Stoner v. Thompson

COLEMAN, Chief Justice.

This is an appeal from a judgment granting a temporary injunction. The judgment will be reversed.

Roger H. Stoner is the general manager of Radio Station KZFM in Corpus Christi, Texas, which is owned by Texas Media Group, Inc. Mr. Stoner owns 49% of the stock of Texas Media Group, Inc. The remaining stock in the corporation is owned by Joe Glenn Thompson, Frank Geron, Page Nelson, and Raymond Reid. Arnold and Audrey Malkan made a tender offer for all of the stock in Texas Media Group, Inc., or for 51% of said stock. A dispute between Stoner and certain other stockholders…