Revenue up but net income down at Salem Media Group
Story updated at 10:40 a.m. March 10: Salem Media Group, a Christian and conservative media company based in Camarillo, announced a decline in fourth quarter and full year net income, despite revenue increases. Revenues for the quarter ended Dec. 31 came to $70.7 million, up from $69.1 million for the fourth quarter of 2015. Full Read More →
Stellar Biotechnologies gets immunotherapy manufacturing contract
Port Hueneme immunotherapy company Stellar Biotechnologies announced an exclusive multi-year supply agreement with Taiwanese manufacturer Amaran Biotechnology. The agreement coincides with late-stage clinical studies for an immunotherapy called Adagloxad Simolenin, which treats cancers including metastatic breast cancer. The two companies will also develop the manufacturing process for Stellar’s Keyhole Limpet Hemocyanin conjugated vaccine, made from Read More →
Regional economy expected to grow under Trump
The regional economy will continue to rally around the positive momentum stemming from the election of President Donald Trump, Director of the California Economic Forecast Mark Schniepp said Feb. 2. Schniepp expects modest economic growth to continue through 2017. The “Trump bump” may even delay a recession, speakers said at the 2017 Los Angeles County Read More →
Ventura County Community Foundation appoints Scott Hansen as chair
The Camarillo-based Ventura County Community Foundation appointed Scott Hansen as its new chair. Hansen is the Wells Fargo regional managing director of wealth management for the Santa Barbara and Westlake Village markets. He manages a team of more than 100 financial professionals from Paso Robles to Studio City. “Scott Hansen has the professional expertise to Read More →
California, U.S. must stop dreaming and face fiscal reality
Maybe it’s time to get real. The idealized view of America that brought about the populist revolution in the November election is not going to come back. Going back to 1970s or 1980s work rules would mean shackling millions of workers to jobs that offered little mobility, bare-bones pensions without inflation protection and uncertain prospects Read More →