Gaylord Falls on Hiccups at New Resort and Fisher Communications Appoints Larry Roberts Regional Vice President & General Manager
City of Industry, CA --(www.USEquityNews.com)-- 04/14/2008 - Media entertainment industry alert provided by U.S. Equity News. Gaylord Entertainment Co.'s (NYSE: GET) stock tumbled Friday as an analyst cautioned that its newly opened resort could feel pressure in the second and third quarters from early operating issues. The hospitality and entertainment company's Gaylord National Resort and Convention Center in the Washington D.C. area faced some hiccups during its startup, including hotel rooms being completed hours before occupancy and mice coming into the property due to a poor building seal, Wachovia Capital Markets' Jeffrey Donnelly said in a client note. The issues led to refunds on top of rates that were already reduced due to construction risk.
Shares of Walt Disney Co. (NYSE: DIS) fell Friday after an analyst said a weak economy might hurt the typically recession-proof media conglomerate this time around. The company typically reports strong annual earnings growth, but analysts say that might change in 2008. Cowen and Co. analyst Dough Creutz said in a note to investors on Friday that Disney's parks and resorts are the business segments most exposed to a weak economy.
Fisher Communications, Inc. (NASDAQ: FSCI) announced recently that it has appointed Larry Roberts Regional Vice President and General Manager. Mr. Roberts will be based in Boise where he will serve as General Manager of Fisher's CBS affiliate, KBCI-TV, and Telefutura affiliate, KUNB. He will also work directly with the leadership teams at Fisher's CBS and Univision affiliated television stations in Yakima, Tri-Cities, and Walla Walla, WA, and in Idaho Falls and Lewiston, ID. "Since October 2007, Larry has been leading Fisher's Yakima and Tri-Cities stations and has had a meaningful impact on the performance of this group. We are excited to expand his role," says Robert I. Dunlop, Senior Vice President of Fisher Communications, Inc.
EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.
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