HALIFAX – Family Channel owner DHX Media said that its strategic review is ongoing as the Special Committee of the Board continues “to process multiple opportunities”.
The review, first announced in October, was scheduled to wrap up by June 30, but the company said Wednesday that Management and the Special Committee will “report back in due course.” The Special Committee did confirm that the $237 million sale of a minority stake in its Peanuts brand to Sony is on track and expected to close in July.
In addition, the Halifax-based company announced that Jonathan Whitcher, chief investment officer of New York-based investment advisor and hedge fund Fine Capital Partners, has been appointed to the company's Board of Directors, effective immediately.
"We are pleased to strengthen our Board with the addition of Jonathan Whitcher," said DHX Media lead director Don Wright, in the news release. "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."
