Posted on: Friday, June 24, 2005
BUSINESS BRIEFS
Gas prices hit Honolulu record
Advertiser Staff and News Services
The average price for regular gasoline in Honolulu rose to a record $2.457 a gallon, according to today's AAA Daily Fuel Gauge Report.
In Hilo on the Big Island, it averaged $2.584 a gallon, down from a record $2.631 set yesterday. Statewide the average was $2.547 a gallon. In Wailuku, Maui, regular gas averaged $2.794 a gallon.
EVA Air will resume flights from Taipei to Honolulu Saturday for the first time since it halted service between the two cities in September 2000.
The airline will make the 10-hour direct flight three times a week on Tuesday, Thursday and Saturday using Airbus A330-200 aircraft, spokeswoman Yuli Chen said. EVA air says the new service will bring 18,000 air seats from Taipei to Honolulu this year.
The first flight will be marked with a ceremony at Foreign Arrivals Building attended by Steve Lin, EVA Air chairman; Rex Johnson, Hawaii Tourism Authority president and chief executive; Jemy See, Taiwan director of Hawaii Tourism Asia; and Philip T.Y. Wang, director general of the Taipei Economic and Culture Office.
Gannett Co., the nation's largest newspaper publisher and owner of The Advertiser, may buy 16 TV stations from Indianapolis-based Emmis Communications Corp., Gannett Chief Executive Officer Douglas McCorkindale said.
Emmis, which owns Fox affiliate KHON and CBS affiliate KGMB in Honolulu, is selling some or all of its TV stations to reduce debt. Emmis owns the two Hawai'i stations under a Federal Communications Commission exemption that has generated criticism that dual-ownership results in less competition and diversity of news coverage and analysis. Any potential sale of the stations likely would require FCC approval.
Several other companies are considered potential buyers.
The future of media ownership regulations, including those restricting ownership of a newspaper and a TV station in the same market, remains uncertain.
Taipei-O'ahu flights resume
Gannett looks at Emmis holdings
