Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for Business North Carolina Vol. 5 Issue 11, Nov 1985
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Dee Birke and Rick Ray of Charlotte maxed out their credit cards in 1978 to buy the television rights for their first sports venture - the Great Alaska Shootout. They gambled that die-hard N.C. State basketball fans would tune in to see their team. They did, and Raycom Sports was born. It is now the country's largest sports syndication company, growing from $80,000 in net advertising sales in 1979 to a projected $30 million in 1985.
Turkeys are not just for Thanksgiving and Christmas anymore. Over the past twenty years turkey growers have made North Carolina the nation's leading turkey producer, according to statistics from the NC Department of Agriculture. In 1964, 4.4 million were produced with a gross income of $17.4 million. In 1984, 30.4 million were produced with a gross income of $289.1 million.
Rising rates in full-service motels, like Holiday Inn and Ramada Inn, have created a gap between them and the lowest motel chain, Motel 6. Enter Days Inn of America, Red Roof Inn, Super 8 Motel and others to fill the gap between the high and low places. This means big profits for two North Carolina-based economy chains - Charlotte-based Econo Lodges of America and Winston-Salem-based Cricket Inn.