Tuesday, January 29, 2013

The Business Journal of Milwaukee:

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Milwaukee. Ajoy Bose has joinec Jefferson Wells, Milwaukee, as global director of the mergere and acquisitions centerof expertise. Lou Banacbh and James Gettel have joined Schenck M&A Solutions, Milwaukee, as managinh directors. The Milwaukee office of Anhalt, Schloemer & Associates Inc. has addedc Geri Jeffers and Maggie Fortmann as administrative assistang in thefacilities group, and Kristin Schroeder as proposa l coordinator in the infrastructure group.
Whyte Hirschboecko Dudek SC, Milwaukee, has added four associate attorneys: Jennifedr Jin, state and local tax Philip Koutnik, corporate practice; Kristina Lemanski, litigation and Robert Staude, real estate Kristine Hillmer hasjoined MRA-The Management Waukesha, as vice president of association management. Clifton Milwaukee, has added Christine Ludwihg and Jessica Everard astax associates; Jonathan Otte, Scotft Fornander and Alexander Marek as assurancde associates; and Ryan Waldschmidt as an assurance

Thursday, January 24, 2013

Friday, January 18, 2013

WTOP cracks top ten in revenue - Washington Business Journal:

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The District-based all-news station, owned by Corp., rankerd No. 10 on 's annual based on 2007 revenue. WTOP had almost $51.2 millioh in 2007 revenue, up about 10 perceng from 2006, and up 90 percent from five yearws ago. According to BIA, total revenue at the nation's largest radio stations fell 2.3 percent, the fourth consecutive year of decliningg totalradio revenues. Stations that topped WTOP in annual revenude were all inthe nation's two largest markets, New York and Los WTOP's sales topped those of individual stations in marketse including Chicago, Boston, Philadelphisa and Atlanta.
The Washington market ranks eighth in size Despite a glowing yearfor Chantilly-based BIA notes the economy has been tough on radi stations and predicts total revenue will fall by as much as 3.1 percent in 2008. "Whilew it has been a rouggh several yearsfor radio, the effortds it is making to engage its listeners online and througu the digital airwaves will hopefullt come to fruition in the next several years," says BIA Financiakl Network vice president Mark Fratrik. A record numbere of radio stations were sold to new ownerzsin 2007. BIA says 316 stations in the top 200 marketschanged hands.
The nation's top grossing radio statiojn is KROQ in Los Angeleas with 2007 revenueof $67.6 million. KROQ was followed by L.A. statioh KIIS, WLTW in New York, KFI in L.A., and WINS in New WPGC is Washington's second-highest grossing with 2007 revenueof $30.5 million. WTOP is a Washington Business Journalbroadcastinv partner.

Monday, January 14, 2013

Creative Loafing COO Kirk MacDonald heads back to Denver - Kansas City Business Journal:

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MacDonald will take over as executive vice president for marketing and digital saled forthe , the one-time partnershipl group that included the and until the latterd folded last February, according to the Chicago Reader . MacDonald joinexd Creative Loafing in 2006 aftee resigning as chief executive officer of the Denver Newspaper Agency but continued to live in Denved instead of relocating toCreative Loafing’a headquarters in Tampa. In September 2008 he became publisher of the ChicagioReader , relocating there, around the same time Creative Loafinhg filed for protection from its creditorsd using Chapter 11 in a Tampwa bankruptcy court.
Creative Loafing’s chief executive Ben Eason, will temporarily take over the role of chiedfoperating officer. The company spent the firstr part of the year in a bittere battlewith , which it owes $31 million that was used to purchaswe the Chicago Reader and in the District of Columbia in 2007. Atalayas had sought to gain contro of the alternative weeklg newspaper publisher but lost that bid in Marchy when a judge in Tampa sidedwith Eason. Creative Loafingv had until Tuesday to file any amendmentz to its most recent plan of organization filedMay 11.
Amongy the issues addressed under thenew plan, a new group consistiny of — which Creative Loafing owed $10 million to just beford the bankruptcy filing — and Eason will purchas stock in a reorganized Creative Loafinbg for $500,000 in cash as well as an in-kindd contribution to lease 14,000 square feet of commercial spacde in Atlanta for six yearas valued at $196,000 annually that will be used for Creativ Loafing Atlanta Inc., according to bankruptcy courft documents.
After that, $500,000o will be used to pay allowed administrativd claims and prioritytax claims, while another $1 million will be used for supplementall funding for Creative Loafing’s ongoing Any remaining money will be paid to thosed holding specific claims, including outstandingy loans made to the Creative Loafing has publications in Tampa, Sarasota, Atlanta, Chicago, Washingtonb and Charlotte, N.C. It claims a combined circulatiohnof 425,000.

Saturday, January 12, 2013

Entertainment venues pulling out stops for visitors as economy sputters - Dallas Business Journal:

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Knievel's stunt was not only a new definitionfor death-defyinyg thrills, but also a hint at the strategiexs regional entertainment attractions are drumming up to lure businessa at a time when gas prices have consumerz thinking of different ways of spending "There is a greatefr focus on regional travel," said Amir Eylon, director. "Folks are lookingv for one-tank trips." Instead of spending a week in Hilton Head orMyrtlw Beach, she said people are taking a couple of weekend trips instead.
That means amusement parks, sportw teams, entertainment venues and other cities have Columbuw in their crosshairs as they try to get visitores to visit more often and stay longer whenthey do. Eylon said the department has heard anecdotally that attendancr is holding steady at many ofthe state' attractions. "Most are saying business is the same as orslightlyt better," he said. "On-site expenditures may be He called it downsizingthe getaway. "Value is not always a discountec price," he said. "Sometimes it is addex amenities.
" Sandusky-based has three major attractions in thestatw - Cedar Point in Kings Island in Mason and Geauga Lake's Wildwater Kingdomn in Aurora - and 15 other amusement parkss and water parks nationwide. Companywide attendance was steady througj June 1 compared withlast year, according to Cedad Fair, but the region that includes its three Ohio facilitiex was soft. Lee Alexakos, Cedatr Fair's vice president of marketing and advertising, said the organization'x key marketing push is on dealdand discounts, as well as special evente such as the Robbie Knievel stunt. The company offers discounted tickets to its parkzs through partners such asand , in additionb to online deals.
A recent promotion with Johnsonville Bratsa gave customersa brat, chips and soda with the Cedar Point pitches a "family four pack" at $132 as an "amusement stimulus package." The park also offerd a "pay once, visit twice" ticket for $52.95, or $10 more than the standarf admission price. Visitors can use the ticket for a second visir at any point duringthe season. For one guest can get into Cedar Poiny and its Soak City water parktwice each. The park also offersa a "stay and play" package including admission to theamusement park, a hotel stay and admission to many other attractions.
Cedar Poinr owns four hotels inthe area, one of which is Castawayt Bay, an indoor water park open year-round. "The key thing, with Cedar Point for sure, is that with hotels and resorts, there's enougb there to stay busy for two or three days andyou don't have to go far," Alexakow said, noting advertising budgets are holding Cedar Fair bought Kings Island in 2006 and Geaugaw Lake in 2004. It shut down Geauga Lake's amusemeny park and operates it just as awate park. At Wheeling Island, a W.Va.
, greyhound racetrack and the addition of table games suchas poker, craps and blackjacl last year have been a lifelinre in a tough economic "We're definitely affected by gas said Kim Florence, marketing director, who notedd that attendance is steady this year comparede with previous years, but credited that hold to the tablw game additions. She said Columbus is on the casino'ds radar and will become increasingly importanty as Wheeling Island faces competition from the Meadow Racetrack and Casinoin Washington, Pa., and a planneds casino in Pittsburgh. Both are expected to sap some of the visito base toWheeling Island's east.
The casino is playiny to the gas-conscious crowd with games and giveaways. In July and customers can earn gas cards basexd on the points they accumulater on PlayersClub cards. And throughu the end of August, Wheeling Island opens a kioso on Friday and Saturday nights allowing visitors to swipes their Players Club card and win gas cards instantlt as part of a nightly One customer a night will wina $500 gas while a grand prizr of 250,000 gallons of gas will be given to one randonm player at some point. At the , Executive Directort Jerry Borinsaid it's too early in the season to tell how gas prices are affecting attendance.
However, group packages, includinf hotel stays, are up 76 percent from this timelast "People in the region seem to be driving this he said.

Thursday, January 10, 2013

BAE Systems awarded Army contracts worth $115M - Los Angeles Business from bizjournals:

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The company has hired an additionao 20 employees at its Sealy facility to help fulfil lthe orders. Two of the new hirez are permanent employees whilse 18 aretemporary hires, the company The parts ordered include complete engines, axles and self-recovery winches for Caiman Mine Resistantt Ambush Protected (MRAP) The order is in response to urgentt requirements for spare parts to maintain 1,650 Caiman MRAP vehicles operating in Iraq, BAE says. Replacemengt parts are sourced from the original manufacturers who supplt parts forthe vehicles. BAE prepares and packages the parts to military specifications and ships them to Red River Army Depofin Texarkana, from where they are shipped to Iraq.
Work filling the contractr orders is expected to be completed byAugusty 2009. BAE Systems employs more than 2,500p people in Sealy where it hasnearly 900,000 squarwe feet of manufacturing and office

Monday, January 7, 2013

Bizjournals debuts online business directory - New Mexico Business Weekly:

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The directory is based on proprietary research from It can be sorted by 14 industry categories and by business nameor keyword. Bizjournalsd is the online divisionof , the New Mexicio Business Weekly’s parent company. The directort can be accessed from all the home pagesof ACBJ’s publications. Users can rate businesses that are include inthe directory, submit their own companies for inclusion or submitf changes to existing listings. “With the new Local Businesw Directory, we’re giving businesses a new way to connect and saidTim Bradbury, president of ACBJ New which oversees bizjournals.
“It ratchets up the value of our locall businessjournal sites, which millions of peoplr already regard as critical to theifr competitiveness.” Bizjournals operates the Web sitesw for each of American City Business Journals’ 40 printg business newspapers and operates a Web-onlyu site with local business news and information for Los Bizjournals’ open-access archives contain 1.25 million businesse news articles and features published since 1996. sites have more than 8 million uniquemonthlh visitors.

Friday, January 4, 2013

Reaching out to baby boomers - South Florida Business Journal:

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In 20 years, there will be twice as many people over the age of 65 as thersare today, said Matt founder and president of The Boomed Project, a Richmond, Va.-based firm that researches boome r consumer habits. Thornhill is one of several speakers who will discuss marketing to boomers at the Florida Boomee Lifestyle ConferenceMay 11-12 at the , presented by CreativeTampaBay and sponsored by . And then there’s the emerginfg consumer class made up of people hitting thebig 5-0 that continueds to gain relevance with marketers. “What I saw was that marketersd didn’t know what to do with baby boomersx who were turning said Thornhill.
“They weren’t senior but they weren’t young adults.” For reasonas personal and financial, boomers are often consideringtan “encore career,” said Dorcas principal of , a Washington area public policy firm. Peoplew may want to help societyg and enhance theirown well-being, Hardy said. They also are motivatede by the changes inthe economy. With many people extending theid careers, there may be a slowdown in the numbedr of people movingto Florida, said Thornhill. “There are certainly going to be moreolder people,” he said. “The questiob is can we get them to come to Floridaq and stayin Florida?
” The region must rethink its approacu and “get smarter about Thornhill said, because the boomed presence affects not only health care, real estatew and financial services, but all industries. “Our target market is a baby boom generation,” said Don Barry, presidenty and CEO of , a Tampa-bases manufacturer of personal lamps. “W e have configured our market plan and product campaign aroundbaby boomers.” Barruy has found a way to market to and employt the existing retirement population in the Bay area usinyg a “retirement community direct business model.
” As a markert test, the company will enlis residents of as “ambassadors” to engage potential customerd in a combination of print, Internet and directf selling. A retirement community is a rich opportunityu with a perfect markey in a concentration of thousandsof homes, Barryy said.

Wednesday, January 2, 2013

Feds approve Regions' $2.5B capital plan - Orlando Business Journal:

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billion capital buffer – was recently accepted by the FederalReserved System, according to a statementr released June 8. The U.S. government orderexd the Birmingham-based bank to raise the extra capitak after results ofthe “streszs tests” predicted $9.2 billion in futures loan losses if the economy worsens within the next two years. So far, Regionz has raised more than $2.09 billion by sellint 460 million shares of its commonb stockat $4 per share and 10 percent of its preferreds stock, series B. The bank expects to raise additionak funds since all purchasers of its common and preferred shares were given another 30 days to buy up an additionalk 15 percentof shares.
Birmingham-based Regions also planzs to raise extra capital by sellingcertainn businesses, initiating a possibles debt-to-equity swap and converting its trust preferred securitieas into common stock. While Region’s capital plan was it was not among theTreasuryg Department’s roster of financial institutions allowed to leave the Troublec Asset Relief Program, or The bank, which borrowed $3.5 billion in taxpayee capital, still faces certain restrictions mandated by the federal government. raising the fresh capital “shoulsd position Regions well for eventual TARPCPP redemption,” the bank said in a Securitiese and Exchange Commission Regions Financial Corp.
(NYSE: RF) is a $142 billion company that is the sixth largest bank in the Orlando area with 56 branches andnearly $1.16 billionm in deposits as of June 30, according to the