Search for ‘Camac’
Stories
August 1, 2022:
-
Boosts this week include 2222 sats from Blubrry's Mike Dell ("I think I have the hang of this"); 1024 sats from Dave Jones besmirching Spotify once more ("When the Index first started people were roundly skeptical of there being 4.5 million podcasts. Now everyone wants to claim that number"); 3 sats from JAF2100 ("keep up", they say, intruiguingly); 1,000 from Fail Better Media's Georg; 10 from cristobal_mena; 10 from xavi_herrera; and a thumb-up emoji and 10 sats from alfcamacho. If you get value from Podnews's podcast, please consider boosting it in your favourite new podcast app (try Fountain to get started).
December 24, 2021:
-
Spanish podcast company iVoox published a list of the most popular podcasts on their platform in 2021. DIAS EXTRAÑOS con Santiago Camacho was the most streamed, with more than 5m listeners per month.
June 8, 2021:
-
Libsyn completed its acquisition of AdvertiseCast for $30m. It also completed $25m of equity financing, including $8m from Libsyn Director Eric Shahinian's Camac Partners - Camac now owns 12.2% - and $1m from Chairman Bradley Tirpak. They've also agreed a new bank loan agreement. The company is currently without a CFO, after it was found to have underpaid $3.2 million in taxes over the past five years.
August 7, 2020:
-
The board of Libsyn includes those who last year criticised the company for "outsized executive pay".
August 6, 2020:
-
Libsyn's CEO, Chris Spencer, has resigned. He'd worked at Libsyn for fifteen years, and will stay on as a Senior Advisor to the company. Last year, a bonus payment to Spencer was cited as one reason for a revolt by minority shareholders; the settlement in October installed a number of new board members who'd been publicly critical of the company: none of those are quoted in Libsyn's release.
October 8, 2019:
-
BREAKING: Podcast host Libsyn has reached a settlement with their disgruntled shareholders, led by Camac. Libsyn has agreed to many of Camac's demands - Camac's founder Eric Shahinian is now Libsyn's new Chairman; some payments to Libsyn's CEO and former CFO have been cancelled; a new independent director will also be appointed, as will Bradley Tirpack; and Libsyn will pay Camac $600,000 for their expenses. Shahinian, 31, is an investor; Tirpak, 49, has variously worked for a dentist, a mining company and a vending company in the past four years, and works to improve corporate governance. Libsyn's CFO resigned last week; the special shareholder's meeting has been cancelled.
October 4, 2019:
-
In July, we reported that a minority of disgruntled shareholders led by Camac had succeeded in forcing Libsyn to convene a special meeting, seeking to change the board and corporate governance. Libsyn announced last month that the meeting will be held in Reno NV on November 8th.
July 17, 2019:
-
A minority shareholder of Libsyn says it has succeeded in forcing the company to convene a special meeting. Camac, which owns 6.5% of Libsyn, wants to replace the board of directors and change the company's corporate governance. Shares in Libsyn closed up almost 5% yesterday on the news, at a five year high. (Don't worry, though - people called Rob are expected not to be affected by this news).
June 25, 2019:
-
After a minority shareholder threatened to replace Libsyn board members by calling for a special meeting (Podnews passim), the Libsyn board have changed the company bylaws to require a vote from the majority of shareholders to make such a change.
June 13, 2019:
-
A minority shareholder of podcast host Libsyn, Camac, is continuing to express dissatisfaction against the current Board. Its latest filing highlights salary and bonus for some Board members. Camac is drumming up support for a special meeting; but needs 25% of shareholders to request one.
April 29, 2019:
-
"There is simply no excuse for the current state of Libsyn", says a shareholder of Libsyn, Camac Partners, which is demanding all four existing directors of the company are removed to "bring needed discipline to Libsyn and an unwavering commitment to stockholder value". They have suggested five new directors - four of whom only have a financial background; the other has just launched a new podcast onto Luminary.