Author Archives: Fred Stiening

It is time for the annual Gingerbread house contest at Ballantyne Hotel and resort http://www.charlotteobserver.com/news/local/community/south-charlotte/article121975459.html

One of the benefits of bankruptcy (as opposed to debt restructuring) is it allows the bankrupt company to terminate contracts. WLS has let the local hosts from 10 AM to noon go, replaced by syndicated Cumulus host Chris Plante. This … Continue reading →

Add Travis Smiley to the list of men pulled off the air on radio or TV based on accusations of improper past conduct. The list being mostly liberal men is not mitigating the underlying principle. We have: Garrison Keiller Tom … Continue reading →

My comment last month was hypothetical http://www.dailymail.co.uk/news/article-5161765/Bitcoin-mining-causing-electricity-blackouts.html For those not familiar with the process, a bitcoin is a secure virtual currency. In order to prevent a flood of that coin and a bubble market and bust, you have to create … Continue reading →

In 1954, Joseph Welch stunned Senator Joseph McCarthy and his aide Roy Cohn by challenging the out of control committee accusing pretty much everyone of being a Communist. What we have going on at the moment is a cross betwen … Continue reading →

Timothy Belk was one of the heirs of the Belk department store fortune. He is now running an organic farm with no prior farming experience. http://www.charlotteobserver.com/news/business/article187512383.html http://www.charlotteobserver.com/news/business/article86612887.html One of the other female heirs (in her 50s) married a surfer dude … Continue reading →

The year was 1976. I was attending Catawba College and involuntarily was assigned to an evening class with real adult people actually working out in the real world. Several of the men told us they were working on a business … Continue reading →

The deed is done. Facing default on Friday, Cumulus has filed a prepackaged Chapter 11 bankruptcy. If I followed the details, the existing CMLS stock is cancelled with no residual value – that wipes out the Dickey Brothers and the … Continue reading →

https://www.reuters.com/article/us-time-m-a-meredith/meredith-nears-deal-to-acquire-magazine-publisher-time-sources-idUSKBN1DQ0TH Time Inc is no longer part of Time/Warner, which runs CNN – the publishing business was spun off in 2014 Time, Inc has a market capitalization of about $1.7 billion, and the group expected to make the offer is … Continue reading →