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Buy-Sell Agreement

Recall the stock distribution we organized the business with in 1972:  Clyde 25%; Derry 25%; Baclesse 12.5%; Wunderlich 12.5%; Stiles 12.5% and Murphy 12.5%. Three years later, I wanted some sort of an agreement whereby stock owned by any of the shareholders would not go...

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“Those durn line costs”

By far our largest expense in our early years was distribution costs:  what we paid AT&T for our leased lines.  In 1975 we paid AT&T $80,500 which was 25% of our expenses!  And, in 1976 it grew to $105,000 or 28%. AT&T was a monopoly.  It...

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LOUISVILLE DOWNTOWN ARENA OFFICIALLY BECOMES KFC YUM! CENTER

Yum! Brands, LAA, Team Services Announce Long-Term Arena Naming Rights Agreement Louisville, Ky. (April 19, 2010) – It's official. Yum! Brands, a prominent, global corporation proud of its Louisville roots and extensive community involvement will stamp its name on the city's newest addition. Effective immediately, KFC...

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Daily stand-up meetings

In those early years, when we were much smaller, each morning the executive team would come to my office for a 10-minute stand-up meeting. Thats right, no sitting. We all stood around the room and everyone reported:  engineering, accounting, sales, affiliate relations, sports, news, ag,...

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Learfield Sports

Many ask me:  "So, how'd you get from farm broadcasting to sports?" The answer is simple:  we had full-time leased lines and the University of Missouri network wanted to use them on Saturday afternoons. They were paying about $12,000 a year, I told them I'd...

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