BtoB CEO Arrested on Embezzlement Charges

first_imgGittlitz was fired from his post at ICD in July 2007. The publisher subsequently filed a lawsuit against him, alleging “fraudulent acts and a breach of fiduciary responsibility.” He partnered with his son, Seth Gittlitz, in the acquisition of Travel Trade magazine last year.ICD owns several hospitality trade magazines, including Hotel Business, HomeWorld Business and Hotel Journal.[PHOTO: Courtesy of Lincolnshire Police Department] Ian Gittlitz, former president and CEO of b-to-b publisher ICD Publications, was arrested Sunday in Chicago on charges that he allegedly embezzled more than $2 million from the publishing company. He is being held on a $2 million bond.Gittlitz [pictured], a New York resident, was apprehended by police while attending the International Home & Housewares Show at McCormick Place in Chicago, Lincolnshire, Illinois Police detective John-Erik Anderson told FOLIO:. Gittlitz was reportedly traveling with a hired guard. If convicted, Gittlitz faces four to 15 years in prison, Anderson said.last_img read more

Apple Releases Publisher Newsstand with iOS 5

first_imgAt an Apple conference held in San Francisco on June 6, Apple introduced iOS 5, the latest version of its mobile operating system, which now includes the Newsstand, a virtual set of shelves that display users’ subscriptions with the latest issues of magazine titles.Also new to the App Store is an app that features only magazine and newspapers titles that offer a subscription model to customers.In the Newsstand feature, each of the user’s chosen titles are updated automatically, “so you always have the latest issue and the most recent cover art,” according to a news statement from Apple.The Newsstand is part of the Apple’s new iCloud technology, which enables Apple users to move all data to the cloud. After entering an Apple ID and password, “iCloud will seamlessly integrate with your apps to automatically and wirelessly keep all of your mail, contacts, calendars, photos, apps, books, music and more, up-to-date across all your devices without ever having to connect to a computer.” Apple announced its subscription model in March that allowed publishers to sell subscriptions through the App Store (for a 30 percent cut of each sub purchased and Apple keeps user data automatically, unless users choose to share data with publishers). Bonnier, Conde Nast and Hearst are among the publishers that have since signed on to sell subscriptions through the App Store.Gregg Hano, vice president/group publisher with Bonnier, says, “We feel the launch of the Apple Newsstand is another great move in the right direction…this move will help make Popular Science content more easily discoverable for consumers interested in our subject matter.”last_img read more

Taunton President Steps Down Industry Veteran Dan McCarthy Takes Over as Interim

first_img Taunton has long been considered a gold-standard company in special-interest media. Its editorial model is unusual, often using in-market experts to create content and great editors to make that content accessible. It serves professionals and expert enthusiasts in several fields, including homebuilding, gardening, sewing, woodworking and cooking. The company, founded in 1975 by Jan and Paul Roman, is based in Newtown, Conn. Traditionally it has relied on a subscription-first approach, meaning that circulation revenue was more important than advertising revenue. In his memo, Rahr says that Taunton is in a good place, and looking forward to a better future.  “After a very tough year in FY14, we have made strong progress in the first six months of this year,” he says. “There are a lot of positive things going on. We have filled key leadership positions in our franchises and consumer marketing.  We are seeing signs of stability, and even growth in the case of books, in our print business. Our digital business continues to grow. And, the search for a new CEO is well underway.” Taunton Press President Tim Rahr announced to the company last week that he’s leaving the company and that longtime industry executive Dan McCarthy is taking over as interim CEO.  McCarthy has a high profile and long track record in media, including as CEO of Network Communications, which published real estate guides and home design magazines and which grew from $75 million in revenue to more than $200 million in the nine years McCarthy was there. He also was CEO of Primedia Enthusiast Media and of Themestream, a special-interest content portal. “I started working with Taunton last summer,” McCarthy tells Folio: in an email on Tuesday. “The focus has been to assist in aligning the operating focus with the growth strategy. That continues to be the mandate. Taunton has great products that have really strong and engaged relationships with its customers. The strategy is to expand those relationships across traditional and new distribution channels. Developing a robust digital product and commerce platform is an on-going focus for the business.”center_img McCarthy says he’s going to stay involved with Taunton through the CEO search, and that he hasn’t advanced himself as a candidate. “After 16 years at Taunton I have decided it is time for me to step away and find my next challenge,” Rahr says in a memo that went out to employees Friday. Effective February 1, Rahr says, McCarthy will step in as Interim CEO, reporting to the board of directors.  He’s been working with the senior management team over the past six months to help hone strategy and enhance Taunton’s revenue focus.  “Dan’s an experienced executive, and I will continue to work closely with him and the board until the new CEO is in place,” Rahr says.last_img read more

Condé Nast Entertainment Launches New Unscripted TV Unit

first_img Condé Nast Entertainment launched in 2011 and, in addition to it’s five unscripted projects, it has also undertaken 24 film projects, a number of scripted series with networks that include Fox, HBO and AMC, and regular digital video programming across 19 brands. Condé Nast Entertainment is upping its commitment to unscripted television, according to a company announcement on Feb. 1. It’s launched a new unit, Condé Nast Studios, which will oversee the company’s five existing unscripted television projects—in production or on air—and will create and develop several more. “With the explosive demand for television programming, CNE Studios is the natural progression of taking our success in developing and selling unscripted series to the next level,” says CNE president, Dawn Ostroff in a statement.  Heading up the new unit as executive vice president is Al Edgington, an Emmy-winning TV vet who has produced unscripted series like “The Amazing Race” and “Last Comic Standing.”  “Al’s expertise and keen production abilities will be a tremendous asset as he and Joe LaBracio work closely on building the next phase of our unscripted television business,” Ostroff says.last_img read more

Wilmingtons Assisting Hands Home Care To Hold Electronics Recycling Fundraiser For Senior

first_imgWILMINGTON, MA — On Saturday, September 22, 2018, from 9am to noon, Assisting Hands Home Care will be sponsoring its First Annual Electronics Recycling event to benefit Wilmington’s Buzzell Senior Center. Goods can be dropped off at 5 Middlesex Ave, Wilmington, MA and there is a suggested $10 donation per carload, with some items, like TV’s, monitors, batteries, toner, and wood, costing more.“When you bring your recyclable electronics to this drive, you will not only be helping the environment, but you’ll also be helping patients with Alzheimer’s and dementia” explains John Benchoff, Owner of Assisting Hands Home Care of Boston North suburbs. All proceeds from the event will go to support the Alzheimer’s Memory Café program at Wilmington’s Buzzell Senior Center.Alzheimer’s Memory Cafés are a place where people with memory loss and their care companions can come together in a safe, supportive environment and can socially connect. Guests can share a conversation over a cup of coffee in a “dementia-friendly” environment. “We have such a great community and we’re delighted to be able to start a memory café for Wilmington residents,” stated Terri Marciello, Director of the Buzzell Senior Center.The event will be held rain or shine. The event is open to everyone, not just Wilmington residents. For more details about the event and the items that can be donated, visit  https://www.assistinghands.com/63/massachusetts/wilmington/recycle/ or call 781-400-8880.About Assisting Hands Home CareAssisting Hands Home Care provides quality non-medical home care to seniors and others needing assistance, allowing them to remain safely and comfortably in their own homes. This includes personal care as well as transportation, medication reminders, shopping and errands, light housekeeping and laundry. They specialize in caring for clients with Alzheimer’s, dementia, Parkinsons, hospice, and paraplegic/quadriplegic needs.(NOTE: The above press release is from Assisting Hands Home Care.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Senior Center To Benefit From Electronics Recycling Fundraiser On September 22In “Community”IT’S OUR TURN: Wilmington Seniors Speak Out In Favor Of A New Senior CenterIn “Government”HOT OFF THE PRESS: Read Wilmington Senior Center’s September NewsletterIn “Community”last_img read more

Liberty House confirms bidding for Tata Steels UK business

first_imgIndian-origin businessman Sanjeev Gupta-owned Liberty House has confirmed that the company will submit its bid for Tata Steel’s UK operations on Tuesday. According to reports, last week the company said it was considering the option to buy out Tata’s steel business.London-based Liberty House was one of the first companies to show interest in buying Tata Steel’s UK business. Tata Steel will be asking for submission of expression of interest this week, the Financial Times reported.”We can confirm that Liberty will submit a letter of intent to Tata Steel on Tuesday and has put in place a strong internal transaction team and panel of leading external advisers to take the bid forward,” a Liberty House spokesperson was quoted as saying by the FT.Jon Bolton, a former Tata Steel executive who joined Liberty House last month to run its steel business in Scotland, is advising the company on the probable transaction. In addition, Macquarie Capital and State Bank of India are also working with Liberty House to support the bid with funding, as reported by Press Trust of India.However, the biggest hurdle in clinching the sale could be Tata’s pension scheme. Deloitte and Grant Thornton along with other firms are reportedly advising Liberty House in dealing with the 500 million pound “funding deficit.”Liberty House last week concluded the deal of acquiring Tata’s Scottish plants Dalzell and Clydebridge in Lanarkshire. Contenders for the other steel assets of Tata Steel include, Albion Steel, a UK-based start-up, and a Tata management team buyout, the PTI report added.Stocks of Tata Steel closed at Rs. 346.50 on Monday, down 1.16 percent from its previous close on the Bombay Stock Exchange.last_img read more

Rebuild noncommunal society with Nazruls ideology President

first_imgPresident Abdul Hamid is addressing the inaugural ceremony of the three-day national level programme at Trishal marking the 119th birth anniversary of national poet Kazi Nazrul Islam on Friday. Photo: PIDPresident M Abdul Hamid on Friday said the new generation will contribute to rebuild an exploitation-free and non-communal society being imbued with the patriotism and ideology of national poet Kazi Nazrul Islam.”Nazrul was not merely a national poet of Bengal, he was a poet of reawakening and equality . . . He was strongly vocal against exploitation, deprivation, repression, superstition and subjection,” the president said while inaugurating the three-day national level programme at Trishal marking the 119th birth anniversary of Nazrul.The president expressed hope that the new generation would get inspiration to be enlightened themselves from the quenchless flame lit by poet Nazrul for changing the society and contribute to rebuild a “Sonar Bangla”Paying rich tribute to the memories of the national poet, president Hamid said Nazrul was born at Churulia village in West Bengal, but he spent most important time of his life at Darirampur village of Trishal since 1914.As poet of equality, the president said, Nazrul played immense role in reawakening Bengalis, raising voice for Independence, speaking against fanaticism and communalism through his talents, rich and valuable literary works, lectures, philosophy of his life and spreading human values. Nazrul visited different areas of east, north and south parts of Bangladesh several times and exchanged views with people of the then backward remote areas and created awareness of equity and patriotism.”His literary works also inspired our Bengali people against the exploitation and deprivation of the then Pakistani ruler. Nazrul’s patriotic and enthusiastic songs, poems helped gear up our movement during the Liberation War,” Abdul Hamid, a war veteran, observed.Calling Nazrul a poet of inspiration for the Bengali nation, the president said Father of the Nation Bangabandhu Sheikh Mujibur Rahman brought the poet along with his family members to the soil of Bangladesh showing due respect to him in 1972.Information minister Hasanul Haq Inu, additional secretary of the ministry M Mosiur Rahman and deputy commissioner of Mymensingh district Suvash Chandra Biswas, also spoke.Simeen Hussain (Rimi), MP, chairman of the parliamentary standing committee on the cultural affairs ministry, presided over the programme, followed by a cultural function.last_img read more

Trump inauguration prompts celebration in Russia

first_imgThe Kremlin may have spent years reviling America, but Russians hoping Donald Trump will usher in a new era of detente marked his inauguration on Friday with parties and trinkets from commemorative coins to “matryoshka” nesting dolls in his image.Washington was turned into a virtual fortress with an estimated 900,000 people—backers and protesters—descending on the capital. In London, anti-Trump activists draped a banner reading “Build Bridges Not Walls” from Tower Bridge. Protests were planned across western Europe on Friday and Saturday.But according to Gennady Gudkov, a Putin critic and former lawmaker, Russia is in the grip of “Trumpomania”, with state media giving the President-elect blanket air time at the expense of more mundane and sometimes depressing domestic news stories.That, he said, was in part because the U.S. election, unlike elections in Russia, had been unpredictable. The Kremlin is hoping Trump will ease sanctions imposed over the annexation of Crimea, team up with Russia against Islamic State, and cut back NATO military activity near Russian borders.Craftsmen in the city of Zlatoust, east of Moscow, have released a limited series of silver and gold commemorative coins, engraved with “In Trump We Trust” – an allusion to the phrase on U.S. banknotes “In God We Trust”.‘TRUMPOMANIA’Sellers of traditional matryoshka nesting dolls have added Trump dolls to their popular line-up of items carved in the likeness of President Vladimir Putin, Bolshevik revolutionary Vladimir Lenin, ex-President Mikhail Gorbachev and Josef Stalin.And a shop selling Russian military kit located opposite the U.S. embassy in Moscow has unveiled a cheeky promotional campaign offering embassy employees and U.S. citizens a 10 percent discount on its wares to celebrate Trump’s inauguration.Some of Trump’s opponents believe the Kremlin helped him win the White House by staging a hacking campaign to hoover up embarrassing information about Hillary Clinton, his rival. The Kremlin denies that, but few here make any secret of the fact that they are pleased that Trump and not Clinton triumphed.Relations between Putin and Barack Obama had soured badly.“Trump’s election has generated enormous enthusiasm in Russia because his warm words about Russia and Putin have given us hope that the USA and the West will stop their attack on Russia,” Sergei Markov, a former pro-Putin lawmaker, said on social media.“We don’t know for sure if there will be an improvement (in relations) or not. But we Russians are optimists … so we are hoping for the best, while preparing for the worst.”For Russian nationalists, Trump’s inauguration is an excuse to mix fun with self-promotion.They are holding an all-night party at what used to be the main Soviet-era post office in Moscow where they will showcase their favorite prop, a triptych of Putin, Trump and French Front National leader Marine Le Pen.Konstantin Rykov, a former pro-Putin lawmaker and one of the event’s promoters, said on social media it was right to celebrate the first phase of the “New World Order.”“Washington will be ours,” he quipped.last_img read more

Harris County Will Buy Riverside Turn It Into Mental Health Facility

first_imgMORE: UH Professor And Students Work To Preserve Former HospitalAlan Bruton, director of interior architecture at the University of Houston, and his students have been working closely on preservation efforts with the former Riverside General Hospital. He tells Houston Matters about their work and the property’s significance. To embed this piece of audio in your site, please use this code: Share Ed UthmanThe former Riverside General Hospital will get a new lease on life. Harris County will purchase the building in Houston’s Third Ward, to revive it as a mental health facility.Harris County Commissioners Court voted unanimously to purchase Riverside out of federal bankruptcy. That’s the first step in what’s expected to be a seven-year process. Houston Endowment will help raise the $18 million the county will need to refurbish the building.In its new incarnation, Riverside will house a clinic for the underserved Third Ward. It will also let Harris County divert some mentally ill individuals out of the jail system. Judge Ed Emmett said, though, that this will do little to relieve the pressure on the jail, considered one of the largest mental health providers in Texas.Riverside opened in 1927 as the Houston Negro Hospital. The hospital was plagued by mismanagement and scandal in its final years. Former Riverside president Earnest Gibson III, his son, and two of his colleagues were convicted of Medicare fraud in 2014. The hospital declared bankruptcy two years later, after an audit proved Riverside misused a $32 million Hurricane Ike recovery grant from FEMA. 00:00 /04:44 X X Listen Listen To embed this piece of audio in your site, please use this code: 00:00 /00:51last_img read more