BUSINESS BRIEFS
$40M sale of KGMB complete
Advertiser Staff and News Services
Emmis Communications Corp. said yesterday it has completed its $40 million sale of KGMB-TV.
HITV Operating Co., a unit of Arlington, Va., investment firm MCG Capital Corp., takes over the local CBS affiliate and its 41,000-square-foot offices on Kapi'olani Boulevard.
Indianapolis-based Emmis purchased KGMB and seven Mainland stations from Lee Enterprises in October 2000. But the company recently decided to get out of the television business, selling KGMB, local Fox affiliate KHON-TV and 14 of its Mainland television stations.
DECLINE IN AIRLINE PASSENGER SEATS
The total number of airline passenger seats to Hawai'i is expected to decline by 1.1 percent to nearly 2.8 million during the busy June-through-August period, according to a new report.
But the monthly study by the state Department of Business, Economic Development and Tourism also estimated that airline capacity from Japan will rise by 6.3 percent to 494,040 seats during the same period.
The gains from the Japanese market will partially offset a 1.7 percent decline in passenger seats on flights originating from the U.S. Mainland, according to DBEDT's figures.
Airline capacity from the East Coast is expected to fall by 13.9 percent between June and August, the study said. Capacity from the West Coast is expected to increase by 0.6 percent during the same period.
IRS WARNS OF NEW E-MAIL SCAM
The Internal Revenue Service is warning taxpayers of the latest e-mail scam intended to fool people into believing that they are under investigation by the agency's criminal investigation division.
The e-mail states that the person is under a criminal probe for submitting a false tax return to the California Franchise Tax Board. People receiving the e-mail are asked to click on a link or open an attachment to learn more about the complaint against them.
The IRS said the e-mail link and attachment are "Trojan horses" that can take over a person's computer hard drive and allow someone remote access to the computer.
The latest scam is targeted at businesses as well as individuals.
Recipients of the e-mail should not open the attachments or the link. Instead, the IRS asks that the e-mail be forwarded to phishing@irs.gov.
