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Home>Richard Foster

Richard Foster

[email protected]

Recent Articles from Richard Foster

Tegna to sell for $5.4B to hedge fund
News May 22, 2023

$5.4B Tegna sale is terminated

The deadline has expired on hedge fund Standard General LP’s $5.4 billion bid to acquire Tysons-based publicly traded broadcasting giant Tegna Inc. The largest owner of NBC affiliates, Tegna has 64 television stations in 51 U.S. markets and reaches 39% of all television households nationwide. The stalled agreement was terminated after the acquisition‘s deadline expired […]

October 2022 Virginia Business issue cover
News May 7, 2023

Virginia Business wins 18 Va. Press Association awards

Virginia Business won 18 awards in the Virginia Press Association’s 2022 News & Advertising Contest, taking a Best in Show prize for illustration and sweeping the News Writing Portfolio category, the state organization announced Saturday. The annual contest recognizes excellence in design, writing, photography, illustrations and advertising in participating publications across Virginia f[...]

2022 Political Roundtable: Red wave? Maybe a puddle
News November 10, 2022

2022 Political Roundtable: Red wave? Maybe a puddle

On balance, Democrats came out winners in the 2022 midterm elections, having staved off a widely forecast “red wave” of Republican victories, according to panelists at Virginia Business’ annual Political Roundtable, held Wednesday, Nov. 9, in Richmond. The idea of a red wave or “red tsunami” was “perhaps … a bit of a myth … […]

Mighty Dream Day 1 focuses on diversity, equity
Economic Development November 1, 2022

Mighty Dream Day 1 focuses on diversity, equity

Grammy winning music superstar Pharrell Williams put on his business hat Tuesday in Norfolk, welcoming attendees to his Mighty Dream forum, which he likened to an event like the World Economic Forum in Davos, Switzerland, “but for marginalized communities.” The three-day forum kicked off with spoken-word poetry and a mighty boom of drums and crash […]

Virginia Business wins national awards for writing, design
News June 12, 2022

Virginia Business wins national awards for writing, design

Virginia Business won two national journalism awards Saturday during The Alliance of Area Business Publishers’ (AABP) 2022 Editorial Excellence Awards ceremony, held in Columbus, Ohio. Former Virginia Business Deputy Editor Rich Griset placed silver in the Best Body of Work, Single Writer category for feature articles including his May 2021 cover story profile of MicroStrategy […]

Parsons Corp. names new CEO
Federal Contracting May 23, 2022

Parsons to acquire Xator for $400M

Parsons Corp., a Centreville-based federal contractor specializing in technology-focused defense, intelligence, security and infrastructure engineering, has entered into a definitive agreement to acquire Reston-based Xator Corp. for $400 million, the company announced Monday. Founded in 1944, Parsons is a publicly traded Fortune 1000 corporation with more than 16,000 employees working in 24 nation[...]

Default Alt Text
News September 30, 2019

The racehorse has left the barn

Inside view from the Editor

News September 30, 2019

VCU holding 29th Real Estate Trends Conference

Speakers will address economic trends and cities as a service.

Altria's headquarters in Henrico County
News September 25, 2019

Altria and Philip Morris International end merger talks

The two companies will partner on bringing heated IQOS tobacco device to market in the U.S.

News September 23, 2019

Joint venture acquires 27 properties for $205 million

Assets totaling 3.3 million square feet are located in 15 states.

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Top Stories

Supreme Court allows Trump’s federal job cuts plan

Supreme Court allows Trump’s federal job cuts plan

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for President Donald Trump’s[...]

Dollar Tree retail store

Dollar Tree completes $1B Family Dollar sale

Dollar Tree on Monday announced it has completed the sale of its Family Dollar business segment for [...]

Carilion Clinic raises $96M for cancer center

Carilion Clinic raises $96M for cancer center

Carilion Clinic is counting on public support to reach its $100 million goal to build a six-story ca[...]

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Emerson to lay off 87 workers in Charlottesville

Emerson Electric plans to lay off 87 workers at its Charlottesville manufacturing facility, starting[...]

Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced

Virginia senators seek injunction against seating 8 rejected BOV appointees

State senators ask for injunction so eight university board appointees can't be installed at three V[...]

Reshoring manufacturing is one of President Donald Trump’s priorities

Reshoring manufacturing is one of President Donald Trump’s priorities

President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as tha[...]

People

Fred Pasquine. Photo courtesy Fairlead

Fairwinds Landing partner promotes new CEO

9/7/2025

A man wears a navy blue blazer and a green tie.

Dominion promotes Baine to EVP of utility operations

1/7/2025

Virginia 500 July 2025 Spotlight: Michael J. Lutes

Virginia 500 July 2025 Spotlight: Michael J. Lutes

29/6/2025

Regions

Frederick prepares for data center development

Frederick prepares for data center development

Increasingly, data center developers are eyeing sites in parts of the commonwealth outside Northern [...]

Officials envision new life for shuttered state campus

Officials envision new life for shuttered state campus

Summary CVTC closed in 2020, costing the region 1,600 jobs and $87M. Redevelopment plan envisions ho[...]

Post GreenCity, Henrico tries again

Post GreenCity, Henrico tries again

Henrico revives arena plans after GreenCity collapse, targeting a 17,000-seat venue by 2028 amid law[...]

$35B Capital One-Discover merger closes

$35B Capital One-Discover merger closes

McLean-based Capital One Financial completed its $35.3 billion acquisition of Discover Financial Ser[...]


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