Business

Business In Brief - November 6, 2007

Bi-Lo Super Store to open Wednesday

A Bi-Lo Super Store will host its grand opening Wednesday with a ribbon-cutting ceremony, the company has announced.

The store, at 2186 Cherry Road, Suite 101, is at the former Rock Hill Mall site. The grocer will close its current Cherry Road store once the new store is open. In addition to groceries, the store will sell housewares, clothing and other items.

Wednesday's ribbon-cutting is at 8 a.m. For more details, call 366-7050.

Marchi to leave Springs Memorial Hospital

LANCASTER -- Angela Marchi, CEO of Springs Memorial Hospital, has announced she will be leaving the hospital at the end of November.

Marchi has been promoted within Community Health Systems to be the CEO of a 369-bed hospital in Easton, Pa.

"It is with very mixed emotions that I am announcing my promotion," Marchi said in a press release. "I have been made very welcome in Lancaster County. Springs Memorial and the people associated with it make an incredible impact on this community. With or without me, the hospital will continue to play a vital role in the lives of many in this area."

The 27-year health-care veteran and registered nurse, who is a Pennsylvania native, has been at SMH since August 2006. Prior to being the CEO of SMH, she was the CEO at Salem Hospital of N.J. Prior to joining Community Health Systems, Marchi was affiliated with Ardent Health Services, where she was named CEO of the Year in 2004, and her hospital was Hospital of the Year in 2005.

CPA Marsha LePhew on national committee

Rock Hill accountant Marsha LePhew has been appointed to serve as a member of the American Institute of Certified Public Accountants' Investment Committee for the 2007-2008 committee year.

The national committee, comprised of eight individuals, ensures investment plan assets of the AICPA. Employees are invested in full compliance with the law and for the exclusive benefit of plan participants and beneficiaries.

LePhew's accounting and financial planning-investment advisory firms are located at 452 Lakeshore Parkway.

HealthSouth Rehab endorses Spratt bill

HealthSouth Rehabilitation Hospital of Rock Hill recently announced its support for federal bill HR 1459, co-sponsored by U.S. Rep. John Spratt, to protect patient access to inpatient rehabilitative care.

The Preserving Patient Access to Inpatient Rehabilitation Hospitals Act of 2007 is a bipartisan bill designed to prevent further erosion of access to inpatient rehabilitation.

Lancaster's Lunch and Learn returns Wednesday

LANCASTER -- The third session of Lunch and Learn, a seminar series for small business representatives sponsored by the Small Business Council of the Lancaster County Chamber of Commerce, will be at noon Wednesday.

The program topic, "Retirement Programs for Small Businesses," will be led by Matt Dover of Founders Federal Credit Union at JoMars Restaurant. The only charge for this session will be each individual's lunch cost. The seminar should end by 1 p.m.

"Retirement Programs for Small Businesses" will look at the retirement plan options available to small businesses, including 401Ks, simple IRAs, SEPs, etc.

Reservations for the Wednesday luncheon are requested by contacting the chamber office, (803) 283-4105.

Record Storage Systems adds shredding service

FORT MILL -- Record Storage Systems will have a ribbon-cutting at noon today at 14620 Carowinds Boulevard. The event is designed to celebrate adding document shredding to the business.

Record Storage Systems is a locally owned, full-service data center and records management company that has been in business since 1984. Record Storage Systems primarily offers off-site document storage, electronic media storage/rotation and document imaging.

For more information, call (704) 588-2820 or visit www.recordstorage.com. The York County Regional Chamber of Commerce is assisting with the event.

Carowinds to add wave pool at water park

CHARLOTTE -- Carowinds' Boomerang Bay water park will undergo its second multimillion-dollar expansion in three years for the 2008 season, adding a 600,000-gallon wave pool, rental cabanas and other amenities prior to its opening in May.

Bondi Beach, Carowinds' second wave pool, will total 34,000 square feet, 9,000 more than the existing Great Barrier Reef wave pool. The pool will feature 275 feet of "beach frontage" and will be 6 feet deep at its deepest point. The attraction is named after the world-famous Australian beach located less than 5 miles from Sydney. The park also plans the addition of 16 rental cabanas around the new wave pool.

Parsons to step aside as Time Warner CEO

NEW YORK -- Jeff Bewkes will succeed Dick Parsons as the CEO of Time Warner on Jan. 1, the company announced Monday, completing a widely anticipated succession at the top of the world's largest media conglomerate.

Parsons, who is 59 years old, will stay on as chairman. He had taken over in 2002, just as the company was reeling in the aftermath of its disastrous decision to be acquired by AOL.

Bewkes, who is 55, was chief executive of HBO for seven years and helped transform the cable TV channel into a hugely profitable network.

Circulation falls again at major U.S. newspapers

NEW YORK -- Circulation fell 2.6 percent at major U.S. daily newspapers in the six months ending in September, according to figures released Monday, the latest decline as readers continue to migrate to the Internet.

In an effort to highlight their own growing presence on the Web, more than 100 large newspapers also began releasing new sets of data for the latest six-month reporting period that measure the size and reach of their online audiences.

Despite declines, USA Today kept its place as the largest daily paper in the country. The Wall Street Journal was No. 2, and the New York Times was No. 3.

Two newspapers that gained circulation were the Los Angeles Times and The Philadelphia Inquirer.

, which clocked a 2.3 percent gain to 338,260, making it the 16th largest paper by circulation. The Inquirer and the Philadelphia Daily News were bought last year by a group of local business people led by Brian Tierney, a former advertising executive.

According to an analysis of the 538 daily U.S. newspapers that reported average weekday paid circulation to the Audit Bureau, Monday-through-Friday circulation fell 2.6 percent in the six month period. For the 609 newspapers reporting Sunday figures, Sunday circulation fell 3.5 percent.

With print circulation on the decline and more of their readers going online, many newspaper publishers have been seeking to emphasize their online reach. Revenues from online advertising have also been growing at many publishers, but not enough to make up for the declines in print advertising.

In the data released from the Audit Bureau Monday, 112 major papers began reporting for the first time sets of print and online audience measurements based on surveys done by Scarborough Research. Another 94 smaller papers participated partially in the supplemental reporting method.

The new reporting system was a joint effort by the Newspaper Association of America, a newspaper industry group; Scarborough Research, a syndicated research firm; and members of the Audit Bureau of Circulations, a circulation measurement group whose board includes publishers as well as major advertisers. The new data also presents combined print and online reach.

As an example, The Boston Globe, which is owned by The New York Times Co., reported print readership of 1.9 million in its designated market, meaning the number of people who read the paper, not just those who bought it.

Online readership in the market was 1 million, and combined print and online readership number was 2.3 million, which takes into account the overlap of some people who read both print and online versions of the newspapers.

Separately, the Globe also reported a monthly average of 4.2 million unique users on its Web site, but those readers could have been located anywhere in the world. The readership figures only count those located in the Globe's home market of Boston. By comparison, the Globe's print circulation fell 6.7 percent in the period to 360,695.

Newspaper publishers argue that they should be measured by the size of their audience, as other media such as television are, rather than the number of units they sell. "We're trying to supply a richer look at the newspaper audience, and not focus on one single element," said John Kimball, chief marketing officer of the Newspaper Association of America.

The Chicago Sun-Times again did not report circulation figures, following its censure in 2004 for misstating circulation figures.

The New Orleans Times-Picayune resumed reporting circulation in the Audit Bureau's twice-yearly survey for the first time since Hurricane Katrina hit the city in the late summer of 2005. The paper reported average weekday circulation of 179,912, down from the last time the paper reported circulation pre-Katrina, with 261,573.

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