Silver Spring-based media giant Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) announced today that it will increase its current stake in Eurosport from 51 percent to 100 percent, taking full control and ownership.
The price tag for the remaining 49 percent stake in Eurosport came to €491 million Euros, the equivalent of $535.56 million at current exchange rates.
Fifteen days into September, the Small Press Expo of Bethesda, Maryland celebrated its 15th year of operation. The exposition showcases some of the nation’s most innovative and inspiring graphic novels, comics, and cartoons. In tradition, the event organizers invited only independent artists to speak and/or sell their works to fans and curious newcomers over the weekend.
This seasons sweltering heat may be keeping most indoors, but a fashionable function at the Carnegie Library this past Saturday drew in quite a crowd. Fashion du Soleil: A Fashion Wonderland manifested as collaboration between non-profit The Jarmal Harris Project, local fashion ambassadors, and high profile designers from the D.C. Metro area and beyond.
The first weekend of April brought about an important milestone for the Richmond, VA art scene. Shane Pomajambo, Executive Director and Editor in Chief of Maryland based gallery Art Whino, hosted the third annual G40 Art Summit throughout galleries along W. Broad St. and surrounding areas. The newly developed Arts District received an influx of over 2,000 visitors as the exhibit kicked off on Friday April 6th, during Richmond’s First Fridays Art Walk.
McLean-based Gannett Co., Inc. (NYSE: GCI), reported its first quarter 2012 financial results for the period ended March 25, 2012. Operating revenues totaled $1.22 billion, down from $1.25 billion in the previous quarter which ended March 27, 2011.
The parent company of USA Today and owner of local broadcast stations like WUSATV9 reported net income of $68.22 million or $0.28 cents per diluted share. That was also a decrease from $90.49 million or $0.37 cents per diluted share in same period last year.
Silver Spring-based media giant, Discovery Communications (NASDAQ:DISCA) Founder and Chairman, John S. Hendricks made the following stock transactions on March 26, 2012.
John S. Hendricks acquired 238,260 Series A Common Stock shares at an average price of $14.53 totaling $3,461,917.80 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 1,448,435 beneficially and directly owned shares remained.
Sodexo, with North American headquarters in Gaithersburg, will begin to service an estimated 2 million visitors under a food service contract from the Smithsonian National Zoological Park in Washington, D.C.
The 10-year contract makes Sodexo, the National Zoo's new partner for providing foodservice. The company will work with Friends of the National Zoo (FONZ), offering café, concessions, catering services and new dining options at 22 sites throughout the National Zoo.
Working with the company since August 2007, Radio One’s (NASDAQ:ROIAK, ROIA) Radio Division president Barry Mayo announced that he would step down to pursue other opportunities. Mayo started with Silver Spring-based Radio One in July 2006 as a consultant.
Winter tends to drive us indoors in fear of freezing temperatures. Although, halfway through the season we become antsy, yearning for more than a movie night in. This past weekend, over 700 metro-area residents and Baltimore locals confronted the cold in search of some adventure.
On the main campus of the George Washington University, top strategists in Social Media marketing, including those from Facebook, Discovery Communications and MTV gathered for the annual What’s Next D.C. conference.
Staying true to the theme of progress and prosperity, Tod Plotkin, Principal of Green Buzz Agency, hosted the annual What’s Next D.C. conference, providing business types the chance to improve their strategies.
The fifth Vida Fitness center will open its doors to customers Tuesday, January 24 at 12:30 p.m.
The high-end gym Located at 445 K Street, NW, is at the ground floor of the City Vista residential-retail project which includes apartments above and is anchored by a Safeway grocery store. The two-level space was formerly occupied by a Results Gym.
Many often wonder about the art scene here in Washington D.C. area. While the district offers its fair share of museums, studios and more, the public often neglects artists on the other side the border. Just as the Metro transports visitors and locals into the city, it also offers an escape to areas in the opposite direction that are less explored.
With the departure of Brad Singer as Discovery Communications' (Nasdaq: DISCA, DISCB, DISCK) Chief Financial Officer in March of this year, the Silver Spring-based media giant sought it fit to fulfill that all-important C-level management role from the same crop as its current Chief Executive Officer.
On the eastern end of the infamous U St. Corridor, nestled at the corner of 11th & U NW, is Solly’s Tavern. While it may not have as rich a history as countless other venues on the District’s premiere music strip, something is definitely happening there. Seemingly small upon entrance, a few steps to the left reveals an inviting wooden staircase. The second floor offers another bar, dance floor and stage, the perfect space for hosting a monthly ska & reggae night.
Maryland's state slot program revenue numbers were recently announced, here are the breakdowns.
Combined revenue reported for the states two casinos in October 2011 totaled nearly $13 million or $12,924,048.55. September revenue reported for the states two casinos totaled nearly $14 million or $13,975,401.29. In August the total was $13,110,342.46.
The first weekend of November played host to multiple events in the District of Columbia. One in particular was the launch of FotoWeekDC, a highly anticipated festival which seeks to inspire through the power of photography. Professionals and amateurs alike gathered for opening events, flocking towards five separate host venues throughout the city.
This past Friday night, crowds gathered at D.C.'s renowned 9:30 Club for the kickoff of this year's Digital Capital Week (DCWeek)—a week-long series of events focused on the creative technological community. A mix of young entrepreneurs and D.C., Maryland and Virginia locals came out to celebrate and support up-and-coming bands from the all over the region. From 10:30 p.m. until 3:00 a.m., patrons mingled with old friends and new acquaintances.
Lanham-based Radio One, Inc. (NASDAQ: ROIAK and ROIA) has executed a number of strategies in the past several months to bring it closer to continuous profitability. In the second quarter of 2011 the company booked a record $98.5 million in net income. The influx of cash reported was due to consolidation of its TV One cable network into its operations.
It's also recently altered radio station formats in cities across the country including Houston, Philadelphia and Detroit.
Silver Spring-based Discovery Communications (NASDAQ: DISCA, DISCB, DISCK), the largest media company in the D.C. area measured by market value, reported strong financial results for the third quarter ended September 30, 2011; driven by U.S. and International networks. The company also surpassed analyst financial estimates.
Beltsville-based Vocus, Inc. (NASDAQ: VOCS), said in its third quarter 2011 financial report that it reached a number of milestones including a larger subscription base.
The company's President and CEO, Rick Rudman said Vocus added the largest number of new subscribers in its history. The addition of 998 new customerss was nearly double the 579 net new subscriber base in the same period last year. That brought total subscriber count to 10,855 across several subsidiaries the company owns including PRWeb.
Six Flags Entertainment Corporation (NYSE: SIX) which holds the Six Flags America amusement park in Prince George's County, Maryland, reported third quarter financial results that surprised analysts.
The company accrued revenues of $475.6 million in the 3-months quarter ended September 30, 2011 which were below average analyst estimates of $496 million and virtually flat compared to the $475.5 million in the same period of 2010.
McLean-based Gannett Co., Inc. (NYSE: GCI) reported Craig A. Dubow, chairman and chief executive officer, will officially resign his post due to disability from a debilitating medical condition. The 30-year veteran previously announced September 15 that he would take a leave of absence.
Dubow will be replaced by Marjorie Magner and Gracia Martore who will become chairman and CEO respectively.
Despite the Rain Georgetown DC’S Fashion's Night Out 2011 was a success and the real winners of the event will be those receiving the help made possible via non-profit charities like Labels for Love. The Georgetown Business Improvement District (BID) raised money for the charity through the Shop for a Cause event, part of the Fashion's Night Out 2011.
History was made Thursday night in Silver Spring with the opening of the Fillmore Music Hall in the historic, former JC Penney department store building. Starting with yesterday's full house grand opening featuring Mary J. Blige, Washington Metro area residents can expect a music line up that will suit all tastes.
The D.C. area's largest theme park, located in Prince George's County, officially introduced its eighth roller coaster ride.
Six Flags America parent Six Flags Entertainment Corp (NYSE:SIX) rolled out its 2012 line-up of new rides and attractions across the country. The D.C. area will get the Apocalypse: The Last Stand, a 100-foot roller coaster ushering in 2012; a year that some have proclaimed will be the planet's last.
The Fillmore is official in Silver Spring. The highly debated music hall which was funded by $8 million from Montgomery County and the State of Maryland Governments is almost complete with workers putting on the finishing touches.
The exclusive Fillmore Music Hall is the only one in the D.C. area and one of the few intimate indoor venues that is specifically designed to host national and local performances. The historic J.C. Penny property at 8656 Colesville Road was donated by Lee Development group and will be operated by Live Nation.
Sodexo Inc (PINK:SDXAY), with North American headquarters in Gaithersburg has partnered with the National Aquarium to open a new dining experience at the renowned aquatic center in Baltimore.
Sodexo will operate the Harbor Market Kitchen, the result of a newly renovated space at the Aquarium's primary eating room where over 1.4 Million visitors a year have patronized the café since its opening in 2005.
Radio One, Inc (Nasdaq: ROIAK; ROIA) has announced numerous quarters of losses sprinkled with minute profits in-between but the latest quarterly report for Q2 2011 could bring Radio One hefty earnings for the year; almost as large as all of its losses for the past four quarters combined.
The Lanham-based company reported increases overall in key areas. Revenue was up 29.3% to $97.1 Million in the quarter versus $75.1 Million in the prior period of 2010.
Silver Spring-based Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK), reported stellar financial results for its second quarter ended June 30, 2011.
The number one non-fiction media company in the world surpassed analyst estimates of $0.61 cents per diluted share and revenues of $1.05 Billion, bringing in net income of $254 Million or $0.62 cents per diluted share, nearly a quarter of revenues.
Mclean based Gannett Co, Inc (NYSE:GCI) released its second quarter 2011 earnings with disappointing results.
The media company situated in the Tysons Corner office park reported overall revenues of $1.33 Billion for the second quarter of 2011, a decline of 2.2% from the second quarter of 2010 where revenues were over $1.36 Billion.
The American Film Institute calls it the most talked about documentary film festival in the United States.
Only in its ninth running, SILVERDOCS is a celebration of the art of independent film making presented by AFI and Discovery Communication's flagship network Discovery Channel. Both organizations have their headquarters in downtown Silver Spring.
The event will take place at the historic Silver Theatre and Cultural Center, the main theater of AFI.