Beacon sells Channel Center piece at loss
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Alan Leventhal's Midas touch didn't work on one property in Boston. The Boston real estate executive and his firm Beacon Capital Partners LLC, which has made a bundle buying and selling big commercial properties such as the John Hancock Tower, unloaded a loser yesterday for $19 million less than it paid for it.
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Circuit City Stores Inc., which has lost market share to Best Buy Co. Inc. and continues to report disappointing sales, received a $3.25 billion cash buyout offer from a Boston investment firm known for rattling management at underperforming companies.
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NORFOLK, Va. -- The family that owns Landmark Communications will announce as early as Thursday that it plans to sell the company, which owns the Weather Channel and nine daily newspapers, according to its flagship newspaper, The Virginian-Pilot.
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Beacon Capital Partners LLC has agreed to buy Bay Colony Corporate Center, a prominent office complex on Route 128 in Waltham, for $274 million, according to real estate executives involved in the deal.
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The satellite radio provider has gotten ahead of itself, but selling now would be a mistake.
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By Timothy C. Barmann; Journal Staff Writer  The broadcaster, which has two stations in Providence, signs a deal with a company that offers a service similar to Youtube.com.   * * *   LIN TV Corp.
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With XM and Sirius, a good product was created, but a lot of money was wasted in the process.
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Frontline Communications has gone out of business. A payment of $128 million to proceed with its bidding in government spectrum auctions was due last week.
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BenQ blamed poor product management for racking up losses of over â¬840 million ($1.07 billion) at its mobile division, BenQ Mobile.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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The Weather Channel, one of the last privately owned cable channels, is being put up for sale and could fetch $5 billion.
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Walloped by charges, Boston Scientific posts a loss for the quarter.
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By Kurt Blumenau, The Morning Call, Allentown, Pa.  Sep. 15--Tribune Co. said Thursday it will sell a Boston TV station,  WLVI-Channel 56, in the latest step of a campaign to dispose of non-core  assets.   Sunbeam Television Corp. of Miami will buy the station for $113.7  million.
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Thousands of Americans have defected to satellite TV as the providers have reported hefty gains while the cable industry has declined. Consumers likely will see aggressive marketing promotions in the next six months as companies jockey for customers, analysts say.
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LONDON  - A wireless message relayed to a ship rescuing survivors from the Titanic - and sent by Guglielmo Marconi, the creator of wireless radio - was sold for almost &#36;5,500 Cdn Thursday at a British auction house.
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The carrier sells its shares at a steep discount to the market price.
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Google buys a mapquest of its own. Also: Sharp takes us to the future of television in 3-D & hellip;.  PayPal finds a way to make amends for mistakes & hellip;. and more.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.