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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 26, 2009
Page
13
Dispute centers on Sinclair seeking higher payments for retransmission of 22 stations across 12 states. Mediacom official says Sinclair leverages duopolies to pressure carriers and could disrupt Hawkeyes game access for subscribers. Neither side discloses exact demands.
Sinclair has taken over management of KFXA FOX28 and is negotiating for both that station and KGAN CBS2 in Cedar Rapids. Off air digital broadcasting shifts affect viewers and costs, with cable-only stations earning less per subscriber. Mediacom and allies urge FCC intervention, arguing Sinclair uses market power to push up prices and push a la carte pricing.
The 1 cent per gallon gas tax funding underground storage tank cleanup expires in June 2016. Iowa, with DNR and the Underground Storage Tank Board, plans to reduce remaining contaminated sites as funds allow, having spent nearly 250 million on testing and remediation since 1990.
Iowa's underground storage tank program shows 2700 operating facilities and 7600 registered tanks with 6000 sites identified. Of these, 4500 have been assessed and closed while 1400 remain under assessment or cleanup and 750 are high risk. The 125 licensed installers and 20 inspectors bolster compliance, as 170 certified groundwater professionals support remediation.
Bauer Financial notes unrealized losses tied to mark to market and says most Eastern Iowa banks rate three stars or higher. Guaranty Bank posts $433000 third quarter profit, nine month profit $1.08 million, non performing assets 2.0 percent. Patriot Bank of Brooklyn moves to sell three branches to boost capital. Tier 1 down to $4.76 million. assets fall to $91.5 million. non performing assets 6.9 percent.
Overland Missouri based Build-A-Bear Workshop drew criticism from bloggers and parents for a polar bear themed online series warning that the North Pole could disappear due to global warming. The company removed the videos after protests and issued a letter saying the intent was to inspire kids, not politicize climate change.
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