The Times-Picayune published a study of the disparity between Jefferson Parish (LA) assessment values and the eventual sales price of homes on Sunday and by Tuesday, Arthur Sterbcow, president of Latter & Blum, Inc./Realtors had been fired.
Mr. Sterbcow's crime was that he cooperated with the investigation and had been quoted in the paper as being critical of the Jefferson Parish Assessor. Lawrence E. Chehardy is a second-generation assessor, who is described as the most powerful in Louisiana due to the value of the Parish's homes and its large population.
"Needless to say, the last people on earth we need against us are our assessors", Latter & Blum chairman Bob Merrick wrote in the email announcing the termination.
"I love Latter & Blum, I love the agents, I love the staff. It was just a business decision." Arthur Sterbcow told the Times-Picayune.
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Thursday, March 4, 2010
Sunday, February 28, 2010
Hawaii's Musical Newspapers to Merge
From 1971 to 1993, Gannett owned Honolulu's Star-Bulletin, then they sold it to purchase the Honolulu Advertiser, while the Star-Bulletin continued publishing under a joint operating agreement.
In 1999, Liberty Newspaper and Gannett announced the severance of this agreement along with plans to shutter the Star-Bulletin, which caused local activists concern and as a result, the State of Hawaii ordered them to look for a buyer.
Black Press of British Columbia purchased a controlling interest in the Star-Bulletin, set them up as a standalone company, then lost money on their investment for the next nine years.
On February 25th, the 55,000 circulation Star-Bulletin and its parent announced that they had reached an agreement to buy the 130,000 circulation Honolulu Advertiser from Gannett for an undisclosed sum.
Most likely, Gannett sold because Honolulu is the only market, where they do not not enjoy a monopoly; The Star-Tribune will now have that monopoly, if a buyer for the smaller paper can not be found and they'll gain a modern printing plant, something the smaller paper had lacked.
The U.S. Justice Department has ordered Oahu Publications to put the Star-Tribune on the market for antitrust purposes, but since no buyer is expected and the state has indicated that they will not stand in the way of a merger, the employees of the Advertiser have started fearing for their jobs and questions are being raised about future ad costs, when Honolulu becomes a one paper town in about six weeks.
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In 1999, Liberty Newspaper and Gannett announced the severance of this agreement along with plans to shutter the Star-Bulletin, which caused local activists concern and as a result, the State of Hawaii ordered them to look for a buyer.
Black Press of British Columbia purchased a controlling interest in the Star-Bulletin, set them up as a standalone company, then lost money on their investment for the next nine years.
On February 25th, the 55,000 circulation Star-Bulletin and its parent announced that they had reached an agreement to buy the 130,000 circulation Honolulu Advertiser from Gannett for an undisclosed sum.
Most likely, Gannett sold because Honolulu is the only market, where they do not not enjoy a monopoly; The Star-Tribune will now have that monopoly, if a buyer for the smaller paper can not be found and they'll gain a modern printing plant, something the smaller paper had lacked.
The U.S. Justice Department has ordered Oahu Publications to put the Star-Tribune on the market for antitrust purposes, but since no buyer is expected and the state has indicated that they will not stand in the way of a merger, the employees of the Advertiser have started fearing for their jobs and questions are being raised about future ad costs, when Honolulu becomes a one paper town in about six weeks.
Thursday, February 18, 2010
BofA Mum about Facebook & Lending
(If player fails to load, click post title)
Wednesday, January 6, 2010
Monday, January 4, 2010
Gerald Levin Apologizes for "Worst Deal in History"
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