| Business Summary | | Unico,
Inc.
is
the
holding
company
for
The
Independent
News.
The
Independent
News
is
a
freely
distributed,
independently
owned
newspaper
in
Northern
New
Jersey.
It
has
a
circulation
of
approximately
110,000
and
annual
revenues
of
approximately
$2,300,000.
The
newspaper
is
mailed
directly
to
recipients,
as
opposed
to
simply
being
placed
at
various
distribution
points
in
restaurants
and
shopping
centers.
Unico,
in
conjunction
with
The
Independent
News,
developed
a
Web-based
advertising
platform
that
placed
certain
parts
of
the
Independent
News
and
its
news
content,
along
with
its
advertisers'
advertisements,
on
the
Web.
This
enabled
The
Independent
News
to
increase
its
advertisers'
advertising
rates
and
gross
advertising
revenues,
because
the
advertisers
now
had
additional
exposure
on
the
Web
where
local
recipients
of
the
newspaper
could
find
out
what
products
were
being
advertised. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Unico,
Inc.
is
a
multimedia
company
focusing
on
acquiring
and
the
development
of
Internet
related
news
and
media
entities.
For
the
six
months
ended
6/30/01,
revenues
totaled
$1.1
million,
up
from
$0.
Net
loss
fell
54%
to
$259
thousand.
Revenues
reflect
the
acquisition
of
The
Independent
News
in
July
2000.
Net
loss
was
partially
offset
by
costs
for
production
and
increased
employee
and
non-employee
compensation
and
services. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Jay Weppler, 57 Chairman,
CEO | $40K | Joe Nicastro, 42 Pres,
Director | -- | Ron Stoeppelwerth, 53 CFO | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|