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(Gannett Separates Broadcasting-Digital and Publishing Units)
(ELTOPIA- Pursuit of marijuana market creates odd couple_0)
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Gannett plans to divide the company into <a href=http://www.buycelinebags.com/celine-doctor-frame-42>Celine Doctor Frame Bags</a> two publicly traded entities: One focused on broadcasting and digital, the other on publishing; the latter through a tax-free distribution of assets to shareholders.
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ELTOPIA Alan Schreiber s truck bounces along a rutted road past row upon row of crops.Blueberries, asparagus, apples, cantaloupe, Brussels sprouts, Concord grapes, Merlot grapes, peaches, pears, cherries, onions, pumpkins, potatoes, tomatoes, sugar beets, alfalfa. Over 300 varieties of produce, much of it part of experiments on disease, pests and growing techniques. Every row here is something different, the Franklin County farmer said. There s Fava beans, Chinese cabbage, early green cabbage, green cabbage, red cabbage, savoy cabbage, broccoli, cauliflower, kale, another kind of kale, bok choy, some Napa cabbage, peppers, melons, tomatoes, tomatillos, eggplant. It goes on and on and on. But the crop that Schreiber figures will be more lucrative than any of them was completely unfamiliar to him a foreign world. Until a grower came to him wanting to know how to control mites on marijuana plants. That s when Schreiber realized he d better learn about the cannabis plant.He turned out to have a source of knowledge on his own staff.The 52-year-old Schreiber met 25-year-old Tom Balotte about a year ago and hired him as a mechanic. Balotte had worked on a Virginia Tech research farm before moving with his girlfriend to Washington state.He put his mechanical mind to work fixing and <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Evora</a> designing equipment, like a shield he built to expand the space that could be used for research by keeping pesticide being sprayed on some plants away from others.The Romania-born, Texas-raised son of a botanist and a mechanical engineer, Balotte s tattoos tell part of his story. The design on his arm relates to shooting airsoft guns, the one on his fist to a favorite metal band, and the ink on his back and his other arm to the worlds of video games The Elder Scrolls and World of Warcraft. A three-monitor display at home immerses him in his games.Schreiber is a straitlaced Eastern Washington farmer. He grew up on a farm and earned doctoral degrees in entomology and pesticide toxicology, then worked for the Environmental Protection Agency and as a Washington State University professor before going into commercial research. He voted against Initiative 502 that legalized recreational marijuana.If they re something of an odd couple, it turned out they were well suited for collaboration on the new project Schreiber had in mind. I ve got the pest management experience, Schreiber said, and he s got the kind of applied, real-world, make-things-grow skills. The full realization came months after Balotte was hired, during a conversation over beers at a 30th-floor Portland restaurant at the end of a long day at an agricultural conference. It turned out Balotte s past tinkering included growing marijuana in a closet.They started to realize Balotte s experience could be a perfect match for Schreiber s hopes of doing cutting-edge research <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Galliera</a> and development on the plant and its pests. He was made for a project like this, Schreiber said.Balotte isn t a pot smoker, although he travels in the right circles. I wish I could, but I was just too sensitive to it, Balotte said. My friends, it looks like they re having the most fun in the world, and I m sitting there with my beer in my hand just sitting there with envy, because it looks awesome. Now Schreiber has applied for <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Lockit</a> a license. His is one of more than 2,400 applications still waiting after the state Liquor Control Board has approved fewer than 140 growers.Meantime, Balotte has designed a prototype of a hydroponic growing contraption. If you want to try some advanced growing techniques you have to involve some engineering, some design, and that s really what I like, Balotte said.The prototype involves PVC tubes dotted with holes like giant flutes, each hole a spot for a plant to stick out of while its roots are bathed in nutrients. The thing is gathering dust in a greenhouse while they wait for a license.If approved, they expect they can pioneer new ways of not only growing the plant, but keeping it from being destroyed by pests and contaminants.Schreiber expects a huge demand for information among the licensed growers. The first time that somebody has $100,000 worth of this that they lose because they get an aphid infestation, a mite infestation, powder mildew or Botrytis (a fungus), he said, ... people will want to know how to control these pests. &nbsp;
Gannett has also agreed to acquire the 73% interest in聽聽that it does not already own from Classified Ventures LLC for $1.8 billion in cash.
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  Jordan Schrader: 360-786-1826
鈥淭he bold actions we are announcing today are significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today鈥檚 increasingly digital landscape,鈥?said Gracia Martore, president and CEO. 鈥淐ars.com doubles our growing digital business, while our recent acquisitions of Belo and London Broadcasting doubled our broadcasting portfolio. These acquisitions, combined with our successful initiatives over the past 2 1/2 years to strengthen our Publishing business, make this the right time for a separation into two market-leading companies.鈥澛?
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Gannett said the split will increase opportunities 鈥渢o pursue value-enhancing acquisitions鈥?in each company, with fewer regulatory obstacles.
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鈥淕annett has made huge strides in strengthening each of its businesses over <a href=http://www.buycelinebags.com/celine-luggage-43>Celine Luggage</a> the past few years, and the Board believes that the creation of two highly focused companies with enhanced financial and regulatory flexibility will accelerate growth and create additional value for our shareholders,鈥?said Marge Magner, chairman of the board.
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In recent days, a merger, and a combining of broadcast and print assets into separate companies, and Tribune  of its newspaper division.
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Gannett expects the publishing business will be virtually debt-free after the separation, with existing debt retained by the broadcasting and digital company.
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Following the separation聽the broadcasting and digital company, as yet unnamed, will remain headquartered in McLean, Virginia, and will trade on the NYSE. Gracia Martore will be CEO.<br>
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聽<br>
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The publishing company will retain the Gannett name and will remain headquartered in McLean. Robert J. Dickey, president of Gannett鈥檚 U.S. Community Publishing division, will become CEO.
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Revision as of 05:53, 9 August 2014

@@@ ELTOPIA Alan Schreiber s truck bounces along a rutted road past row upon row of crops.Blueberries, asparagus, apples, cantaloupe, Brussels sprouts, Concord grapes, Merlot grapes, peaches, pears, cherries, onions, pumpkins, potatoes, tomatoes, sugar beets, alfalfa. Over 300 varieties of produce, much of it part of experiments on disease, pests and growing techniques. Every row here is something different, the Franklin County farmer said. There s Fava beans, Chinese cabbage, early green cabbage, green cabbage, red cabbage, savoy cabbage, broccoli, cauliflower, kale, another kind of kale, bok choy, some Napa cabbage, peppers, melons, tomatoes, tomatillos, eggplant. It goes on and on and on. But the crop that Schreiber figures will be more lucrative than any of them was completely unfamiliar to him a foreign world. Until a grower came to him wanting to know how to control mites on marijuana plants. That s when Schreiber realized he d better learn about the cannabis plant.He turned out to have a source of knowledge on his own staff.The 52-year-old Schreiber met 25-year-old Tom Balotte about a year ago and hired him as a mechanic. Balotte had worked on a Virginia Tech research farm before moving with his girlfriend to Washington state.He put his mechanical mind to work fixing and <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Evora</a> designing equipment, like a shield he built to expand the space that could be used for research by keeping pesticide being sprayed on some plants away from others.The Romania-born, Texas-raised son of a botanist and a mechanical engineer, Balotte s tattoos tell part of his story. The design on his arm relates to shooting airsoft guns, the one on his fist to a favorite metal band, and the ink on his back and his other arm to the worlds of video games The Elder Scrolls and World of Warcraft. A three-monitor display at home immerses him in his games.Schreiber is a straitlaced Eastern Washington farmer. He grew up on a farm and earned doctoral degrees in entomology and pesticide toxicology, then worked for the Environmental Protection Agency and as a Washington State University professor before going into commercial research. He voted against Initiative 502 that legalized recreational marijuana.If they re something of an odd couple, it turned out they were well suited for collaboration on the new project Schreiber had in mind. I ve got the pest management experience, Schreiber said, and he s got the kind of applied, real-world, make-things-grow skills. The full realization came months after Balotte was hired, during a conversation over beers at a 30th-floor Portland restaurant at the end of a long day at an agricultural conference. It turned out Balotte s past tinkering included growing marijuana in a closet.They started to realize Balotte s experience could be a perfect match for Schreiber s hopes of doing cutting-edge research <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Galliera</a> and development on the plant and its pests. He was made for a project like this, Schreiber said.Balotte isn t a pot smoker, although he travels in the right circles. I wish I could, but I was just too sensitive to it, Balotte said. My friends, it looks like they re having the most fun in the world, and I m sitting there with my beer in my hand just sitting there with envy, because it looks awesome. Now Schreiber has applied for <a href=http://www.louisvuitton-pascher.com>Louis Vuitton Lockit</a> a license. His is one of more than 2,400 applications still waiting after the state Liquor Control Board has approved fewer than 140 growers.Meantime, Balotte has designed a prototype of a hydroponic growing contraption. If you want to try some advanced growing techniques you have to involve some engineering, some design, and that s really what I like, Balotte said.The prototype involves PVC tubes dotted with holes like giant flutes, each hole a spot for a plant to stick out of while its roots are bathed in nutrients. The thing is gathering dust in a greenhouse while they wait for a license.If approved, they expect they can pioneer new ways of not only growing the plant, but keeping it from being destroyed by pests and contaminants.Schreiber expects a huge demand for information among the licensed growers. The first time that somebody has $100,000 worth of this that they lose because they get an aphid infestation, a mite infestation, powder mildew or Botrytis (a fungus), he said, ... people will want to know how to control these pests.  

Jordan Schrader: 360-786-1826
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