Wednesday, November 22, 2017
Business

Times Publishing secures $28 million loan

RECOMMENDED READING


Times Publishing Co., which includes the Tampa Bay Times, has secured a $28 million loan from Crystal Financial, a Boston-based independent commercial finance company.

Times Publishing is using the loan to refinance existing debt and to help the company grow.

"We are delighted to be partnering with Crystal Financial as our financing source," said Times chief financial officer Jana Jones. "They were very responsive, understood our unique needs and were flexible in their approach. The capital they have provided will be instrumental for the future growth and development of our business."

LCG Capital based in Tampa served as the adviser to the Times on the transaction. The loan matures in 2016. Other terms were not disclosed.

"We view the Tampa Bay Times as the dominant newspaper serving the metro Tampa/St. Petersburg market as evidenced by the largest circulation of readers in the state of Florida as well as the Southeast," commented Andrew Hettinger, Managing Director of Crystal Financial. "Throughout the process, we were highly impressed by the paper's strong management team, operational strategy, market reputation, and commitment to the community. We are thrilled to be a part of this transaction."

Comments
Across country, small retailers aim for emotional ties big chains may lack

Across country, small retailers aim for emotional ties big chains may lack

Associated PressSome smaller retailers will tug at shoppersí heartstrings during the holidays, trying to create an emotional experience or connection that a big national chain might not provide.Store owners are going well beyond the usual holiday dec...
Published: 11/22/17
Six years and counting: Allegiant Air reaches agreement with flight attendants

Six years and counting: Allegiant Air reaches agreement with flight attendants

ST. PETERSBURG ó After six years of negotiations, Las Vegas-based Allegiant Air and its flight attendants union reached a tentative contract to improve worker pay and benefits and solidify airline policies."We feel like itís an agreement that is cert...
Published: 11/22/17
Workers at luxury St. Pete condo tower say they are owed thousands

Workers at luxury St. Pete condo tower say they are owed thousands

ST. PETERSBURG ó Nearly three dozen workers at ONE St. Petersburg, a luxury condo tower under construction in the heart of downtown, havenít been paid in weeks and are owed thousands of dollars.With the holidays nearing, some of the men say they are ...
Published: 11/22/17
Some cities faced with all-or-nothing medical marijuana rules are playing it safe

Some cities faced with all-or-nothing medical marijuana rules are playing it safe

When it comes to weighing the options for regulating medical marijuana through the law passed this year, Dunedin city commissioners declared local governments face a "conundrum" and "a false dilemma."They said they would welcome a dispensary in the c...
Published: 11/22/17
More guns being detected at Tampa Bay area airports ó and everywhere else

More guns being detected at Tampa Bay area airports ó and everywhere else

TAMPA ó Hereís some travel math for this traditionally heavy day for long trips: More people carrying guns plus more people flying equals more guns going to the airport.The numbers bear this out. The federal Transportation Security Administration has...
Published: 11/22/17
A year after impasse, Pasco school contract talks run more smoothly

A year after impasse, Pasco school contract talks run more smoothly

LAND OíLAKES ó Representatives from the Pasco County school district and the United School Employees of Pasco sat together several times in the weeks leading to Thanksgiving break, trading contract proposals amid (mostly) amicable conversation.They c...
Published: 11/22/17

Florida Supreme Court suspends two Hillsborough lawyers

Times Staff WriterTwo Hillsborough County lawyers have been suspended from practice because of professional misconduct.The Florida Supreme Court ordered a 91-day suspension for Richard Luther Bradford of Brandon after he was found in contempt for fai...
Published: 11/22/17
Get all the Black Friday sales circulars today. Hereís how

Get all the Black Friday sales circulars today. Hereís how

The Tampa Bay Times Thanksgiving Early Bird edition, with all of the Black Friday ads and sales circulars, is available today.Thatís right. You donít have to wait until Thursday to check out the savings. Weighing nearly five pounds, the Early Bird Ed...
Published: 11/22/17
U.S. business leaders say Cuba is still open, at least to them, despite Trumpís new rules

U.S. business leaders say Cuba is still open, at least to them, despite Trumpís new rules

WASHINGTON ó When the Trump administration announced new Cuba regulations, it sparked a new round of hand-wringing in Washington over a return to a posture not seen since the Cold War. But now, the American business community is quietly spreading the...
Published: 11/22/17
Hereís when stores will open on Thanksgiving and Black Friday

Hereís when stores will open on Thanksgiving and Black Friday

Although the crowds might still be unruly and the lines long, Black Friday as "The Day" is slowly waning. Steve Kirn, a University of Florida professor and executive director for the David F. Miller Center for Retailing Education & Research, said the...
Published: 11/21/17
Updated: 11/22/17