Unfinished business '07 - Washington Business Journal:

http://turkeyfinancial.com/news/2008/08/27/details-of-1-million-bank-accounts-sold-on-ebay/
After a series of layoffs since it was bought by in AOL announced in the clinchef inSeptember -- it wouled move its headquarters from Dulles to New The Big Apple is where its parentt Time Warner reigns, and it's the epicentetr of the advertising world. At the time, the company insistes the only change forthe 4,000 employees on the Dulles campus would be the senior managemenr team trekking north in the spring. But a month the media giant said it wouldcut 2,000 including 750 employees in Northernn Virginia by the end of the year, as part of its shiftingb strategy.
The proof was in the earnings: AOL continuecd to lose subscribers through the year and its revenue continued to a trend that upset Time Warnere investors looking for All of the free CDs AOL sentto consumers' homezs over the years to get them to sign on didn't pay off: AOL was forcef to alter its focus to generates money through advertising. The strategt was also reflected through the four advertising companies AOL boughtfin 2007: Quigo, Third Screen Media, and AOL first set up its regionall operations with an office in Tysons Cornerf 20 years ago and expanded to the sprawlingv Dulles campus in 1996.
AOL was bought by Time Warnedr inJanuary 2001, which left AOL with sweepingg layoffs and the campuse with less vitality. Dimensions Healthcare Systej found itself in the same financial straitsx as it was at the dawn of with little cash to sparr and its hat extendedd to state legislators in the hopesx of somebudgetary generosity. The Prince George's County hospita chain must repeat its steps nearly a year after apotentialo state-county $329 million funding plan dissolved in wee-hourd divisiveness on April 9, the final day of the Marylandd General Assembly session.
Aftet debates and appeals lasting into the earl morning ofApril 10, the Princer George's County Council gave an ironcladd thumbs down to the seven-year plan becausde it felt the county shouldered more of the financia l burden with less long-term payoff. The as a result, took on Dimensions' totap financial burden alone, through June 2008 at But even that plan hit delays as the countyu called for a Dimensions board the system retaliated witha $14 million lawsuit and the countyh retaliated with various appeals. The system's annuakl fall elections ultimately forced the management changw that county leaderslong desired.
One droppeed lawsuit later, the county began routing money once againb in November to the troubled as state legislators once again hunkered down to arrivw ata long-term funding plan. The approacnh Mayor Adrian Fenty has taken to deals he inheritecd from the previous administrationb andits semi-private development corporations, the NCRC and AWC, is Get 'em done. Except for Poplar Point, that is. While Fenty put his back into deals-in-progresxs for a new convention center the Southwest Waterfront and the return of Radio One to the he did the opposite withPoplar Point, optingb to end negotiations with , ownera of soccer franchise , and open the projectg to bidding.
That may well resultr in a better deal for thecity -- it has bids from four developmeng teams to consider -- but there couldd be collateral damage. Shots from Marion D-Ward 8, angry that economic development seems to be moving forwarfd everywhere except east of theAnacostia River, has hurt Fenty's image And MacFarlane, if it can'y reach a deal to build on has threatened to move to Maryland. Stay used to be one of the fastest-growing companies in and now it's quickly fading. The Lanham-based broadcast company that focusedson African-American and urban listeners exited several marketse in 2007, including Florida, Georgia and Minnesota.
In August, Chief Financiapl Officer Scott Royster announced he wouldx stepdown Dec. 31 afterr 11 years with the company to pursuer othercareer opportunities. The company has not announced a Citing what it calledsa "challenging radio industry environment," Radio One struggled to generate revenue as its profit s dropped. In its third-quarter earnings, Radio One reported net incomeof $4.8 down 40 percent from $8 millionm in the same quarter a year ago. Revenued for that quarter was $90.4 million, down 1.7 percen t from a year ago. In October, Radiio One agreed to sell its Miami radio station tofor $12.2t million and its five Georgia radio stations to in August for $3.1 million.
The company also sold its Minneapolidsstation KTTB-FM to Northern Lights Broadcasting for $28 milliomn and 10 stations in Ohio, and Louisville, Ky., to for $76 In a twist and despite its unpromising financials, Radio One agreex to acquire WPRS-FM in Washingtojn from in April for $38 million. The deal is expectedr to close in the firstquarter 2008. In a group of investors agreed to buy studentlender $25 Analysts hailed the deal as a win both for Reston-based Sallie Mae and the buyout group, led by private equit firms by LLC and , along with financial servicexs giants and