SACRAMENTO, Calif., July 25, 2013 /PRNewswire/ --?The McClatchy Company (MNI) today reported second quarter 2013 earnings, excluding the net impact of certain items discussed below, of $11.1 million. Earnings in the second quarter of 2012, adjusted for similar items, were $16.1 million and included a favorable tax item of $7.9 million as noted below.
On a GAAP basis, net income in the second quarter of 2013 was $11.8 million or 14 cents per share. In the second quarter of 2012 the company reported net income of $26.9 million or 31 cents per share.
Total revenues in the second quarter of 2013 were $308.8 million, down 3.5% from the second quarter of 2012. Circulation revenues were $88.5 million, up 4.8% and advertising revenues were $207.7 million, down 6.7% from the same quarter in 2012. Total digital-only revenues, which include digital-only revenues from advertising and circulation, were up 10.6% compared to the same quarter last year. ??
Results in the second quarter of 2013 included the following items:
- accelerated depreciation totaling $1.8 million ($1.0 million after-tax) related to relocating Miami newspaper operations;
- severance and other charges totaling $4.3 million ($2.7 million after-tax);
- a write-off of production equipment at one newspaper totaling $3.2 million ($2.0 million after-tax); and
- a gain related to the sale of the Miami property of $10.0 million ($6.4 million after-tax).
The company also noted that adjusted earnings in the second quarter of 2012 included a favorable tax item of $7.9 million for the release of tax reserves and related interest resulting from the expiration of statutes for certain state tax years.
Operating cash expenses, excluding severance and other charges discussed above, declined approximately $5.2 million, or 2.1%, from the 2012 quarter. Operating cash flow was $68.9 million in the second quarter of 2013, down 8.2%. (Non-GAAP measurements are discussed below.)
First Six Months Results:
Earnings in the first six months of 2013, excluding the net impact of certain items, were $10.4 million.? Earnings in the first six months of 2012 adjusted for similar items were $13.6 million and included a favorable tax item of $7.9 million for the release of tax reserves and related interest resulting from the expiration of statutes for certain state tax years. (Non-GAAP measurements are discussed below.)
On a GAAP basis, the net loss in the first half of 2013 was $1.0 million, or one cent per share. ?Net income in the first half of 2012 was $24.8 million, or 29 cents per share.?
Total revenues in the first six months of 2013 were down 3.7% to $603.9 million compared to $626.8 million in 2012.? Advertising revenues in the 2012 period totaled $404.8 million, down 6.4%, and circulation revenues were $174.3 million, up 3.0%.
Results in the first half of 2013 included the following items:
- a loss from the extinguishment of debt totaling $12.8 million ($8.1 million after-tax) related to the completion in early 2013 of both the refinancing of the company's 11.5% secured bonds due in 2017 and open-market repurchases;
- accelerated depreciation totaling $3.9 million ($2.4 million after-tax) related to relocating Miami newspaper operations;
- severance and other charges totaling $6.6 million ($4.2 million after-tax);
- a write-off of production equipment at one newspaper totaling $3.2 million ($2.0 million after-tax);
- a gain related to the sale of the Miami property of $10.0 million ($6.4 million after-tax); and
- additional tax expense totaling $1.1 million for an increase in liabilities related to tax positions taken in prior years.
Management's Comments:
Commenting on McClatchy's second quarter results, Pat Talamantes, McClatchy's president and CEO, said, "Total revenue trends this quarter improved compared to the same quarter last year and to the first quarter of this year. Total company revenues were down 3.5% this quarter compared to down 3.8% in the first quarter of 2013 and down 4.9% in the second quarter of 2012. Growth in circulation revenues stemming from our new digital subscription packages helped to offset a portion of the decline in advertising revenues.? ?????
"For the quarter, total advertising revenues were down 6.7% compared to the second quarter of 2012 reflecting slower Mother's Day and Memorial Day advertising. Digital-only advertising revenues were up 7.8% compared to the same quarter last year, although print advertising declines were a drag on bundled print and digital advertising. Still, total digital advertising at $50.1 million represented 24.1% of McClatchy's total advertising revenues in the second quarter compared to 22.5% in the second quarter of 2012. Our digital-only revenues inclusive of both advertising and circulation grew 10.6% in the second quarter compared to the second quarter of 2012.
"We believe that we will continue to benefit in the future as our efforts to build our circulation revenues gain even more traction.? The subscriber response to our new digital subscription packages, known as our Plus Program, exceeded our initial expectations and we are on target to meet our guidance of generating approximately $25 million in new revenues in 2013. In total, the Plus Program provided more than $8 million in incremental revenues contributing to the 4.8% growth in total circulation revenues for the quarter.? Our digital audiences grew during the quarter, with new digital-only subscriptions from the Plus Program now totaling more than 25,000.
"Direct marketing advertising revenues were down 0.9% in the second quarter, a modest decline reflecting in part our continued culling of less successful products and the weaker Spring holiday spending.? Nevertheless, year to date, direct marketing revenues continue to show growth, helping us to diversify our revenue sources, and accounting for 15.0% of total advertising revenues in the quarter. When combined with digital advertising, the two categories contributed more than 39% of our advertising revenues during the quarter.?
"Cash expenses, excluding severance and certain other charges, were down 2.1% in the quarter compared to the second quarter of 2012. We were able to reduce cash expenses even as we continue to invest in new revenue initiatives and enterprise-wide operating systems and despite an increase in pension expense of $2.4 million.
"Our equity income was $12.0 million this quarter, up 28.2% compared to the same quarter last year. ?Importantly, Classified Ventures and CareerBuilder continue to show strong financial results.
"It was a busy quarter on the digital front. Building on the success we have enjoyed in Fort Worth and Kansas City, we launched impressLOCALTM in eight additional markets in the second quarter of this year and an additional market in July.?impressLOCALTM provides a suite of online products designed to offer local businesses a comprehensive digital marketing solution. Cars.com continues to perform well as we roll out new products and display revenue is also showing momentum as we expand our sales reach through our audience extension partners, including Yahoo!, Centro and others.
"Our digital audience continues to grow.? For the second quarter of 2013, daily average local unique visitors finished up 3.8% and our mobile daily unique visitor count was up 54% in the quarter compared to the second quarter of 2012.? Mobile users represented 37% of total?daily unique visitors in the second quarter of 2013. ?We launched iPad apps at a dozen newspapers in the first quarter of this year, and will follow with a second version of tablet apps on iOS and Android, and revamped smartphone apps for both platforms, in the second half of 2013.
"As we look to the third quarter, we again expect trend improvement in total company revenues compared to the third quarter of last year and to the second quarter of this year. We expect to see continued momentum from the roll-out of the Plus Program and double-digit growth in total digital-only revenues in the third quarter. On the expense side, we will continue to focus on controlling costs and we expect cash expenses to be down in the low-single digits in the third quarter from the same quarter in 2012."
Elaine Lintecum, McClatchy's CFO said, "Total debt at the end of the second quarter was unchanged from the $1.566 billion reported at the end of the first quarter of this year. A good portion of our excess cash flow from operations was focused on making seasonally large bond interest payments during the quarter. While debt did not decrease, interest expense related to debt declined by $6.4 million compared to the same quarter last year and we finished the quarter with $21.8 million in cash.? Our leverage ratio at the end of the second quarter as defined in our credit agreement was 4.48 times cash flow and our interest coverage was 2.54 times, both well within the required limits of our credit agreement.
"We completed the relocation of the Miami Herald headquarters from downtown Miami to Doral, Fla., at the end of May. Since we completed the move this quarter we also recognized a $10.0 million gain that had been deferred on the sale of the Miami property in 2011. We look forward to continuing to serve the residents of South Florida from our new, state-of-the art facilities and providing the high-quality news and information that they have come to expect."
The company's statistical report, which summarizes revenue performance for the second fiscal quarter and first half of 2013, follows.?
Non-GAAP Financial Measures:
In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP") included in this press release, the company has presented non-GAAP financial measures such as adjusted net income (also called adjusted earnings), operating cash flows and operating cash flow margins. Adjusted net income is defined as net income excluding amounts (net of tax) for loss (gain) on extinguishment of debt, severance charges, accelerated depreciation on equipment, certain other charges, gain on sale of Miami property, reversal of interest on tax items and certain discrete tax items.? Operating cash flow is defined as operating income plus depreciation and amortization, severance charges and certain other charges. ?Operating cash flow margin is defined as operating cash flow divided by net revenues.? These non-GAAP financial measures are reconciled to GAAP measures in the attached schedule. Management believes these non-GAAP measures, when read in conjunction with the company's GAAP financials, provide useful information to investors by offering:
- the ability to make more meaningful period-to-period comparisons of the company's ongoing operating results;
- the ability to better identify trends in the company's underlying business;
- a better understanding of how management plans and measures the company's underlying business; and
- an easier way to compare the company's most recent operating results against investor and analyst financial models.
These non-GAAP financial measures should not be considered a substitute or an alternative to these computations calculated in accordance with and required by GAAP.? McClatchy's non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.
Conference Call Information:
At noon Eastern time today, McClatchy will review its results in a conference call (877-278-1205, pass code 16743557) and webcast (www.mcclatchy.com).? The webcast will be archived at McClatchy's website.
About McClatchy:
The McClatchy Company is a leading news and information provider, offering a wide array of print and digital products in each of the markets it serves.? As the third largest newspaper company in the country, McClatchy's operations include 30 daily newspapers, community newspapers, websites, mobile news and advertising, niche publications, direct marketing and direct mail services.? The company's largest newspapers include?the (Fort Worth) Star-Telegram, The Sacramento Bee, The Kansas City Star, the Miami Herald, The Charlotte Observer and The (Raleigh) News & Observer.? McClatchy is listed on the New York Stock Exchange under the symbol MNI.
Additional Information: ?
Statements in this press release regarding future financial and operating results, including revenues, anticipated savings from cost reduction efforts, cash flows, debt levels, as well as future opportunities for the company and any other statements about management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.?Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements.?There are a number of important risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including:? McClatchy may not generate cash from operations, or otherwise, necessary to reduce debt or meet debt covenants as expected; McClatchy may not successfully implement circulation strategies designed to increase circulation revenue, including the Plus Program, ?and may experience decreased circulation volumes or subscriptions through the Plus Program; McClatchy may experience diminished revenues from retail, classified, national and direct marketing advertising; McClatchy may not achieve its expense reduction targets or may do harm to its operations in attempting to achieve such targets; McClatchy's operations have been, and will likely continue to be, adversely affected by competition, including competition from internet publishing and advertising platforms; increases in the cost of newsprint; bankruptcies or financial strain of its major advertising customers; litigation or any potential litigation; geo-political uncertainties including the risk of war; changes in printing and distribution costs from anticipated levels, including changes in postal rates or agreements; changes in interest rates; changes in pension assets and liabilities; changes in factors that impact pension contribution requirements, including, without limitation, the value of the company-owned real property that McClatchy has contributed to its pension plan; increased consolidation among major retailers in our markets or other events depressing the level of advertising; our inability to negotiate and obtain favorable terms under collective bargaining agreements with unions; competitive action by other companies; and other factors, many of which are beyond our control; as well as the other risks detailed from time to time in the company's publicly filed documents, including the company's Annual Report on Form 10-K for the year ended Dec. 30, 2012, as amended by the Form 10-K/A, filed with the U.S. Securities and Exchange Commission. McClatchy disclaims any intention and assumes no obligation to update the forward-looking information contained in this release.?
| THE McCLATCHY COMPANY | |||||||||
| CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) | |||||||||
| (In thousands, except per share amounts) | |||||||||
| Three Months Ended | Six Months Ended | ||||||||
| June 30, | June 24, | June 30, | June 24, | ||||||
| 2013 | 2012 | 2013 | 2012 | ||||||
| REVENUES - NET: | |||||||||
| ?? Advertising | $ 207,652 | $ 222,565 | $ 404,774 | $ 432,329 | |||||
| ?? Circulation | 88,465 | 84,400 | 174,293 | 169,191 | |||||
| ?? Other | 12,672 | 13,161 | 24,831 | 25,295 | |||||
| 308,789 | 320,126 | 603,898 | 626,815 | ||||||
| OPERATING EXPENSES: | |||||||||
| ?? Compensation | 108,157 | 108,086 | 220,733 | 220,735 | |||||
| ?? Newsprint, supplements and printing expense | 30,839 | 34,968 | 61,554 | 69,307 | |||||
| ?? Depreciation and amortization | 29,919 | 30,822 | 60,365 | 61,563 | |||||
| ?? Other operating expenses | 108,413 | 103,315 | 209,187 | 204,300 | |||||
| 277,328 | 277,191 | 551,839 | 555,905 | ||||||
| OPERATING INCOME | 31,461 | 42,935 | 52,059 | 70,910 | |||||
| NON-OPERATING (EXPENSES) INCOME: | |||||||||
| ?? Interest expense | (33,873) | (30,630) | (69,389) | (73,107) | |||||
| ?? Interest income | 22 | 36 | 31 | 50 | |||||
| ?? Equity income in unconsolidated companies, net | 11,968 | 9,334 | 21,129 | 15,352 | |||||
| ?? Gain (loss) on extinguishment of debt | - | 1,653 | (12,770) | 6,086 | |||||
| ?? Gain on sale of Miami property | 10,013 | - | 10,013 | - | |||||
| ?? Other - net | 41 | 5 | 93 | 43 | |||||
| (11,829) | (19,602) | (50,893) | (51,576) | ||||||
| INCOME BEFORE INCOME TAX PROVISION? | 19,632 | 23,333 | 1,166 | 19,334 | |||||
| INCOME TAX PROVISION (BENEFIT) | 7,880 | (3,532) | 2,155 | (5,444) | |||||
| NET INCOME (LOSS) | $ ? 11,752 | $ ? 26,865 | $ ? ? ?(989) | $ ? 24,778 | |||||
| NET INCOME (LOSS) PER COMMON SHARE: | |||||||||
| ?? Basic | 0.14 | 0.31 | (0.01) | 0.29 | |||||
| ?? Diluted | 0.14 | 0.31 | (0.01) | 0.29 | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES: | |||||||||
| ?? Basic | 86,149 | 85,739 | 86,086 | 85,617 | |||||
| ?? Diluted | 86,797 | 86,323 | 86,086 | 86,441 | |||||
?
| The McClatchy Company | ||||||||||||||||||
| Consolidated Statistical Report | ||||||||||||||||||
| (In thousands, except for preprints) | ||||||||||||||||||
| Quarter? 2 | ||||||||||||||||||
| Combined | Print Only | Digital | ||||||||||||||||
| Revenues - Net: | 2013 | 2012 | % Change | 2013 | 2012 | % Change | 2013 | 2012 | % Change | |||||||||
| Advertising? | ||||||||||||||||||
| Retail | $103,317 | $114,919 | -10.1% | $83,523 | $94,456 | -11.6% | $19,794 | $20,463 | -3.3% | |||||||||
| National | 16,517 | 15,190 | 8.7% | 11,386 | 10,757 | 5.8% | 5,131 | 4,433 | 15.7% | |||||||||
| Classified Total | 56,639 | 60,960 | -7.1% | 31,501 | 35,812 | -12.0% | 25,138 | 25,148 | 0.0% | |||||||||
| Automotive | 19,278 | 20,536 | -6.1% | 7,551 | 9,809 | -23.0% | 11,727 | 10,727 | 9.3% | |||||||||
| Real Estate | 9,119 | 9,660 | -5.6% | 5,645 | 6,110 | -7.6% | 3,474 | 3,549 | -2.1% | |||||||||
| Employment | 10,931 | 12,588 | -13.2% | 4,976 | 5,744 | -13.4% | 5,955 | 6,844 | -13.0% | |||||||||
| Other | 17,310 | 18,176 | -4.8% | 13,328 | 14,148 | -5.8% | 3,982 | 4,028 | -1.1% | |||||||||
| Direct Marketing | 31,047 | 31,326 | -0.9% | 31,047 | 31,326 | -0.9% | ||||||||||||
| Other Advertising | 132 | 170 | -22.4% | 132 | 170 | -22.4% | ||||||||||||
| Total Advertising | $207,652 | $222,565 | -6.7% | $157,589 | $172,521 | -8.7% | $50,063 | $50,044 | 0.0% | |||||||||
| Circulation | 88,465 | 84,400 | 4.8% | |||||||||||||||
| Other | 12,672 | 13,161 | -3.7% | |||||||||||||||
| Total Revenues | $308,789 | $320,126 | -3.5% | |||||||||||||||
| ? Memo:? Digital-only | $30,590 | $27,670 | 10.6% | |||||||||||||||
| Advertising Revenues by Market: | ||||||||||||||||||
| California | $35,521 | $37,507 | -5.3% | $27,646 | $29,735 | -7.0% | $7,875 | $7,772 | 1.3% | |||||||||
| Florida | 30,192 | 32,547 | -7.2% | 23,615 | 26,047 | -9.3% | 6,577 | 6,500 | 1.2% | |||||||||
| Texas | 22,393 | 23,858 | -6.1% | 16,974 | 18,240 | -6.9% | 5,419 | 5,618 | -3.5% | |||||||||
| Southeast | 59,922 | 63,989 | -6.4% | 44,312 | 48,847 | -9.3% | 15,610 | 15,142 | 3.1% | |||||||||
| Midwest | 36,614 | 39,714 | -7.8% | 27,767 | 30,717 | -9.6% | 8,847 | 8,997 | -1.7% | |||||||||
| Northwest | 22,904 | 24,767 | -7.5% | 17,275 <Source: http://news.yahoo.com/mcclatchy-reports-second-quarter-2013-130000892.html chuck pagano A Gay Lesbian daylight savings time 2012 Where To Vote james harden breeders cup Mitch Lucker New ESPN sports docs include 'Tonya and Nancy'BEVERLY HILLS, Calif. (AP) ? The knee whack heard 'round the world will be revisited near the 20th anniversary of the rivalry between Olympic figure skaters Nancy Kerrigan and Tonya Harding, as one of six new documentaries on ESPN's "30 for 30" series. The series' second season begins Oct. 1 with "Hawaiian: The Legend of Eddie Aikau," about the big wave surfer and lifeguard. It wraps up Nov. 5 with "Tonya and Nancy," a look back at the Jan. 6, 1994, incident in which Kerrigan was clubbed on the knee after practice for the U.S. championships in a plot masterminded by Harding's ex-husband. The film includes new interviews with Harding and people close to Kerrigan. ESPN Films Vice President Connor Schell said Wednesday that they're still trying to persuade Kerrigan to do an interview. She has mostly shunned the spotlight to focus on raising her family. "Several people close to her have done interviews," he told the Television Critics Association summer meeting. "We're still working to get Nancy and hope by November that we do." The rest of the series is: "Free Spirits" about the Spirits of St. Louis basketball team airing Oct. 8; "No Mas" about the rivalry between boxers Sugar Ray Leonard and Roberto Duran on Oct. 15; "Big Shot" about John Spano's scam to buy the New York Islanders on Oct. 22; and "This is What They Want" on Jimmy Connors' run to the semifinals of the 1991 U.S. Open on Oct. 29. Former "Entourage" star and lifelong Islanders fan Kevin Connolly directs and narrates "Big Shot." It features the only interview Spano has given about being allowed to purchase the NHL team in 1996 even though he had far less resources than he led then-owner John Pickett and the league to believe. "John Spano wasn't driven as much by greed and money as he wanted to be able to walk into a room and have people go nuts and want his autograph," Connolly said. "He wanted to be a star." Connolly had to persuade a reluctant Spano to tell his story and at the same time walk a fine line between being a fan of the team and directing the film. "He knew there were going to be some unpleasant things that were discussed," said Connolly, who was born and raised on New York's Long Island. He rejected Spano's request to leave certain things out of the film. "I wouldn't be doing my job," Connolly said. "It would be borderline unethical." Spano saw the film in April when it premiered at the TriBeCa Film Festival. Connolly said that Spano "denied a couple of things" but didn't ask the director to edit anything out of the finished product. Source: http://news.yahoo.com/espn-sports-docs-tonya-nancy-231935010.html Katy Perry Grammys 2013 Fun ll cool j Presidents Day 2013 jack white wiz khalifa 2013 Grammys Thursday, July 25, 2013Dana White and Demetrious Johnson in can?t-miss ?Jeopardy!? spoofTwo disclaimers here: 1) Turn down your speakers unless you're in a workplace where Dana White's naughty language is OK and 2) No, Dana White and Demetrious Johnson weren't actually on "Jeopardy!" This is a spoof. But if any producers of "Jeopardy!" are reading this, please oh please consider inviting White to the next edition of Celebrity Jeopardy. Or think about making an all-MMA Jeopardy. It will be worlds of fun. At the very least, give us an MMA category of questions, just so we can see if Alex Trebek knows how to pronounce Royce Gracie. Related coverage on Yahoo! Sports: fabrice muamba collapse prometheus trailer patrice oneal shamrock slainte the quiet man yellow cab Who pays for college education? Not Mom and Dad?
consumer
5 minutes ago  AP file Scholarships and grants paid for about 30 percent of college costs in the 2012-2013 academic year, up from 25 percent in 2008-2009. A new study finds parents are footing a smaller portion of the college tuition bill as families become more cost-conscious. The burden is shifting to the student, who now has to depend on money from other sources to pay for rising college costs ? and many are also finding "free money" to pay for a large chunk of the tab. According to a new report released Tuesday by Sallie Mae, scholarships and grants have trumped parental contributions as the number one source of paying for college for the first time in four years. Scholarships and grants paid for about 30 percent of college costs in the 2012-2013 academic year, up from 25 percent in 2008-2009, the Sallie Mae study found. Meanwhile, contributions from parental income and savings dropped from 36 percent four years ago to 27 percent today. Student borrowing has risen four percent in that time and now covers for 18 percent of college costs. (Read more: Student loan rates at 9% That's a better deal?) "Student borrowing has leveled off in the past few years, but parent income and savings has come down considerably," says Sarah Duchich, senior vice president for public policy at Sallie Mae. Parents are "just as willing to stretch to pay for college," she says, "but they don't have the money they had pre-recession." Meanwhile, as parental contributions have declined, "college and universities are stepping up," Duchich says. That may also be another factor that has changed who pays for education costs. "The majority of students getting scholarships are getting them from universities and colleges," she says. Eric Charity got a free ride from Penn State University and he didn't hesitate to take it - even though the school was not his first choice. Charity had dreamed of following in the footsteps of his older brother and cousins, who graduated from Princeton University. But he changed his mind after being offered a full academic scholarship to Penn State. "When it was my time, my parents really needed some help financially for me to attend school," he says. If he had gone to Princeton or the University of Virginia, his other top choice, Charity says he "would have been in severe debt." With the university scholarship as well as private scholarship from a local non-profit, Charity paid for tuition, room and board, fees and other expenses (including a new computer and school supplies) for four years with scholarships. He graduated from Penn State in 2010 and earlier this year got his law degree from William and Mary, which he chose in large part due to cost. (Read more: Most expensive colleges, any way you slice it) Students and their families are increasingly following Charity's path. "We've seen parents bring their spending down. They're eliminating schools more frequently as they go through the (college selection) process, so that by the end about two-thirds of families have eliminated a school due to cost," Duchich says, referring to Sallie Mae's new report on "How America Pays for College." As incoming students and their families see recent graduates facing a tough job market, they are also more reticent to spend or borrow great sums of money for college, financial advisors say. "If your college educated kids make less money, then you spend less money on their degree," says Ivory Johnson, founder of Delancey Wealth Management. "If you hear stories about degreed friends who are burdened by student loans, then you borrow less money." Using that lens, more families are choosing colleges and universities based on cost. It's an encouraging trend, Duchich says. "Making the choice that's affordable not just for the first year but the fourth year as well is so important." (Read more: Watch all education spending, not just college) Tips for finding free money for college Sallie Mae, the nation's largest private student loan provider, offers these tips to help students find more scholarships:
pennsylvania primary jerome simpson hand sanitizer obama on jimmy fallon pilar sanders andrew young real life barbie UA football player Patrick Onwuasor has been arraigned on drug and weapons charges.Sorry, Readability was unable to parse this page for content. Source: http://www.facebook.com/tucsonweekly/posts/10151724158699464 wmt human nature arkansas football howard johnson levon helm firelight world peace elbow Tuesday, July 23, 2013Warsaw's TC Meetup Shows How Far Central Europe Has Come In The Startup World
When I first started visiting Central Europe about seven years ago, the response was dismal. The first meetup we held in Warsaw, for example, consisted of five dudes who thought I was selling Amway. Now, however, folks like Open Reaktor, Aula Polska, and Bitspiration are bringing together some of the coolest startups I've ever seen, and I'm pleased to introduce you to a pair of great companies. Two weeks ago we held another great startup event in Warsaw and the resulting pitch-off was pretty amazing.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/RbQBHx5F37M/ kim kardashian Wendi Deng Sebastian De La Cruz The Last of Us Yeezus Flag Day 2013 UFC 161 Mary Mary join Stevie Wonder in boycotting Florida
July 22, 2013 ? //
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? Mary Mary are the latest stars to boycott the state of Florida for their controversial Stand Your Ground Law. The gospel duo made the announcement days after a Florida jury acquitted George Zimmerman in the death of Trayvon Martin. Although Stand Your Ground was arguably not applied during the trial, concerns were raised by many observers who believed it was linked to Zimmerman?s actions against Martin. ?We will Stand with Stevie Wonder & Boycott Florida until the Stand Your Ground Law is changed! We love our fans but we MUST do something!!? the duo?announced on Twitter?on Thursday. The sisters ? Erica Atkins-Campbell and Trecina ?Tina? Atkins-Campbell ? have followed the lead of legendary singer Stevie Wonder, who announced on Tuesday that he will?no longer perform?in any state with an existing Stand Your Ground law. ?I decided today that until the ?Stand Your Ground? law is abolished in Florida, I will never perform there again,? Wonder said during a performance in Canada on Sunday. ?As a matter of fact, wherever I find that law exists, I will not perform in that state or in that part of the world.? The sisters hope their decision will have an impact on their own fans and spark a positive reaction among their supporters. They said, ?We understand a No from us isn?t as big as a No from Stevie Wonder but if all our voices join together we can REALLY change things!? ? ?? ? Source: http://www.communityjournal.net/mary-mary-join-stevie-wonder-in-boycotting-florida/ neil degrasse tyson neil degrasse tyson davy jones death born this way foundation lytro camera lytro camera andrew brietbart
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