Tuesday, June 15, 2004

Tristate business digest

Comair profit: $19M for quarter

Staff reports

Erlanger-based regional carrier Comair earned an operating profit of $19.3 million in the first quarter of 2004, according to data released Monday by the U.S. Transportation Department.

The department requires all carriers to submit financial records, even if they are wholly owned subsidiaries of other airlines. Comair is owned by Atlanta-based Delta Air Lines, which lost $383 million in the first quarter. Except for the government filing, Comair does not release its financial data publicly. According to the government, Comair reported $282.2 million in operating revenue, and recorded a 6.7 percent operating profit margin. The company had reported a 5.6 percent margin during first quarter 2003.

P&G sponsors urban radio show

Procter & Gamble Co. said Monday that several of its brands would sponsor The Tom Joyner Morning Show, the nation's top-rated urban radio show. The deal includes a study to measure the ability of urban or African-American-oriented radio stations to affect sales. "A partnership with P&G makes sense because we're both trying to create opportunity, encourage education and improve life for people in the black community," said Joyner, show host. "P&G is recognizing the power of urban radio in their marketing mix." Joyner's show is aired on 115 stations, including Cincinnati on WDBZ (1230 AM).

Freedom Center picks food firms

Two Greater Cincinnati companies, BB Riverboats and C'est Si Bon Catering, will provide cafe and catering services for the National Underground Railroad Freedom Center. The two companies will operate a joint partnership to supply food to the riverfront museum when it opens in August. C'est Si Bon, a member of the Greater Cincinnati and Northern Kentucky African-American Chamber of Commerce, will operate the museum's North Star Cafe, and BB Riverboats will provide catering for events.

New flights, faster
Pilcher: Cable phone service works, but will consumers buy it?
Windows XP users can set default to play music CDs automatically

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Plan's dilemma: Drop-Inn Center
Workers: Kroger to buy 8 Thriftways
Tristate business digest
Bob Evans buys chain in West
AK Steel workers OK new contract
Microsoft works to fortify small-business division
Omnicare takeover fight turns into war of words
Retail sales increase by 1.2 percent in May
Hostile work suits widened
Nations' hope: better living by free trade
Business digest