Thursday, December 14, 2017
Business

Poynter Institute, owner of Tampa Bay Times, lost $2.26 million in 2014

ST. PETERSBURG — The Poynter Institute, owner of the Tampa Bay Times, continued to lose money in 2014 but began to stanch the flow through cost reductions and new revenue-producing programs and partnerships.

For the year ended in December, the nonprofit journalism institute reported losses of $2.26 million compared with nearly $3.5 million in the previous year.

"We still have much work to do, but we've built a lot of momentum in recent months that puts us on course to long-term sustainability,'' Poynter president Tim Franklin said Friday.

Details of the 2014 results were included in Poynter's annual tax filing to the IRS.

In a news release, the institute said it expects to report a surplus on its 2015 tax filing, due next fall, because of income from the sale of an office building in Seminole and some unused property adjacent to its St. Petersburg campus.

Poynter officials said revenues rose "significantly" last year in all categories, including foundation grants, advertising, individual contributions and training of journalists at major media and technology companies including Google, Gannett and the Associated Press.

The institute, which is increasing its international teaching work, also was selected to conduct training for Fulbright Scholars and participants in the Edward R. Murrow Program for journalists. Recently, Poynter became the home of the International Fact-Checking Network, a group of 75 organizations that fact-check statements of public officials.

(The Times, a for-profit company whose tax returns are not public, created the Pulitzer-Prize winning fact-checking project PolitiFact.)

Among the Poynter Institute's other new revenue-generating ventures are a speaker series with nationally known media figures, and Innovation Lab @Poynter, a suite of offices for digital startup firms. Early next year Poynter expects to unveil a redesign of its website, poynter.org, and a remake of its e-learning platform, News University.

"Poynter is transforming itself for the digital age,'' said Franklin, who received a total of $221,173 in compensation last year. The institute's tax filing shows that Poynter's chairman, Paul Tash, received $503,900 last year from the Times, where he is chairman and CEO. In 2013, Tash received a total of $516,040 in compensation.

Comments
Tampa chamber names first companies for minority business accelerator

Tampa chamber names first companies for minority business accelerator

TAMPA — Four firms in marketing, construction and secure cash logistics will be the first to go to through a new Greater Tampa Chamber of Commerce program designed to help black- and Hispanic-owned companies grow their businesses through two years of...
Updated: 1 hour ago
FCC votes down Obama-era ‘net neutrality’ rules

FCC votes down Obama-era ‘net neutrality’ rules

NEW YORK — The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules that guaranteed equal access to internet.The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.The FCC’s ne...
Updated: 1 hour ago
From Crystal River to Brooksville, branch out to shop on these unexpected main streets

From Crystal River to Brooksville, branch out to shop on these unexpected main streets

You don’t have to stare at a greeting card to picture a bustling old main street lined with decorated shops and lampposts. Historic small-town shopping districts are easy to find, and more charming than Walmart. Beyond the downtowns of St. Pet...
Updated: 1 hour ago
American Social booming on Harbour Island

American Social booming on Harbour Island

HARBOUR ISLAND — Downtowners, conventioneers, hockey fans, concert-goers and anyone hungry for waterfront dining are discovering American Social Bar & Kitchen on Harbour Island. Panoramic views, accessible boat slips and walkability to Amalie Arena a...
Updated: 2 hours ago
A healthy dining option opens in Downtown Tampa

A healthy dining option opens in Downtown Tampa

SOUTH TAMPA— Vale Food Co., a health food restaurant, hopes to make its mark on the bay area foodie scene with the opening of its first location in Tampa.In 2014, Sunny Ilyas was a Florida State student trying to find an affordable, healthy meal for ...
Updated: 2 hours ago
Soccer store opens in Westchase on the brink of World Cup

Soccer store opens in Westchase on the brink of World Cup

Even though the United States Men’s soccer team didn’t qualify for the 2018 FIFA World Cup, that hasn’t diminished local fans’ excitement about the upcoming international event.Ariel Martinez, owner of Best Buy Soccer and Lacrosse, has already receiv...
Updated: 2 hours ago

Tampa Bay is above average in minority homeownership

Tampa Bay ranks 22nd among the nation’s 45 largest metro areas in the percentage of minority homeowners. According to Abodo, an online apartment marketplace, 46.2 percent of minorities in the bay area own their homes, which have an average value of $...
Updated: 2 hours ago
Seafood variety comes to Westchase

Seafood variety comes to Westchase

WESTCHASE — Tony Bartolo is well aware of what Westchase locals say about the location of his new restaurant, The Seafood Exchange. The spot in Westchase Town Center is notorious for a continual string of unsuccessful restaurants that have opened and...
Updated: 3 hours ago
Boom in Tampa Bay single-family home rentals means fewer houses for sale

Boom in Tampa Bay single-family home rentals means fewer houses for sale

imes Staff WriterA boom in rentals of single- family homes is contributing to the severe shortage of houses for sale nationwide. In the Tampa Bay area, 18.2 percent of all houses are being rented out instead of being put on the market, Zillow found. ...
Updated: 3 hours ago
Be ready for busy roads and airports: 5.6 million Floridians to travel for the holidays

Be ready for busy roads and airports: 5.6 million Floridians to travel for the holidays

A record-breaking number of Americans are expected to travel during the holiday season next week, according to a AAA report released Thursday.The travel company projects 107.3 million Americans will pack their bags and leave their homes between Dec. ...
Updated: 5 hours ago