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Recent Articles from Kate Andrews
Qualtrics expansion expected to bring 400 jobs to Fairfax
Qualtrics, a data analytics and experience management software company based in Seattle and Provo, Utah, is expanding its presence in Fairfax County and expects to create 400 jobs in a new location in Reston, Gov. Ralph Northam announced Thursday. The company will move from its former office in Reston to an 85,000-square-foot space at 1906 […]
Lee Enterprises rejects Alden’s $144M purchase offer
Lee Enterprises Inc.’s board unanimously rejected Alden Global Capital‘s $144 million buyout offer made last month, saying it “grossly undervalues” the company and its newspapers, which include 31 publications in Virginia. “The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today, as the fastest-growing digital subscription plat[...]
For 2nd year in row, Martin Agency is Adweek U.S. agency of the year
Richmond advertising firm The Martin Agency has been named Adweek’s U.S. agency of the year for the second time in a row, the publication announced Sunday night. It is only the third agency to achieve consecutive wins, according to Adweek. Among the reasons for Martin’s 2021 win are its work for new accounts Terminix, Hasbro […]
Appian CFO to retire in 2022
Mark Lynch, Appian Corp.’s chief financial officer, will retire effective March 31, 2022, the McLean-based cloud computing company announced Friday. Appian will fill the position through an executive search process. Mark Matheos, the company’s senior vice president and global controller, will be promoted to chief accounting officer effective Dec. 31. Lynch joined Appian in 2009 [&helli[...]
New Va. unemployment claims fall by 50%
The state’s new unemployment claims for the filing week ending Nov. 27 fell by about 50% from the previous week, while continued claims rose by more than 7,000 filings. The Virginia Employment Commission installed a new unemployment insurance system in November, and it missed two weeks of reports during that period. According to the VEC’s […]
In memoriam: Va. Gov. Linwood Holton
The iconic fall 1970 photo of Virginia Gov. Linwood Holton escorting his daughter Tayloe to majority-Black John F. Kennedy High School is the enduring image of the Republican governor’s term. “He was fiercely independent,” says A.E. Dick Howard, the University of Virginia law professor who led the 1970 campaign to ratify a new state Constitution […]
2021 Political Roundtable: Surfing Va.’s red wave
The day after Election Day, Virginia Business’ six Political Roundtable panelists hashed out what they think the next year will be like in a Richmond where Republicans are roaring back to power. Gov.-elect Glenn Youngkin, a first-time political candidate and multimillionaire former private equity CEO, defeated former Gov. Terry McAuliffe, leading a GOP sweep of […]
Newsroom unions urge Lee to reject Alden’s offer
A dozen Lee Enterprises newsroom unions, including three in Virginia, wrote an open letter to company management Monday, urging Lee to reject Alden Global Capital‘s purchase offer of approximately $144 million. “Alden has cut their staffs at twice the rate of competitors, resulting in the loss of countless jobs,” the letter reads. “They’ve fostered unhealthy […[...]
The kids are getting better
Richmond-based health care company StageZero Life Sciences Ltd. has teamed up with a nonprofit started by legendary The Who frontman Roger Daltrey to improve diagnosis and survival rates of teens and young adults with cancer. StageZero developed Aristotle, an mRNA multicancer panel that screens for several types of cancer in a single blood sample. The […]
Alden Global Capital seeks to buy Lee Enterprises for $144M
Alden Global Capital, the hedge fund that owns The Virginian-Pilot and Daily Press in Virginia, has proposed purchasing Lee Enterprises, the Iowa-based owner of the Richmond Times-Dispatch and most other major Virginia newspapers, for approximately $144 million, Alden announced Monday. If accepted, the $24 per share purchase price would consolidate 12 of Virginia’s daily legacy […]
