Terms of the deal, announced this afternoon, weren’t disclosed by seller Blue Equity Publishing or the buyer, Lifestyle Media, which publishes LEO Weekly, according to The Courier-Journal.
The sale includes The Voice-Tribune, a weekly dating to 1949 that focuses on society and party news; The Voice of Louisville magazine, and Modern Louisville, a newer title that targets the LGBT market.
Blue Equity Publishing has been a subsidiary of private-equity firm Blue Equity LLC since 2007.
It’s summertime at the height of the presidential nominating contest, and the nation is transfixed by civil unrest: Protestors are attacking police amid dark warnings about terrorism on the streets and claims the powerful news media is spreading liberal propaganda.
Sound familiar? It should, because that was the scene 48 years ago this summer, when Democrats gathered in Chicago for a convention to pick Vice President Hubert Humphrey of Minnesota and Sen. Edmund Muskie of Maine as their nominees for the 1968 presidential elections.
On The Courier-Journal’s front page that Friday morning, Aug. 30, 1968, a headline told the story: “Angry Daley Defends Police; Assails Press.” From Chicago, New York Times correspondent R. W. Apple Jr. wrote:
Infuriated by attacks upon himself, his city and his police force, Mayor Richard J. Daley yesterday defended the manner in which anti-war, anti-Humphrey demonstrations were suppressed in downtown Chicago Wednesday night.
Daley described the demonstrators as “terrorists” and said they had come here determined to “assault, harass and taunt the police into reacting before television cameras.”
“In the heat of emotion and riot,” Daley said, “some policemen may have over-reacted, but to judge the entire police force by the alleged action of a few would be just as unfair as to judge our entire younger generation by the actions of the mob.”
A defiant Mayor Richard Daley on the convention floor reacts to criticism Chicago police were overacting to protests outside.
In fact, an independent study found four months later, the clash between 10,000 protestors and police devolved into a police riot when officers broke through and began beating one man as the crowd pelted cops with rocks and chunks of concrete. Protestors’ chants shifted from “hell no, we won’t go” to “pigs are whores.”
By then, civil unrest had come to Louisville in a different form: A popular amusement park reserved for whites for six decades had been integrated four years before. Fontaine Ferry Park would be heavily vandalized during racial turmoil less than a year after the Chicago convention.
“I think George Hamilton, as the new Colonel behind Extra Crispy is brilliant and that is having a positive impact on our sales momentum at KFC in the U.S.”
— Yum CEO Greg Creed, in a second-quarter earnings teleconference with Wall Street analysts last week. The perpetually tanned Hamilton debuted a month ago as the latest in a series of KFC Founder Harland Sanders impersonators. Here’s one of the spots:
KINDRED: The Johnson County Sheriff’s Office says Kindred Greenwood hospital CFO William Brenner was found dead inside his home near Indianapolis yesterday, 10 days after authorities accused him of molesting a 6-year-old boy he was fostering in 2014 and 2015.
Brenner
Police say there was no evidence of a struggle and no weapons were found near the body. Investigators believe he may have had a medical episode and had died several days earlier. His body was found in a hallway and was badly decomposed (WIBC).
Also today, Kindred said it would release its second-quarter financial results on Aug. 4 after stock markets close. The following day, it will host a teleconference with Wall Street analysts to discuss the report (press release).
In downtown Louisville, construction is picking up at Kindred’s new headquarters expansion at Broadway and Fourth streets after a relatively slow start. The $36 million project financed with substantial public incentives will add 142,000 square feet and around 500 new jobs. Plans also include around 7,000 square feet of restaurant space (Broken Sidewalk).
PIZZA HUT: Advertising agency Deutsch went through a round of layoffs at its Los Angeles office last week directly related to the loss of the Pizza Hut account last spring. A Deutsch spokesperson would say only that less than 2% of the L.A.-based team had been affected. Deutsch won the struggling Yum unit’s account two years ago and went on to create the agency’s debut campaign (which essentially said, “We’re Italian”); video, top. Last December, the pizza chain started shopping the account, eventually choosing the independent Droga5 agency in May — its fifth agency of record in six years. Multiple sources have told Adweek that Pizza Hut is not the world’s most agreeable client. It’s not yet clear when Droga5’s first work for the chain will appear (Adweek).
Prisma.
GE: A cold-brew coffeemaker developed by GE Appliances’ Firstbuild laboratory in Louisville is scheduled to reach the market next summer, after first passing through a crowdfunding round on IndieGoGo. The lab is using unconventional funding for the coffee maker, called Prisma, not so much as a financial requirement as it is an awareness-raising launchpad. “We believe crowdfunding is a great way to validate products with the early adopter community,” Firstbuild Senior Design Engineer Justin Brown told Daily Coffee News. The Prisma can make anywhere from five to 25 ounces of ready-to-drink cold coffee (Daily Coffee News).
“As many as 23 of the 24 voting delegates may line up behind the Arizona senator on the first ballot Wednesday night,” The Courier-Journal’s Richard Harwood reported on the front page from the convention city of San Francisco.
Inside the paper, newly-named food consultant Loyta Higgins suggested readers bake “peachy ham balls” from leftover ham and canned cling peaches in heavy syrup. (Remember, it was the ’60s!)
And on page 10, GE Appliances competitor Kelvinator was advertising washers for $179.95 with a trade-in — or $299.95 with a matching dryer. You could buy them at 13 Louisville retailers, including Bill’s Auto Stores at Broadway and Shelby Street.
Fast-forward 52 years, and you can appreciate how incredibly expensive those appliances were. In inflation-adjusted 2016 dollars, the washer would cost $1,395, and the combo would be $2,395, according to the Bureau of Labor Statistics inflation calculator.
Since the 1980s, the Kelvinator brand has been owned by Sweden’s Electrolux, which nearly bought GE Appliances before the Department of Justice blocked the deal on antitrust grounds. Last month, China-based Haier bought it for $5.6 billion, including 6,000-employee Appliance Park in the city’s south end.
Goldwater’s landslide loss to Johnson — 61% to 39% (he lost Kentucky, too) — brought down many conservative Republican office-holders as well, a pattern some GOP leaders fear will happen this November if Donald Trump gets the nomination.
Goldwater died May 29, 1998, at the age of 89 of complications from a 1996 stroke.
News about business and culture in Louisville, Ky.
Sound familiar? It should, because that was the scene 48 years ago this summer, when Democrats gathered in Chicago for a convention to pick Vice President Hubert Humphrey of Minnesota and Sen. Edmund Muskie of Maine as their nominees for the 1968 presidential elections.
“As many as 23 of the 24 voting delegates may line up behind the Arizona senator on the first ballot Wednesday night,” The Courier-Journal’s Richard Harwood reported on the front page from the convention city of San Francisco.
Boulevard 