Dominion Enterprises Completes Company Formation.NORFOLK, Va. -- Co-Owners of Trader Publishing Co. Finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... Division of Assets Ask a Lawyer Question Country: United States of America State: California My father is dying of cancer and refuses to draft a will. All his assets will go into intestate territory when he dies. ; The Employment Guide(R) Now Part of New $850 Million Company Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Enterprises, publisher of The Employment Guide (www.EmploymentGuide.com), said today that it has completed the transaction announced in March to divide the assets of its predecessor company, Trader Publishing Company, between 50-50 co-owners Landmark Communications Landmark Communications is a privately held media company headquartered in Norfolk, Virginia and specializing in cable television, broadcast television, print publishing, and internet publishing. , Inc., Norfolk, Va., and Cox Enterprises Cox Enterprises is the successor to the publishing company founded in Dayton, Ohio, by James Middleton Cox, who began with the Dayton Daily News. The company is private, 98% controlled by the octogenarian daughter of Cox, Anne Cox Chambers, and the two children of her late , Atlanta, Ga. The completion of this agreement gives Landmark 100-percent ownership of the media and information service properties in the employment, real estate, recreation, and industrial categories. Landmark's assets now form a new company called "Dominion Enterprises." "We chose the name Dominion Enterprises to reflect our heritage as a Virginia-based company, as well as for its broad scope since our businesses span a wide variety of print and Internet assets," said Chief Executive Officer Conrad M. Hall. "The Employment Guide is now part of new media company that is committed to providing people with easy-to-access, reliable information so that they can make educated decisions in life -- whether it's a buying home, seeking employment or making a major purchase for recreation such as a boat, motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. or RV." "The Employment Guide is positioned well to contribute to the growth and development of our new company, Dominion Enterprises," said Jeff Littlejohn, Vice President/General Manager of The Employment Guide. "We have a solid business plan for 2007 that includes many exciting new business initiatives." In addition to The Employment Guide, Dominion Enterprises' assets include: 503 paid and free magazine titles such as For Rent(R), Harmon Homes(R), Boat Trader(R), Cycle Trader(R) and RV Trader(R) with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com(R), Boats.com, and Traderonline.com(TM) reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties(R); and web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. businesses across all the company's industry categories, including Homes.com(R) and Yachtworld.com(R). As part of the agreement, Dominion will also own Dominion Distribution Services (DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S ), formerly Trader Distribution Services, which operates the company's network of free distribution racks located in supermarkets, mass merchandisers and other national retail chains. DDS is the nation's largest distributor of free publications in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , delivering over 225 million magazines and other free media annually. "Dominion Enterprises has industry-leading positions in all of its businesses," said Hall. "Going forward, we will build on these positions through organic growth and strategic acquisitions. We will seek to invest in companies that complement our existing businesses or that represent high-growth opportunities in their own right. These acquisitions may include companies outside of our current media and information services See Information Systems. segments." Prior to the division of assets by Landmark and Cox, Trader Publishing Company had annual revenue of $1.3 billion. Approximately $850 million of this revenue figure will now form the annual revenue base of Dominion Enterprises. Dominion Enterprises is expected to move into new company headquarters located in downtown Norfolk in January 2007. Nearly 1,000 of Dominion's 6,600 employees work in the Norfolk/Hampton Roads area. Concluded Hall, "We greet the start of Dominion Enterprises with confidence in our ability to maintain the same high standards, work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work , and commitment to customers that has been our hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. ." About Landmark Communications (www.landmarkcom.com) Based in Norfolk, Virginia Norfolk is an independent city in the Commonwealth of Virginia, in the United States of America. With a population of 234,403 as of the 2000 census, Norfolk is Virginia's second-largest incorporated city. , Landmark Communications, Inc. is a privately held diversified diversified (di·verˑ·s media company which owns The Weather Channel Companies, which include The Weather Channel network, weather.com, and Weather Services International, as well as newspapers, television stations and various Internet businesses. Landmark's businesses employ more than 5,000 people. About Dominion Enterprises Dominion Enterprises, headquartered in Norfolk, Va., is a leading media and information services company serving employment, real estate, recreation, and industrial markets in the United States. The company has 503 paid and free magazine titles such as For Rent, Harmon Homes, The Employment Guide, Boat Trader, Cycle Trader and RV Trader with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com, Homes.com, and Traderonline.com reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties; and web services businesses across all the company's industry categories. The company has 6,600 employees nationwide and estimated 2006 annual revenue of $850 million. For more information on Dominion Enterprises, visit www.dominionenterprises.com. About The Employment Guide (www.EmploymentGuide.com) The Employment Guide and EmploymentGuide.com offer a winning combination of recruitment solutions to target hourly workers. With 76 weekly employment magazines in 73 markets nationwide, an award-winning national online job board, and more than 185 annual job fairs, The Employment Guide and EmploymentGuide.com will meet all of your hourly recruitment needs. |
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