Indianapolis will host the 2015 men’s Final Four basketball tournament, the NCAA announced today. A men’s Final Four is considered a financial coup, bringing in $50 million for the host city, the NCAA estimates. Other winners announced today are New Orleans, 2012; Atlanta, 2013; Dallas/Fort Worth, 2014; and Houston, 2016. The sites were selected from […]
Getrag Group is blaming a deal gone bad with Chrysler LLC for bankrupting a subsidiary the German transmission manufacturer formed to build and manage a $530 million plant in Tipton. Officials in Getrag’s U.S. headquarters in Sterling Heights, Mich., filed for bankruptcy protection in Detroit this morning for its Getrag Transmission Manufacturing LLC unit, stating […]
Getrag Group is blaming a deal gone bad with Chrysler LLC for bankrupting a subsidiary the German transmission manufacturer formed to build and manage a $530 million plant in Tipton. Officials in Getrag’s U.S. headquarters in Sterling Heights, Mich., filed for bankruptcy protection in Detroit this morning for its Getrag Transmission Manufacturing LLC unit, stating […]
Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was
leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he’s shown he didn’t come here to simply
wind
down his career.
Indianapolis Motor Speedway officials are in talks to move their Hall of Fame Museum from the interior of the oval to a spot
just outside the south end of the track, an area that could also house a new Speedway hotel.
With the economic swoon and no political ad campaigns in 2009, TV ad revenue could hit a 10-year low next year.
Fred Glass, formerly a partner
at Indianapolis law firm Baker & Daniels, wants to make IU known again as a university that strictly follows the rules
and helps all of its student athletes to achieve academically and graduate.
Baton Rouge, La.-based Beverly Hillbillies Brands has hired MZD Advertising as its advertising and promotional agency of record. In addition to public relations, the Indianapolis agency will be responsible for marketing the Beverly Hillbillies brand in a number of ventures. “The great thing about the Beverly Hillbillies brand is that it’s recognizable around the world,” […]
The Indianapolis Star is set to lay off as many as 95 people, or about 10 percent of its work force. The move is part of an effort by its parent, Virginia-based Gannett Co. Inc., to shore up its bottom line amid a sagging economy and eroding readership and revenue caused by the rise of […]
Indiana University President Michael McRobbie said after he met with the finalists in contention to become the university’s next athletic director, there was no doubt in his mind that Indianapolis attorney Fred Glass was the man for the job. “When I kept reflecting on all the characteristics I wanted, I kept returning to Fred Glass,” […]
Over the years, the city has made a name for itself by hosting a handful of large conventions and a bevy of small and midsize
gatherings. But as companies and other organizations tighten their belts, the number of conventions
held nationwide is expected to shrink in the months ahead.
The Indiana Pacers are ratcheting up sales and marketing initiatives while cutting costs elsewhere in an effort to simultaneously
ride out the economic storm and boost attendance. The team has little hope of being profitable this year-or even breaking
even, said Pacers President Jim Morris, but he added that within three years the franchise’s financial status should be much
improved.
Emboldened by the deal he signed to put his company’s name on the Indianapolis Colts’ new home, Forrest Lucas has launched
an arsenal of creative-some would say unorthodox-initiatives to fortify his growing company. Many of them are designed to
help Lucas Oil Products Inc. go head to head with the oil industry’s biggest players.
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else
are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
When WFYI-TV Channel 20 officials were looking for a company to help with their rebranding, they didn’t turn to an ad agency. Instead, they hired locally based Sport Graphics, a company known more as a print shop and sign maker with a sports focus. These days, though, Sport Graphics is becoming better known for its creative work and relying less on putting ink on paper to bring in business. “Printing is a commodity, and there are people-regardless of relationships-who will…
Pathway Productions, one of the city’s highest-profile video production firms, has a new owner, a new CEO and a new plan to blaze a trail to prosperity. Michael Husain, who founded the company from his basement in 1996, earlier this year quietly sold a majority stake to Mays Chemical Co. President William Mays, who in turn named Jerald Harkness the new CEO.
The woman chosen as president and CEO of the city’s Super Bowl host committee isn’t exactly a household name, but those who hired her think she’ll make Indianapolis the best host city ever. Allison Melangton, 46, is the first paid member of the 2012 Indianapolis Super Bowl Host Committee, and is expected to throw planning and organization into overdrive over the next 30 days.
While most Major League Baseball fans are focused on this year’s playoffs, local entrepreneur Glenn Dunlap is already thinking about next year. Dunlap formed Greenwood-based Big League Tours in 2006, offering group trips to big-league baseball games and other related attractions. One such trip took swings through games at Fenway Park in Boston, Yankee Stadium in New York, and the baseball Hall of Fame in Cooperstown, N.Y. Other trips hit fabled ballparks in Chicago, St. Louis, Milwaukee and San Francisco….
Officials with Rhode Island-based Lin TV Corp., the parent company of WISH-TV Channel 8, and Bright House Networks were still huddled together as of 11 a.m. trying to iron out an agreement that would put the local channel back on the cable dial.Officials for Bright House-which has 125,000 central Indiana subscribers-have refused to pay what […]
For more than two years, Smulyan, 61, has been unflaggingly optimistic during quarterly conference calls. But since early 2007, Emmis’ stock has fallen 84 percent, shrinking the company’s stock market value from $307 million to $48 million. The troubles have cast uncertainty over one of Indianapolis’ highest-profile businesses.
