Charlottesville Breaking News
Given the dismal state of the newspaper business, former Daily Progress owner Thomas A. Worrell Jr., who in 1995 sold the DP and 28 other publications to Media General Inc. for $230 million, appears to have been somewhat prescient. Although Worrell might have made more if he'd held on for another 10 years, if he'd held on for another 15, he might have been left with nothing to sell.
Today, Media General Inc., which owns 24 dailies, including the Tampa Tribune and Richmond Times-Dispatch, as well as 19 network-affiliated TV stations–- not to mention printing plants, real estate, and internet subsidiaries–- is now valued at just $70 million, less than a...
As reported in a recent cover story ["What a Waste: Is the trash Authority going obsolete?"], there's a waste war raging with distrust, lawsuits, and even spying.
The Rivanna Solid Waste Authority is suing Peter Van der Linde, who recently opened a major recycling facility in Zion Crossroads (right next to the RSWA-sponsored facility), to retrieve millions in fees the outspoken hauler allegedly avoided paying by lying about the origins of his trash. However, Authority documents recently obtained by the Hook show that the Authority may have been fleeced by its own partner in trash.
In 2005, seven years after the RSWA inked a...
One of the founders of the Starlight Express linking Charlottesville to New York says his popular bus service might be doomed by a planned daily Amtrak train that the governor would like to subsidize.
"If the Amtrak really gets successful, we'll almost certainly close our doors," says Oliver Kuttner. "We're marginally profitable now," Kuttner adds, "so if we lose 20 percent of our customers, it probably won't make sense to continue."
Launched in October 2004 with a single refurbished Trailways motorcoach as a weekend-only round-trip, the Starlight Express has grown to a fleet of five vehicles with a daily schedule (even showing how many seats are available) as well as additional stops in Lynchburg and Warrenton.
The Circuit City location in the Albemarle Square shopping center has closed, and, according to a witness, the giant letters were removed by crane-carried workers on Tuesday, December 30.
Part of a company-wide shedding of stores announced November 3, the closing of the Charlottesville store and 154 others didn't stop the electronics retailer from declaring bankruptcy a week later. Its stock was trading at 13 cents a share at post time.
Back in the late 1980s, when the Richmond-based company embarked on a national expansion, its branding strategy included making the store entrance look like a giant red electrical plug. However, by the ti...
Five years ago, when pleading for lenient sentencing, the lawyer for convicted Charlottesville-based ponzi schemer Terry Dowdell downplayed Dowdell's tens of millions in thefts as "small potatoes." Now, the arrest of New York financier Bernie Madoff appears to have finally taken a step toward moving that spud-based contention toward reality.