Memphis television stations ABC24 and CW30 will soon have new owners.
Irving, Texas-based Nexstar Broadcasting Group Inc. plans to acquire 12 television stations and associated digital sub-channels in eight markets, including Memphis, for $285.5 million.
The seller is Providence Equity Partners LLC, parent company of privately-held Newport Television LLC. The deal is part of a 22-station portfolio sale from Providence Equity Partners in three separate deals for $1 billion.
Nexstar will acquire 10 stations, as well as Newport’s Inergize Digital media operations. Its partner, Mission Broadcasting Inc., will acquire two stations in Little Rock, Ark.
The transaction is expected to increase Nexstar’s footprint to 67 stations in 40 markets, reaching about 11.4 percent of U.S. television households.
Downtown breakfast and brunch joint Cockadoos has shuttered its doors after two years in business.
Once rumors of the closing circulated on Twitter, the eatery confirmed Tuesday, July 17, “True. Today is the last day : ( ” Cockadoos added later that, “most everyone has found a new home.”
Cockadoos opened in May 2010 in the old Café 61 space at 85 S. Second St. The 3,300-square-foot bay is located in between Automatic Slim’s and Kooky Canuck on Second, across the street from The Peabody Memphis.
The daintily-decorated restaurant, known by many for its coffee bar and late-night offerings, served its last meal shortly before 3 p.m. Tuesday.
Duncan-Williams Inc. has released its second video in a series in support of the firm’s sponsorship of the “Live at the Garden” concert series.
The first one, you’ll recall, was a sing-a-long in which the camera panned to one of the firm’s employees after another, all of whom were singing “Saturday in the Park,” a song by Chicago – the first act for the concert series.
The next act is Seal. No sing-a-long this time for the Duncan-William’s video. This one is built around a “Kiss from a Rose”.
Cory Gilchrist, a 41-year-old private investor, has been added to the board of directors of First Horizon National Corp., the Memphis-based parent company of First Tennessee Bank.
Gilchrist has worked as a portfolio manager and partner at Marsico Capital Management, where he was the sole portfolio manager for Marsico’s 21st Century Fund and the lead portfolio manager for its Global Fund. Before joining Marsico, he was a senior analyst and portfolio manager covering emerging markets at The Principal Financial Group.
He holds BBA and MBA degrees from the University of Iowa and is a chartered financial analyst.
Memphis’ own Cozy Corner is up for Men’s Health magazine’s “The Manliest Restaurants in America 2012” in the “Best BBQ Joint” category.
The family-owned, 35-year-old restaurant at 745 N. Parkway is nominated for its classic barbecue dishes, as well as specialty items like bologna sandwiches, Cornish game hen and homemade banana pudding.
Cozy Corner’s barbecue pit was in the building when it was bought it 35 years ago this August. It’s called a Chicago Style, because it was manufactured there. There are nine left.
This year’s poll includes 45 nominees in nine food categories. Voting ends July 31.