Friday, October 24, 2008

Governor candidates add $26,250 to accounts

It was a slow day for gubernatorial candidates Jay Nixon and Kenny Hulshof Thursday, according to their 48-hour reports filed with the Missouri Ethics Commission.

Congressman Hulshof reported $14,250 in oversized contributions, $7,500 from the Carroll County Republican Central Committee and $6,750 from Emersco Electric Co., St. Louis; while Attorney General Nixon received a $12,000 donation from Titlemax AIP, Savannah, Ga.

Gannett stock hits 18-year low

Stock prices for Gannett Co., owner of the Springfield News-Leader, hit an 18-year low of $9.31 per share Thursday:

Gannett tumbled 11.25% during the session, shaving $1.18 off its share price to close at $9.31 a share. It price, adjusted for splits and dividends, hasn't been that low since October 1990.

Gannett is scheduled to release its third-quarter results on Friday morning. Based on the weak revenue figures already released by The McClatchy Co. and Media General, Wall Street is clearly not expecting good news from the nation's largest newspaper publisher.

Thursday, October 23, 2008

Nexstar Broadcasting closed at 76 cents per share

Nexstar Broadcasting's freefall continued today, with the broadcasting company's stock falling eight cents to 76 cents per share, an all-time low.

Nexstar Broadcasting owns/operates KODE and KSNF in Joplin and KOLR and KSFX in Springfield.

GateHouse Media closes in single digits

GateHouse Media's days on the big board ended with a whimper.

The publishing company, which owns more than 300 publications across the United States, including The Carthage Press and the Neosho Daily News, closed at seven cents per share yesterday, down seven cents from Wednesday's closing price of 14 cents.

Today was the last day GateHouse Media stock will be traded on the New York Stock Exchange, which delisted the company, effective Friday, after it failed to reach $1 per share for the past few months.

The stock will still be traded over the counter.

Nexstar Broadcasting stock price continues to drop

Nexstar Broadcasting stock fell to an all-time low of 81 cents per share and closed at 84 cents, down five cents from Wednesday.

Nexstar Broadcasting owns KSNF in Joplin and KSFX in Springfield, and is de facto owner of KODE in Joplin and KOLR in Springfield.

GateHouse Media hits another all-time low

Today will be the last day GateHouse Media shares are sold on the big board. The New York Stock Exchange has delisted the newspaper company starting Friday.

On the next to last day of NYSE trading, GateHouse reached an all-time low of 14 cents before rebounding slightly to 16 cents per share, down two cents from Tuesday.

GateHouse Media owns The Carthage Press, Neosho Daily News, and more than 300 publications across the United States.

Wednesday, October 22, 2008

Democratic Party employee attacked at Hulshof campaign event

In this YouTube age, Democrats attend Republican political events to capture footage and vice versa.

The first sign that this movement was going to become a major part of the political landscape came when former Virginia Sen. George Allen's re-election chances (and presidential hopes) were dashed when he referred to a Democratic Party photographer videoing his event as "macaca" a derogatory and racially offensive name.

When Republican Congressman Kenny Hulshof brought his campaign for governor to the Lincoln Ladies Ice Cream Social in Carthage in August, he made some pleasant remarks about his Democratic Party follower, suggesting jokingly that he might even eventually convince the young man to vote for him.

Apparently, with all of the polls showing Hulshof trailing his Democratic opponent, Attorney General Jay Nixon, by a wide margin, some of Hulshof's followers have taken a different approach during a campaign stop in West Plains, one that not only infringes on the Democratic party worker's First Amendment rights, but also borders on assault. The incident, of course, has bene captured on YouTube and posted by the Missouri Democratic Party:


Palin Springfield rally moved to Bass Pro


Republican vice presidential candidate Sarah Palin's Springfield rally, originally scheduled to be held at Missouri State University, has been moved to Bass Pro to accommodate the expected crowd:


Just before 6 p.m, party officials said the rally would be at a parking lot outside Bass Pro Shops' Outdoor World store at the corner of Sunshine Street at Campbell Avenue. It will still start at 11 a.m.

A news release says people who stood in line and got tickets should bring those tickets with them to the rally, where they'll be in a special reserved section. Those who don’t have tickets will have a different section.


The initial site for the rally only held 4,000 people and those tickets went quickly.

Feb. 17 trial set for Robinson

A Feb. 17 trial date has been scheduled in St. Louis County Circuit Court for Rep. Bradley Robinson, D-Bonne Terre, who is charged with felony leaving the scene of an accident.

Robinson, 42, was allegedly driving his pickup on Jan. 1 when he struck a man, severely injuring him. Surveillance video purportedly shows Robinson and his wife changing places to make it appear that Robinson's wife Tara was driving, and then leaving the scene. According to the St. Louis Post-Dispatch, five passengers in the pickup have been granted immunity in exchange for their testimony against the Robinsons.

Robinson is represented by one of St. Louis' most powerful defense lawyers, Travis Noble, a former policeman and drug agent, who has earned a reputation for winning DWI cases (the Robinson cases involves no DWI allegations).

Tara Robinson's trial is scheduled for Nov. 6 in St. Francois County.

Robinson is not seeking re-election.

Proposition A is not about education

(The following is my column for this week's Newton County News.)

Proposition A is not about education.

Of course, you would not be able to tell that by the advertisements that have bombarded us over the past couple of weeks.

We have grandparents saluting Proposition A, extolling the virtues of this wondrous device through which all financial problems for Missouri elementary and secondary schools will be solved forever.

This past week, it has been a former teacher of the year telling us how wonderful the measure is. At this point, however, not one single educational group has announced support for Proposition A and there is a good reason for that.

The advertisements are all about education, but Proposition A was written by the casino interests, and is designed solely to benefit the casino interests.

Proposition A does call for a one percent increase in casino taxes, with that money earmarked for education. That is the sweetener designed to entice voters to overlook the remainder of the measure.

It would also remove Missouri’s innovative loss limit law which prohibits gamblers from losing more than $500 during a two-hour period. The casino owners want to be able to take as much money as possible from problem gamblers and their families. They complain that the loss limits are driving gamblers to Illinois, Oklahoma, and Kansas, where they can lose as much as they want, but Missouri casinos have still been extremely profitable.

The measure would also eliminate the requirement that gamblers carry identification with them, something which has aided law enforcement in numerous investigations.

Proposition A also eliminates any future competition for existing casinos, effectively allowing them to establish a monopoly.

In the 1976 movie, “All the President’s Men,” the character “Deep Throat,” played by Hal Holbrook, told Washington Post reporters Bob Woodward and Carl Bernstein, played by Robert Redford and Dustin Hoffman, to “follow the money.”

Following the money on Proposition A does not lead us to education, only to the deep pockets of casino owners who are willing to do anything they can to get this measure approved in November.

Missouri Ethics Commission documents show casino interests, primarily Ameristar Casinos and Pinnacle Entertainment, have contributed more than $12 million this year to the Yes on A Committee,

The contributions include a quarter of a million from Pinnacle Entertainment posted Saturday on the Ethics Commission website. Both Ameristar Casinos and Pinnacle made $2,613,001 contributions earlier this month, following $1,787,500 contributions in September.

The only contributions the committee has received that did not come from Ameristar or Pinnacle were two donations totaling $38,482.02 listed as "in-kind" from the Missouri Gaming Association, the lobbying group for the casino industry.

Not one contribution to the committee has come from anyone connected with education.

Proposition A is a shell game by casino owners who are brazenly betting on Missourians to put their concern for educational funding ahead of what to all intents and purposes appears to be one of the slimiest proposals to appear on a Missouri ballot in decades.