Daily Record Financial News &
Wednesday, December 7, 2016
Vol. 104, No. 017 • Two Sections
35¢ www.jaxdailyrecord.com
Fidelity spinning off two businesses
Move would make Black Knight and FNFV independent companies By Mark Basch Contributing Writer Fidelity National Financial Inc. announced a plan this morning to shed its controlling stakes in Black Knight Financial Services Inc. and Fidelity National Financial Ventures (FNFV), making both Black Knight and FNFV independent public companies. Jacksonville-based Fidelity owns a majority of Black Knight’s shares and will distribute those
shares to Fidelity stockholders. Fidelity, which is mainly a title insurance company, spun off Black Knight, which provides technology services for mortgage lenders, with an initial public offering last year. FNFV is a subsidiary of Fidelity consisting of Fidelity’s non-real estate-related businesses, including investments in several restaurant chains. The business has traded as a tracking stock representing those
investments, but Fidelity now plans to exchange shares of the tracking stock for shares of common stock in an independent FNFV. Fidelity officials hope separating the stocks of the companies will increase the value. “It has become clear that the complexity of our existing corporate structure is holding back FNF’s share price in general, and the value of our industry-leading title business in particular,”
‘I live one moment at a time. It’s important to live in the moment.’ Deegan thriving in role as ‘chief eternal optimist’
Chairman Bill Foley said in a news release. The spinoffs are expected to be completed in the third quarter of 2017. Foley just last month during Fidelity’s quarterly conference call said the company would likely hold on to Black Knight’s stock for at least a year because of debt issues related to Black Knight. However, Black Knight CEO Thomas Sanzone said in a news Fidelity continued on Page A-4
Developing cyclist and pedestrian safety plan
Hats available for purchase in the small shop at headquarters.
Goal is to no longer be most-deadly city
By Max Marbut Staff Writer
Public
Former First Coast News anchor Donna Deegan in front of a marathon poster at The Donna Foundation headquarters. She has been cancer-free since 2007.
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Photos by Maggie FitzRoy
By Maggie FitzRoy Contributing Writer
When First Coast News anchor Donna Deegan was undergoing treatment for breast cancer, she didn’t hesitate to share the experience with viewers. In 1999, after her initial diagnosis, and again in 2002 and 2007, when the disease reoccurred, she disclosed what it was like to go through chemotherapy, radiation and lose her hair. But she also kept viewers informed of her triumphs in the face of the disease. It led her to embrace a healthier lifestyle, which included running long distances and eating mostly organic and gluten- and dairy-free foods. She started a charity called The Donna Foundation to aid women struggling financially as a result of the disease. And she launched the 26.2 With Donna Marathon to Finish Breast Cancer to raise money for breast cancer research at Mayo Clinic Jacksonville. That annual race, held the second Sunday in February, will celebrate its 10th anniversary next year. Registrations already are up 30 percent over last year. Deegan no longer spends her days and nights in the newsroom. She left First Coast News in 2012, after nearly 30 years in broadcast journalism, to devote more time to her charity and its race. Her career is now devoted to being president and CEO of The Donna Foundation, headquartered at 11762 Marco Beach Drive in Jacksonville. But she doesn’t spend much time in the office. She is out in the community as the face of her philanthropic endeavors. And she travels the country giving inspirational speeches about breast cancer research and the importance of living a healthy lifestyle. In Deegan’s case, CEO stands for Chief Eternal Optimist. It’s a title she is proud to have earned, because she said she used to be a cynic. Workspace continued on Page A-7
Foley
If you walk or ride a bicycle, you have a better chance of being killed in or along the street in Jacksonville than in any major city in the U.S. That’s particularly true if you walk or ride often, as in the case of people who travel to and from work on foot or on two wheels. According to the Alliance for Biking & Walking 2016 Benchmarks Report, even though only 0.5 percent of local commuters walk to work, putting the city 48th among 50 cities studied, Jacksonville’s 45 pedestrian fatalities per 10,000 walking commuters led the nation. A similar percentage of commuters ride a bike to work — which puts Jacksonville at 34th on that list — but again, the city leads the nation in bicyclist commuter fatalities per 10,000 with 40. Even if you don’t ride or walk to work every day, you are still at great risk. “Dangerous by Design,” a study conducted in 2014 by the National Complete Streets Coalition, ranked Jacksonville, with 2.48 pedestrian deaths per 100,000 population from 2008-12, the third-most dangerous city in the country when it comes to walking, behind only Orlando and TampaSt. Petersburg. In an effort to make Jacksonville less noteworthy in terms of cyclist and pedestrian mortality, the city contracted Toole Design Group of Silver Spring, Md., to analyze the area inside the Interstate 295 beltway and then develop a pedestrian and bicycle master plan. The study’s budget is more than $300,000 from special revenue funds and a Public Works road capital project account. The project’s steering committee held its final meeting Tuesday, with Andy Clarke, director of strategy at Toole, presenting preliminary findings. He said after driving and cycling around Duval County and talking to cycling advocacy groups, city and state transportation Bike
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