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Articles

Investors calling for big changes at Emmis: Smulyan remains bullish on company’s prospects

August 21, 2006

In the last year, Emmis Communications Corp. Chairman Jeff Smulyan has led efforts to sell his company’s television stations, change radio formats, reduce debt and take the company private. He even proposed using company funds to buy a Major League Baseball franchise. Now, after his recently failed attempt to buy the Indianapolis company, many Wall Street analysts and investors are wondering what Smulyan might do next. Some industry experts believe the only way for Smulyan to do what’s best for…

Jones’ ChaCha IT firm to have human touch

August 14, 2006

For the last eight months, Indiana’s resident high-tech guru has been quietly developing a new IT firm. Few details have been leaked to the public. But in September, a national media blitz will announce the launch of ChaCha Search Inc., Jones’ new human-assisted Internet search engine.

EYE ON THE PIE: Novel ideas from Pat and Beurt

August 14, 2006

Pat Bauer is a longterm member of the Indiana House of Representatives from South Bend. A Democratic majority in the lower house will make him again the speaker of the House, one of the few powerful voices in the state’s governing structure. Some do not view Bauer as the progressive sort of leader the state needs today. Yet his ideas are based on an experienced and solid reading of public sentiment. Beurt SerVaas is retired from a productive career in…

New Sports Corp. boss adjusting game plan

August 14, 2006

Tom King thinks its time to run the not-for-profit Indiana Sports Corp. with a for-profit mind-set, a change that could radically alter the organization credited with implementing the city’s amateur sports strategy.

Fountain Square district shoring up its Corners: Group turns old buildings into residential/work spaces

August 14, 2006

If State and English avenues in the Fountain Square district were on a Monopoly board, they would probably be the ones available immediately after passing “Go.” But after the Southeast Neighborhood Development Inc. is finished there, the intersection will move several spaces closer to Park Place. The not-for-profit is investing $1 million to renovate three dilapidated buildings it bought to convert them to residential/work spaces as part of its Fountain Square Corners development. A local photographer who will live in…

SPORTS: Sports took back seat on trip to Castro’s Cuba

August 14, 2006

It was one of the worst from the perspective that so many of the things I take for granted here-clean water, dependable electricity, food you could trust, communications tools and, most of all, freedom-weren’t to be found there, at least not consistently. But that perspective also made it one of the best experiences because it reminded me of all the wonderful things we have here in America, starting with freedom. It was heartbreaking to travel around Havana and imagine how…

TV stations offering video content on Web

August 14, 2006

Local stations have had video news content on their Web sites for a while now. But broadcasters are now devising plans to develop original content that essentially could allow a station to broadcast multiple channels through the Web.

NOTIONS: A taste of political cynicism served at minimum wage

August 7, 2006

I eat out a lot. Heck, I eat out more than I eat in. So I’m something of a restaurant whiz. From locals to chains, fast food to fancy fare, I can tell you who serves what, how well and for how much. But until my friend Cheri read a book called “Nickel and Dimed,” in which author Barbara Ehrenreich recounts a first-person social experiment working low-wage jobs, I never asked a waiter or waitress about the going rate for…

IRL losing momentum again

August 7, 2006

Smoke coming from the Indy Racing League’s business model indicates it’s leaking oil. Two IRL teams recently folded and at least two more are in serious financial distress. Television ratings and race attendance is either flat or trailing last season.

Sheriff contemplating jail privatization

August 7, 2006

In the overcrowded Marion County Jail, early release of dangerous inmates has become an unpleasant fact of life. To slow the tide, Sheriff Frank Anderson is considering a radical new solution: full privatization.

Let’s throw energy into public safety: We ignore crime at our peril

August 7, 2006

When yet another media story appears about jail overcrowding, it’s tempting to look away, to focus instead on rising gas prices, out-of-control health insurance costs or other pressing problems confronting your company. But make no mistake: Crime is a business issue. And it is escalating. Major offenses reported to the Indianapolis Police Department through April were up 22 percent over the first four months of 2005. Probably fueling that increase are the growing numbers of inmates being released early from…

SPORTS: Fervently hoping that Gatlin, Landis are innocent

August 7, 2006

Until proven otherwise, I like to believe the best about people. This past May, I emceed a luncheon at which an engaging young man named Justin Gatlin was the featured attraction. He came to Indianapolis to help promote locally based USA Track & Field’s national championships, and he arrived in our town within hours of tying the world record in the 100 meters. I couldn’t have been more impressed with Gatlin, wrote glowingly about him in this column, and encouraged…

New state rule changes annuity landscape: Indiana regulators place burden on the seller to decide what’s right for the buyer

August 7, 2006

No 75-year-old retiree should drop his or her life savings into an annuity that imposes a 10-year wait before the first payment. Indiana regulators understand this basic investment rule, and they want to ensure that the people who sell annuities follow it as well. The state Department of Insurance now places the burden of deciding whether an annuity is right for a consumer over age 65 on the seller, thanks to a new rule that started July 1. It requires…

Workers can help lower health costs:

July 31, 2006

Health care costs keep small-business owners up at night. According to Forbes magazine, the cost of health care is rising at three times the rate of inflation. Because demand for medical treatment will continue to grow as Americans age, insurance premiums will continue to increase. Some small-business owners’ first reaction is to shift rising costs to employees. Others simply eliminate health insurance benefits altogether. While this reduces expenses and raises profit in the short term, it ruins a company’s ability…

SPORTS: Twenty-five attractions for the true sports fan

July 31, 2006

Time to reprise the list (besides, I’m on vacation): The top 25 must-see’s, must-do’s to be a true, bona fide, no-doubt-aboutit Indiana sports fan. 1. The Indianapolis 500. OK, it’s not quite what it used to be. But it still is the largest single-day sporting event in the world. And few moments in sport can match the flying start of the race. 2. A basketball game in Hinkle Fieldhouse, either high school or the Butler Bulldogs. Hinkle remains the mecca….

Dispute clouds Sky buyout of Union Federal

July 31, 2006

Union Federal Bank’s Fort Wayne-based parent is locked in a dispute that could put in peril the Indianapolis financial institution’s $330 million sale to Bowling Green, Ohio-based Sky Financial Group Inc.

Farming for tourists on the rise: Wine trails find followers

July 31, 2006

Whether you prefer a Chardonnay or Merlot, or you’re simply trying to recall the opening lyrics to “Scenes From an Italian Restaurant,” one thing is certain: Indiana wineries are hardly withering on the vine. The Hoosier State now boasts 32 wineries and should add two more by the end of fall, according to the Indiana Wine Grape Council at Purdue University. Moreover, the winemakers are helping drive the state’s fledgling agri-tourism efforts. “Nobody wants to tour a hog farm, but…

Moving lessons from classrooms to boardrooms: MBA students get firsthand experience with startups

July 31, 2006

No matter how many bold and italicized words scholars cram into textbooks, nothing compares to students rolling up their sleeves and testing a theory themselves. For years, Indiana University’s Kelley School of Business has offered its Bloomington MBA candidates real-world experience through so-called “academies” focused on specific industries. Now Kelley Indianapolis’ evening MBA program is set to launch a scaled-back version for its students. This fall, it will offer three such “enterprise” programs, including one with an entrepreneurial emphasis. The…

VIEWPOINT: Indiana ripe for new breed of auto industry

July 31, 2006

Landing the Honda plant is a great coup for Indiana. Gov. Mitch Daniels deserves congratulations. Not only will Honda employ an estimated 2,000 Hoosiers, it appears the governor secured the facility at a bargain price for Indiana’s taxpayers. While the plant brings much-needed employment, future wealth created from Honda’s production accrues to its primarily Japanese shareholders. This is only fair, as Japanese automakers have innovated, invested and expanded over the past 30 years. They have earned their success and deserve…

SMALL BUSINESS PROFILE: JP PARKER CO.: Business blooming for specialty florist Flower farm, retail shop feed green thumb’s growth

July 31, 2006

SMALL BUSINESS PROFILE JP PARKER CO. Business blooming for specialty florist Flower farm, retail shop feed green thumb’s growth More than 300,000 sunflowers are in various stages of growth on Needham, Ind., farmland, where a third generation carries on the family tradition with a modern twist. These tall summer annuals follow a spring where 1,000 blooming peony plants yielded at least 11,000 stems for a Chicago broker. Smaller plots of delphiniums, larkspur, zinnias, coneflowers, mints, herbs and other greenery also…

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