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Three former employees of St. Paulbased Conus Communications have purchased the firm's satellite-services division for an undisclosed price.
Conus, a limited partnership mostly owned by St. Paul-based Hubbard Broadcasting, has been slimming down in recent months to better compete in the highly competitive satellitecommunications market. Executives at Conus say they're refocusing the company on products and services that will be the most relevant in 10 years.
The sale of the satellite division, renamed Arctek Satellite Productions, was finalized Thursday. The buyers are Todd Hanks, former vice president of satellite services at Conus, Brian Stanley, former operations manager, and Shawn Erickson, former project manager for satellite services. The sale does not include the Conus News Service or the All News Channel, which were closed last fall.
"It's a great investment because of the people we're associated with," said Erickson, referring to the divisions connection to Hubbard and Conus and their resources. "It's a no-brainer to keep this going."
Arctek will get Conus clients
Hubbard Broadcasting founded Conus Communications in 1984 to provide newsgathering services to local news stations. The satellite technology it used enabled local...