www.timesleader.com News Sports Weather Obituaries Features Business People Opinion Video Contact Us Classifieds

In brief

Panorama magazine sold

The monthly magazine Panorama, which has been published in Hazleton for more than 25 years, has been sold to Hazleton area businessman Lex Sloot, owner of Printmark Industries, and Gary Yacubeck, a former advertising executive at the Standard Speaker. The sale was announced by Neil Rodino, who has owned and run the publication for many years.

Panorama is a free publication featuring that is distributed in Luzerne County and Schuylkill County. The new owners said they will add new features and increase the circulation and distribution points.

TV stations juggle news

WBRE-TV will broadcast its midday news program at 11 a.m. beginning on Monday, and will no longer share the PA Midday show with WYOU, which will continue to broadcast the show at noon. Other WBRE programming will be moved to accommodate the change.

“It’s a question of trying to find some alternative options to help the viewer,” said WBRE general manager Lou Abitabilo.

Nexstar Broadcasting of Irving, Texas, owns and operates WBRE and shares services with WYOU under a local service agreement. The company owns or provides services to 50 stations in 29 markets nationwide, reaching 8.2 percent of the United States television market.

Apple’s expectations fall

Apple Inc. said Tuesday its fiscal first-quarter earnings jumped about 57 percent, aided by iPod and iPhone sales, but shares plunged on an outlook that was well below expectations.

For the quarter that ended Dec. 29, Apple earned $1.58 billion, or $1.76 per share, compared with $1.0 billion, or $1.14 per share, in the year-ago quarter. The company’s revenue rose year over year to $9.61 billion from $7.12 billion.

Apple said its computer shipments rose year over year to 2.32 million. The company sold 22.1 million iPods during the quarter — up from 21.1 million in the year-ago quarter. Apple sold 2.3 million iPhones in the period; the product was released in June 2007.

For its second quarter, Apple expects earnings of about 94 cents per share on about $6.8 billion in revenue. Analysts expected earnings of $1.09 per share on revenue of $6.98 billion.

Report: eBay CEO retiring

Meg Whitman, the longtime chief executive of eBay Inc., is preparing to retire after a decade at the helm of the online auctioneer, according to a published report. The Wall Street Journal, citing unidentified people familiar with the matter, reported Tuesday that Whitman has been delegating more daily responsibilities and is working on a plan of succession. A call to eBay seeking comment Tuesday morning was not immediately returned.

When the 51-year-old Whitman joined eBay in 1998, the company employed 30 people and had revenues of $86 million that year. It now employs 15,000 and had $5.97 billion in revenues last year.

The Weekender Go Lackawanna Timesleader The Dallas Post Tunkhannock Times Impressions Media The Abington Journal Hazelton Times Five Mountain Times El Mensajero Pittston Sunday Dispatch Creative Circle Media Image Map