A comprehensive study by the Pew Research Center found daily newspapers are losing $7 in print ad revenue for each $1 they gain in digital advertising income.
The study involving 38 newspapers from across the U.S. found that dailies of less than 25,000 circulation were losing print ad revenue at a slower rate, about one-third the rate than those papers with 50,000 subscribers or more.
Isle of Capri Casinos, Inc. - owner of the riverboat casinos in Bettendorf and Davenport - reported a $1.2 million loss for its third quarter ended January 22.
The 3 cents per share loss was an improvement over the third quarter of 2010 when the firm incurred a $2.66 million loss, or an 8 cents per share decline.
A more than 2 percent decline in MidAmerican Energy's return on common equity in 2011 has prompted the utility to abandon a nearly decade-long rate deal and seek a two-year electric rate increase totaling $115 million.
The privately owned utility sent customers notices of the rate increase a week ago and MidAmerican is expected to file the rate case with the Iowa Utilities Board (IUB) next week.
Bettendorf city officials say they see no reason to curtail an "aggressive" capital spending plan or reduce long-term debt because overall city property values continue to grow significantly from higher assessments and strong commercial and residential construction.
City Administrator Decker Ploehn told alderman at a recent budget session that "picking an arbitrary debt levy rate or debt margin to living within may not allow the growth needed to maintain or upgrade our existing infrastructure."
Two high visibility Bettendorf intersections -- 18th Street and Spruce Hills Drive and Middle and Belmont Roads -- would get major new commercial businesses under projects being reviewed by the city.
CVS pharmacy wants to build a new 13,000-square-foot store on the northwest corner of 18th and Spruce Hills and is seeking a special use permit for the drive-up window.
Calls to Iowa legislators by members of AARP Tuesday (1/31) apparently delayed the first vote on a controversial bill giving MidAmerican Energy authority to raise electric rates upfront to pay for construction of a nuclear power plant.
Lee Enterprise stock nearly doubled in price to $1.71 a share earlier this week after news the company had received approval to exit bankruptcy and complete its planned debt refinancing.
The Davenport-based publisher of 48 newspapers, including the Quad City Times, filed for voluntary bankruptcy December 12, 2011 in order to get a small group of lenders bound to terms of the refinancing.
Iowa's largest ethanol producer – POET, LLC – has agreed to fines totaling $53,000 for hazardous air emissions from its Shell Rock refinery over a two-year period.
The Iowa Department of Natural Resources (IDNR) imposed a $10,000 fine – the most the department is allowed to levy without... more
The city of Bettendorf has agreed to pay a total of $2.3 million to the victims struck by a car while they were walking on the pedestrian trail adjacent to the I-74 Bridge two years ago.
Two of the victims were killed and the third seriously injured when a drunk driver mistook the bike/... more
A federal judge on Monday issued a preliminary injunction for Iowa’s law on illegal immigration, blocking it before enforcement was set to begin July 1.