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History: Area’s oldest businesses

History: Area’s oldest businesses

Businesses, like natural persons, are mortal. They’re born, struggle through youth, flourish for a while, and then pass quietly away. Few attain the biblical lifespan of three score and ten – in fact, most expire within a decade or two. Colorado City was founded in 1859, Colorado Springs in 1871, Manitou Springs in 1872. By… Continue Reading History: Area’s oldest businesses

Anschutz: Business icon making his mark on Colorado Springs

Why write about Philip Anschutz? His ownership of The Broadmoor, The Gazette and other rumored or potential business ventures in the Pikes Peak region makes him a natural subject ­— but that’s not even the tip of the iceberg. Anschutz is to business what Babe Ruth is to baseball, John Elway to football, Michael Jordan… Continue Reading Anschutz: Business icon making his mark on Colorado Springs

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Stage appears set for Anschutz buying Gazette

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He owns hotels, railroads, newspapers, sports teams, arenas, movie theaters and ticket brokers. He has interests in at least 150 companies. His family foundation, created in 1964, has more than $2 billion in assets. He gave $100 million to the University of Colorado Medical Campus, which was renamed to recognize his generosity. His net worth… Continue Reading Stage appears set for Anschutz buying Gazette

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Freedom sells television stations

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Freedom Communication, which owns the local daily The Gazette, will sell its television division to Sinclair Broadcast Group of Maryland. The company’s flagship paper, The Orange County Register, is reporting that the $385 million deal will erase the debt owed by Freedom and its newspapers. Freedom owns eight television stations, and the deal will close… Continue Reading Freedom sells television stations

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How much might The Gazette fetch?

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With The Gazette in all probability on the sales block, the natural question that follows is, what’s it worth? The old gray lady of Prospect Street ain’t what she used to be. Here is a breakdown of the factors any buyer would consider, based on hard numbers reviewed by the Business Journal: Buildings and equipment… Continue Reading How much might The Gazette fetch?

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The Wall Street Journal reported yesterday that Freedom Communications, parent company of the Colorado Springs Gazette and more than 100 other media properties, will file for bankruptcy this week.

The WSJ said that the chain would be taken over by the banks that hold the company’s debt and that present equity holders would be wiped out.

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Freedom CEO: Bankruptcy possible

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In an interview with the Orange County Register published earlier this week, Burl Osborne, the interim CEO of Freedom Communications, said that the company is in discussions with its bankers about “restructuring.”

Freedom, which owns dozens of media properties, including the Register and the Colorado Springs Gazette, is more than $700 million in debt.

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Forum about April tax measures today

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A forum to discuss tax measures on the April 7 ballot is scheduled for 11 a.m. today in the Carnegie Room of the Penrose Public Library at 20 N. Cascade Ave. The Gazette and KOAA-TV are sponsoring the forum. News reporters from both organizations will ask questions of the supporters and opponents of the measures. Tax questions… Continue Reading Forum about April tax measures today

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The CEO of RadioShack was fired after it was discovered he didn’t graduate from MIT. One of the chefs on a Food Network program never cooked for England’s royal family. And it appears that Gazette publisher Steve Pope didn’t actually help start a newspaper in Houston. While lying on resumes is common — exactly how… Continue Reading Keep your fingers crossed

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