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LUMA Energy
LUMA Energy is the power company responsible for power distribution and power transmission in the Commonwealth of Puerto Rico. They are also in charge of maintaining and modernizing the power infrastructure. Previously, these duties belonged exclusively (according to the law) to the Puerto Rico Electric Power Authority (PREPA, Spanish ''Autoridad de Energía Eléctrica, AEE''), but as of July 20, 2018, permission was granted for PREPA assets and service duties to be sold to private companies, and on June 22, 2020, a 15-year contract with LUMA was signed, making LUMA the new operator. The takeover took place on June 1, 2021. History 2020: Company creation and registration LUMA Energy was registered in Puerto Rico's Registry of Corporations and Entities on January 17, 2020, under the name LUMA Energy ManageCo, LLC. The name was changed to LUMA Energy, LLC. as of June 12, 2020. The company is a joint venture between Houston company Quanta Services Inc. and Alberta, Canada com ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking o ...
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San Juan, Puerto Rico
San Juan (, , ; Spanish for "Saint John") is the capital city and most populous municipality in the Commonwealth of Puerto Rico, an unincorporated territory of the United States. As of the 2020 census, it is the 57th-largest city under the jurisdiction of the United States, with a population of 342,259. San Juan was founded by Spanish colonists in 1521, who called it Ciudad de Puerto Rico ("City of Puerto Rico", Spanish for ''rich port city''). Puerto Rico's capital is the third oldest European-established capital city in the Americas, after Santo Domingo, in the Dominican Republic, founded in 1496, and Panama City, in Panama, founded in 1521, and is the oldest European-established city under United States sovereignty. Several historical buildings are located in San Juan; among the most notable are the city's former defensive forts, Fort San Felipe del Morro and Fort San Cristóbal, and La Fortaleza, the oldest executive mansion in continuous use in the Americas. Today, ...
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Meredith Corporation
Meredith Corporation was an American media conglomerate based in Des Moines, Iowa, that owned magazines, television stations, websites, and radio stations. Its publications had a readership of more than 120 million and paid circulation of more than 40 million, and its websites had nearly 135 million monthly unique visitors. Its broadcast television stations reached 11% of U.S. households. History Early years Edwin Thomas Meredith founded the company in 1902 when he began publishing ''Successful Farming'' magazine. In 1922, Meredith began publishing ''Fruit, Garden and Home'' magazine, a home and family service publication. In 1924, the magazine was retitled ''Better Homes and Gardens (magazine), Better Homes and Gardens'', and the first issue cost a dime on the newsstand. In 1930, the company published the first edition of ''The Better Homes and Gardens Cook Book''. In 1946, the company became a public company. In 1987, Meredith Corporation made a deal that they would pur ...
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WALA-TV
WALA-TV (channel 10) is a television station licensed to Mobile, Alabama, United States, serving as the Fox Broadcasting Company, Fox affiliate for southwest Alabama and northwest Florida. Owned by Gray Television, the station maintains studios on Satchel Paige Drive in Mobile, with an additional studio and news bureau on Executive Plaza Drive in Pensacola, Florida; its transmitter is located in Spanish Fort, Alabama. WALA-TV operates a 24-hour local weather channel called "Weather Now" which is available on Cox Communications digital cable, digital channel 698 in Pensacola; it is not carried on Xfinity, Comcast Xfinity on the Alabama side of the market. History Early history WALA signed on the air for the first time on January 14, 1953; it is Mobile's oldest existing television station (the first, WKAB-TV channel 48, had beaten WALA-TV to air by two weeks but closed on August 2, 1954). It was initially locally owned by W.O. Pape, along with WALA radio (1410 AM, now WNGL). It ...
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Plaza Del Caribe
Plaza del Caribe is an enclosed shopping mall located in Ponce, Puerto Rico. It is owned by Empresas Fonalledas, and is the largest mall in southern Puerto Rico. The mall is located at the intersection of Puerto Rico Highway 2 and Highway 12. The anchor stores are JCPenney and Macy's. A former third anchor store, Sears, closed in February 2020. History Originally starting development through 1969-1972, and even being scheduled to open by 1974, the mall officially came to fruition on 11 September 1992. At the time it had 140 stores and was anchored by three major department stores: Sears, J. C. Penney, and Gonzalez Padin. This last one was in the mall until the company went bankrupt in 1995. The mall also had a 6-screen cinema in the area of the food court. A freestanding Circuit City operated at the mall for a brief time in the mid to late 2000s but closed after the company went bankrupt. It was replaced by a CompUSA that eventually also closed down. The space was occupied by ...
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Telemundo
Telemundo (; formerly NetSpan) is an American Spanish-language terrestrial television network owned by NBCUniversal Telemundo Enterprises, a division of NBCUniversal, which in turn is owned by Comcast. It provides content nationally with programming syndicated worldwide to more than 100 countries in over 35 languages. The network was founded in 1984 as NetSpan before being renamed Telemundo in 1987 after the branding used on WKAQ-TV, its owned-and-operated station in San Juan, Puerto Rico. In 1997, Liberty Media and Sony Pictures Entertainment acquired controlling interest in Telemundo. NBC then purchased Telemundo in 2001. The channel broadcasts programs and original content aimed at Latin American audiences in the United States and worldwide, consisting of telenovelas, sports, reality television, news programming and films—either imported or Spanish-dubbed. In addition, Telemundo operates Universo, a separate channel directed towards young Hispanic audiences; Telemundo Di ...
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Puerto Rico Aqueducts And Sewers Authority
The Puerto Rico Aqueducts and Sewers Authority (PRASA; Spanish: ''Autoridad de Acueductos y Alcantarillados de Puerto Rico'') is a water company and the government-owned corporation responsible for water quality, management, and supply in Puerto Rico, a US insular area. PRASA is the only entity authorized to conduct such business in Puerto Rico, effectively making it a government monopoly. History The Puerto Rico Aqueducts and Sewers Authority was established by Law 40 of May 1, 1945. In 1995 the agency was privatized under the administration of governor Pedro Rosselló until 2002 under governor Sila María Calderón when the contract ended. The aftermath of Hurricane Maria left most of the island without water service for weeks. The agency announced in December, three months after the storm had passed, that the water service was restored to 90% of its clients. The authority was ordered by then governor Ricardo Rosselló to not charge for the service it was unable to prov ...
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New York Daily News
The New York ''Daily News'', officially titled the ''Daily News'', is an American newspaper based in Jersey City, NJ. It was founded in 1919 by Joseph Medill Patterson as the ''Illustrated Daily News''. It was the first U.S. daily printed in Tabloid (newspaper format), tabloid format. It reached its peak circulation in 1947, at 2.4 million copies a day. As of 2019 it was the eleventh-highest circulated newspaper in the United States. Today's ''Daily News'' is not connected to the earlier ''New York Daily News (19th century), New York Daily News'', which shut down in 1906. The ''Daily News'' is owned by parent company Tribune Publishing. This company was acquired by Alden Global Capital, which operates its media properties through Digital First Media, in May 2021. After the Alden acquisition, alone among the newspapers acquired from Tribune Publishing, the ''Daily News'' property was spun off into a separate subsidiary called Daily News Enterprises. History ''Illustrated Daily N ...
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Metro International
Metro International is a Swedish global media company based in Luxembourg that publishes the ''Metro'' newspapers. Metro International's advertising sales have grown at a compound annual growth rate of 41 percent since launch of the first newspaper edition in 1995. It is a freesheet, meaning that distribution is free, with revenues thus generated entirely through advertising. This newspaper is primarily intended for commuters who move daily in and out of big cities' business areas, mainly during rush hours. The company was founded by Per Andersson and started as a subsidiary of the Modern Times Group along with Viasat Broadcasting. It is now controlled through the Mats Qviberg owned investment company Custos. The first edition of the newspaper was published as ''Metro Stockholm'' and distributed in the Stockholm metro. , all European editions (except for the Hungarian one) have been sold, reportedly so that Metro International can focus on Latin America, considered the l ...
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La Perla Del Sur
''La Perla del Sur'' is a weekly regional Spanish-language newspaper based in Ponce, Puerto Rico. It is distributed in nine towns in southern Puerto Rico and has a circulation of 75,000. It also had an Internet portal where the entire printed version of the paper could be accessed. It was founded in 1983. History The newspaper was founded in Ponce in 1983 by Juan Nogueras de la Cruz with a crew of six employees. It was first published every other week, had 32 pages and a circulation of 40,000 copies. At first it circulated only in Ponce and Juana Diaz, but a year after its foundation it started circulating also in the towns of Santa Isabel, Coamo, Guayanilla, Peñuelas and Yauco. In its beginnings the paper was printed by a third party, but starting on 2 February 1993, the paper started publishing at Juno Printing, a wholly owned subsidiary of ''La Perla del Sur.'' The paper was known as "''El periódico de Ponce y la región Sur de Puerto Rico''." (''The Newspaper and So ...
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El Nuevo Día
''El Nuevo Día'' (English: ''The New Day'') is the newspaper with the largest circulation in Puerto Rico. It was founded in 1909 in Ponce, Puerto Rico, and today it is a subsidiary of GFR Media. Its headquarters are in Guaynabo, Puerto Rico. History El Dia El Nuevo Día was founded in 1909 in the city of Ponce as "El Diario de Puerto Rico," later changing its name to "El Día" in 1911, a name it kept for nearly seven decades. Its founder was Guillermo V. Cintrón, with assistance from Eugenio Astol and Nemesio Canales. Its editorial staff consisted of Felix Matos Bernier, Juan Braschi, Nemesio R. Canales, Felix Astol, and Eugenio Deschamps. In 1928 Guillermo V. Cintron sold the paper to Guillermo Vivas Valdivieso who formed an editorial team consisting of the three Gil De Lamadrid brothers (Jesus, Joaquin and Alfredo), Enrique Colon Barega, and Julio Enrique Monagas, and published the paper until 1945. Under his directorship the paper also started distribution in San Juan, ...
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