Company Sues Newspaper Over Donation To Arts Center

“Cox Enterprises Inc., which owns nearly half of The Daytona Beach News-Journal, has sued the newspaper’s board of directors, accusing them of wasting $13 million for naming rights to a community arts center in Daytona Beach. The lawsuit seeks to stop the transaction and return the money to the newspaper, or have Cox’s ownership share bought out. Cox also wants unspecified damages and prior approval for any similar deals in the future.”