Talk:Innovate Corp.

Group of Four Link

Why is there a link to the Group of Four on this article? Primus to not participate in the Group of Four, so it should be removed. BrianSkelly 11:45, 24 June 2006 (UTC)

Speedy Deletion

This article is not notable. It does not cite any verifiable references. (Pasca 02:56, 11 January 2007 (UTC))

• I do not feel that this article should be speedy deleted. I think if this is to be deleted, it should be done as AfD. While the references are not cited, I think that they could be found rather easily. I also feel that Primus is notable as it is one of the major VoIP companies in the US and Canada. --Адам12901 ^Talk 05:07, 28 March 2007 (UTC)

I agree with Adam, and I have added sourced information with links for verification. Although the article seems to have started out as marketing puffery, the subject is worth covering seriously because the company has become the subject of considerable controversy and litigation, affecting many customers and some major investors. With accelerating losses over USD $100 million in 2005 and over USD $200 million in the last 12 months (http://moneycentral.msn.com/investor/research/msnbc/profile.asp?Symbol=prtl), this company looms as a growing story. The source for the declining revenue and 2006 results is the company's own SEC filings, audited by D&T.[[1]]TVC 15 01:20, 31 July 2007 (UTC)

undoing spam

August 2007: I reverted an anonymous edit due to PR puffery that attempted to censor negative information and substitute advertising instead. One amusing reference was a purported endorsement saying Lingo had been "recognised as one of the best value VoIP providers" by VOIP reviews online; in reality, the linked review wrote, "The price and feature benefits of Lingo are hurt by the companies repeated quality issues." (http://www.voipreviewsonline.com/2005/10/comparison_ling_1.html) The puffery deleted the fact that the stock has dropped more than 98% from its 2000 peak, and replaced that with the statement that it's up 20% in 12 months; actually, it's up 50% in 12 months, even after dropping more than 30% in the last one month, but with an OTC penny stock such gyrations are to be expected especially if spammers pump-and-dump. It's bad enough that spammers hijack e-mail to tout target stocks, without also spamming WP.TVC 15 18:08, 18 August 2007 (UTC)

Fair use rationale for Image:Primus logo.png

Image:Primus logo.png is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.

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BetacommandBot (talk) 14:28, 8 March 2008 (UTC)

External links modified

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Rename to INNOVATE

We should add a line to the history (and probably change the page). The only issue is that I can't find a secondary source for this. All I see are a couple of sites that have published INNOVATE's own press release. -- Fyrael (talk) 19:45, 20 September 2021 (UTC)

What about this source: [2]--ArhedisVarkenjaab (talk) 01:22, 28 September 2021 (UTC)

Yeah, that looks alright. Is there more than just those 3 sentences? -- Fyrael (talk) 03:30, 28 September 2021 (UTC)

Yes, here is the text of the article

HC2 In Q2: A New Way To Innovate For Diversified Operation Radio + Television Business Report By Adam Jacobson 11 August 2021

HC2 Holdings, which amassed a sizable portfolio of low-power TV stations under former head Philip Falcone, has just shed the last vestiges of that era.

As of last week, it has a new name: Innovate Corp. The news arrived along with the company’s Q2 earnings report.

The name change, the New York-based outfit led today by CEO Wayne Barr Jr. explains, reflects a platform of “innovative infrastructure, life sciences and spectrum businesses.”

Fueling the end of the HC2 name is performance at its infrastructure portfolio company DBM. “Following its acquisition of Banker Steel, DBM recorded a record backlog of $1.6 billion at the end of the quarter,” said Avie Glazer, HC2’s Chairman. This outstanding performance was repeated in Spectrum, which had a record Adjusted EBITDA of $2.7 million.”

The Spectrum business is what fueled HC2’s buying spree, and what is dictating how it moves forward as a licensee of broadcast TV stations. While HC2 has shed several TV properties since mid-2020 with Greg Guy of Patrick Communications in the role of broker of record, the move was designed to refine its television and spectrum operation — not shed it completely.

In fact, HC2 remains the nation’s largest owner/operator of Class A and LPTV television licenses “with plans to add even more stations in the next several months.”

This suggests that many of the assets acquired under Falcone, now heading Sovryn Holdings, were simply not in concert with HC2’s monetization models.

How did HC2 Broadcasting fare in the second quarter of 2021?

Adjusted EBITDA for the quarter of $2.7 million was seen, swinging from an Adjusted EBITDA loss of $1.2 million in Q2 2020. “HC2 Broadcasting’s results for the quarter reflect the results of our efforts to improve operations and reduce costs across the platform, along with growth in Station Group over-the-air (OTA) revenues,” the company now known as Innovate says.

It is the third consecutive quarter of positive Adjusted EBITDA for HC2 Broadcasting.

As of June 30, HC2 Broadcasting operates 227 stations, of which 212 are currently connected to the company’s Miami-based CentralCast system. The HC2 Broadcasting footprint includes operating stations in 94 markets in the U.S. and Puerto Rico, including operating stations in 34 of the top 35 DMAs.

--ArhedisVarkenjaab (talk) 11:36, 28 September 2021 (UTC)