The downtown-based TV-station operator on Friday announced it will pay $1.6 billion to acquire LIN Media in a massive deal that will create a colossal firm owning 74 TV stations in 46 markets.
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected].
A Richmond-based business bank announced a deal last week to buy a Gloucester-based bank with aspirations to expand deeper into Hampton Roads.
A Midlothian bank claims a bankrupt local businessman lied about his assets and wants a court’s help to get back at least some of what it loaned.
Twelve of the 14 local banks saw their nonperforming asset levels drop in 2013 compared to the previous year. And bankers say loan demand is creeping back.
A Midlothian-based bank hit a milestone of profitability last year.
A defunct financial giant’s retirement account dispute is moving from the courtroom to the negotiation table.
A local portable self-storage company has found a suitor.
With a huge financial backing in place, a Glen Allen startup continues to muscle its way into the insurance industry.
After paying a seven-figure fine, a nine-figure payday could be ahead for a real estate firm’s CEO.
A new contract for a local bank head. Directors coming and going on local boards. And plenty of insiders buying and selling.