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Emmis Communications chief Jeff Smulyan today was more positive about the companyâ??s fiscal fourth-quarter performance
than heâ??s been about an earnings report in a long time.
Revenue at its U.S. radio stations, which have been dogged by an industry…
Indianapolis-based publisher and broadcaster Emmis Communications Corp. said today that its fourth-quarter net profit widened to $15.8 million from $10.7 million a year earlier due to a $21.2 million charge for its broadcast licenses. Revenue in the quarter ended Feb. 29 increased 9 percent, to $85.8 million. And revenue climbed in both segments. Emmis recorded […]
Jill Long Thompson says she knows it will be tough to unseat Republican Gov. Mitch Daniels in November, and she already has come out swinging. Just hours after squeaking out the Democratic gubernatorial nomination over Jim Schellinger last week, the former Indiana congresswoman verbally jabbed Daniels. “Four years ago he went through the state wearing […]
Small Towns, Big Business Hospitals mixed bag for rural economies WILLIAMSPORT-To see the economic impact hospitals have on Indiana, this town of 1,900-which boasts its county’s only stoplight-provides a good view. The 16-bed St. Vincent Williamsport Hospital is the fourthlargest employer in Warren County, where Williamsport is the seat, and pays wages that are 60 […]
Have you seen Margot Eccles or Brian Payne cruising downtown sidewalks on their Segways? It’s quite the sight, and a still-novel one considering Eccles and Payne are the only two people I know who have the two-wheelers and use them regularly in the central business district, save the security people at Circle Centre mall. I went to a meeting Eccles attended on the 29th floor of One American Square and her Segway was parked in the corner of the conference…
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state’s economy.
But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other
Indiana employers and their workers.
Americans are in a tough spot when it comes to negotiating free trade agreements. With the exception of a small Scandinavian country and a couple of European principalities, everyone we trade with has lower wages, weaker environmental standards, and less personal liberty. So it is easy to argue that we shouldn’t trade with a country until it becomes like us. This is the siren song of economic catastrophe. Here’s why. First, countries don’t trade with each other; people do. The…
This month’s merger of the law firm Sommer Barnard PC into Cincinnatibased Taft Stettinius & Hollister LLP likely will cause salaries for starting lawyers to escalate citywide. That’s because, starting June 1, Taft plans to pay its first-year associates here $107,500-more than the $100,000 firstyear associates currently make at the highest-paying Indianapolis firms. If history is any indication, the topthree Indianapolis firms of Ice Miller LLP, Baker & Daniels LLP and Barnes & Thornburg LLP, and likely a few others,…
Preparations are well under way for the U.S. Senior Open at Crooked Stick Golf Club in Carmel. Traffic and parking plans have been determined. They’ve identified the main entrance and the location of merchandise, media and corporate hospitality tents. Speaking of the last item, they’re already approaching a sellout, but tents might be added if demand persists. Tickets have been printed and have gone on sale. The money necessary to put on such an event is being raised. They’ve even…
In February, Indianapolis’ Wheeler Mission Ministries cut non-residential programming to stave off a budget shortfall as donations flat-lined and more homeless people came through its doors. Now the mission is facing more tough times, projecting as much as a $500,000 shortfall for the fiscal year that begins June 1. To help close the gap, supporters are kicking off Operation Restoration, a fund drive they hope will raise $11 million to help the mission expand, pay building debts, and build a…
The clock is running out on plans to build the Indiana Museum of African American History in White River State Park, but the
ambitious project may find a new home on nearby Indiana Avenue. Less than two weeks before the museum’s option on a two-acre
parcel of park land expires, backers were talking with IUPUI about locating the museum on unspecified university-owned land
along Indiana Avenue.
A friend and I were having lunch. We were talking about an old issue: the lack of leadership in the state. Both of us agreed that Mitch Daniels has been doing a good job in following through on what he promised, whether or not folks liked it. But we were hard-pressed to find other examples of civic or political leadership. I suspect our problem may have been one of age. We’re guys who have been around for the past four…
There it was, by golly. I’m a tourist as much as the next guy, so of course one of the first things I did was look up my own house on Google Street View. And there it was. Sometime in the past several months, a car with a Google cameraman in it drove through my neighborhood taking shots every few yards. I could “fly” through the whole area, albeit rather jerkily. All the overhead shots on Google, all the satellite…
Hoosier executives aren’t exactly crowing about the Indianapolis-area economy these days. But they’re painting a brighter picture than you might think, especially compared with the carnage they see in what used to be the nation’s hottest markets. Here’s what Simon Property Group CEO David Simon, not one to lavish idle praise, said during a February conference call with analysts: “I think the Midwest has been flat for I don’t know how many years, other than Indianapolis. Indianapolis seems to be…
Rube Goldberg was an engineer by training who rose to prominence not for his engineering skills but for his political cartoons, for which he won the Pulitzer Prize in 1948. Goldberg was also famous for his cartoons that depicted whimsical machines with complex mechanisms to perform simple tasks. Goldberg’s fantastic contraptions served as an inspiration for the annual Rube Goldberg competitions held at colleges, universities and high schools across the country. In years past, students have been required to develop…
A federal bill intended to bail out student loan lenders like Sallie Mae, one of central Indiana’s top employers, has raced like a bullet through Congress-a remarkable feat for Washington lawmakers. But what the future holds for embattled student lenders remains murky. While the newly passed measure will increase liquidity by allowing the U.S. Department of Education to buy loans, it leaves responsibility for working out the details to bureaucrats. In effect, Congress said in the bill that the Department…
Numerous format changes late last year caused a major shake-up in the first-quarter survey results of central Indiana’s radio-listening
habits.
The number of blogs operating on the Internet outnumbers the inhabitants of California, New York, Texas and Florida combined. With a market like that, it’s no wonder Chris Baggott and Ali Sales are so excited about the potential of Compendium Blogware, an upstart firm the two formed in January 2007. Baggott is best known for founding, along with co-owner Scott Dorsey, fastgrowing local e-mail marketing firm ExactTarget Inc. in 2000. The company brought in $48 million in revenue last year….
A group of motorsports journalists stood open-mouthed along the wall of the Texas Motor Speedway in 1999 as they watched 19-year-old
Sarah Fisher, fresh from the sprint car and dirt track circuits, zip past veteran open-wheel racers Buddy Lazier and Billy
Boat. What happened to Fisher over the next nine years is equally amazing–and mystifying–to those same motorsports experts
who watched her in Texas.
A while back, I had lunch with my friend John. As is our wont, we talked about politics, religion, our families, joys, frustrations. When the subject turned to work, John told me he’s trying a new approach to fund raising and “friend-raising” for his small not-for-profit cancer agency. He’s cutting out the big, time-consuming special event and simply inviting people in for a one-hour introduction to medically under-served cancer patients and how his organization helps. I told him I’d like…
