Kellogg INSIGHT
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Case Detail
Case Summary
Freedom Communications, Inc: Family Enterprise or Liquidity?
Case Number: 5-307-504, Year Published: 2007
HBS Number: KEL339
Authors: John Ward; Carol Adler Zsolnay
Key Concepts
Family Business, Governance, Succession, Finance
Abstract
A family media enterprise with very strong family culture and values is in the third and fourth generation of ownership and governance. They face a crisis when a large number of family shareholders want to cash out their shares. What led to this situation? How could it have been avoided? How should it be resolved? LEARNING OBJECTIVE: Lack of succession and liquidity planning can harm the business through generations when it becomes a crisis.
Number of Pages: 18
Extended Case Information
Teaching Areas: Family Business, Finance, Strategy
Geographic: United States
Industry: Media
Organization Name: Freedom Communications, Inc.
Organization Size: Medium
Decision Maker Position: Board members, family members
Year of Case: 2003
Ordering Information
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