Wednesday, Dec 17, 2014
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pjohnf - Adams County Board to vote on quarter cent sales tax to build jail - Quincy, IL News - QuincyJournal
Yes another need may arise but the sunset must be in it. We have to pay for some things, like a county jail, when they're needed and a new jail is needed. Good grief don't you think you should pay for something, there's no money fairy out there to pay for things a community needs from time to time?
belowpar1 - In The Locker Room With Coach Douglas - Quincy, IL News - QuincyJournal.com
Very impressed with Andy! Keep up the solid work.
WarCry - Adams County Board to vote on quarter cent sales tax to build jail - Quincy, IL News - QuincyJournal
If that's the way you interpret the statement then, frankly, you're an idiot. Look at all the stories about arrests for meth busts, over and over again, the same names. They don't give them more jail time partially because they don't have anywhere to put them. The crimes don't rise to the level of state prison, and we have no room at the county level. You think it's…
Snarky_2 - Adams County Board to vote on quarter cent sales tax to build jail - Quincy, IL News - QuincyJournal
Build it on the current parking lot for the court house. No Transportation needed. ... Property already owned... build an underground parking lot to allow for safer transport of prisoners rather than the back door the sheriff referenced and the elevator they would have to use to get people up to the court room, they could design a better and larger elevator with a cage to keep staff save from drunk…
ReardenShrugged - Adams County Board to vote on quarter cent sales tax to build jail - Quincy, IL News - QuincyJournal
The way I interpret "our jail no longer meets modern day needs" is "we need a new jail so we can further grow the incarcerated population, our police force, and government power while shrinking everyone's liberty and taxpayer pocket books." We may need a new jail just due to the age and safety but it shouldn't be any larger than the current one since our county population hasn't grown,…

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Harris sells Broadcast Division for $225 million

2 years 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.


From the Newsroom

Bob Gough on Twitter

Bob Gough 50 minutes ago

RT @Richard Roeper: I'm stunned by theater chains deciding not to run "The Interview." FDR: "The only thing we have to fear...is fear itself."
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Bob Gough 1 hour, 56 minutes ago

RT @QuincyJournal: Dirt turning underway at QU Stadium - Click to watch an interview with Marty Bell and Tim Weis of Quincy Universit... http://t.co/EocHV2Z7NM
QuincyJournal on Twitter

QuincyJournal 1 hour, 59 minutes ago

Dirt turning underway at QU Stadium - Click to watch an interview with Marty Bell and Tim Weis of Quincy Universit... http://t.co/EocHV2Z7NM
Bob Gough on Twitter

Bob Gough 2 hours, 29 minutes ago

RT @Clay Travis: Interesting stat from today’s NYT: EPL soccer games on NBCSN average 414k viewers. NHL games on same network average 342k. Wow.