Why ailing Emmis could bounce back
Let’s play the contrarian. For Emmis, that means arguing that the battered company is poised for resurgence, rather than sliding
deeper into the abyss.
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Lauth’s lawyers raking in big fees in bankruptcy reorganization
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.
Long-term-care business to help Wishard cover construction debt
To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.Hoosier Academies leads chase for virtual charter schools
Hoosier Academies is the leading candidate to operate a controversial virtual charter school pilot program authorized last
month by the Legislature.State law aims to attract doctors to areas in need of care
A state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved
areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds
to support the program.Colts seal Farm Bureau sponsorship pact
The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch
on players’ practice jersey.Colts seal sponsorship-patch pact with Farm Bureau-WEB ONLY
The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch on players’ practice jerseys, finalizing a deal with Indiana Farm Bureau Insurance this week. The five-year deal will bring in a mid-six-figure annual sum for the team, said Colts officials. NFL owners voted to allow such […]
Purdue OKs tuition hike, new $500 fee-WEB ONLY
Purdue University’s trustees have approved increasing tuition by 5 percent for Indiana students the next two years along with phasing in a $500 fee for new students. The trustees executive committee voted unanimously today in support of the increase, which will add $388 to the tuition bill for in-state students on the West Lafayette campus. […]
Colleges schedule public hearings on tuition hikes-WEB ONLY
Indiana’s higher education commissioner is urging college students and their parents to attend public meetings about next year’s tuition rates. Colleges and universities hold public meetings on proposed tuition rates before their boards vote on the final numbers. Higher Education Commissioner Teresa Lubbers says the meetings are a chance for parents and students to tell […]
Fortune ekes out profit on falling revenue-WEB ONLY
Indianapolis-based Fortune Industries Inc. managed a small profit in its fiscal third quarter – its third straight profitable quarter, the company announced this morning. Profit for the period ended May 31 rose to $318,000 compared to a loss of $2.9 million in the same quarter a year ago. Revenue fell to $15.4 million from $40.2 […]
Fortune ekes out profit on falling revenue
Indianapolis-based Fortune Industries Inc. managed a small profit in its third quarter and now has turned a profit in each
of its last three quarters, the company announced this morning.Debt maneuvers help Emmis turn quarterly profit
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but
the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.Debt maneuvers help Emmis turn profit-WEB ONLY
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent. Indianapolis-based Emmis turned a profit of $7.5 million, or 20 cents per share, for the […]
MainGate takes on Vikings
Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams.
On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company
for the Minnesota Vikings.Construction jobs trickling in from road stimulus
Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.Hilbert in-law’s life insurance dispute takes odd turn
Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.Phelps in two events at U.S. Nationals today-WEB ONLY
Michael Phelps hits the pool in downtown Indianapolis today in his biggest swim meet since the Beijing Olympics. Phelps will swim the 200-meter freestyle and 200-meter butterfly at the U.S. Nationals at the Natatorium at IUPUI. Phelps is remaking himself with a focus on the shorter events as he heads toward the 2012 London Olympics, […]
Local radio exec Severino dies
Radio executive Tom Severino, who managed four local stations for Indianapolis-based Emmis Communications Corp., died yesterday
after a five-month battle with cancer. Severino, 57, was vice president and general manager of WIBC-FM 93.1, WLHK-FM 97.1,
WFNI-AM 1070 and WYXB-FM 105.7.BENNER: Indiana Fever are adding a little sizzle to summer
Last week’s column about the wide array of events on our July sports calendar in Indy was glaringly lacking in
one aspect: The Indiana Fever. As of this writing, they are the hottest team in the WNBA, reversing an
0-2 start and racing to six straight victories.Swimmers in city for national championships-WEB ONLY
The 2009 ConocoPhillips USA Swimming National Championships start in Indianapolis tomorrow at the IUPUI Natatorium. Winners will earn a spot in the World Championships next month in Rome. Michael Phelps will be among the participants.