Wednesday, Jul 23, 2014
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luanjo3 - Amending Illinois Constitution a tough path for pension reform - Quincy, IL News - QuincyJournal.com
I agree!!! I'm tired of the answer to everything being raise taxes. And if they aren't raising taxes they are trying to come up with new taxes to get even more out of us.
jocar531 - Durbin, Oberweis spar over earmarks, minimum wage - Quincy, IL News - QuincyJournal.com
Term limits is only 1 reason Durbin MUST lose. He voted for BOhealthcare, he wants immigration reform and amnesty, he voted to raise taxes, he was involved in the IRS scandal against citizens free speech and free choice, he votes party lines without representing the people. He is a lying democrat thru and thru. I have emailed him my opinion many, many times and when he responds he is ALWAYS on the…
1950Brutus - Too many governments? Downstate has the biggest share - Quincy, IL News - QuincyJournal.com
One important factor for me is missing from this article. How many politicians/bureaucrats have served time in jail for Cook and Iroquois counties? The question is not only quantity of government but quality of government.
Stupid_Dems - Amending Illinois Constitution a tough path for pension reform - Quincy, IL News - QuincyJournal.com
You mean they should just keep on footing the bill for every freaking thing? I say the taxpayer has had it! Time to put the goose that lays the golden eggs on a diet. Lets start by cutting our city council and county board in half. Next, every state employee making over $100,000 takes a 10% pay cut. That would be a good start.
1950Brutus - Quincy Police Blotter for July 23, 2014 - Quincy, IL News - QuincyJournal.com
Are employees allowed to have their cell phones in the building?? - if so then this is a stupid rule. I doubt the "efficiency" of our government will be impacted much by a cell phone that is turned off.

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Harris sells Broadcast Division for $225 million

1 year, 7 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.


From the Newsroom

Bob Gough on Twitter

Bob Gough 5 minutes ago

@KeeneMLB @Ben_WGEM Consistently inconsistent.
Bob Gough on Twitter

Bob Gough 8 minutes ago

@KeeneMLB @Ben_WGEM The season of meh.
QuincyJournal on Twitter

QuincyJournal 4 hours, 47 minutes ago

Arrest made in Monday break-in http://t.co/5bni7vXEq9
Bob Gough on Twitter

Bob Gough 7 hours, 57 minutes ago

@goughmedicine Figured you weren't pleased with him.