Just days ago I urged journalism teachers to force students to learn about business and finance. In particular, I want students to understand debt financing, which has put a stranglehold on many publications.My hope is that by understanding the murderously difficult environment in which many publishers operate, students will made better decisions about their career path.To that end, I offer a reading assignment. Reuters has published a lengthy and well-reasoned article showing that it will be damn near impossible for Sam Zell to avoid a default at the Tribune Co., which is groaning beneath $4 billion of debt and some tough-to-meet debt covenants. You can check out the article here. Students who take the CliffNotes approach to study can get everything they need from PaidContent’s take.Those of us in b-to-b should avoid the urge to feel smug about the nightmare that is newspaper finance. In our end of the industry, things are likely just as bad. But since so many of our major players are privately held, we just don’t know how ugly the balance sheets may be.And as I’ve said before, I’m worried.Read more here …
As it preps for the September launch of Manhattan magazine, Modern Luxury Media has acquired luxury lifestyle e-zine Juli B, bringing a 700,000-name email list of readers in fourteen cities with it. Terms of the deal were not disclosed. Juli B. delivers approximately 60 million email impressions per year, according to Modern Luxury CEO Michael Kong, as each edition is bi-weekly. “Many city magazines offer ‘email blasts’ to their subscribers that don’t even top 5,000 recipients,” Kong wrote to FOLIO: in an email. “With Juli B., we’ve got real scale and should be right on the radar screen of big national advertisers as well as smaller regional ones.” Modern Luxury will publish magazines in thirteen of Juli B.’s fourteen markets once it launches Manhattan, which will be distributed directly to 60,000 New York metropolitan area homes. The acquisition is particularly timely, according to the company, because of Juli B.’s “New York roots and the fact that the New York edition was the first and remains the biggest,” with approximately 108,000 of its readers located there. According to Kong, Manhattan surpassed its first issue ad revenue goal of $1 million several months ago. The magazine is set to launch with about 240 pages, 60 percent of which will be editorial. The acquisition of Juli B. is a first move in a series of planned digital initiatives, according to the company. Modern Luxury will announce another “major launch” in the coming weeks, Kong wrote.
A group of technology and energy companies have committed to hire or train 90,000 veterans and military spouses in the next five years, First Lady Michelle Obama announced last week during an event marking the fourth anniversary of the Joining Forces initiative.When the effort to raise awareness among all Americans about the service, sacrifice and needs of military families initially was launched, President Obama challenged the private sector to hire 100,000 veterans and spouses.Now, less than four years later, “America’s businesses have continued to race past my husband’s initial goal, and together, those businesses who answered the president’s call have hired or trained more than 850,000 veterans and military spouses,” the first lady said.The commitment from technology and energy firms is particularly valuable as those industries are driving economic growth, reported DOD News.The president recently announced the expansion of a pilot program to train transitioning service members for jobs in the solar industry. The Solar Energy Industries Association is pledging to hire or train 33,000 veterans and spouses over the next five years, the first lady said.The corporate hiring initiatives typically involve a partnership between industry and educational institutions involving job training, internships and apprenticeships.The Joining Forces event was held in Manassas, Va., at Micron Technologies, which makes memory-storage devices. The manufacturer is participating in a pilot program through the Northern Virginia Technology Council to match student veterans at local institutions of higher learning to 50 high-tech companies throughout the region.“Veterans get hands-on experience and the companies connect with a pipeline of top-notch talent,” Obama said. The northern Virginia partnership is one of many across the country helping veterans and military spouses, she added. Dan Cohen AUTHOR
Ford’s newly launched EcoSport SUV has reportedly received more than 14,000 bookings in less than two weeks.The Financial Express, citing a source close to the development of EcoSport, said the American auto major has received more than 14,000 orders for EcoSport in India, and this number is likely to cross 17,000 by this Friday.”By last Friday, bookings for the EcoSport had touched 14,000. By now, this would have crossed 17,000. A new count will be taken by Friday,” a source told to the Financial Express.The report also stated that due to higher demand for the diesel version of EcoSport, some dealers across the country have also stopped taking orders. The greater demand for the vehicle in the sub-continent will push the company to extend the waiting period for customers.The vehicle which was launched in the country on 26 June is expected to be a game-changer for Ford in the auto market. By pricing it low, Ford is directly posed a challenge to current auto market leaders like Maruti and Hyundai along with Renault Duster, Mahindra Quanto and Premier Rio. The car comes with a starting price of ₹5.59 lakh.Under the hood, EcoSport comes with 1.5L petrol, 1.5L diesel and the 1.0L EcoBoost engine. The 1.5L petrol engine is expected to give 112 PS power and 140 Nm torque. It comes in both manual and automatic transmissions. The manual transmission model gives a mileage of 15.8 kmpl, while the automatic model is expects to deliver 15.6 kmpl. The revolutionary EcoBoost EcoSport engine churns out a power of 125 PS and 170 Nm torque along with a mileage of 18.9 kmpl. The diesel variant of EcoSport is the most fuel-efficient among all models and is expected to give a mileage of 22.7 kmpl.”We have had an overwhelming response and are now consolidating the order list. This is quite high and unprecedented for us at Ford,” said Vinay Piparsania, executive director for marketing, sales and service, Ford India.Meanwhile, Ford India is recalling its EcoSport diesel models in India due to the problems with the glow plug module. The recall of newly launched vehicle is likely to hurt the sentiments of prospective buyers in the country.
Bangladesh is no longer a safe haven for Indian insurgents, Border Security Force (BSF) Director General KK Sharma said on Friday.“They (Indian insurgents) are no longer active in Bangladesh. There were few training camps and hideouts of Indian insurgents and on our (BSF) information, the BGB (Border Guards of Bangladesh) has taken effective action and destroyed them,” Sharma said on the sidelines of a function at the BSF (Meghalaya Frontier) headquarters here.Moreover, he said if there was any definite knowledge of Indian insurgent camps on Bangladesh soil, action would be taken by the Bangladesh security forces to dismantle them.India has a 1,880 km border with Bangladesh along four states – Tripura (856 km), Assam (263 km), Meghalaya (443 km) and Mizoram (318 km).Expressing concern on the cattle smuggling along the India-Bangladesh border, Sharma said his troopers continued to make all efforts to thwart the crime.“You must realize that the populations on both sides of the border have been indulging in this activity for a very long time. Wherever we become strict, cattle smuggling is stopped in that area. They immediately shift to another area. So inspite of our best efforts, this has not completely stopped,” he said.Sharma said the BSF was in the process of covering the gaps along the India-Bangladesh border with technological solutions.“Very soon we will be installing an intruder detection alarm system to detect any intruder.
US Secretary of State Mike Pompeo shake hands with Saudi foreign minister Adel Al-Jubeir in Riyadh. Photo: ReutersWashington’s new chief diplomat was to meet Saudi and Israeli leaders on Sunday to rally coordinated opposition to Tehran and brief them on President Donald Trump’s threat to end the Iran nuclear deal.Secretary of State Mike Pompeo touched down in Riyadh on Saturday shortly after Tehran-backed Huthi rebels in Yemen fired missiles across the kingdom’s border.US officials travelling with Pompeo told reporters the Huthi missiles had been supplied by Iran, and cited the attacks as evidence that regional powers should work together.Pompeo had dinner with Saudi Arabia’s crown prince Mohammed Bin Salman, and on Sunday he was due to meet his father king Salman.Then he was due to fly on to Jerusalem to meet Israeli prime minister Benjamin Netanyahu and then on to Amman in Jordan, wrapping up a weekend of talks with some of Iran’s most fervent foes in the region.Trump is due to decide on 12 May whether to reimpose nuclear-related sanctions on Tehran, putting in peril the landmark 2015 nuclear accord, which most world powers see as key to preventing Tehran from getting the bomb.But Trump and America’s Middle East allies argue the deal, approved by Trump’s predecessor Barack Obama, was too weak and needs to be replaced with a more permanent arrangement and supplemented by controls on Iran’s missile program.Pompeo set off on his first diplomatic trip within two hours of being sworn in on Thursday and on Friday—after talks with the NATO allies in Brussels—he appeared to suggest that Trump plans to nix the deal.“Absent a substantial fix, absent overcoming the shortcomings, the flaws of the deal, he is unlikely to stay in that deal past this May,” Pompeo told reporters in at NATO headquarters.Perhaps the last chance to fix these supposed shortcomings came from talks between Washington and its European allies Britain, France and Germany on a supplemental agreement to sanction Iran’s missile program.But both President Emmanuel Macron of France and Germany’s Chancellor Angela Merkel left Washington this week after talks with Trump having failed to secure any promise that he might keep the core deal alive.Air strikesThat may be music to the ears of the Saudi and Israeli leaders, who both support a tougher line on Iran.“This administration has made it a priority to address Iran’s missile programs,” a senior US official told reporters in Riyadh, condemning the latest Huthi volley of missiles, themselves in part a response to Saudi air strikes.“Iran supplies the missiles that the Huthis fire into Saudi Arabia, threatening civilians,” he said. “Today alone the Saudis shot down four Huthi missiles, the latest in a string of such attacks.”Earlier, a civil defense official had said that at least one Saudi had been killed by falling shrapnel as his government’s air defense batteries attempted to intercept the missiles near the Yemen border.A Saudi-led coalition air strike overnight Friday to Saturday killed dozens of Yemeni rebels including two commanders, state media said.Prince Salman and his father will welcome US solidarity against Iran—just as Israel will want to see greater US support for its efforts against Iranian influence in Syria and Lebanon—but Pompeo has come with requests too.According to US officials, while Riyadh has a right to self-defense, it must come to see that the solution to Yemen’s civil war will be a political one and its forces must not exacerbate the massive humanitarian crisis there.Washington also wants to see an end to the Gulf crisis that has seen Saudi Arabia and the United Arab Emirates impose a diplomatic and trade embargo on fellow US regional ally Qatar.And, perhaps most importantly for Trump, Pompeo will urge Saudi Arabia to provide personnel and funding to help US efforts to stabilize northeastern Syria in the wake of the expected defeat of the Islamic State group.“The president has made clear that he wants to see meaningful participation from states in the region,” another senior US official travelling with Pompeo’s party said.“We want to see the kind of participation, for financial efforts, not just kinetic efforts that would match, parallel, would assist, the US role,” he said. The United States has more than 2,000 troops in Syria.On Qatar, the US officials said they do not blame one side or the other, but want Riyadh and Doha to sort out the stand-off themselves.Humanitarian tragedyAnd on Yemen, they warned the Saudi-led coalition not to again block or bomb ports that supply vital civilian aid, warning that there is no military solution to the crisis.“The humanitarian situation in this tragic country cannot be allowed to become worse. It needs to get better. And that means full and free access to humanitarian goods, to commercial goods, to fuel,” one said.Pompeo will conclude his first diplomatic trip on Monday after talks with senior Jordanian officials and then fly back to Washington to move in to his office in the State Department.
Kolkata: Train services were disrupted on Monday night and Tuesday afternoon in the Sealdah South section of Eastern Railway.On Monday, around 8:30 pm, one pantograph of Down Sealdah-Lakshmikantapur local broke after reaching Baruipur station. As a result, power services to the train was cut-off. Immediately engineers of Eastern Railway were informed. One tower van was also sent to repair the damaged pantograph. But, engineers were not able to repair it soon. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataSome passengers allegedly ransacked the Baruipur station around 11:30 pm as the repair-work was taking time. Railway Protection Force (RPF) and Government Railway Police (GRP) intervened and brought the situation under control. Repair work went on throughout the night and normal train services were resumed on Tuesday morning. After Monday night, train services were again hampered in the South Section on Tuesday afternoon due to road traffic congestion at Kakulia Gate near Ballygunge railway station. Also Read – Lightning kills 8, injures 16 in stateAccording to Eastern Railway authority, train services in Ballygunge – Sonarpur and Ballygunge – Budge Budge sections were delayed due to road traffic congestion at the Level Crossing (LC) Gate No. 5ST near Ballygunje, which popularly known as Kakulia Gate. The heavy rush of road traffic at this LC Gate since 3 pm caused delay in closing the gate and granting proceed signal to the trains. Situation turned normal in the evening. Eastern Railway authority has also informed that train services will be partially affected due to the maintenance work on down line between Chakdaha, S imurali and Madanpur stations in Naihati-Ranaghat section which will commence from May 2. It will continue till May 15 as traffic block will be implemented. Several trains will be cancelled and many more will be controlled enroute.
VELLORE: Internet of Things 2018 – an Industry Academia conclave began at Vellore Institute of Technology. R K Shenoy, Senior Vice President at Robert Bosch Engineering and Business Solutions Private Limited, inaugurated the event at Kamaraj Auditorium recently. Anand A Samuel, Vice Chancellor of VIT and Anil Prakash, General Manager, Training and Development, Global Mobility, University Relation of Robert Bosch were also present at the ceremony organised by the School of Electronics Engineering (SENSE). Also Read – Add new books to your shelfElizabeth Rufus, Dean of SENSE, welcomed the gathering along with M Arun, event coordinator, who outlined the objectives of the conclave and Professor P Karthikeyan who thanked the gathering. Presiding over the function, Dr G Viswanathan, Founder and Chancellor of VIT, said that the Industry Academia Conclave was being held at VIT for the second year in a row. Towards this endeavour, VIT had tied up with over 1,000 industries and had also taken up research that was required for these industries. Further, they also provided opportunities for people to take up research at the University. Also Read – Over 2 hours screen time daily will make your kids impulsiveDr Viswanathan said that such industrial academic tie-ups would pave the way for devising means to increase industrial production and also to establish new methods to devise low cost means while at the same time implement high-end technological processes in industrial production. Along with an increased output in agricultural sector and growth of industries, India would become a developed nation. In his address, Shenoy said that it was very important for industries to work closely with educational institutions for increasing production and also for creating new innovations. The impact of these findings will significantly improve the quality of life of people. He said that there were many industries that were struggling to devise new means of production. And, adding that such conclaves would help in addressing the problem. More than 300 academicians, industry representatives, experts, young research scholars and students are taking part in the event, where the speakers would be discussing and also exchanging ideas on subjects like cloud computing, data analytics, security and block chain.