The Kansan - Newton, KS
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  • Hubbard to observe world-renowned doctor in Atlanta
    Sean Hubbard, D.C., with Hubbard Chiropractic Clinic in Newton, has been invited to attend patient rounds in Atlanta with world-renowned concussion specialist Frederick R. Carrick, D.C., Ph.D., distinguished professor of neurology with Life University.
    “Dr. Hubbard is excited to bring back invaluable knowledge to his patients, especially those suffering from concussion, balance and dizziness disorders,” a news release stated.
    In addition, Hubbard currently is taking a 250-hour concussion certification series under Dr. Carrick in Atlanta.
    Hubbard Chiropractic is at 1112 N. Main in Newton. For more information, call 804-4541.
    Petitjean honored with Order of the Diamond Circle
    Michael Petitjean and his wife, Carol, recently attended the 64th general convention of Phi Sigma Kappa Fraternity in Palm Springs, Calif.
    At the final awards banquet, the Order of the Diamond Circle award is presented to an undergraduate recipient who has displayed outstanding performance in the areas of chapter, campus and community involvement and scholastic achievement. The Order of the Diamond Circle award is Phi Sigma Kappa’s highest award given out each year to one undergraduate student in honor of one alumnus.
    This year’s distinguished chair award was named in honor of Mike Petitjean for his long-standing support of Phi Sigma Kappa Fraternity. Professionally, Petitjean is a financial advisor with Petitjean, Whitfield & Associates, a financial advisory practice with Ameriprise Financial Services in Newton.
    Petitjean has been actively involved with the fraternity and Emporia State University since 1966, when he became a member of the fraternity. He has served in various fraternity positions, both appointed and elected. In the 1980s, he was national vice president during the merger of Phi Sigma Epsilon and Phi Sigma Kappa. He has served as the Emporia chapter’s Phi Sig Alumni Association secretary for more than 40 years.
    Petitjean’s wife, Carol, also is an alumnus of Emporia State and is a member of Alpha Sigma Alpha Sorority. They have three children, Nathan, Amy and Allison, and seven grandchildren.
    Bunting Europe to show equipment in U.K.
    Bunting Magnetics Europe, part of the Bunting Magnetics Group — producer of precision magnetic products for the worldwide recycling, food, printing, automobile, plastics, and electronics industries — will exhibit a variety of products at RWM, the largest recycling and waste management trade show in the United Kingdom. The event attracts attendees from all over the world and is being held in Birmingham on Sept. 10-12.
    Featured on Stand 20B09-A08 will be an assortment of magnetic separation equipment specifically designed for the recycling industry. This includes crossbelt separators, drum magnets, magnetic pulleys and magnetic plates for ferrous metal separation and eddy current separators for nonferrous metal removal.
    Page 2 of 2 - Experienced Bunting personnel will be on hand to discuss existing and new applications which require an optimized metal removal system. The exposition also will provide a perfect opportunity for visitors to experience a new magnetic separation website which will be launched at the show.
    Commenting on the RWM showing, Carlton Hicks, U.K. sales manager for separation and detection, said: "RWM is a highly recognized event in the recycling world and provides Bunting the perfect platform to showcase our equipment for the recycling industry. We look forward to meeting with our existing and new customers to discuss how Bunting equipment can help achieve the standards of separation that the recycling and waste industry has come to expect."
    GateHouse announces possible debt restructuring
    Newcastle Investment Corp., which owns just over half of GateHouse Media Inc.’s debt, announced Sept. 4 it had reached an agreement with other debt-holders to potentially restructure GateHouse’s $1.2 billion debt.
    The announcement comes on the heels of the news Newcastle bought the Dow Jones Local Media Group from News Corp. for $82 million.
    GateHouse Media owns The Newton Kansan.
    GateHouse Media will manage the Local Media Group newspapers, which include 33 local publications, including eight daily and 15 weekly newspapers, in seven states. GateHouse Media is an affiliate of Fortress Investment Group, Newcastle’s manager. Newcastle is a trust that focuses on investments and management of real estate and other debt, as well as senior housing.
    GateHouse Media is one of the largest publishers of locally based print and online media in the United States, with a portfolio of products that includes more than 400 community publications and approximately 350 related websites.
    The agreement among the debt-holders contemplates that GateHouse Media’s debt restructuring would be under a prepackaged plan. As part of the proposed restructuring, Newcastle expects to convert its GateHouse Media debt into GateHouse Media stock, and other debt-holders will have the option to convert their debt into GateHouse Media stock or cash at 40 cents on the dollar.
    Newcastle also will consider a spin-off of Local Media Group and GateHouse Media interests to form a new publicly traded company, called New Media, which has an expected equity value of $390 million. As contemplated, Newcastle would then own 59 percent of New Media.
    New Media could invest $1 billion to acquire local media assets over three years.
    Earlier this year, GateHouse Media disclosed it was evaluating capital structure alternatives in advance of its debt becoming due in August 2014.
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