Thursday, Apr 24, 2014
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pamarshall - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
As the article states, a council member can renew the resolution bringing it up for another vote when everyone shows up...
pamarshall - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Since you're a small business owner, you probably don't have to deal with an union representing your employees. With them being unionized, they have a lot more pull than a single employee coming to you for a raise. You could tell your employee "no", they could either be understanding or they could leave your job and work for the next small business owner that provides raises. You tell…
pamarshall - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Anything costs less than that stupid debacle... Even the tearing down of the Newcomb cost less.
pamarshall - Video: Two GOP reps announce support for legalizing illegals - Quincy, IL News - QuincyJournal.com
If I recall, they are offering what's called "a pathway to citizenship" or "a pathway to amnesty". They can't get into legal trouble (aside from entering our country), they have to get an education, there's a lot of things they have to do in order to get amnesty. Another thing they can do is join our military. If they're willing to fight and die for our country, isn't…
yesqcy - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
Wow, you got me thinking hard, which isn't hard to do. I m certain the council will have it figured out (surely), but since it didn't pass, doesn't someone that voted against it have to make a motion to bring it back to a vote and have to vote YES automatically? Or where am I dreaming that up from?

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Harris sells Broadcast Division for $225 million

1 year, 4 months ago by Bob Gough

Broadcast operation, including Quincy facility, expected to remain "largely intact"

Quincy Mayor John Spring was optimistic about the Harris sale.

"I do think this is good news," Spring said. "The Harris folks have been great to work with, especially Chris Parsons (Vice President of Global Operations for Harris)."

According to William Brown, president and CEO of Harris, the sale is part of a strategy to focus on its core businesses.

“As previously communicated, we plan to repurchase up to $200 million of our shares after the deal closes,” said Brown. “This is in addition to the $200 million of share repurchases already planned for fiscal 2013 and reflects our ongoing commitment to effectively deploy capital, including returning cash to shareholders."

Phil Conover, interim president of the Great River Economic Development Foundation, said The Gores Group has a successful record of buying and improving telecommunications companies.

"They have strong history,' Conover said. "They have a 25 year record. I'm cautiously optimistic."

PREVIOUS STORY

From insideradio.com:

The Gores Group is expanding its broadcast holdings with a $225 million deal to buy Harris’ broadcast business. Harris announced plans to sell the division in May to focus on its government and military technology business. By selling to a private equity firm, the Harris Broadcast operation is expected to largely remain intact.

“In Harris Broadcast Communications, we are investing in a proven technology leader with great products and a great team,” Gores managing partner Ryan Wald says in a statement. “We are excited to provide the capital and support to transition this division to a strong and independent company further enabling it to continue developing and delivering market leading technologies to its customers.”

Under the terms of the deal, Gores will pay $160 million in cash, plus there will be a 15 million subordinated promissory note and an earnout of up to $50 million based on future performance of the business.

Harris CEO Bill Brown says they will use the proceeds of the sale to buy back up to $200 million worth of company stock. “The sale of Broadcast Communications reflects our strategy to optimize our business portfolio and focus on our core businesses,” he says.

Gores is also a part-owner of Dial Global.


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