Daily Record FINANCIAL NEWS &
MONDAY, SEPTEMBER 12, 2016
Vol. 103, No. 216 • Three SecTioNS
Tegna changing direction again
CONTINUED ON
Page
www.jaxdailyrecord.com
Building a family legacy for several generations Sons follow fathers in homebuilding business
from national builders. And each other. Other Jacksonville homebuilders with a strong famIf a picture can be worth ily lineage include North a thousand words, J. Rene Florida Builders’ Howard Dostie’s architectural drawWhite and his son, Jason; ings are priceless. ICI Homes’ Don Wilford To his family, at least. and his sons, Matt and Some of the late homeMichael; and Tom Trout builder’s methodically penThe Dostie family, Page A-9 General Contractors’ Tom ciled plans, dating back to Trout Jr. and his son, Tom the 1950s, are proudly disTrout III. played in frames in Dostie Matt Wilford, a Marcus Homes’ boardroom. Allen Homes project manThe pre-construction ager, is among the Jacksonillustrations help document ville homebuilders to follow a rich family history in the their forebears’ footsteps homebuilding business. — but with different comRick Dostie says the panies. drawings are particularly “I wouldn’t be doing remarkable considering his what I’m doing if it wasn’t The Trout family, Page A-9 grandfather had a junior for my father and his high school education and uncanny ability to do what no architectural training. he does well,” he said “He was one of the smartThe Family Business est people I’ve ever known Institute, a Raleigh, N.C., — way before his time,” he consulting firm, says 30 persaid. cent of all family businesses Rick and his brother, survive into the second Chris, are continuing a generation, 12 percent in to family legacy — but not the third generation and 3 because they were prodded percent into the fourth gento do so. The White family, Page A-10 eration. “Just like my dad, I The topsy-turvy construcdidn’t necessarily want tion industry, in particular, my sons to be buildis notoriously harsh on ers,” concedes Richard families — and succession Dostie, J. Rene’s son, plans. and Rick and Chris’ father. It’s too early to tell yet “It’s a risky business.” whether any of Rick and Dostie Homes is among The Wilford family, Page A-11 Chris’ children, who range Northeast Florida’s mulin age from 2 to 10, will tigenerational continue into the Dostie family business. family contractors to survive But already, they all like to tag along with harsh economic downturns and their fathers at job sites. “My message to them fierce will be similar to my dad’s was to us,” Chris compesaid. “I’ll help them any way I possibly can, tition but I would never want them to feel any pressure to get into it.”
By Kevin Hogencamp Contributing Writer
Two years after Gannett Co. Inc. decided to split its businesses into separate public companies, one of those two is changing direction again. Tegna Inc., which became a broadcasting and digital company after the split, is shedding its online businesses. That will make it basically just a television company operating 46 stations, including WTLV TV-12 and WJXX TV-25 in Jacksonville. Tegna said last week it will spin off Cars. com, an auto shopping website, as a separate public company. It is also exploring strategic alternatives for its 53 percent interest in job website CareerBuilder.com. Gannett announced plans to split up in August 2014, with its newspaper businesses remaining under the Gannett name while the broadcasting and digital businesses were bundled together in the company that was named Tegna. It completed that split in June 2015. CEO Gracia Martore said in a news release the Cars.com spinoff “is the next logical step” for its businesses. “Each business will have increased strategic, operating and financial flexibility at a time when the broadcast and digital sectors are both rapidly evolving — presenting both companies with a wealth of opportunities,” she said. “Tegna will have a strong balance sheet and cash flow to continue to pursue investment in organic growth and opportunistic acquisitions and to provide an optimal mix of capital returns to shareholders,“ she said. BASCH
35¢
PAGE A-6
A-3
Courthouse security under the microscope
Mahon, Edwards on statewide panel to assess needs By David Chapman Staff Writer As a young attorney, Thomas Edwards Jr. heard an older lawyer describe the courthouse as being “the razor’s edge of dispute in our society.” The courthouse is a place where families can be separated, civil disputes resolved and emotions run high in decisions that impact lives. It’s also a place where safety is paramount to all parties involved while those decisions are made.
Public UBLIC
To that end, the Florida Supreme Court last month created a workgroup to review courthouse security across the state and ensure resolutions remain peaceful. Edwards, a partner with Edwards & Ragatz, and 4th Judicial Circuit Chief Judge Mark Mahon will help lead efforts of the 12-member Trial Courthouse Security Workgroup. They each have 30-plus years in the legal field. “It’s a very large task,” said Mahon. “There are so many dif-
legal LEGAL NoTiceS NOTICES begiN BEGIN oN ON Page PAGE
b-2 B-3
ferent courthouses across Florida and security primarily falls to the county … There’s not a single standard.” Locally, they said, courthouse security in Duval County is in pretty good shape. The courthouse, which opened in 2012, is one of just a few in Florida that have been built since 9/11. It features updated, distinct security features. Mahon declined to discuss specifics, citing security concerns. However, he said the courthouse has been a standard bearer that
has attracted attention from the judiciary and law enforcement officials across the state. The workgroup first met Aug. 11-12 and spent the second day touring the facility. Other groups will tour soon, too, said Mahon. It wasn’t always that way, though. The difference in security is “light years away from where we were,” Mahon said in comparing the new courthouse with the old one on Bay Street. He remembers a time as a new SECURITY CONTINUED ON PAGE A-8
P PUBLISHED ubliShed FOR for 26,975 27,016
Mahon coNSecuTiVe CONSECUTIVE weekdayS WEEKDAYS