Even concerns about Snapchat's slowing user growth aren't stopping investors from clamoring for its stock.
from http://baltimoretimes-online.com/news/2017/mar/01/snapchat-said-be-valued-nearly-24-billion/
Wednesday, March 1, 2017
Sinclair Broadcast acquires Tennis.com, magazine for $8 million
Sinclair Broadcast Group Inc. has acquired Tennis Media Co. in an $8 million deal aimed at growing the Tennis Channel. The deal has an additional $6 million earn-out potential “based on certain contingencies” which were not disclosed. Sinclair plans to combine Tennis Media Co. which owns Tennis.com and Tennis Magazine, with the Tennis Channel to make it the media hub for the entire sport. The transaction was funded with cash on hand. The Hunt Valley broadcaster acquired the Tennis Channel last…
from http://www.bizjournals.com/baltimore/news/2017/03/01/sinclair-broadcast-acquires-tennis-com-magazinefor.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157877181437
Hogan designates $50 million to combat opioid problem
Gov. Larry Hogan declared Maryland’s opioid epidemic a state of emergency, signing an executive order for $50 million in new funding to address the crisis. Heroin and fentanyl are two of the most common and dangerous opioid drugs in use today, increasing at a fast pace across Maryland and the U.S. There were 918 fatal heroin overdoses in Maryland between January and September 2016, nearly double the amount from the previous year’s period, according to the Department of Health and Mental Hygiene.…
from http://www.bizjournals.com/baltimore/news/2017/03/01/hogan-designates-50-millionto-combat-opioid.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157872146167
'Trump effect' rally pumping up many Baltimore-area stocks
Legg Mason Inc., Sinclair Broadcast Group Inc. and other Greater Baltimore public companies are seeing their stock prices soar in the midst of a market rally attributed to Donald Trump’s November victory. But two local companies — Under Armour Inc. and T. Rowe Price Group Inc. — have been left out of the benefits of the so-called “Trump effect.” The stock market’s seemingly never-ending ride is being prompted by promises that the Republican real estate mogul-turned-politician will cut regulations,…
from http://www.bizjournals.com/baltimore/news/2017/03/01/trump-effect-rally-pumping-up-many-baltimore-area.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157872145927
Pugh nixes Rawlings-Blake's plan to sell parking garages
Mayor Catherine Pugh will not follow through on a plan proposed by Mayor Stephanie Rawlings-Blake to sell four city-run parking garages to help pay for upgrades to the city’s recreational centers. Pugh, speaking at her weekly press conference Wednesday, said she is “not looking at selling any assets at this point.” The mayor touted several recent public-private partnerships that can be used a blueprint to upgrade the rec centers, including the recently opened UA House at Fayette. That $6.5 million…
from http://www.bizjournals.com/baltimore/news/2017/03/01/pugh-nixes-rawlings-blakes-plan-to-sell-parking.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157871209547
Pugh: State aid will be needed for Pimlico overhaul
Mayor Catherine Pugh is looking toward the state to contribute to a much-needed overhaul of Pimlico Race Course, a project that could cost upward of $320 million. “I think public-private partnerships will [be key],” she said Wednesday. “States have always come to the aid for local stadiums, as they did for the stadiums that are currently in Baltimore. I would look for that same kind of support in this case.” Gov. Larry Hogan on Tuesday said the state is “not going to write a check for $300 million"…
from http://www.bizjournals.com/baltimore/news/2017/03/01/pugh-state-aid-will-be-needed-for-pimlico-overhaul.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157870310107
Live Baltimore CEO stepping down
One of Baltimore’s top ambassador’s is leaving town. Steve Gondol, executive director of the nonprofit city promotional group Live Baltimore, resigned Tuesday to move with his family to Dayton, Ohio as his wife joins PDI Communication Systems, her family’s business there. Gondol lives in the Patterson Park community. He had been head of Live Baltimore since 2011 and started with the group in 2007 as a Base Realignment and Closure Relocation Manager. “The city, the people, and life here have…
from http://www.bizjournals.com/baltimore/news/2017/03/01/live-baltimore-ceo-stepping-down.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157869265262
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