Friday, Aug 28, 2015
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CordellWalker - Durham man shot by police - Quincy, IL News - QuincyJournal.com
Bubble buster here - your 1st amendment rights do not apply to the comment section of a privately owned news web site. You can't tell "fire" in a movie theater and cry 1st amendment either.
ONCEMORE1 - Durham man shot by police - Quincy, IL News - QuincyJournal.com
No Best Buy either---not worth the trouble. Don't know about likkah stores......
1950Brutus - Durham man shot by police - Quincy, IL News - QuincyJournal.com
I think all Canton has is a C.
eaglebeaky - Legionnaires’ disease outbreak at IL Vets Home - Quincy, IL News - QuincyJournal.com
Hopefully IDPH will be able to get a handle on this situation very quickly; the only hint of a silver lining to this story is that Legionnaire's is not an infection that can be easily spread via direct contact between one person and another. Infection control (especially when it comes to something as dangerous and potentially life-threatening as respiratory illnesses among an elderly population)…
eaglebeaky - Durham man shot by police - Quincy, IL News - QuincyJournal.com
Uhhh, TOL... I kinda hate to break this to you, but none of your rights are being violated in any way. First off, your comment looks like it was approved (I can see it; everyone else on the site can probably see it too). Your First Amendment rights have literally nothing at all to do with whether a privately-owned website (such as this one) allows you to post comments on their site. The Quincy Journal…

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Harris sells Broadcast Division for $225 million

2 years, 8 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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