Rising Sun Management (“RSM”), an affiliate of Dalton Investments (“Dalton”), has sent a letter to the President and Board of Directors at Fuji Media Holdings (“FMH”) regarding FMH’s recently announced “Reform Action Plan.” The letter requests details on the timeline for implementing key action items and offers suggestions for potential additional reforms. Alongside the letter, Dalton provided FMH with a presentation titled “Time To Focus on the Content,” which outlines approaches for management to restructure the company in order to concentrate on its media assets and address the conglomerate discount. The letter can be found here and the presentation can be found here.
