barrington broadcasting group , llc , headquartered in schaumburg , illinois was an american corporation focused on broadcast television , primarily in middle and small size media markets .

barrington owned or operated via duopoly twenty-four television stations , with the potential to reach 3.4 percent of households in the u.s .

it was owned by pilot group , a private equity firm .

barrington broadcasting

1 owned by tucker broadcasting , barrington operated wgtu under a local marketing agreement .
2 owned by granite broadcasting , barrington operated wtvh under a local marketing agreement .
3 owned by sagamorehill broadcasting , barrington operated wwmb under a local marketing agreement .
glassdoor gives you an inside look at what it ' s like to work at barrington broadcasting , including salaries , reviews , office photos , and more . this is the barrington broadcasting company profile . all content is posted anonymously by employees working at barrington broadcasting .
several links exist between barrington broadcasting and the now - defunct benedek broadcasting . barrington broadcasting ceo k . james yager had been president of benedek broadcasting and barrington ' s headquarters had served the same purpose for benedek . also , whoi and khqa , the purchase which started the company , were both former benedek stations .
( * * ) – indicates that it was acquired by barrington broadcasting as its founding stations .
chesapeake will be conducted as a continuation of barrington utilizing their current headquarters and barrington staff members .
the average salary for barrington broadcasting is $ 104 , 219 per year , ranging from $ 63 , 235 to $ 129 , 506 . compare more salaries for barrington broadcasting at paysa . com .
the average salary for barrington broadcasting in chicago , il is $ 122 , 933 per year , ranging from $ 65 , 906 to $ 154 , 179 . compare more salaries for barrington broadcasting in chicago , il at paysa . com .
sinclair broadcast group inc . has closed its $ 370 million acquisition of 18 television stations owned by barrington broadcasting group llc .
the station issued a joint press release with wstm channel 3 stating that both studios are now operated by barrington broadcasting group , llc . before monday , wtvh channel 5 was owned and operated by granite broadcasting corp . and barrington owned wstm channel 3 .
weyi nbc 25 is slated to change ownership , as purchase plans have been finalized between sinclair broadcast group and barrington broadcasting group .
the current report is being furnished pursuant to the indenture governing the 10½ % senior subordinated notes due 2014 ( the
notes
) co - issued by barrington and barrington broadcasting capital corporation .
hoffman estates , il - - ( marketwire - december 23 , 2010 ) - barrington broadcasting group llc (
barrington
) announced today that it will post a current report ( the
current report
) on barrington ' s website today ( urltoken ) .
in addition , on january 1 , 2008 , pilot group lp ( “pilot group” ) and barrington company entered into the first amendment to the amended and restated limited liability company operating agreement ( as amended , the “parent operating agreement” ) of barrington . pursuant to the parent operating agreement , barrington company’s contingent profits interest in barrington was amended , requiring barrington to make distributions from capital events as follows :
acadia broadcasting proudly owns and operates 14 radio stations in atlantic canada and ontario .
bristlestone broadcasting’s managing member is brian w . brady , who is also the managing member of blackhawk broadcasting , which is the sole shareholder of stainless broadcasting company . stainless controls binghamton fox affiliate wicz and mynetwork affiliate wbpn - lp / wbpn - ld .
barrington broadcasting tunes in where big city tv stations tune out . serving small to midsized markets , the broadcasting company operates more than 20 television stations serving 15 markets in 10 states , including michigan , new york , and texas . most of its stations are . . .
owned by ottumwa media holdings , llc , operated by barrington under a local marketing agreement .
( iv ) fourth , 89 % to pilot group and 11 % to barrington company .
on february 28 , 2013 , barrington announced that it would sell its stations to sinclair .
it didn ' t take long for krcg - tv and its parent company , barrington broadcasting group , to realize that firing longtime sports director rod smith was a big ol ' mistake .
due to federal communications commission rules , sinclair sold fox stations in syracuse , n . y . , and peoria , ill . , to bristlecone broadcasting and cunningham broadcasting corp . , respectively .
agreed to sell twelve of its network - affiliated tv stations to barrington for $ 262 million .
barrington broadcasting company , llc ( best known as barrington broadcasting ) , headquartered in hoffman estates , illinois is an entity wholly focused on broadcast television . the company ' s assets mainly consist of television stations in middle and small sized markets . the company began operations in january 2004 with its purchases of whoi - tv in peoria , illinois , khqa in hannibal , missouri , and weyi - tv in flint , michigan .
officials from sinclair and barrington , as well as their local affiliates , were not immediately available for comment .
sinclair broadcast group closes on acquisition of barrington stations archived december 3 , 2013 , at the wayback machine .
on december 30 , 2003 , barrington broadcasting llc ( “barrington” ) e ntered into a management agreement ( the “management agreement ) with barrington broadcasting company , llc ( “barrington company” ) , which is owned by k . james yager , chris cornelius , warren spector , keith bland and mary flodin , our executive management team . p ursuant to the management agreement , barrington company was retained as the exclusive manager of the television stations owned by and acquired by barrington broadcasting group llc ( the “company” ) . the term of the management a greement expired on december 31 , 2007 . in connection with the expiration of the management agreement , as of january 1 , 2008 , the company entered into employment agreements with each of k . james yager , its chief executive officer , chris cornelius , its chief operating officer , warren spector , its chief financial officer , keith bland , its vice president and mary flodin , its vice president . the material terms of these employment agreements are summarized below .
on february 28 , 2013 , barrington broadcasting announced it would merge with the sinclair broadcast group in a $ 370 million deal . [ 2 ] the sale was completed on november 25 . [ 3 ] [ 4 ]
d . l . m . smith was president of gateway broadcasting co . ltd . and manager of cjls .
4 owned by south sound broadcasting , sinclair programs this station , as a simulcast of komo ( am ) .
yesterday , krcg and barrington broadcasting officially rectified their mistake with the announcement that the 45 - year - old smith will return to the broadcast aug . 4 . smith said they wrapped up negotiations on a new contract tuesday afternoon .
bachelor’s degree preferred in journalism or broadcasting . training in management and newsroom computers required . high school diploma or equivalent required .
smith said this morning that leo henning , a regional vice president for hoffman estates , ill . - based barrington broadcasting , reached out to him less than a week after the firing . the station was bombarded with negative reaction to the move .
in recent years barrington has been at the forefront of integrating social media and the internet into their on - air content .
this will be interesting to see how this all plays out over time . based on the m & a call sinclair conducted . . . . chesapeake will be conducted as a continuation of barrington utilizing their current headquarters and barrington staff members . how much they will identify themselves with sinclair remains to be seen as many stations under barrington are in desperate need of upgraded equipment .
according to a trusted source who spoke to urltoken on a condition of anonymity , it is believed that sinclair and barrington are looking to close on the sale rather quickly , possibly by the end of this week or next . when that happens , sinclair will own wstm and wstq , and it will inherit barrington’s shared services agreement to operate cbs5 ( wtvh ) for granite broadcasting .
people can also check out the history of the new england planters at museums in barrington , cape sable island and woods harbour .
4 / 2006 : announced that barrington broadcasting will be acquiring wtom - tv 4 cheboygan , wluc - tv 6 marquette , wpbn - tv 7 traverse city , wnwo - tv 24 toledo and two upper peninsula translators of wluc from raycom media pending fcc approvals .
owned by south sound broadcasting , sinclair programs this station , as a simulcast of komo ( am ) . full purchase is currently pending .
barrington was formed in 2003 to acquire and operate television stations in smaller markets across the united states . barrington currently owns , operates , or supports the operations of twenty four network affiliated television stations . barrington is owned and controlled by pilot group , with management as its partner . pilot group is a non - traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals .
weyi has been on the air since 1953 , with barrington ownership taking effect in 2004 . wbsf has been on the air since september 2006 .
wnwo - tv , toledo , oh…tim livingston has been promoted to nd for this barrington owned nbc affiliate . he first joined the station eleven years ago as a producer and has worked his way up . he replaces pat livingston ( no relation ) who has been named director of news for owner barrington broadcasting . pat was the nd here for the last year , and has also been an nd in youngstown , oh , and peoria , il .
the barrington stations acquired are in michigan , ohio , illinois , south carolina , new york , texas , colorado , georgia , iowa and missouri .
whoever owns the barrington stations , infrastructure needs to be the top priority . only one barrington - owned station is in hd ( wach fox 57 ) , nine others stations are widescreen . but when you see almost all of the gray & raycom stations operating in hd , this is really pitiful .
. barrington grew slowly at first , adding five more stations between 2004 and early 2006 . a major expansion took place on august 11 , 2006 when
it was nearly a year ago when national tv industry trades first reported the possibility of a sinclair / barrington deal , but nothing was officially announced until the end of february . more than 8 months later , the fcc has approved barrington’s sale of wstm - tv and wstq - lp to sinclair broadcast group .
weyi and wbsf , which are currently owned by barrington , broadcast to a market containing flint , saginaw , bay city and midland , from a headquarters in clio .
the only other minority ownership i can think of is the roberts brothers that own the bankrupt roberts broadcasting ( i ' m sad about this company , i really do ) . and deborah mcdermott is running the new young broadcasting . this is the reason why the current fcc commissioner want to reform the current jsa / ssa to see more minorities own tv stations . but i don ' t think it won ' t change much of the status quo . you know i haven ' t heard anything else about former bayou city broadcasting owner dujuan mccoy , which he stated after he
at sinclair broadcast group inc . ( nasdaq : sbgi ) , we are a leading diversified television broadcasting company . we were founded in 1986 , went public in 1995 and are headquartered in hunt valley , maryland .
ckni , 91 . 9 moncton , new brunswick , was licensed to rogers broadcasting and was on the air in late 2005 as news 91 . 9 , a news / talk format . acadia broadcasting acquired the station from rogers in 2014 and relaunched it with an adult contemporary music sound including a strong focus on news , weather and local happenings every day . ckni - fm 91 . 9 the bend , metro’s perfect music mix .
smith said he also checked out van ness , who took over as krcg vice president and general manager last month after former gm betsy farris - the person who fired smith - announced her retirement in may . van ness has worked in broadcasting since 1981 and previously served in management positions at barrington - owned stations khqa - tv in the hannibal - quincy , ill . , area and whoi - tv in peoria - bloomington , ill .
according to a press release from sinclair , the agreement includes the takeover of a total of 18 stations currently owned by barrington in 15 u . s . markets , while sinclair will provide sales services to an additional 6 stations .
barrington will now provide advertising , sales , promotion , administrative services and some programming for channel 5 , according to the release . the move was cited in the announcement as a consolidation effort that will create more efficiency at the two stations .
syracuse — three local television stations will soon have new owners , after the federal communications commission approved two separate deals which were initially announced in february . barrington broadcasting is selling all of its stations — including syracuse’s nbc3 ( wstm - tv ) and cw6 ( wstq - lp ) to sinclair broadcast group , owner of fox 68 ( wsyt ) . but because fcc ownership limits forbid sinclair from owning all three stations , the company will be shedding itself of wsyt — at least , on paper .
on february 28 , 2013 , barrington broadcasting announced the sale of its entire group , including wluc , to sinclair broadcast group . [ 2 ] the sale was completed on november 25 . [ 3 ] after 30 years of separate ownership , wluc and wluk in green bay were briefly reunited as sister stations on december 19 , 2014 , when sinclair purchased wluk and wcwf as part of required sales of stations by lin media in order to merge with media general , which already owned green bay ' s wbay - tv .
olli , the osher lifelong learning institute at berkshire community college , presents the ninth annual mona sherman memorial lecture featuring bestselling author and longtime abc and npr political analyst cokie roberts at the mahaiwe performing arts center in great barrington . wednesday , may 24 , 2017 .
in the spring , the crtc approved the application by acadia broadcasting to acquire cjls from chris perry and ray zinck . the two had been involved with the station since the early 1970s , and bought it in 1998 . zinck and perry announced their retirement last fall .
it was announced in the fall that radio cjls ltd . would be sold to acadia broadcasting . cjls owner / partners ray zinck and chris perry planned to retire . they purchased the station in 1998 but both had been with the station since the early 1970 ' s .
ten years ago 1233 abc newcastle ' s phil ashley - brown , interviewed people along the hunter river between barrington tops and newcastle harbour . this year phil has gone back to the river to see how much change there has been over the last ten years . more »
gateway broadcasting co . , owned by laurie l . smith , opened cjls on april 1 . cjls broadcast on 1310 khz with a power of 100 watts . studios and transmitter were located on the top floor of the grand hotel . ( ls in the calls : laurie smith )
wluc began broadcasting its news in 16 : 9 widescreen in april 2013 . on september 6 , 2017 , wluc debuted major upgrades to its studio , including a new , larger set and a rebuilt control room . gray invested over $ 1 million into these changes . [ 13 ]
when the deals were first announced earlier this year , sinclair initially announced cunningham broadcasting would be buying wsyt . according to the national trade rbr / tvbr , that changed in august , when sinclair revealed bristlecone would be buying wsyt , for $ 5 million less than cunningham had previously agreed to pay .
executives . with benedek having filed for bankruptcy and divested itself of all television properties in 2002 , former president k . james yager along with senior vice - presidents chris cornelius , keith bland , and mary flodin pooled their talents to create a new company to focus solely on medium and small market broadcasting .
laurie smith , owner - manager of cjls , died february 17 . he was 50 . the cbc board approved the transfer of the cjls licence from the estate of laurie smith to gateway broadcasting co . ltd . gateway was now controlled by laurie ' s wife , jennie and sons , donald and malcom .
in a simultaneous deal , sinclair is selling wsyt to bristlecone broadcasting . an asset purchase agreement filed with the fcc says bristlecone is paying $ 20 million to pick up the fox affiliate , along with sinclair’s long - running shared services agreement with rkm media for my43 ( wnys ) . the deal also includes a purchase option on wnys .
hasn ' t been updated . this proves that barrington hasn ' t done any heavy lifting in any of its properties . what they have done since buying those raycom properties seven years ago ? consolidating in syracuse & peoria , changing a logo in marquette & brought hd to columbia . and that ' s basically it & nothing else .
fox 68 in syracuse to cunningham broadcasting for $ 57 mil ( $ 25 mil for wsyt & $ 22 mil for wyzz ) . nexstar will continue to provide sales & services to wyzz . sinclair will provide services to wsyt , but under a short term basis . i knew these two wouldn ' t be out of the sinclair fold .
cjls , 95 . 5 , yarmouth , nova scotia , a station which has been on the air since 1934 , joined the acadia family in june of 2016 . the station has an adult contemporary music format that reaches residents of yarmouth , digby and shelburne counties with repeaters at 93 . 5 in new tusket and 96 . 3 in barrington .
cjls added fm repeaters at barrington passage ( 96 . 3 mhz – 5 , 500 watts ) and new tusket ( 93 . 5 mhz - 3 , 000 watts ) . wayne leslie joined cjls to begin his radio career . on december 13 , cjls was authorized to increase night - time power from 1 , 000 watts to 4 , 000 watts .
kidk - tv , idaho falls , id …this fisher broadcasting owned cbs affiliate is looking for a new nd to replace ted dawson , who’s held that job since november . ted had been the sports director there before he was promoted to nd . he’ll continue as the station’s sports director . earlier in his career , ted anchored sports for two different los angeles stations .
on august 31 , the crtc administratively renewed the licence for cjls - fm and its transmitters cjls - fm - 1 new tusket , cjls - fm - 2 barrington and cjls - fm - 3 yarmouth until march 31 , 2012 . the crtc approved the change to the ownership of radio cjls limited through the transfer of radio cjls shares from ray e . zinck and christopher r . perry to their respective holding company . this transaction did not affect the effective control of radio cjls , which continued to be jointly exercised by zinck and perry . radio cjls was the licensee of cjls - fm yarmouth , and its transmitters cjls - fm - 1 new tusket , cjls - fm - 2 barrington and cjls - fm - 3 yarmouth .
wluc - dt2 signed - on at some point in late - 2005 ( under raycom media ownership ) carrying the tube music network . after that network shut down on october 1 , 2007 , due to a lack of advertising , nbc weather plus was added . later , weather plus was dropped in favor of universal sports . throughout its association with those three services , wluc - dt2 was carried on charter digital channel 306 . in late 2005 following raycom ' s purchase of the liberty corporation , the company announced wluc would be sold along with fellow nbc station wpbn - tv and full - time satellite wtom - tv serving the northern lower and eastern upper peninsula . the sale was necessary to help meet federal communications commission ( fcc ) restrictions on station ownership . on march 27 , 2006 , raycom sold 12 of its stations ( including wluc ) to barrington broadcasting . the fcc approved the deal in june 2006 and the purchase closed august 11 . wluc joined wpbn / wtom , saginaw ' s weyi - tv , and toledo ' s wnwo - tv as part of barrington ' s family of stations in and around michigan .
cjls was a cbc dominion affiliate and was operating on 1340 khz with power of 250 watts . ownership of gateway broadcasting co . ltd . : donald l . smith 60 . 4 % , mrs . jennie r . smith 39 . 2 % and malcolm j . smith 0 . 4 % . donald l . smith was president of the company , manager and commercial manager of cjls .
on march 20 , the crtc administratively renewed the licence for cjls - fm yarmouth and its transmitters cjls - fm - 1 new tusket , cjls - fm - 2 barrington and cjls - fm - 3 yarmouth to august 31 , 2012 . on august 28 , the licence was administratively renewed to december 31 , 2012 . on december 21 , the crtc renewed the licence to august 31 , 2017 .
kmir - tv , palm springs , ca…jon fischer has left this journal broadcasting owned nbc affiliate after one year as news director . jon previously had spent six years as a news director in salt lake city , started a news department for wftc - tv in minneapolis , worked for abc news in los angeles , and for three different los angeles stations . his replacement will be the fifth news director in six years here .
, armstrong williams is following david smith ' s lead in naming his company . it states that
howard
is named after his mother ' s maiden name and
stirk
is his father ' s middle name . david smith father ' s middle name is obviously sinclair and his mother ' s maiden name is cunningham . also williams will be acquiring wwmb from sagamorehill broadcasting , so sagamorehill will be divesting this station to armstrong .
like many other barrington - owned stations ( including wtom ) , wluc operates a rather low - powered ( 83 kw ) uhf signal which has a much smaller coverage footprint than its former analog station . its over - the - air digital signal covers less than half of the designated market area ( dma ) . therefore , wluc relies on cable as well as satellite carriers directv and dish network to distribute programming to the entire area .
on december 18 , cjls was given approval to convert to the fm band , operating on 95 . 5 mhz with an effective radiated power of 18 , 000 watts . rebroadcasters cjls - fm barrington cjls - fm - 1 new tusket would continue to operate . the new station offered the existing format consisting of a mixture of top 40 hits , songs from the 70’s , 80’s and 90’s and a selection of music from popular east coast performers .
at the end of the day , sinclair will satisfy fcc requirements by removing its name from the wsyt broadcast license , but it appears the company is keeping itself in a position to continue generating revenue from wsyt and wnys by providing services for and acting as a landlord to bristlecone broadcasting . ( and we can’t help but wonder if this could eventually lead to a repeat of what happened in 2009 , when wtvh moved its assets into the wstm building . )
how much they will identify themselves with sinclair remains to be seen as many stations under barrington are in desperate need of upgraded equipment . if the fcc acts on breaking up jsa & ssa agreements , this may be a simple way for sinclair to cut the cord and
dump
extra stations to an entity . . . . almost like cbs was forced to do with viacom back in the 1970s when it was illegal for a network to own a syndication company .
in 1996 , nbc affiliate wis entered into a news share agreement to produce a primetime newscast at 10 p . m . for wach , the first such primetime newscast in the columbia market and one of the first in south carolina . for many years , it was one of the highest - rated primetime newscasts in the nation . under barrington broadcasting ownership , the station terminated its news agreement with wis and established its own in - house news department at its facilities on pickens street ; wach assumed production responsibilities for the primetime newscast on march 4 , 2007 . one month later on april 23 , 2007 , wach debuted a three - hour weekday morning newscast from 6 to 9 a . m . titled wach fox news good day ( which was renamed good day columbia in april 2010 ) . in march 2007 , longtime 10 : 00 p . m . co - anchor and managing editor mike woolfolk was inducted into the hall of fame by region iii of the national association of black journalists .
cktg , 105 . 3 fm , thunder bay , ontario began broadcasting in 1944 as cfpa and it wasn’t until 2004 that then owners , newcap radio changed the name to cktg , the giant and changed the music to a classic rock format . acadia purchased the station in 2010 , changed to a classic hits format and in 2013 rebranded the station as country 105 . today it is the regions source for country music both old and new . along with the ever popular country brand cktg has become a local favourite for news , sports and information about community activities .
on september 28 , 2009 , wach became the first television station in the columbia market to begin broadcasting its local newscasts in 16 : 9 widescreen standard definition , alongside the introduction of a new graphics package . video from within the main studio , field cameras and other station camera feeds are upconverted to a 16 : 9 widescreen format in the control room . on november 9 , 2009 , the station debuted a half - hour early evening newscast at 7 : 30 p . m . weeknights called the wach fox report , which maintained an entertainment - focused format .
on october 1 , 2015 , gray television announced that it would acquire wluc - tv from sinclair ; in return , sinclair would receive wsbt - tv in south bend , indiana from gray . the swap , part of gray ' s acquisition of the broadcasting assets of schurz communications ( owner of wsbt ) , was necessary as gray already owns wndu - tv in south bend . [ 4 ] the sale was completed on february 16 , 2016 . [ 5 ] a few months later , gray acquired green bay station wbay - tv , due to divestments made during nexstar media group ' s acquisition of media general . [ 6 ]
i personally would like to see the stations ( kfdm / kbtv , beaumont , tx ktvl medford , or , wtwc in tallahassee , fl and wmmp / wtat in charleston sc plus wyzz and wsyt that you mentioned get transferred to the new proxy called chesapeake television subsidiary or sold to the broadcasting companies that i mentioned ( lin media , gray television group , raycom media or local tv * ) that can make a commitment to produce enough revenue to keep the stations alive and in working order . therefore , i physically have to agree with you and also your
read between the lines
when it comes to cunningham , deerfield and manhan media and i do really agree with you ( as a matter of fact , deerfield and manhan media are controlled by stephen mumblow ) as i am typing my response out .
sinclair broadcast group , inc . is one of the largest and most diversified television broadcasting companies in the country . sinclair owns and operates , programs or provides sales services to more television stations than anyone and has affiliations with all the major networks . in addition , sinclair is the leading local news provider in the country , as well as a producer of sports content . sinclair owns a multicast network , four radio stations and a cable network . sinclair’s broadcast content is delivered via multiple - platforms , including over - the - air , multi - channel video program distributors , and digital platforms . sinclair , either directly or through its venture subsidiaries , makes equity investments in strategic companies . sinclair broadcast group , inc . was founded in 1986 , went public in 1995 and is traded on the nasdaq global select market under the ticker symbol sbgi .
however , a look through the fcc paperwork on the latter sale shows sinclair will remain in control of the day - to - day operations at wsyt and wnys for at least six more months . through a “ transition services agreement ” filed on the fcc website , bristlecone will pay sinclair to handle engineering , programming , traffic , accounting and website / digital services “through and until the 180th day after the closing date . ”
further review of the documents on the fcc website seems to indicate that sinclair is only selling the “assets” of wsyt to bristlecone . sinclair will continue to own the 1000 james street building which houses wsyt and wnys , as well as the otisco transmitter site from which wsyt’s signal originates . sinclair will lease both the studio / office space and the transmitter site space to bristlecone . both agreements call for an initial term of 10 years , with an option to renew for two additional five year terms thereafter .
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as part of the deal , hunt valley - based sinclair ( nasdaq : sbgi ) provide sales services to another six stations . the 24 stations are located in 15 markets and reach 3 . 4 percent of tv households in the u . s .
sinclair , the largest u . s . operator of tv stations , funded the deal through cash on hand .
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the station ' s callsign is a strong reference to the cbs
eye
logo - it was once a cbs affiliate .
took to the air on september 13 , 2006 . broadcasts also available on weyi - dt2 30 . 2 / 25 . 2 .
acquired from raycom media on august 11 2006 . also available on one of wstm ' s digital subchannels .
acquired from raycom media on august 11 2006 . wtom also serves the # 208 alpena market .
popular former owners include peoria journal star , adams communications , gray television and metromedia .
kvih is kvii ' s satellite station , licensed to clovis , new mexico . kvih also serves portions of the # 44 albuquerque - santa fe market .
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washington ( ap ) — a group campaigning for the washington redskins to change their name is sending a letter to broadcasters requesting that redskins not be uttered on the public airwaves .
the letter was released wednesday and is signed by more than 100 native american , religious and civil rights organizations . it’s being sent by the change the mascot movement headed by the oneida indian nation of new york .
the letter describes “redskin” as a “government - defined racial slur” that has been used to disparage american indians “throughout history . ”
several prominent broadcasters , including bob costas and phil simms , have either spoken out against the name or say they don’t intend to use it .
also wednesday , the new york daily news announced it will no longer refer to the team as the “redskins” on its sports pages . the paper also said it will stop using the team’s indian - head logo .
“enormously popular and deeply ingrained in sporting culture , the redskins name is a throwback to a vanished era of perniciously casual racial attitudes , ” the paper said . “no new franchise would consider adopting a name based on pigmentation — whiteskins , blackskins , yellowskins or redskins — today . the time has come to leave the word behind . ”
redskins owner dan snyder says he’ll never change the name . he calls it a source of pride for native americans .
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pc insanity taken to new , unbelievable heights . all we need now is for the fcc to enter into the fray and this circus performance will be complete ( reportedly com . rosenworcel is somewhat offended by the redskins name ) .
with approval still pending of sinclair ' s merger with tribune , sinclair remains no . 1 . spinoffs from that deal push fox up to no . 2 over urltoken tvnewscheck ' s annual ranking by spot
a quick briefing on fcc proceedings affecting tv broadcasters from washington communications attorneys david oxenford and david o ' connor .
tvnewscheck’s annual multi - part series highlighting emerging tech trends in advance of the nab show . topics : ip workflow , audio , mam / storage , field operations , master control , graphics , cameras , rf , atsc 3 . 0 .
a three - part examination of the revenue , programming and technology strategies of the diginet business .
with the spectrum repack and atsc 3 . 0 on the horizen , broadcasters failing to think about sfns now may prove to be quite shortsighted in the future .
6 / 2006 : fcc approves acquistion of wpbn , wtom , wluc , wnwo , and two translators of wluc from raycom media .
olli , the osher lifelong learning institute at berkshire community college , presents the ninth annual mona sherman memorial lecture featuring bestselling author and longtime abc and npr political analyst cokie roberts at the mahaiwe performing arts center . wednesday , may 24 , 2017 .
if you ' d like to leave a comment ( or a tip or a question ) about this story with the editors , please email us . we also welcome letters to the editor for publication ; you can do that by filling out our letters form and submitting it to the newsroom .
sinclair officials expect the sale , which is subject to approval by the federal communications commission , to be finalized in the second quarter of 2013 .
wsmh fox 66 , which also services the great lakes bay region , is currently owned by sinclair broadcast group .
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chwv , 97 . 3 the wave , saint john , new brunswick , is a hot adult contemporary music station that has been a community favourite since launching in 2001 . the wave is saint john’s first choice for local information about events , news and more .
chsj , country 94 . 1 , saint john , new brunswick has been one of the maritime’s top country music stations since the 90’s and has been serving saint john and area continuously since 1928 . an emphasis on local news , sports and weather and participation in local events , combined with the country sound has made chsj a perennial favourite throughout south western , new brunswick .
chtd , 98 . 1 has been on the air in st stephen new brunswick since 2001 . located on the canadian border to maine , charlotte fm is an adult contemporary music station that reaches listeners across charlotte county and most of washington county . charlotte fm is focused on “what matters” in these communities , from on line to on air , they inform and entertain .
ckbw , 98 . 1 bridgewater , nova scotia has been on the air since 1947 and it’s adult contemporary music format and local coverage reaches along the entire south shore with repeaters in liverpool at 94 . 5 fm and 93 . 1 shelburne .
cjhk , country 100 . 7 , bridgewater , nova scotia , launched in the summer of 2010 brought country music to the area along with a strong focus on local news and community events .
cjrl 89 . 5 the lake is in the popular tourist and recreation town of kenora , ontario , which is also known as manitoba’s playground due to its proximity to the provincial border and winnipeg . cjrl was originally launched in 1938 as ckca - am and became cjrl with an ownership change in 1943 . locals and visitors alike have come to rely on cjrl for news , weather sports and community event information .
ckdr , 92 . 7 , dryden , ontario went live in 1963 as a repeater of cjrl in kenora . in 1968 ckdr became an independent , full service radio station and today is the nucleus of a number of smaller communities where regional government services are centralized . total local involvement and an easy to listen to adult contemporary music format serves the communities well and the reach , thanks to repeaters in ignace at 97 . 5fm , hudson at 1450 am and ear falls at 97 . 5 is extensive . this network has been serving north western ontario since 1977 .
ckdr - 2 , sioux lookout , ontario , at 97 . 1 fm has been on air since 1979 . it provides sioux lookout and other northern communities with a full service radio station focused on their community .
ckdr - 5 , red lake , ontario is a major mining center in northern ontario and depends on the station for local news , weather , sports and community event information and sit has since its inception in 1980 . as part of the dryden regional network , red lake enjoys top quality local programming for and about the area .
cfob , 93 . 1 the border , fort frances , ontario is a river and lake front community serving two countries with an adult contemporary sound and emphasis on news and community happenings in the rainy river district of ontario and northern minnesota . the station dates back to 1944 when it opened as ckfi and in 1955 after a frequency change to 800 am the call sign was changed to cfob . the station also has a repeater at 95 . 9 fm in atikokan , halfway between fort frances and thunder bay , ontario .
cjuk , magic 99 . 9 thunder bay , ontario was first licensed as a low power station and launched in 2001 . since being acquired from newcap radio by acadia in 2010 cjuk the transmitting power has increased from 37 watts to 250 watts in 2010 . it is a hot adult contemporary music station featuring the most popular current music . the station is also very committed to local coverage and community involvement .
cjls was now available through cbc as a supplementary station for acceptance of commercial programs . fin hollinger was appointed commercial manager . he had worked in the past as a sports announcer and program producer at cjkl kirkland lake .
cjls moved its studios and offices to 222 main street . a new 100 foot tower was built at the brooklyn transmitter site . elsie allen was publicity director . ron fraser was news editor . fin hollinger , commercial and merchandising director at cjls since 1939 , left for whld in niagara falls to be promotions director . richard irvine succeeded him at cjls as of may 15 .
richard irvine signed with the rcaf . he had been commercial manager and chief announcer at cjls for two years . his duties were taken over by ronald c . fraser . dorothy smith ( ball ) , director of women ' s programs left to live in sydney .
ronald c . fraser , formerly of cjls , was appointed maritimes regional farm commentator at cbc halifax .
power increased to 250 watts . cbc dominion basic stations : cjfx , chns , cfcy , ckcw , cknb , cjls , ckco , chov , cfbr , cjbc , chex , cfpl , cfco , cfpa , chlt , cfcf , ckrc , cjgx , ckx , ckrm , chab , cfqc , ckbi , cfcn , cfrn , cjrl , chwk , cjor , cjvi . l . l . smith was manager .
the dominion and trans - canada networks merged into a single cbc radio service . cjls became an independent after the merger .
on july 25 , cjls was authorized to move from 1340 khz with power of 250 watts ( omnidirectional ) to 580 khz with power of 1 , 000 ( directional ) from a new transmitters site . cjls changed its plans to move to 580 khz and on october 23 , the crtc approved the station’s application ro remain on 1340 khz , but increase power from 250 watts ( omnidirectional ) to 5 , 000 watts dayand 1 , 000 watts night ( directional ) . cjls increased power to 5 , 000 watts day and 1 , 000 watts night from a three tower array at a new transmitter site , located at overton .
on july 27 , the transfer of a 67 % interest in radio cjls ltd . was approved . the shares would move from leland g . trask ( 40 % ) and michael l . trask ( 27 % ) to m . l . trask holdings ltd . as a result , m . l . increased its holding from 6 % to 73 % . this holding company ( m . l . ) was 98 % controlled by michael l . trask . the remaining 27 % of radio cjls ltd . would continue to be held by bruce d . raymond .
andy newman left cjls to be morning man at cigo port hawkesbury . ray zinck was news director .
morning man wayne leslie left cjls to take over the afternoon show at ckcq quesnel .
on canada day , ray zinck and partners gerry boudreau and chris perry ( radio cjls ltd . ) closed on their deal to purchase cjls . cjls received recognition from nova scotia ' s legislature on the first day of the fall sitting . the resolution , which passed unanimously , asked the house of assembly to congratulate the new owners and praised the station for promoting nova scotia music and culture .
on february 1 , gerry boudreau retired . his partners in radio cjls ltd . , chris perry and ray zinck purchased his shares ( each holding 50 % ) . in june , cjls began operating on 95 . 5 mhz in yarmouth . the tower was located at tusket . cjls - am left the air a short time later .
cjls was given approval to operate a low - power rebroadcast transmitter at yarmouth to resolve signal deficiencies caused by rough terrain surrounding the tusket falls site of the originating transmitter . the rebroadcaster would operate on 94 . 7 mhz with effective radiated power of 50 watts .
on september 16 at 1 : 04 p . m . , cjls changed its branding from the wave to y95 . 5 . the adult contemporary format remained in place .
the atlantic living history association is holding a reenactment of the lives of new england planters .
there will be demonstrations of making butter , ice cream and candles , and razor and tool sharpening .
the reenactment is open to anyone from 10 a . m until 5 p . m saturday and sunday and 10 a . m until 2 p . m on monday .
the hunter river isn ' t as well known as some of australia ' s big waterways like the murray or darling .
in the late 80 ' s brett and linda keeping started a vineyard on the edge of the hunter river near denman .
moonan flat ' s byg swig finds inspiration in ' the mighty hunter ' for river stories song .
for lifelong bird lover tom clarke the hunter river at stockton sandspit provides a chance for him to work on his greatest passi . . .
though the hunter river ' s journey comes to a close where it meets newcastle harbour , the river stories continue to flow on .
a look into john wright , the hunter river and the traditional practice of making brooms .
hunter valley grammar school director of rowing peter bond is passionate about his sport , and he is passionate about the hunter . . .
muscle creek landcare convenor stephen thatcher tells of his personal connection to the hunter river through his bush regenerati . . .
wendy bowman is an advocate for people affected by mining in the upper hunter region of nsw .
fifth generation grazier liam mcloughlin reveals his river story to tricia hogbin for abc open .
muswellbrook ' s gill warburton has created a story with abc open that started out looking at how scouts help keep the carp popula . . .
des collison tells the story of the hall and river crossing at moonan flat for abc open .
this video of belltrees station explores the history of belltrees in video , audio and stills .
howard archbold exchanged a big city job as an advertising photographer for a shack on the moonan brook which flows into the hun . . .
artist craig layer draws inspiration for his artwork from the hunter river , creating work with titles such as the mullet run and . . .
from the springs three small creeks are formed called the first , second and third hunter . the creeks join to form the hunter riv . . .
abc open along with 1233 abc newcastle invite you to share your river story . more »
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registration and sign in using a twitter , facebook , or google account is temporarily unavailable . please see this post for details .
talked to williams about his plans on acquiring wwmb & he ' ll be acquiring nbc station , weyi 25 in flint . wsmh will still be own by sinclair proper . he said he wanted to wait until the fcc greenlights the deals to state his plans on what he will do for these stations ; and he hopes to expand his station portfolio in the near future .
this will be interesting to see how this all plays out over time . based on the m & a call sinclair conducted . . . .
armstrong williams ' new company could be even less connected . . . based on the above article . this is more like a time - brokerage agreement where there is very little room for sinclair to operate .
if the fcc acts on breaking up jsa & ssa agreements , this may be a simple way for sinclair to cut the cord and
dump
extra stations to an entity . . . . almost like cbs was forced to do with viacom back in the 1970s when it was illegal for a network to own a syndication company . armstrong williams ' new company could be even less connected . . . based on the above article . this is more like a time - brokerage agreement where there is very little room for sinclair to operate .
giving them high praises . smmfh ! ! they won ' t do that when they be in gigantous debt .
as for the howard stirk ' s firm , if that is the case , it better be the case . i don ' t want to see yet another sinclair umbrella shell that is secretly calling all the shots , like this new chesapeake entity . imho , i feel very edgy because i think smith is using williams as a poster guy to shut the fcc folks up so they can see more minority owners . i hope this is what williams wants , and it appears he wants to expand under his own stewardship .


al baraka banking group was formed in 2002 in manama , bahrain .

the company is listed on the bahrain stock exchange and nasdaq dubai , the group offers retail , corporate and investment banking and treasury services in accordance with the principles of the shari'a in 15 countries .

al baraka banking group

al baraka banking group organization al . . . - albaraka egypt bank | facebook
al baraka banking group b . s . c ( abg ) and al baraka islamic bank b . s . c
al baraka banking group obtain a license to establish a new bank in morocco | al baraka bank ( pakistan ) ltd .
al baraka banking group b . s . c , united nations sign letter of intent
annual general meeting of al baraka banking group approves cash dividend payouts and bonus shares t . . .
al baraka banking group ( b . s . c ) is looking to strengthen relations with iraqi banks
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in thirteen countries , which in turn provide their services through more than 300 branches . these banking units are jordan islamic bank , al baraka islamic bank â€“ bahrain , al baraka islamic bank â€“ pakistan , banque al baraka d ' algerie , al baraka bank sudan , al baraka bank limited - south africa , al baraka bank lebanon , al baraka bank tunisia , al baraka bank egypt , al baraka turk participation bank - turkey , al baraka bank syria and group representative offices in indonesia and libya ( under formation ) .
©copyright 2018 al baraka banking group ( licensed as an islamic wholesale bank by cbb ) , all rights reserved .
net income attributable to al baraka banking group ' s shareholders increase by 3 % to us $ 35 million i . . .
al baraka banking group and the bank of london & the middle east ( blme ) sign a memorandum of underst . . .
mr . yousif has more than 40 years ' international banking experience . he has been a director of abg since inception and the president & chief executive since august 2004 . he is the chairman of jordan islamic bank , banque al baraka d ' algerie , al baraka turk participation bank , al baraka bank ltd . , south africa , al baraka bank egypt , al baraka bank lebanon , al baraka bank syria , al baraka bank sudan and al baraka bank ( pakistan ) ltd , vice chairman of al baraka islamic bank , bahrain and director of al baraka bank tunisia and itqan capital . mr . yousif holds a master of business administration degree from the university of hull , uk .
al baraka banking group was evolved from the need to have a truly global islamic banking service for the arab world and muslims worldwide . al baraka group has successfully synergized vastly successful islamic banks and financial services companies in the middle east , and north and south africa . . . more
al baraka banking group , b . s . c ( abg ) , the leading bahrain - based banking group , has signed a memorandum of understanding ( mou ) with the libyan foreign bank ( lfb ) , the leading arab bank in africa , to collaborate in all banking areas .
the mou was signed by mr . adnan ahmed yousif , president & chief executive of abg and chairman of al baraka türk participation bank on behalf of al baraka banking group and mr . mohamed mohamed a . ben yousef , general manager of lfb on behalf of the libyan foreign bank .
the bahrain based leading islamic banking group al baraka banking group b . s . c . ( abg ) and five of its subsidiary banking units received the
best islamic financial institution
award of 2013 , as part of the annual awards that the global finance magazine , which is specialized in banking and finance , awards to international banks and financial institutions . al baraka banking group received the
best islamic financial institution in middle east / africa
award , al baraka bank lebanon received the
best islamic financial institution in lebanon
award , jordan islamic bank received the
best islamic financial institution in jordan
award as well as
best islamic retail bank in jordan
award , al baraka bank limited received the
best islamic financial institution in south africa
award , al baraka islamic bank bahrain received the
best islamic financial institution in bahrain
award and banque al baraka d ' algerie received the
best islamic financial institution in algeria
award .
al baraka banking group ( b . s . c ) is jointly rated bbb + ( long term ) / a3 ( short term ) on the international scale with a stable outlook . . .
bahrain al baraka banking group ( licensed as an islamic wholesale bank by cbb ) p . o . box 1882 , manama , kingdom of bahrain tel : + 973 17541122 fax : + 973 17536533
al baraka banking group , representative office , indonesia ravindo building , 10th floor , jalan kebon sirih , no . 75 , jakarta pusat 10340 , indonesia tel : + 62 213161345 fax : + 62 213161074
al baraka offers retail , corporate , treasury and investment banking services , strictly in accordance with the principles of the islamic shari ' a . the authorized capital of al baraka is us $ 1 . 5 billion , while total equity is at about us $
© 2018 al baraka bank ( pakistan ) limited all rights reserved . last update : july 2 , 2018
the signing ceremony was held at the headquarters of al baraka türk participation bank at the attendance of a number of officials in the two institutions led by mr . meliksah utku the general manager of al baraka türk participation bank .
the bahrain based leading islamic banking group , al baraka banking group b . s . c ( abg ) announced that it obtained the approval of the bank al maghrib ( the central bank of morocco ) to establish a new bank in morocco . thus , the group completed its presence in all the countries of the maghreb , where it now owns banking subsidiaries in in algeria , tunisia , libya and morocco , as well as the african continent in egypt , sudan and south africa . the group has already obtained the approval of the central bank of bahrain to establish this bank
to be the leading islamic banking group with a world wide presence , offering ; retail , commercial , investment banking , and treasury services strictly in accordance with the principles of sharia .
mr . adnan ahmed yousif , board member and president & chief executive of al baraka banking group said
the subsidiary banking units of our group , through their long history in countries where they operate , have come to be amongst the leading financial institutions in servicing their communities and are most established in terms of their expertise and knowledge of the local markets , which reflect the success of al baraka banking group ' s vision and strategy which are based on enhancing the positions of subsidiary units , strengthening their capital resources and creating strong business relationships between the units , as well as coordinating the business policies and the management of risks and operations and other factors , which create strong and consolidated group
.
the awards were received by mr . adnan ahmed yousif , board member and president & chief executive of al baraka banking group on behalf of the wining group ' s units in a ceremony held in washington at the same time as the annual meetings of the international monetary fund ( imf ) and world bank and was attended by large audience of regional and international officials and banking leaders .
the new bank will carry the name of al baraka bank morocco , in partnership with the moroccan bank for foreign commerce of africa ( bmce bank ) , which is one of the oldest and largest private moroccan banks , which was founded in 1959 and located in 22 countries . the new bank will be under the management of al baraka banking group and will operate within its network of subsidiary banking units , which are currently located in 15 countries and in turn own more than 700 branches .
to consolidate the diverse banks in the group in order to pursue a uniform group strategy in their respective countries , whilst retaining their individual identities .
© al baraka islamic bank b . s . c . ( c ) ( licensed as an islamic retail bank by cbb ) all rights reserved
al baraka islamic bank - bahrain ( aib - bahrain ) established 1984 in bahrain and up the years has pioneered the development of isl . . .
on this momentous occasion , he sheikh saleh abdulla kamel , chairman of al baraka banking group said :
we are very happy with the achievement of abg and five of our banking units in winning this international award , which reflects the leading status that abg enjoys after successful career filled with achievements over the last ten years from one side and the excellent banking position that these units occupy in their countries , their distinguished performance and services , and good reputation in the islamic banking sector locally , regionally and globally from the other side
.
on this occasion , he sheikh saleh abdullah kamel , chairman of al baraka banking group said , “we are very pleased to complete the regulatory approvals to establish al baraka bank morocco after obtaining the license from the central bank of morocco . by this we accomplished an important strategic step in the implementation of our future program to cover all major countries in the maghreb by our presence and banking services , and at the same time to expand in the african continent . we intend to take further initiatives in the future towards achieving this goal . ”
the mou aims to establish a close cooperation framework through which the two parties can activate joint initiatives and banking activities , as well as prepare technical cooperation programs in the future . it also includes the exchange of knowledge by al baraka banking group , which will benefit the libyan foreign bank in the field of islamic banking , enhance cooperation in correspondent banking and commercial finance operations between the two banks as “preferred trading partners” , and further cooperation in liquidity management , investments , exchanging information and ideas and making use of the network of resources available to each party .
for his part , mr . adnan ahmed yousif , member of the board and president and chief executive of al baraka banking group said that entering the moroccan market is a very important achievement , which is considered one of the major markets in the maghreb and africa , and will achieve greater diversity in building assets portfolios and revenue sources for the group , especially that we intend to employ our deep - rooted and unique islamic banking expertise , the extensive banking network of our units and our strong technical , human and financial resources to the success of our presence there . in addition , our banking partnership with one of the oldest and largest moroccan banks is a high added value for the new bank .
mr . hamad a . al oqab has over 22 years ' experience in finance and auditing . he is chairman of the accounting standards board of the accounting and auditing organization for islamic financial institutions ( aaoifi ) . he is also a member of the boards of al baraka turk participation bank , jordan islamic bank and banque al baraka d ' algerie , algeria ; in addition he serves as chairman of the audit committee of al baraka turk participation bank , as well as being a member of the audit committees of jordan islamic bank and banque al baraka dalgerie and a member of the social responsibility committee of jordan islamic bank . before joining abg in february 2005 he worked at shamil bank as senior manager , internal audit . prior to this he was a member of the audit team at arthur andersen . mr . hamad al oqab is a certified public accountant ( cpa ) and a chartered global management accountant ( cgma ) .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries , which in turn provide their services through more than 450 branches . al baraka currently has a strong presence in jordan , tunisia , sudan , turkey , bahrain , egypt , algeria , pakistan , south africa , lebanon , syria , indonesia , libya , iraq and saudi arabia .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries , which in turn provide their services through more than 700 branches . al baraka is currently having a strong presence in jordan , tunisia , sudan , turkey , bahrain , egypt , algeria , pakistan , south africa , lebanon , syria , indonesia , libya , iraq and saudi arabia .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries , which in turn provide their services through more than 400 branches . al baraka is currently having a strong presence in jordan , tunisia , sudan , turkey , bahrain , egypt , algeria , pakistan , south africa , lebanon , syria , indonesia , libya , iraq and saudi arabia .
lebanon al baraka bank lebanon s . a . l 2nd floor , center verdan 2000 , rashid karameh street , verdan , beirut , lebanon tel : + 9611 - 808008 fax : + 9611 - 806499
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries , which in turn provide their services through over 700 branches . al baraka currently has a strong presence in turkey , jordan , egypt , algeria , tunisia , sudan , bahrain , pakistan , south africa , lebanon , syria , iraq and saudi arabia , including two representative offices in indonesia and libya .
37 years , through our banking unit there , al baraka bank egypt , we are very pleased to provide the main support and sponsorship of the bahrain - egypt expo , which we all look forward to its success and achieving its goals in diversification of trade and investment relations between the two brotherly countries .
â€śin addition to enhancing our relations with our partners , investors and customers we have focused over the past period on modernizing and developing the human , operational , regulatory and technical infrastructures at the group and subsidiary banking units ' levels . we are pleased that a number of banking unit had received many international awards as a result of their excellence and achievementsâ€ť . in concluding his statement , the president & chief executive of abg praised the great efforts exerted by the executive management at head office and the executive management teams at the subsidiary banking units of the group and other concerned parties that led to achieving such excellent results by the group .
to utilize the group ' s geographical presence to distribute its products and services and promote cross border services .
on the occasion , mr . adnan ahmed yousif , board member and president & chief executive of al baraka banking group , said :
based on the importance of the historical and deep relations between the kingdom of bahrain and the arab republic of egypt , we are keen to do everything in our power to promote and develop these relations in all fields . given also our wide existence in the egyptian market , which is witnessing a remarkable boom , since
al baraka banking group ( b . s . c ) is licensed as an islamic wholesale bank by the central bank of bahrain , listed on bahrain bourse and nasdaq dubai stock exchanges . it is a leading international islamic banking group providing its unique services in countries with a population totaling around one billion . it is jointly rated bbb + ( long term ) / a3 ( short term ) on the international scale and a + ( bh ) ( long term ) / a2 ( bh ) ( short term ) on the national by islamic international rating agency & dagong global credit rating company limited , and by standard & poor’s at bb + ( long term ) / b ( short term ) .
â€śwe also with the grace of allah obtained all the regulatory approvals for merging the branches of al baraka islamic bank in pakistan with emirates global islamic bank - pakistan under the name of al baraka bank of pakistan . the merger will lead to the emergence of a bank that has assets in excess of us $ 582 million and a network of 89 branches covering all major cities and regions in pakistan . this step comes as part of the group ' s strategy to strengthen its presence and operations in promising islamic markets . the merger will create a high value - addition not just for the merged financial institutions , but also for the banking and financial market in pakistan which is considered one of the most important markets in the muslim world
.
branches . al baraka currently has a strong presence in turkey , jordan , egypt , algeria , tunisia , sudan , bahrain , pakistan , south africa , lebanon , syria , iraq and saudi arabia , including two representative offices in indonesia and libya .
mr . el qaq has over 24 years of experience in commercial banking . before joining abg in august 2014 , mr . el qaq was general manager , international banking & syndications at commercial bank of kuwait , prior to which he was a first vice president at arab banking corporation ( b . s . c . ) , bahrain , deputy chief executive & head of corporate banking group at arab banking corporation ( jordan ) , in addition to serving as member of the board of directors of abc islamic bank 2009 - 2012 . having commenced his career with the housing bank for trade and finance , jordan in 1990 , he subsequently worked with arab bank at its head office in jordan and qatar national bank in qatar . mr . el qaq holds a master of business administration degree from howard university , usa .
abg ' s indonesia representative office assesses and reports on the potential for the group to do business in the country or to consider the acquisition of suitable local bank / s . the representative office is also responsible for maintaining contact with regulators and major banking groups in indonesia and for preserving the image and brand value of the group . with trade flows between indonesia and many of the countries where the group operates continuing to grow , the representative office pro - actively identifies business opportunities and generates leads that are directed towards abg subsidiaries .
for his part , mr . mohammed isa al mutaweh , board member and chief executive officer of al baraka islamic bank said
we at al baraka islamic bank are pleased to sponsor the bahrain - egypt expo and look forward to the success of the exhibition as it makes a strong contribution to strengthening the brotherly relations between bahrain and egypt . it is our responsibility to support all that contributes to the progress of the kingdom ' s economy , especially through the development of trade and investment relations with its sisters from the arab countries , and we have strong ties with the egyptian market , and are looking forward to further enhance our joint work and cooperation with our partners there .
mr . yousif concluded his statement by expressing his thanks and appreciation to the executive managements and all employees of abg and the five banking units for their continuing efforts in raising the status of their units and the group as a whole at the local , regional and international levels .
the winning of these awards by abg and its five subsidiary banking units was announced in a final result statement by the magazine ' s award committee , which included in its membership , a number of economists and editors of global finance , international financial advisors and a number of bank managers and experts in the field of banking . abg and its five banking units received these awards for their prominent role in the islamic banking sector , their ability to achieve consistent growth in the future and meeting professional standards in terms of the quality of products and services offered to clients , as well as for their originality and innovation in services and customer service , continued development and innovation in banking operations and other important criteria such as strategic relationships , geographic reach , profitability and robustness of financial position .
mr . shehab has over 40 years of banking experience with various international financial institutions , both islamic and conventional . he is a member of the boards of banque al baraka d ' algerie , algeria and al baraka bank ( pakistan ) ltd . , pakistan . before joining abg in 2006 he was assistant chief executive officer - operations at bahrain islamic bank , which he joined following a successful career at faysal islamic bank of bahrain ( now ithmaar bank ) , prior to which he worked at bahrain middle east bank and the bahrain offices of american express bank , bank of america and chase manhattan bank , after having commenced his career with habib bank ltd . in 1973 . mr . shehab holds a master of business administration degree from hull university , uk .
mr . alabdulmohsen started his career in the central bank of bahrain then joined albaraka banking group in 2009 in the treasury and investments department . he started as a money market dealer then managed the banks ' sukuk portfolio . he holds a b . s . in business administration with a concentration in accounting and finance from the american university of sharjah and is a cfa level ii candidate .
the growth in the operating assets of the group enabled it to achieve good profit results during the first half of the year 2010 . total operating income amounted to us $ 307 million in the first half of 2010 compared with us $ 302 million for the first half of 2009 , which reflects an increase of 2 % . after deducting all operating expenses , which increased as a result of the group ' s continued spending on expanding its network of branches and upgrading the it infrastructure of the group and the units as well as expenses associated with the launch of the new identity of the group and building up precautionary provisions of affiliate units , the net income of the group amounted to us $ 95 million in the first half of 2010 , an increase of 3 % over the net income of us $ 92 million for the first half of year 2009 . the net income attributable to the shareholders ' equity of the parent company for the first half of 2010 increased by 10 % to reach us $ 54 million compared with us $ 49 million for same period last year .
as with regard to the quarterly financial results for the second quarter of this year 2010 , the group ' s total operating income amounted to us $ 150 million during the second quarter of 2010 compared with us $ 163 million for the second quarter of 2009 , while group net income amounted to us $ 47 million in the second quarter of 2010 compared with us $ 49 million for the second quarter of 2009 . the net income attributable to the shareholders ' equity of the parent company for the second quarter of this year amounted to us $ 27 million compared with us $ 25 million for the same period last year , an increase of 5 % .
mr . adnan ahmed yousif added that
the first half of the year also saw the completion of the launch of abg new identity , the last of which was completed in sudan , egypt and jordan , and as a result all the banks of the group now carry the abg logo and identity . the new identity , in line with the philosophy on which it is based , requires us to adopt a set of policies and high ethical and professional standards with regard to the offering of innovative and efficient sharia - compliant services and products . to achieve this , we put in place a number of programs and plans which are currently being implemented to embody the theme of the new identity of the group in being partner bank to our customers , investors , and all our stakeholders
.
the total assets of the group amounted to us $ 13 . 6 billion as at the end of june 2010 , compared with us $ 13 . 2 billion as at the end of december 2009 , representing a growth of 3 % . this increase has been reflected in the growth of operating assets ( financing and investments ) which increased by 2 % to reach us $ 9 . 6 billion in total as at the end of june 2010 . customer deposit and other accounts and unrestricted investment accounts witnessed a consistent growth and increased by 4 % from us $ 11 billion as at the end of december 2009 to us $ 11 . 4 billion as at the end of june 2010 , which reflects continued trust and loyalty of customers in the group . total equity amounted to us $ 1 . 7 billion as at the end of june 2010 .
albaraka turk participation bank raises additional tier 1 capital by successfully issuing the turki . . .
note : profitability rates of growth are for the first half of 2010 compared with the first half of 2009 , while growth rates of balance sheet items are for june 2010 compared with december 2009 .
indonesia ' s economic growth rate in 2015 is estimated at 4 . 7 % , down a little from 5 . 0 % in 2014 . the current account deficit was once more reduced , to - 2 . 0 % from - 3 . 1 % of gdp , while the budget deficit remained little changed at - 2 . 0 % of gdp . the rate of inflation rose to 6 . 2 % from 4 . 8 % the year before .
ms . nurul bariah chief representative ravindo building , 10th floor , jalan kebon sirih , no . 75 , jakarta pusat 10340 , indonesia tel : + 62 21 316 1345 fax : + 62 21 316 1074 to locate our braches please go on e - network .
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current accounts : on demand accounts are not entitled to receive profits but do not bear any loss either . they are designed speci . . .
murabaha is an islamic form of asset financing and has a fixed term and a pre - determined profit . in a murabaha the bank buys a spe . . .
bahrain tourism and exhibitions authority , bahrain bourse and the bahrain authority of culture and antiquities .
it is expected that the major companies and many of the major economic ministries , institutions and bodies in egypt and bahrain will participate in the expo pavilions , which will attract senior officials in the kingdom , businessmen and representatives of major companies from the bahraini and egyptian sides . it will also include many important economic and investment sectors including industrial , financial and investment , pharmaceutical and medical , traditional and therapeutic tourism , real estate and engineering , textiles and carpets , furniture , food industry , jewelry and other business sectors .
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