management buyout. (Kyodo)

TBS to promote vice president Zaitsu to head of new holding firm

TBS to promote vice president Zaitsu to head of new holding firm

TOKYO, Japan - Tokyo Broadcasting System Inc. said on March 4 it will promote Executive Vice President Keizo Zaitsu (file photo) to president when the broadcaster becomes a holding company on April 1. Current President Hiroshi Inoue, 69, will become chairman of the new firm. (Kyodo)