June 16, 2014Here are additional photos of last week-ends event of terrific jazz.Awesome bassist Harrison Bankhead came from Chicago.[photo by Sue Kirsch]Festival organizer Milt Cannon of Charles McPherson on sax was a definite highlight of the event, here with Harold Landon on piano, Harrison Bankhead on bass and on drums the amazing Buddy Banks.[photo by Sue Kirsch]Charles McPherson.Most recently Charles McPherson composed, arranged and produced the gorgeous musical extravaganza “Sweet Synergy Suite” – a Jazz Ballett, in coorporation with the San Diego Dance Co. under the direction of choreographer Javier Velasco.It was aired live on ‘jazz88’ on March 9. 2014 to a  minute standing ovation with overwhelming internet response.[photo by Sue Kirsch]Here is Charles McPherson with Harold Landon, Harrison Bankhead, Anthony Reed on trombone, Brian Messenger on guitar and Buddy Banks on drums.[photo by Sue Kirsch]Anthony Reed, in the background is Miles Dalto on piano.[photo by Steven Bochinski]One really cannot say enough about the level of excellence that this years performers brought to the Arcosanti stage. It was an absolute treat!
Pay TV operator BSkyB has named JD Buckley as managing director of its operations in the Republic of Ireland.Buckley, who will report to Sky’s sales and marketing group managing director Stephen van Rooyen, is joining the group after operating his own business consultancy. He was previously CEO of the Cayman Islands and subsequently the North Caribbean region for mobile operator Digicel.Sky plans to open a new call centre in the Irish capital Dublin this summer, with 800 new jobs.
Moody’s Investor Service has given a first-time credit rating of B1 to Spanish regional cable operator Telecable, owned by UK investment outfit Zegona Communications.Moody’s assigned a first-time B1 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to the Asturias region operator, and a B1 rating and loss given default (LGD) assessment of LGD3 to the company’s €320 million senior facilities agreement. Moody’s said the outlook on its ratings is stable.Moody’s commended Telecable’s strong position in Asturias, particularly in the pay TV segment, its track record of solid operating performance despite the economic slowdown, the favourable trends in the Spanish telecoms market, the quality of its fully invested network that leads to strong adjusted EBITDA margins of around 50%, its moderate leverage levels, balanced financial policies and adequate liquidity profile.On the downside, the ratings agency noted possible risks concerning Telecable’s small size and concentration in one region of Spain, the competitive environment where larger integrated operators could accelerate their fibre deployments plans, its high exposure to premium content, which is becoming more expensive, the potential for higher mobile access costs related to its reliance on a MVNO model, the expected use of a large part of cash flow generation for shareholder distributions, and its unhedged exposure to potential interest rate increases.“The assigned B1 rating balances Telecable’s solid and entrenched market position in its home market, improving trends in the Spanish telecoms market, its financial and operational track record and high-quality network, its moderate leverage, and its prudent financial policies and liquidity against its modest scale because of its concentration in one region of Spain, the potential for increased competition and more expensive content costs, and its limited free cash flow generation after shareholder distributions,” says Iván Palacios, Moody’s vice-president, senior credit officer and lead analyst for Telecable.“Moody’s rating is a ringing endorsement of Telecable’s current performance and its future prospects. The resulting B1 rating is in line or better than many far larger European cable operators, and in fact represents the highest rating of any European TMT company of its size,” said Eamonn O’Hare, chairman and CEO of Zegona.