14 09 19

first_imgAfter emerging from Chapter 11 on May 20, Summit Business Media has added four new executives to its board of directors roster. Charles McCurdy, CEO of Apprise Media and former CEO of Canon Communications, is now chairman of the board for Summit; he serves on the Cygnus Business Media Board as well. McCurdy is a former chairman of American Business Media.David Nussbaum, chairman and CEO of F + W Media, also joins Summit’s board. Nussbaum will continue to his work with the Thomas Nelson board, and is a member of Metamorphic Ventures’ advisory board. Nussbaum is a former CEO of Penton Media.Another new director on the Summit board is Jason Young, founder of Smart Device Media. Before beginning Smart Device, Young was CEO of Ziff Davis Media; he was with the company for 20 years. Jean Clifton rounds out the additions to Summit’s board of directors. Clifton has acted as EVP and CFO of Penton Media, and SVP and CFO at Reader’s Digest Association. She currently serves on the board of Dainik Bhaskar.Andy Goodenough, president and CEO of Summit (pictured), says of the new board members, “We will work closely with them to implement Summit’s growth strategy as we move beyond our restructuring with a new capital structure that provides financial flexibility and cash flow for supporting the new stage of growth for Summit.”Summit Business Media filed for Chapter 11 in January 2011, after a series of seven deals in 2006 and 2007 contributed to its debt pool. The reorganization plan, which had to go through the courts because only 83 percent of Summit lenders approved it, proposed using Summit’s bank balances and cashflow from current operations to meet working capital needs.The plan was officially approved by the United States Bankruptcy Court for the District of Delaware on May 5, and has wiped $140 million of debt from Summit’s balance sheet.last_img read more

11 09 19

first_imgWILMINGTON, MA — According to the Wilmington Town Clerk’s calendar, there are several town and school board, committee and commission meeting scheduled for the week of Sunday, January 13, 2019.Sunday, January 13No MeetingsMonday, January 14The Wilmington Housing Authority meets at 4pm in Deming Way’s Community Hall. Read the agenda HERE.The Wilmington Special Education PAC meets at 6:30pm in the High School’s Library. Read the agenda HERE.The Wilmington Historical Commission meets at 7pm in Town Hall’s Room 4. Read the agenda HERE.The Wilmington Board of Selectmen meets at 7pm in Town Hall’s Room 9. An Executive Session precedes the meeting at 6pm. Read the agenda HERE.Tuesday, January 15The Wilmington Board of Health meets at 5:30pm in Town Hall’s Room 9. Read the agenda HERE.The Wilmington Board of Library Trustees meets at 7:30pm in the Library’s Banda Room. Read the agenda HERE.Wednesday, January 16The Wilmington Board of Appeals meets at 7pm in the Town Hall Auditorium. The agenda will be posted HERE by Monday night.Thursday, January 17The Wilmington Elderly Services Commission meets at 1:30pm at the Senior Center. Read the agenda HERE.The Wilmington Water & Sewer Commission meets at 5:30pm in Town Hall’s Room 9. Read the agenda HERE.Friday, January 18No MeetingsSaturday, January 19No Meetings(NOTE: While unlikely, it is possible additional meetings could be added to this week’s calendar on Wednesday, Thursday, or Friday.  It’s best to check the Town Clerk’s calendar mid-week.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWhat Are Town Boards & Committees Talking About? (Week of August 11, 2019)In “Government”What’s Happening At Town Meetings This Week? (Week of September 8, 2019)In “Government”What Are Town Boards & Committees Talking About? (Week of June 9, 2019)In “Government”last_img read more

5 09 19

first_imgState-owned telecom operators – Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) – are reportedly in talks with private players to share spectrum in a bid to reduce losses and improve their revenues.”We are talking to two-three private operators. We have unutilised spectrum in many locations, in different circles,” a senior BSNL official told Business Standard.While MTNL provides telecom services in Delhi and Mumbai, BSNL offers services in the rest of the country. Due to intense competition in the telecom space, both the public sector operators have been struggling, incurring huge losses for the past few years.BSNL had posted a loss of Rs 7,600 crore for the financial year ending 31st March 2015, while MTNL’s loss stood at Rs 745 crore in the first quarter of the current financial year.Sharing spectrum with the two government-owned telcos is expected to assist private operators to address rising call drop issues. It will enable them to use their spectrum efficiently.In a bid to address the growing furore over increasing call drops, the telecom regulator has recently recommended operators to provide compensation to users for each dropped call. The Telecom Regulatory Authority of India (TRAI) has asked the operators to offer a compensation of Re 1 for each call drop.With the government giving its green signal for spectrum sharing, many companies have intensified their talks for such an arrangement, said the BSNL official.Nevertheless, the government has to ease the spectrum cap limits in order to enable spectrum sharing between two major telecom operators.As per the existing rules, an operator is not permitted to have over 25% of the spectrum allotted to all operators “in a particular circle or more than 50% of spectrum assigned in a particular frequency band.”last_img read more

5 09 19

first_imgOil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.Brent crude futures LCOc1 were trading down 25 cents, or 0.5 percent, at $49.94 per barrel at 0205 GMT.U.S. West Texas Intermediate (WTI) futures CLc1 were down 26 cents, or 0.5 percent, at $47.98 a barrel.The dips follow fresh production highs from the Organization of the Petroleum Exporting Countries (OPEC) as rival members like Saudi Arabia, Iran and Iraq are reluctant to give away market share.OPEC’s oil output is likely to reach 33.60 million bpd in September from a revised 33.53 million bpd in August, its highest in recent history, a Reuters survey found on Friday.”Sentiment has been slightly dented by a Reuters survey Friday, showing that despite agreeing to cut production OPEC pumped crude in record amounts through September,” said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore.The price falls came despite last week’s agreement by OPEC members to cut output to between 32.5 million barrels per day (bpd) and 33.0 million bpd from about 33.5 million bpd, with details to be finalised at OPEC’s policy meeting in November.Traders said there was more downside risk to oil prices if the planned cut wasn’t deep enough to bring production back in line with consumption.”OPEC has created its own Q4 risk to oil prices … In raising expectations of a November deal to cut production, it also risks a steep price decline should it fail to achieve its goal of cutting output back to less than 33 million bpd,” Barclays said in a note to clients.Despite that, the British bank said it did not expect a repeat of the price crash seen late last year after a rally earlier in 2015.”We think oil prices, and commodities more generally, will avoid the Q4 price crash that has become a feature of the market in recent years,” it said, pointing to an improving Asian economic growth outlook, falling oil supplies and rising investor interest in oil markets as support factors.Trading activity will be limited on Monday as public holidays in China and Germany mean Asia’s and Europe’s biggest markets are shut.last_img read more

3 09 19

first_imgPopular beauty parlours Persona and Farzana Shakil’s were fined Tk 1.5 million each on Thursday for using expired and fake cosmetics, reports UNB.Executive magistrate of Rapid Action Battalion (RAB) headquarters Sarwar Alam conducted the mobile court assisted by RAB-1 and representatives of BSTI from 12:30pm in Gulshan and Banani.During the drive, the mobile court seized huge quantities of fake and expired cosmetics from the beauty parlours, said executive magistrate Sarwar.last_img

2 09 19

first_imgEric Gay/APThis March 21, 2018, file photo shows law enforcement investigating the scene in Round Rock where Mark Conditt blew himself up as authorities closed in.The Austin Police Department (APD) confirmed this week no officers will be indicted for shooting at the man behind several bomb attacks last spring. A Williamson County grand jury declined to charge an APD officer who fired on Mark Conditt just before he killed himself with a bomb in his car in Round Rock. APD Chief Brian Manley said aerial police video of the incident shows officers acted appropriately.The bombings killed two people and injured four others. The case is still under investigation. Sharelast_img