Charleston-based Evening Post Industries announced Tuesday it is seeking a buyer for the newspapers it owns in North Carolina, including The Salisbury Post, The Davie County Enterprise Record and The Clemmons Courier. The company has owned the group since 1997.
“Evening Post Industries currently derives most of its revenue from broadcast television and newspaper operations,” said CEO John Barnwell. “We are in the process of diversifying into other business segments, and the proposed sale of these media assets represents the natural progression of our strategic plans.”
He added: “We have enjoyed a long and prosperous relationship with our business partners in the greater Salisbury area. The Salisbury Post and its weekly affiliates have a long history of excellence in journalism and leadership within the communities they serve. We look forward to their continued success under new ownership.”
The company has engaged Cribb Greene & Associates, a newspaper brokerage consultant, to assist with the sale. Evening Post Industries also owns The Post and Courier.
NEW YORK — The prospect of more economic stimulus from the Federal Reserve pushed the Standard & Poor’s 500 index to a fourth consecutive record close Tuesday.
The economy added 148,000 jobs in September, the Labor Department reported Tuesday, lower than expected. In the absence of stronger job growth, he Fed is unlikely to stop its stimulus effort anytime soon.
The S&P 500 rose 10.01 to close at 1,754.67. The Dow Jones industrial average rose 75.46 to 15,467.66. The Nasdaq was up 9.52 at 3,929.57.
SAN FRANCISCO — Apple is refreshing its iPad lineup and slashing the price of its Mac computers ahead of the holiday season, as it faces an eroding tablet market share and growing competition from rivals.
The company unveiled a new, thinner, lighter tablet called the “iPad Air” along with a slew of new Macs Tuesday.
The product reveal comes as iPad’s market share has been eroding, compared with cheaper rivals running Google’s Android operating system.
NEW YORK — Amazon.com customers will need to spend more money on the site in order to qualify for free shipping. The online retailer raised the minimum order size needed for free shipping to $35 from $25.
Amazon.com says it’s the first time it has increased its free shipping minimum in more than a decade.
MINNEAPOLIS — Delta Air Lines made more than a billion dollars in the third quarter as more passengers paid a little bit extra to fly. The airline is seeing strong holiday bookings, and the “revenue environment appears solid through the end of the year,” said Ed Bastian, president.
Delta’s net income jumped 31 percent to $1.37 billion. Revenue rose 6 percent to $10.49 billion, about what analysts were expecting. Delta is largest carrier at Charleston International.
COLUMBIA — AT&T is hiring for dozens of new jobs in South Carolina. The telecommunications company said Tuesday that it will hire about 60 new technician and retail positions. The openings are a mix of technician and retail positions across the state.
AT&T said it’s invested nearly $140 million in its networks in South Carolina in the first half of this year. It currently employs more than 2,400 employees in the state. Go to http://att.jobs/ for details about the openings.
Staff and wire reports