YankeeNets intended to be a modern sports conglomerate and, despite creating substantial value with the YES Network, the marriage was a fractious union; the owners of the Nets and the Yankees feuded.
"There has never been a better time in the history of the internet and e-commerce to be investing in and launching new companies, and in turn, creating substantial value in a rapidly growing commerce sector.
Tyler was involved in the GUS demerger, which created substantial value for shareholders.
"We had hoped we could negotiate a transaction that would have created substantial value for both your and our shareholders," Mr. David wrote in the letter.
In that regard, we are confident that Mr. Edelman and his management team have created substantial value for shareholders while fulfilling the Congressionally chartered mission of Farmer Mac".
EMI's chairman, Eric Nicoli, said, "We continue to believe that a joint venture with Warner Music Group can create substantial value for our shareholders and benefit our artists, consumers and employees by bringing together two companies with complementary strengths".
"Apollo, Oaktree and Crestview have created substantial value for Charter and its shareholders, and on behalf of Charter's board, we look forward to working with Liberty Media in creating further value," Eric L. Zinterhofer, Charter's chairman, said in a statement.
"Through our spinoff from Ralcorp, we believe we can reverse the market share erosion and create substantial value for shareholders through the continued operation of Post as a stand-alone entity," the company said in its filing.
"After 23 years at CME Group, including eight years as CEO, this is a bittersweet decision for me but I am ready to explore new challenges," said Donohue. "Working with Terry, Gill and our world-class Management Team, we have transformed our company, accomplished impressive growth, and created substantial value for our shareholders.
"We have the opportunity to improve AT&T's revenue growth and cost structure for years to come, and create substantial value for shareowners".
