On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
78° Feels Like: 80°
Wind: E 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 75°

Tonight

Thunderstorms Late 63°

Tomorrow

Thunderstorms 81°

Alerts

Business Beat: GateHouse Files Chapter 11; Gentex Completes Homelink Purchase

by

UNDATED (WHTC) - GateHouse Media, the parent company of the Holland Sentinel and other newspapers statewide, filed for federal Chapter 11 bankruptcy protection on Friday. In a petition submitted to the US bankruptcy court in Delaware, Gatehouse had assets of nearly 434 million dollars, but debts of 1.3 billion. Company officials say that it has sufficient cash to maintain operations during this period, and readers shouldn’t notice any changes.

Officials of Gentex announced on Friday finalization of their 700 million-dollar purchase of Homelink from Johnson Controls The acquisition would give the Zeeland-based specialty parts maker entrance into the remote control market. Homelink begun as a subsidiary of the Prince Corporation and was absorbed by JCI in a 1996 purchase. Gentex has been integrating Homelink into its products for more than a decade.

Comments