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Local Government Elections Coming

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:amanda missick, donhue gardiner, local government, Pdm, pnp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 14 Oct 2014 – There could be local government elections coming for the family islands of the Turks and Caicos in the next fiscal year… explained by one of the ministers responsible for the implementation of this constitutional requirement. Hon Don Hue Gardiner said there is much to be considered including whether the local government reps will be elected… how they can elected and how much money should be budgeted for them to run the islands’ affairs, themselves. Also speaking to the issue, which has seen a back and forth between the PNP Administration and the PDM Official Opposition was Home Affairs Minister, Amanda Missick who said this financial year could not bear the implementation of the concept. Cabinet has sanctioned a working group to do the leg work ahead of a start next year to local government. Opposition Leader responds to Throne Speech  11 days later; says PDM Govt plan puts TCI in ‘deep doo doo’ TCI Country Leaders condemn vicious memes Olive branch extended by Opposition Leader, says it is time for Turks and Caicos leaders to unite Recommended for youlast_img read more

Investors IRS File Objections to Source Interlinks Reorganization Plan

first_imgLast week, the Internal Revenue Service filed its objection to Source’s plan, claiming it owes more than $10 million in unpaid taxes. The objection said Source’s reorganization plan cannot be confirmed because it does not ensure adequate payment of the IRS’ tax claims. The IRS said Source and its affiliates have not filed a “staggering” number of federal tax returns.It was not immediately clear how the IRS objection, or the stakeholders’ motion, will effect Source’s emergence from bankruptcy protection. A Source spokesperson did not return a request for comment. An attorney with Source’s legal counsel, Pachulski Stang & Hutz, also did not return a request for comment.Bankruptcy BackgroundLast month, the company, controlled by billionaire Ron Burkle’s Yucaipa Cos., filed for Chapter 11 bankruptcy protection—saying it reached an agreement with its lenders to “eliminate approximately $1 billion dollars of existing debt” and privatize the company.  Source’s lenders agreed to funnel $100 million in additional liquidity into the company. Source, in turn, agreed to pay “all of its vendors in full and on time.” Source said it expected to emerge from bankruptcy protection within 35 days.The company also is seeking permission to borrow up to $385 million in post-petition financing as part of its plan to eliminate $1 billion in debt, according to a report on Law360.com. Source reportedly owes its creditors about $733 million.A number of other creditors have also filed objections to Source’s plan of reorganization. According to a Law360.com report, SINV LLC, one of Source’s landlords, filed an objection stating that the planned consolidation of Source’s affiliates could “hurt its claims.”Automotive media company eVox Productions also objected, claiming, the plan violates a licensing agreement it had with Source.According to a report in the New York Post, a Source attorney said the IRS claims are current payroll taxes, not past-due back taxes.A hearing about Source’s plan of reorganization is scheduled for today. A group of stockholders and the Internal Revenue Service are among those that have filed objections to Source Interlink’s pre-packaged plan of reorganization.On Wednesday, the magazine publisher and distributor filed its own objection in Delaware’s U.S. Bankruptcy Court, asking the judge to deny an emergency motion filed by an ad hoc group of stockholders requesting a 45-day delay of the plan’s confirmation and to form an official committee of equity holders. According to the motion, Source’s plan includes a debt-for-equity swap with lenders and rewards management “responsible for present circumstances” with equity stakes in a new company.In its objection, Source said the ad hoc group is made up of investors who hold only about 2 percent of the company’s outstanding shares. Source said forming a committee is not necessary because, according to the plan, the stockholders are not expected to receive a meaningful distribution.last_img read more

People on the Move

first_img In her previous role, Blanchard served as head of communications for NBCUniversal’s Entertainment & Digital Networks and Integrated Media division, comprised of a diverse portfolio of businesses including Telemundo Media, Bravo Media and Sprout, among others. “Communication is central to everything we do as we transform Condé Nast to the premier media company of the future,” said Sauerberg.  “Cameron is a uniquely qualified executive with extensive experience in media, and will be the ideal partner to me and the team to lead our communications and strategic efforts during the next phase of our growth.” Here are the rest of this week’s people on the move:  AtlanticLIVE, the events division of The Atlantic, has hired Emmy award-winning journalist Rob Hendin as its executive producer. Hendin has served as a senior producer at CBS News’s Face the Nation since 2011. Prior to his tenure at Face the Nation, he held numerous leadership roles at CBS including chief White House producer, senior political producer and chief justice producer. International Business Times, a digital global news publication, has announced that award-winning journalist, Carter Dougherty, has joined the newsroom as senior international economics writer. Dougherty has covered international economic issues for nearly 20 years, starting at the specialty publication Inside U.S. Trade in Washington. Meredith Corporation has announced that chief strategy officer Kim Martin will be expanding her responsibilities to include oversight for Meredith National Media Group’s original video programming development across all platforms. Prior to joining Meredith, Martin served as president and general manager of WE tv for nine years.center_img Trusted Media Brands, Inc. (formerly Reader’s Digest Association) announced that Alec Casey has been appointed chief marketing officer. With more than two decades of publishing experience, Casey joins from Bloomberg, where he served as head of global circulation and production.  Condé Nast president Bob Sauerberg has appointed Cameron Blanchard executive vice president of corporate communications. Blanchard succeeds Patricia Röckenwagner and was previously senior vice president of corporate communications at NBCUniversal. Fusion.net has announced several hires to their audience development and analytics teams: Alton Phillips as their new executive director of audience development, and Diana Ryan, who will serve as a growth editor. Adam Neuman has been promoted to senior analytics manager and Harry Cammer has joined as analytics associate to support Adam. Farm Journal Media has named Melissa Sanders Carroll to the new position of general manager of Top Producer Executive Network (TPEN)–Farm Journal’s three year-old, rapidly growing peer-to-peer network for executive level producers. Most recently, Sanders Carroll served as general manager for Adayana’s government-focused consulting service in Washington DC.last_img read more

Hearst Magazines and Condé Nast Joint Venture PubWorX Acquires ProCirc

first_img PubWorX launched in February 2016 with the purpose of providing a range of services to small and large publishers in procurement, production, marketing, and circulation management, at scale. Essentially, it’s a one-stop shop that allows publishers to streamline resources and allow them to focus on their core business propositions, like content creation and audience and business development. It also saves publishers money by allowing them to work with fewer vendors. It’s also a unique media partnership, with two of magazine media’s largest private publishing companies teaming up to deliver publishing solutions to potential competitors across a range of categories. According to both Hearst and Condé, PubCirc will continue to operate independently as a division of PubWorX. President and cofounder Cary Zel, and CEO Marc Passarelli will remain in their leadership roles at the company. Further, a company spokesperson tells min that sales teams will be integrated to increase productivity. And PubWorx will continue to look for opportunities for interdivisional synergies down the road. The Hearst Magazines and Condé Nast joint venture — PubWorX — has acquired ProCirc, a Florida-based publishing services company with more than 50 publishing clients across more than 250 titles. The deal also adds more than 18 million readers to its service base. “ProCirc is a company we have long admired for its strategic, analytical approach to circulation management,” says PubworX CEO, Al Perruzza. “Both PubWorX and ProCirc have strong industry and supply-base relationships, and together, we can provide even more personalized service to a broader range of clients, amplifying our ability to quickly deliver bottom line results for their businesses.”center_img This deal is significant because it further consolidates a shrinking marketplace of publishing services. Magazine media once had a vast network of service providers — from printers to fulfillment houses to circulation management companies, which ranged from small regional companies, to large national operations. But now, fewer players are left at the negotiation table, and those remaining may find it difficult to compete with large entities like PubWorX that can offer more robust, affordable solutions. Terms were not disclosed. However, ProCirc’s clients include a list of notable magazine publishers, including Bonnier, Rodale, Outside Magazine, and New York Media.last_img read more

3 of a family killed as truck overturns

first_imgThe overturned truck at Mirzapur, Tangail. Photo: Prothom AloThree members of a family were killed and five others injured as a tiles-laden truck carrying them overturned in Shuvulla of Mirzapur upazila, Tangail early Tuesday. The deceased are Niranjan Mali, 35, his wife Sagari, 25 and their daughter Swarna, 8, from Joypurhat’s Khetlal upazila. The injured are now undergoing treatment in Mirzapur’s Kumudini Women’s Medical College Hospital, said witnesses. Confirming the incident, assistant sub-inspector of Mirzapur police station, Nazrul Islam, told Prothom Alo that the truck, which was heading towards northern region, had eight passengers on it. When the truck reached Shuvulla area around 2:30am, the driver lost control and it overturned on the road, leaving the three members of the family dead and others injured. The injured were whisked off to Kumudini Women’s Medical College Hospital in Mirzapur, the police officer also said adding that at least two injured are in critical condition.last_img read more