Word: arbors
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Dates: during 2000-2009
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...fiscal year, and more red ink is flowing this year. And the recession and the drop in auto sales in the U.S. saddled Toyota with excess capacity in the U.S., leaving it little choice but to cut production, says David Cole of the Center for Automotive Research in Ann Arbor, Mich. (Read "GM and Germany Still Wrangling Over Opel...
Investors may be jittery, having watched a number of mortgage REITs, such as New Century Financial Corp. and American Home Mortgage Investment Corp., file for Chapter 11 bankruptcy protection over the past couple of years, and others, such as Arbor Realty Trust and Gramercy Capital, struggling to stay afloat. Even Starwood's newest offering could stir concerns if investors check out the sour performance of one of Sternlicht's previous specialty finance companies, iStar Financial...
Besides, if there's anything Ann Arbor won't lack for, it's news. There's already at least one profitable local-news site in town. Mary Morgan, 48, a former News staffer, and her husband Dave Askins, 44, started the Ann Arbor Chronicle last September. It specializes in long-form accounts of local council, school-board and other civic-association meetings. "I hand-tooled most of the HTML myself," says Askins. (He learned on his other site, Teeter Talk - word-for-word transcriptions of interviews with local figures on the couple's teeter-totter.) The Chronicle, says Morgan...
Some locals are seeing the loss as an opportunity. The folks behind the Ann Arbor Observer, a 33-year-old free monthly, hope to pick up some of the News's journalists and advertisers. Then there's the Ann Arbor Journal, a free weekly paper/website that started circulating to 20,000 homes three weeks before the News closed. Plus, the university has the Michigan Daily, which doesn't cover the town but keeps an eye on its biggest employer. All in all, there may eventually be more reporters covering Ann Arbor than before the newspaper was killed...
...fragmented media universe where the battle will be fought for every eyeball, dedicated readers like the Morays are treasures. But their loyalty is hard-won. Whatever the ultimate outcome of the Ann Arbor community-content experiment, it's already proved one thing: the content part is easy; the community part...