Saturday, June 17, 2000

Tristate Business Summary




Blue Chip, Regent acquire stations
        Two local radio companies have picked up Midwestern radio stations.

        Blue Chip Broadcasting of Cincinnati bought WBTF-FM in Lexington from Clear Channel Communications for $3 million. The station will keep its urban music format.

        Regent Communications based in Covington has agreed to buy WNWZ-AM in Grand Rapids, Mich., for an undisclosed sum from Capstar Radio Operating Co., an affiliate of AMFM Inc.

American Annuity now traded as GFR
        American Annuity Group Inc. is now Great American Financial Resources Inc.

        The company said Friday it had completed its name change, which shareholders approved earlier this year.

        Starting Monday, the company's stock will trade on the New York Stock Exchange using the symbol GFR. The new name reflects the company's broader range of products and services, it said.

        Great American Financial Resources is a subsidiary of American Financial Group Inc., which is controlled by the Carl Lindner family.

New Gibson line features illustrator
        Card developer Gibson Greetings has introduced a new line of 147 cards featuring drawings by illustrator Suzy Spafford, its fourth line introduced since being acquired by American Greetings in March.

        The line expands a relationship with Ms. Spafford that began in 1995, when Gibson introduced an 18-card line of her cards. Gibson has been increasing the line since.

        Gibson, though acquired by American Greetings, continues to operate as a separate brand.

3 news outlets market Web access
        Three local news organizations have joined forces to cross-market free Internet access from StartFree.

        The Cincinnati Enquirer's Cincinnati.com, Cincinnati.CitySearch.com, and WLWT-Channel 5's ChannelCincinnati.com will cross-market StartFree's service.

        StartFree is an ad-sponsored Internet provider. It offers free Internet access with e-mail and banner advertising that changes every 30 seconds.

— From staff and wire reports

       



'Nice guy' Pepper begins to right P&G ship
   P&G president takes spotlight at reunion
   P&G revival hinges on goals
   Pepper narrows his focus at P&G
Independent filmmakers need investors first
Baldwin investors reject plan to sell
Diversity and liquidity / Deposits booming
Personal finance
Portman reintroduces retirement bill
Savvy strategies
The Sophisticated Investor
- Tristate Business Summary
What's the Buzz?