Boston public broadcaster WGBH made a bid yesterday to buy classical radio station WCRB, a move that could directly challenge rival Boston public radio station WBUR.
Boston public TV and radio giant WGBH already broadcasts classical music on its flagship radio station, 89.7 FM. But with the acquisition of 99.5 FM, the region’s only 24-hour classical music station, WGBH plans to convert 89.7 FM to an all-news and talk format. That would make the station more like WBUR, at 90.9 FM, the city’s only other public radio station and one of the nation’s most successful noncommercial stations.
“This lets us save classical music and look at opportunities to expand our journalism and give folks in Boston more of the public radio journalism that they love,’’ said WGBH chief executive Jonathan C. Abbott. “This will lead us to build out and continue to enhance news’’ offerings.
Buy or be bought.
That appears to be the new mantra for the Massachusetts life sciences industry, where the strengthening economy and rising stock market have sparked a small wave of acquisitions.
Yesterday alone, Waltham’s Inverness Medical Innovations Inc. agreed to purchase a Seattle company, while Cambridge’s Biogen Idec Inc. launched a hostile tender offer for a California company.
With another biotech company, Sepracor Inc. of Marlborough, agreeing earlier this month to be sold to a Japanese pharmaceutical giant, the scramble for merger partners is on.
FOXBOROUGH - They play a lot of football in this town - and not just in Gillette Stadium. A couple of miles away, at a company called Quick Hit Inc., a team of software developers oversees hundreds of games a day, played in virtual stadiums on the Internet. They hope to soon grow that number into the millions, as they launch the first massive, multiplayer online video game designed for football junkies.
Electronic Arts Inc.’s hugely popular Madden NFL games have long dominated the football video game market. Last year’s edition of Madden NFL sold 5.25 million copies, making it the second-best-selling video game in America in 2008. But Quick Hit founder Jeffrey Anderson is targeting a different audience: football fans put off by Madden’s bewildering complexity and sizable expense.
“Madden is the full-course French meal with the heavy cream sauces,’’ said Anderson. “We’re more of a pub.’’
The upcoming auction of 10 units in a deluxe Back Bay complex - with minimum bids topping $1 million - is being widely watched by developers and brokers to see whether the aggressive strategy spurs or depresses sales in the city’s ritziest neighborhoods.
Accelerated Marketing Partners on Oct. 17 will auction 10 units of the Bryant Back Bay, a 50-unit condominium complex on Columbus Avenue that borders the Back Bay and the South End, for prices starting at $1.075 million. The condos are being offered at about half the typical asking price but are expected to sell for higher than the minimum.
The success of the auction - the first in a high-end building in the Back Bay in decades - could determine whether other developers of full-service luxury buildings, like the Clarendon, Battery Wharf, and 45 Province, follow its lead, some housing specialists say.
There is no shortage of people writing big checks to A123 Systems Inc., the Watertown battery company. Now public stockholders are about to pile on.
A123 is expected to go public this week in an initial stock offering worth about $200 million, by far the most important Massachusetts IPO of the year. It’s the stock market’s glitziest offering in a week that may turn out to be the busiest for IPOs since December 2007. Expect the deal to be priced tomorrow.
If A123 is a new name to your ear, you haven’t been paying attention to the hype over electric cars and hybrid autos. Many people believe A123’s lithium-ion technology is going to be a hit in the auto industry, though the company’s batteries are already used in consumer products such as power tools and have applications in electric power grids.
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