Kaleida to unveil enlarged DeGraff emergency unit
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.