Early Briefing: Liggins Wants Focus on Web

(By Katherine Frey -- The Washington Post)

*Radio One CEO Alfred Liggins doesn't want shareholders to focus on the company's stock price or his recent raise at the company's meeting this week. He wants them to look at Web ventures - the key, he thinks, to his media empire's success - and financial gains by TV One.

"The strategy is to build a company where we can compete for $28 billion in Web revenues by providing content for African Americans and build scale for advertisers," he said in an interview. "I think our ability to build that online won't take long."

*Linear Air landed its air-taxi service at Manassas Regional Airport last month. The aim is to fly its three-passenger jets to small, less-congested airports that are closer to travelers' destinations and often ignored by major airlines.

The entrepreneurs behind Linear Air, as well as a dozen similar U.S. air taxi ventures, are looking to take advantage of the mounting hassles of commercial air travel for short trips - the inside of Linear's Eclipse 500 is 12 feet by 5 feet, meaning service is restricted to a 500-mile radius.

Many of these aviation start-ups are struggling to find proper financing, and they could also get grounded by high fuel prices and cutbacks in spending by businesses and individuals.

Watch a video on Linear.

*XM Satellite Radio Holdings warned in a regulatory filing last week that its financial position may be threatened if it cannot find $120 million worth of financing to adhere to the terms of its high-profile contract with Major League Baseball.

*In a corner of a mall in Crystal City is the BRAC Transition Center, designed to help one of the hardest-hit communities under the 2005 Base Realignment and Closure decisions. Crystal City stands to lose 13,000 federal jobs by 2011, as ordered by the BRAC Commission, writes Federal Diary columnist Stephen Barr.

The best estimate is that 35 percent of the employees will follow their jobs to military bases in Alabama, Kentucky, Texas, Indiana, Ohio and around the Capital Beltway. That means substantial numbers of Defense Department civilians will be hunting for jobs in other federal agencies and in the private sector.

Enrique Carrillo, Chevy Chase Bank's director of Hispanic banking, hosts a Cuban-style backyard party to get local government officials, embassy representatives and small-business owners mingling. (By Susan Biddle -- The Washington Post)

*Chevy Chase Bank hired Enrique Carillo two years ago to help it reach out to the local Hispanic community. In Detroit, he made his annual "La Pachanga Cubana" backyard party part of his efforts there, and he's brought his party to Washington.

*Entrepreneur David Bradley is launching a Washington company aimed at acquiring intelligence on how federal activities will affect the private sector, and then selling that information to investors such as big mutual funds, endowments and hedge funds.
Called Potomac Research, the model is similar to Bradley's predecessor companies, the Corporate Executive Board and the Advisory Board.

By Terri Rupar  |  May 26, 2008; 5:00 AM ET  | Category:  Morning Brief
Previous: Early Briefing: Booz and Carlyle | Next: Early Briefing: Emergent Makes a Buy


Please email us to report offensive comments.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company