Kaleida to un­veil en­larged DeGraff emer­gency unit

The Buffalo News - - BUSINESS - – Jonathan D. Ep­stein – New York Times Dis­ney’s profit soars, but fo­cus is on stream­ing ser­vice – New York Times

Kaleida Health will for­mally ded­i­cate the new $7.8 mil­lion emer­gency depart­ment at DeGraff Memo­rial Hos­pi­tal on Tues­day morn­ing, as part of its planned en­hance­ments and up­grades to its only Ni­a­gara County hos­pi­tal.

The mod­ern­iza­tion and ex­pan­sion marks the first sig­nif­i­cant change to the unit at DeGraff — which was built in 1962 — since it was last ren­o­vated in 1975.

The project dou­bled the emer­gency depart­ment’s size to 10,000 square feet and moved it from the west side of the hos­pi­tal cam­pus to the east side, fac­ing Twin City High­way.

The new depart­ment fea­tures 17 treat­ment bays, in­clud­ing a trauma room, a ded­i­cated bariatric room and an iso­la­tion room for air­borne dis­eases. It also in­cludes a de­con­tam­i­na­tion area for both cur­rent and emerg­ing in­fec­tious dis­eases.

The new fa­cil­ity will use nonglare light­ing and slip-proof floor­ing for the ben­e­fit of older pa­tients and will also fea­ture more fam­ily space and signs with over­sized let­ter­ing.

For­tune mag­a­zine sold to Thai busi­ness­man

Mered­ith Corp. will sell For­tune mag­a­zine to a Thai busi­ness­man for $150 mil­lion, the com­pany said, as it con­tin­ues to off­load some of the sto­ried brands it ac­quired with its pur­chase of Time Inc. last year.

The deal comes al­most two months af­ter Mered­ith said it would sell Time mag­a­zine to bil­lion­aire Marc Be­nioff for about $190 mil­lion.

Chatchaval Jiar­a­vanon, a board mem­ber of Charoen Pokp­hand, a Thai con­glom­er­ate, will own For­tune as a per­sonal in­vest­ment, ac­cord­ing to a state­ment from Mered­ith.

He in­tends to ex­pand in­vest­ment in For­tune’s dig­i­tal ca­pa­bil­i­ties, geo­graphic ex­pan­sion and ed­i­to­rial ta­lent, the state­ment said.

“Our vi­sion is to es­tab­lish For­tune as the world’s lead­ing busi­ness me­dia brand, with an al­ways-on reach and global rel­e­vance,” he said.

“The de­mand for high qual­ity busi­ness in­for­ma­tion is grow­ing, and with fur­ther com­mit­ted in­vest­ment in tech­nol­ogy and bril­liant jour­nal­ism, we be­lieve the out­look for fur­ther prof­itable growth is ex­cel­lent both for the pub­li­ca­tion and the events busi­ness,” Pokp­hand said.

Mered­ith had an­nounced in March of this year that it was seek­ing a buyer for For­tune, as well as other for­mer Time Inc. ti­tles, in­clud­ing Money and Sports Il­lus­trated.

The de­ci­sion to sell Time, Sports Il­lus­trated, For­tune and Money was widely ex­pected at the time, but it fur­ther sig­naled the de­cline of the mag­a­zine in­dus­try.

The com­pany ac­quired For­tune with its $2.8 bil­lion ac­qui­si­tion of Time Inc. last No­vem­ber, in a deal that made it the largest mag­a­zine pub­lisher in the United States.

LOS AN­GE­LES – Dis­ney re­turned to an­nual profit growth Thurs­day af­ter a dif­fi­cult 2017, the re­sult of block­buster movies, ris­ing theme park at­ten­dance and a sta­bi­liz­ing ESPN.

De­spite re­port­ing a record profit of $12.6 bil­lion for its fis­cal year, The Walt Dis­ney Co. spent most of a call with an­a­lysts dis­cussing its high-risk plan to in­tro­duce a Net­flix-style sub­scrip­tion stream­ing ser­vice late next year, which will carry enor­mous con­tent, tech­nol­ogy and mar­ket­ing ex­penses.

Robert Iger, Dis­ney’s chief ex­ec­u­tive, un­veiled the name of the stream­ing ser­vice Thurs­day, telling an­a­lysts on a con­fer­ence call that it would be called Dis­ney Plus, styled by the com­pany as Dis­ney+.

In ad­di­tion to the orig­i­nal shows and films al­ready an­nounced, Dis­ney Plus will in­clude a live-ac­tion “Star Wars” se­ries based on the rebel spy Cas­sian An­dor, a char­ac­ter from the 2016 film “Rogue One: A Star Wars Story.” Diego Luna will reprise the role, Iger said.

Dis­ney Plus will also fea­ture a live-ac­tion Mar­vel se­ries about Loki, the god of mis­chief from the “Thor” movies. Tom Hid­dle­ston will reprise that role.

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