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March 2014 Archives

Virginia company agrees to $1.6 billion deal

Media General Inc., a firm based in Virginia, has recently agreed to acquire Texas-based LIN Media LLC at an approximate price of $1.6 billion. Adjusted for an additional $968 million of debt, the acquisition will cost Media General approximately $2.6 billion. This deal is one of many recent acquisitions of local-television broadcasters across the country. In the past year, both Tribune Co. and Gannett Co. have made similar moves.

Eastman Chemical Co. to strengthen distribution with acquisition

Eastman Chemical Co. announced the planned acquisition of the Virginia business, Commonwealth Laminating & Coating Inc., which is a manufacturer of window and specialty films. Eastman is located in Tennessee and employs more than 1,500 people in Longview.

Virgina restaurant forced to close

A restaurant in Virginia Beach has shut its doors after the owner became involved in business litigation. The restaurant and live music location, known as the Jewish Mother, closed a location in the Hilltop district. However, the owner still has plans to open another branch in Williamsburg.

Lisa Kudrow's ex-manager wins $1.6 million lawsuit against star

Actress Lisa Kudrow is best known for her role as Phoebe on the popular 90s sitcom, "Friends," and it was money earned during this time that was the subject of a lawsuit against her. Kudrow's former manager alleged that his client had failed to pay him fees owed from her earnings from "Friends." She played Phoebe throughout the entire run of the show that was hugely popular in Virginia and around the country. He claimed that Kudrow was in breach of contract, according to KABC. A jury in the civil suit sided with the manager. Kudrow has been ordered to pay him $1.6 million.

Summons claims Courtney Love owes her doctor

Virginia residents may follow the activities of Courtney Love, a member of the band Hole, and be interested in a New York summons that was recently filed against her. The summons, filed by a psychiatrist, states that the singer owes $48,250.00, plus costs, interest and lawyer fees.

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