IBJ podcast-logo

IBJ podcast

Business News >

More Information


United States








The new owner of WISH is investing $3 million. He explains why.

Indianapolis native DuJaun McCoy is back home with a big project. In April, he purchased WISH-TV Channel 8 and sister station WNDY-TV Channel 23 for $42.5 million, becoming the only black owner of a TV station in a Top 50 market. Now, he's investing $3 million in equipment and a new vehicle fleet to help his team compete. And he's adding more than 20 people to the staff—including more salespeople and journalists, with an emphasis on multicultural and medical reporting. McCoy talks with...


Roger Penske wants to create an 'entertainment capital' in Speedway. What does that mean?

When Roger Penske and his Penske Corp. acquire Hulman & Co., they're getting more than just the Indianapolis Motor Speedway and adjacent Brickyard Crossing Golf Course. In fact, Penske is buying some 950 acres in Speedway, about 37% of the land in the town. And Penske wants to turn that land and the community into an "entertainment capital." As an example, he points to the Kansas Speedway, where restaurants, an outdoor mall, major league soccer stadium, minor league baseball stadium,...


Pete the Planner on the five deadly sins of money management

Managing money should be relatively easy, right? It's just math. Of course, we all know it's actually math plus a bunch of emotions and even baggage. Fear, envy, greed all play into our financial decisions—and sometimes our lack of action. This week, Peter "Pete the Planner" Dunn and host Mason King talk about the five deadly sins of money management, how to spot them and how to manage them. And both admit to some of their own foibles. Plus, Dunn talks about the biggest problem he sees...


Have you seen this guy painting on the Circle? That's no accident.

If you've spent any time on the Circle this summer, you've probably seen Justin Vining painting the Soldiers & Sailors Monument or the surrounding buildings or even the downtown streets and people. It's part of an effort the attorney-turned-artist is making to raise his profile as he prepares to move out of the popular Harrison Center for the Arts and into his own studio and gallery space in a building he and his brother, an attorney, have purchased. The marketing tactic has worked. People...


The latest on Indy's downtown restaurant scene: What's coming, what's going

Some of downtown Indy's most prominent restaurant locations are empty with the recent closings of Palomino, Hard Rock Cafe, Scotty's and Granite City. But brokers tell IBJ that the restaurant scene is healthy and the closings have more to do with problems at those individual chains. In fact, they say those spots should fill up fairly quickly. In this week's podcast, IBJ real estate reporter Mickey Shuey describes the downtown restaurant scene, with details about what's closing, what's...


Is it time to abandon the 'amateur' model for college sports?

California Gov. Gavin Newsome two weeks ago signed a bill into law that allows college athletes to profit from the use of their name, image and likeness. And the law expressly prohibits the Indianapolis-based NCAA, its member conferences and schools from barring players from doing so. That's a huge change for college sports, but it didn't come out of the blue. Talk about how to compensate athletes—some of whom play a crucial role in driving ticket sales and alumni donations—has been...


The story behind one of Brown County's newest attractions—Hard Truth Hills

When Jeff McCabe and his partners first decided to go into business together, the goal was pretty simple: Nashville, Indiana, needed a brewery and they might as well be the ones to open it. So was born Big Woods, the first in a series of related companies that also includes Quaff ON! Brewing Co. and Hard Truth Distilling Co. Big Woods now has restaurants open or getting ready to open in Nashville, Bloomington, Speedway, Franklin, Noblesville and Westfield, while Quaff ON! brews some 10,000...


This vice principal's 'barber shop' helps turn boys into men

Fred Yeakey learned early in his teaching career that one way to have in-depth conversations with his students was to cut their hair. Something about the give-and-take that occurs during that interaction allowed kids to open up in ways he hadn't seen before. And so was born Mr. Yeakey's barber shop—a program the educator has taken with him as he's changed schools. Today, at Providence Cristo Rey High School, where Yeakey is vice principal of culture and mission, a handful of students...


This AI whiz chose Indy over Silicon Valley. He explains why.

Luke Zhang had offers from the biggest tech firms in the country when he graduated with three degrees—in computer science, software engineering and mathematics—from Rose-Hulman Institute of Technology. But Zhang chose to take a job instead with DemandJump in Indianapolis, a move he attributes to the people he met during a TechPoint internship program and the desire to be in a place where he could make a difference. Zhang, who came to the U.S. from China as a teenager, talks with podcast...


How a former cop came to lead the area's top-selling real estate team

Dennis Nottingham was on a police run when he met a house flipper who piqued his interest in real estate. Not long after, Nottingham took some classes and got his real estate license. And for awhile, he sold houses on the side, while working the night shift for the Indianapolis Metropolitan Police Department. But after his daughter was born, Nottingham knew something had to give. So he moved into real estate full time, with a focus on selling foreclosures and homes in need of major...


How to prepare for the next recession

History tells us that a recession is all but inevitable. But just when the next slowdown will strike is a mystery. So is there something you should do now to prepare? IBJ columnist Peter Dunn—aka Pete the Planner—says yes. But unless you're within 10 years of retirement, resist making big changes to your investments. Pete talks to host Mason King about how to look at your budget and evaluate your readiness for a recession, and he offers advice about the kinds of changes that can help....


Upland expands Indiana footprint as it sends beer overseas

Upland Brewing Co. opened its main brewery and first brewpub in Bloomington in 1998 and this year will produce 16,000 barrels of beer a year, making it the state's third-largest brewer. It now operates two brewpubs in Indianapolis and one each in Carmel, Columbus and Bloomington, as well as tasting facilities at its two Bloomington breweries. Host Mason King talks with Pete Batule, Upland’s chief operating officer, about the company's growth, including its busy new brewpub in Fountain...


Don Brown's newest venture combines his two passions: health and technology

Don Brown is best known in Indy tech circles for launching and selling high-profile tech companies, including Software Artistry, which he sold to IBM for $200 million, and Interactive Intelligence, which sold to Genesys for $1.4 billion. What many don't know is that he's also a doctor. That's right, Brown has a medical degree from Indiana University and and a master’s in biotechnology from Johns Hopkins University. (He earned the former while simultaneously earning a master's of computer...


Is the historic Drake building worth saving?

The Children’s Museum of Indianapolis last month announced it planned to demolish the Drake, a nearby, 91-year-old apartment building it owns, with the goal of using the space—at least for now—for additional parking. But historic preservationists want to save the building, and urbanists say the region needs more affordable housing, especially given that the Drake sits near a stop for the soon-to-open Red Line rapid transit route. IBJ reporter Hayleigh Colombo talks about the...


How Indy will use tax incentives to combat low wages

Soon companies will need to pay at least $18 an hour and offer other benefits—like health insurance or help with child care, transit or other worker needs—to be eligible for tax incentives and training grants from the city of Indianapolis. The change is part of an effort by the city and Indy Chamber to combat poverty and help move more lower-income residents into the middle class. Host Mason King talks with Ian Nicolini, vice president of Develop Indy, the city's economic development...


Profitability for Blue Indy still 'a few years away'

The Blue Indy electric-car-sharing service launched in Indianapolis in 2015. It had its detractors, but you couldn’t fault the service’s backers for being timid. Basing Blue Indy on a service that had tens of thousands of subscribers in Paris, they predicted that by 2020 the company would be profitable and have at least 15,000 members, 200 charging stations, and 500 electric cars on the road. Wholeheartedly supported by the Ballard administration, Blue Indy carved out curb-side stations...


Country clubs make updates from age of Cadillacs and ‘Caddyshack’ to attract family-oriented millennials

This isn’t your just father’s weekend retreat or mother’s opportunity to binge on bridge. Not anymore. Country clubs across the nation are in the midst of a transformation as the latest generation of breadwinners decide how they want to spend their leisure time and disposable incomes. As the conventional wisdom goes, millennials are fiercely independent, burdened by college debt and skeptical of traditional institutions. But research by the golf and country cub industry indicates that some...


Avoiding the icebergs that can sink your startup

Husband-and-wife team Kim and Todd Saxton, both professors at the IU Kelley School of Business at IUPUI, have spent a lot of time inside and outside the classroom serving as mentors to startup founders trying to make their way through the choppy waters of entrepreneurship. So they recently teamed up with Michael Cloran, a local entrepreneur and partner at DeveloperTown, to write a book of advice about what NOT to do when you're starting a company. The book—“The Titanic Effect: Successfully...


Pete the Planner on the magic of a 15-year mortgage

In residential real estate, the 30-year-mortgage is king. But why? A 15-year mortgage saves you money, reduces your expenses later and helps you be more realistic about how much house you really need, says Peter Dunn, better known as Pete the Planner. Pete talks with guest host Lesley Weidenbener about all things mortgages—determining how much house you can afford, why you shouldn't put down less than 10% and why the idea of starter homes and family homes is silly. And Pete explains why...


Morales Group wants to get you a job—then a better one, then a career

Morales Group launched in 2003 with a focus on placing Hispanic workers into jobs, but the company has grown and expanded—both in geography and in the people it serves. Today, about half of the people Morales Group places are migrants, immigrants or refugees. In fact, 37 countries are represented by Morales Group’s internal employees and the associates the company has placed. That means the $100 million firm spends more money upfront to solve language barriers and provide training. But...