Watch Lea Michele Join Kristin Chenoweth for a Wicked Duet

first_imgIt’s Monday before noon; have you had a good cry yet? Kristin Chenoweth, after being inducted into the Hollywood Bowl Hall of Fame on June 21, performed at the concert venue a familiar Broadway tune alongside a familiar face: Wicked’s “For Good,” joined by Glee costar Lea Michele. Before singing, Michele revealed just how far back her love for Chenoweth goes: “I watched her Tony performance from Good Man, Charlie Brown over and over again in my living room. I sang the whole song last night—I still remember it.” Us too, Lea. Side note: we’re also obsessed with how into it the pianist is toward the end. Check out the duet below! Star Files View Comments Lea Michele Kristin Chenowethlast_img read more

Hedwig Star Darren Criss Will Host Stars in the Alley

first_imgHedwig headliner Darren Criss will emcee this year’s Stars in the Alley. The event will take place on May 27 in Shubert Alley, between Broadway and 8th Avenue and 44th and 45th Streets. The free outdoor concert in the heart of the Theater District will celebrate Broadway with star appearances and performances from over 20 new shows and long-running faves, accompanied by a 12-piece live orchestra.“Darren Criss has so much energy and enthusiasm for the Broadway community, it will be a treat to have him as our host!” said Charlotte St. Martin, Executive Director of the Broadway League in a statement. “Stars in the Alley is a festive way for the Broadway community and fans to enjoy the magic of Broadway as the calendar counts down to the eagerly anticipated Tony Awards ceremony in June.”Criss recently starred as Blaine Anderson on Glee. He made his Broadway debut in January of 2012 as J. Pierrepont Finch in How To Succeed In Business Without Really Trying. His additional film, TV and stage credits include Girl Most Likely, The Wind Rises, Web Therapy, ABC’s Backstage with Disney on Broadway, as well as hosting duties for the NewNowNext Awards and Teen Choice Awards. Hedwig and the Angry Inch View Comments Star Files Show Closed This production ended its run on Sept. 13, 2015 Darren Criss Related Showslast_img read more

X Factor’s Matt Cardle on ‘F**king Going For It’ in London’s Memphis

first_img View Comments Hockadoo! Memphis the Musical has a new leading man. The West End incarnation of the Tony-winning Broadway hit recently welcomed stage first-timer Matt Cardle to the cast, playing radio DJ Huey Calhoun opposite soul singer and Olivier nominee Beverley Knight as club singer Felicia Farrell. Having come to fame in Britain for winning the seventh season of The X Factor, Cardle has replaced Killian Donnelly in the production at the Shaftesbury Theatre. The genial star spoke to Broadway.com about treading the boards—and learning lines—for the very first time.How did your new theatrical life come about—and Memphis in particular?Doing theater had never crossed my mind! I loved it but it wasn’t on my radar. I had never acted before and it wasn’t something that I thought I would be able to do in the future. But having finished [The X Factor] and been halfway through album number four, my manager called me and said that he had just had Beverley [Knight] on the phone to say that they were looking for a new Huey in Memphis and would I be interested?Were you?In fact, I’d been down to audition for another show in town and things didn’t get very far with that one so I went along and saw Memphis and instantly fell in love with it, as everyone who sees the show does. I was watching Bev very closely, and Killian [Donnelly], and then one thing led to another. It was a case of, I love the show and I had come down and read through the script with the resident director, Tara Wilkinson, and I spoke to my mum and decided that it would be rude not to give it a go.In what way “rude?”Inasmuch as Beverley is such a lovely woman and it was a huge honor to be thought of for something like this, given that I had never in my life picked up a script or ever learned a line!That is amazing, alongside the challenge of playing Huey, who is from an entirely different country and culture.The challenges were coming thick and fast, literally one after the other. First, there was the American accent, and I thought, right, I’ve messed around with accents my entire life but this was the deep south so I had to swerve around that one but I think I managed to do OK.Not to mention tackling a sizable part that brought both Tony and Olivier nominations for its Broadway and West End originators.My dresser told me I’m only ever offstage for 11 minutes, and that time is spent running underneath the stage at full pelt or doing the quickest costume change, sometimes with only 15 seconds or less to spare. There’s no time to sit and think about how things are going, which is good [laughs].How did you actually learn the part?I was watching the show on DVD twice a day and when I went to bed, I would have an audio of the show on my bedside table filtering into my subconscious. I lived and breathed Memphis before we started and then we had three weeks of intense rehearsal. It was like, “Where do I stand? What do I say? How do I say it?” And then, on top of all that, acting with props.Talk about a baptism by fire.I was like, bloody hell. I’m not so much a fish out of water as a goldfish that had landed on the carpet [laughs].At least you only do a seven-show week so you have that eighth show off to catch your breath…or watch from the audience.I get Wednesday afternoon off, but I’m more likely to be lying in bed!What do you think about those who complain that reality TV show alumni are getting cast in musicals over drama students who would give their eye teeth to star in the West End?I would say the same thing in their position! These roles aren’t easy to come by, and people who go to drama school train for years for this kind of thing. So I would not only empathize with their point of view, I would apologize to these people if the reports were coming back that I was rubbish but I think I’m holding my own at the moment. I hope so, anyway!Did your predecessor Killian [Donnelly] give you any advice?He just said, “You gotta f**king go for it!” It’s one of those roles where there’s no point thinking too hard about it. You’ve got to know what you’ve got to do.And of course the material addresses some major themes, beginning with racism in the United States.What I love about the show is that it manages to deal with these issues and to get the message across while also being consistently entertaining. But there are also two or three moments—more than that, actually—where the message comes and stabs you in the gut. There’s no messing about.Had you seen many West End musicals prior to being in this one?Not really. I saw Tommy a long time ago and Les Miz, and I saw Shrek, but I have to say that I was genuinely blown away by Memphis and thought it was just incredible. If I had thought there was no f**king way, I wouldn’t have done it, but I did think there was a slim chance I could pull it off.Now that you’re up and running in this, are you keen to make musical theater an ongoing part of your career?I’ve been given the golden egg here, as you can understand. This is one of the best companies, the best casts, the best shows—these roles don’t come around very often so now that I’ve got this, I’m not looking any further than tonight’s show or tomorrow night’s show.So we’re not going to see you donning a cat suit alongside Beverley [as Grizabella] when Cats returns to the West End later this year?I don’t think so but you never know. I never thought I’d be standing on a stage saying “hockadoo!”Do you even know what that word means?I don’t think anybody knows what it means!last_img read more

Rebecca Eichenberger & John Easterlin Tapped for Phantom

first_imgRebecca Eichenberger View Comments Please, Monsieur: another Giry! Rebecca Eichenberger is set to take on the role of the mysterious ballet mistress in The Phantom of the Opera on April 4. Also joining the company of Broadway’s longest-running show on that date will be John Easterlin, who will make his Broadway debut as opera tenor Ubaldo Piangi. They replace Linda Balgord and Christian Šebek, respectively.Eichenberger previously played the role of Phantom opera diva Carlotta for more than 700 performances, from April 2001 to June 2003. She joins direct from the original cast of An American in Paris. Among her many other Broadway credits are Evita, 1776, A Grand Night for Signing, The Frogs and Carousel, as well as the national tour of Ragtime.Four-time Grammy Award recipient Easterlin’s international opera credits include multiple productions with the Metropolitan Opera, New York City Opera, Opéra National de Paris, Wiener Staatsoper, ROH Covent Garden, ENO, Teatro Real, Bolshoi and COC Toronto, in addition to the Lyric Opera of Chicago, San Francisco, Los Angeles, Seattle, Washington, Houston and Dallas Opera. He created the role of Andy Warhol in Philip Glass’ The Perfect American and Larry King in the U.S. premiere of Mark-Anthony Turnage’s Anna Nicole.The cast currently includes James Barbour as The Phantom, Julia Udine as Christine, Jeremy Hays as Raoul, Laird Mackintosh as Monsieur André, Craig Bennett as Monsieur Firmin, Michele McConnell as Carlotta (now the longest-running actress to play the role in the Broadway production, surpassing the previous record of 1,700 performances set by Marilyn Caskey) and Kara Klein as Meg Giry. At certain performances, Rachel Zatcoff plays the role of Christine. from $29.00center_img The Phantom of the Opera Related Showslast_img read more

Corey Stoll & More Set for SITP’s Troilus & Cressida

first_imgCorey Stoll(Photo courtesy of the Public Theater) The complete cast is set for the Public Theater’s Shakespeare in the Park presentation of Troilus and Cressida. The lineup includes Corey Stoll as Ulysses, Sanjit de Silva as Aeneas and Max Casella as Ulysses. Performances will begin on July 19 at Central Park’s Delacorte Theatre, where it will run through August 14. The Daniel Sullivan-helmed production opens officially on August 3.In addition to Stoll (who is also tapped to appear in the Public’s Plenty), de Silva (a Public alum from Dry Powder) and screen favorite Casella, the cast will include Andrew Burnap as Troilus, Ismenia Mendes as Cressida, Zach Appelman as Diomedes, Tala Ashe as Helen and Andromache, Alex Breaux as Ajax, John Glover as Pandarus, David Harbour as Achilles, Bill Heck as Hector, Edward James Hyland as Nestor, Maurice Jones as Paris, Nneka Okafor as Cassandra, Tom Peckina as Patroclus, Miguel Perez as Priam and Calchas and John Douglas Thompson as Agamemnon.Rounding out the cast is a non-equity ensemble, consisting of Connor Bond, Andrew Chaffee, Michael Bradley Cohen, Lee Edward Colston II, Paul Deo Jr., Jin Ha, Hunter Hoffman, Nicholas Hoge, Forrest Malloy and Kario Pereira-Bailey.The production will feature sets and costumes by David Zinn, lighting design by Robert Wierzel, sound design by Mark Menard and original music by Dan Moses Schreier. Corey Stoll Star Filescenter_img Andrew Burnap View Commentslast_img read more

Odds & Ends: Zac Efron Eyes Hugh Jackman’s Barnum Musical & More

first_imgZac Efron(Photo: Stuart C. Wilson/Getty Images) Show Closed This production ended its run on Dec. 19, 2016 View Comments Here’s a quick roundup of stories you may have missed today. Zac Efron Eyes Hugh Jackman’s P.T. Barnum MusicalZac Efron is in negotiations to star alongside Tony winner Hugh Jackman in The Greatest Showman on Earth, writes Variety. Directed by Michael Gracey, the previously reported long-in-the-works biopic musical about P.T. Barnum will be penned by Jenny Bicks. At one point, Fox had slated the long-awaited movie for release on Christmas Day this year; it is hoped that Efron coming on board would kickstart the project.F. Murray Abraham & Josh Radnor Set for RabbitOscar winner F. Murray Abraham (Amadeus) and Josh Radnor (How I Met Your Mother) are the latest big names enlisted for White Rabbit Red Rabbit off-Broadway. Abraham will headline the production on July 18, followed by Radnor on July 25. The New York premiere of Nassim Soleimanpour’s solo show, which involves a different actor every performance seeing the script for the first time just before they go on stage, is playing Monday nights at the Westside Theatre.Spielberg Taps Tony Kushner for West Side StoryCould it be? Yes, it could! Back in 2014 we revealed that Steven Spielberg wanted to remake West Side Story…and it’s one step closer to actually happening. According to The Hollywood Reporter, Angels in America scribe Tony Kushner is penning a script for the legendary director. No word yet on timeline.Shuffle Along’s Chorus Receive AwardShuffle Along Or The Making of the Musical Sensation of 1921 and All That Followed will receive Equity’s tenth annual ACCA Award for Outstanding Broadway Chorus. It is the only industry accolade of its kind to honor the distinctive talents and contributions made by the original chorus members of a Broadway musical and the 24 individual recipients are: Phillip Attmore, Alexandria Bradley, Darius de Haas, C.K. Edwards, Afra Hines, Curtis Holland, Jason Holley, Adrienne Howard, Lee Howard, Kendrick Jones, Lisa La Touche, Alicia Lundgren, JC Montgomery, Erin N. Moore, Janelle Neal, Brittany Parks, Arbender Robinson, Karissa Royster, Britton Smith, Zurin Villanueva, Christian Dante White, Joseph Wiggan, Pamela Yasutake and Richard Riaz Yoder. The trophy will be presented on June 21—congrats to all!Catch She Loves Me at HomeWe think it important to watch this while eating vanilla ice cream! The Roundabout’s Tony-nominated revival of She Loves Me will be the first Broadway show to be broadcast live. Starring 2016 Tony nominees Laura Benanti, Zachary Levi and Jane Krakowski, the classic musical is scheduled to stream on BroadwayHD on June 30 at 8PM ET. The production is playing a limited engagement at Studio 54 through July 10.center_img Related Shows White Rabbit Red Rabbitlast_img read more

Safer Family.

first_imgWhether your biggest concern is your farm or your family, an Atlanta workshop April 12-13 will address environmental concerns of interest to you. Key topics include: Ways to ensure that your well water is safe. How to care for your septic system. Safe ways to handle pesticides and fertilizers. Farm*A*Syst/Home*A*Syst concepts and materials will be the focus of the workshop. The Farm*A*Syst/Home*A*Syst program is an interagency partnership. It provides farmers and homeowners information and a voluntary means to manage their farms or homes to prevent pollution and ensure their families’ well-being. The workshop will be at the Federal Building at 61 Forsyth St., SW, in Atlanta. It’s free, but you must pre-register to attend. To register, or for more information, contact Lisa Ann McKinley at (404) 562-9403. Or e-mail mckinley.lisa@epa.gov.last_img read more

Okemo Gears Up For An Early November Opening

first_imgOkemo Mountain Resort is gearing up for the 2003/2004winter season and it won’t be long now. Snowmaking operations arescheduled to begin in just a few short weeks with the opening dayanticipated on Saturday, November 8, 2003. With $55 million inimprovements for the upcoming winter season, Okemo just keeps gettingbetter and better.Skiers and riders will discover a vastly expanded mountain with milesof playful terrain, a modern and efficient lift system, snowmaking andgrooming that is tops in New England and family-friendly programs for allages and ability levels.The new terrain at Jackson Gore has quickly become a favorite amongskiers and riders. With seven new trails and two new lifts for 2003/2004,the winter season will be jam-packed with more terrain, lifts and resortamenities. Jackson Gore now offers a total of 14 trails with four lifts(including two highspeed detachable quad chairlifts) and an entirely newbase lodge and resort center. The Coleman Brook Express highspeeddetachable quad chairlift has been installed just outside the Jackson GoreInn’s front door and will whisk guests to a trail location above theexisting Jackson Gore Express quad. Seven new trails encompassing 40acres (including a 9,600-foot long novice run that runs from the top tobottom of the mountain peak) will provide gentle cruising terrain. TheStargazer Carpet, a 400 foot-long carpet lift has been installed in thebase for beginners. The increase in terrain brings Okemo’s skiable acreageto over 600 acres, with 95% covered by snowmaking.Situated at the heart of the Jackson Gore base area is a 250,000square foot base facility that is home to the Jackson Gore Inn, with 117slopeside units ranging in size from standard rooms to three-bedroomsuites, complete with bell/valet/room service and underground parking forInn guests. The Jackson Gore Inn features services and amenities found ina first-class hotel with a reception area open 24-hours, concierge,full-service restaurant, The Corner Store Sundry Shop and health club withindoor/outdoor swimming pool and whirlpool spas (which will be open to thepublic for a daily fee).The Jackson Gore Base Lodge is home to an assortment of diningoptions for skiers and riders. The Roundhouse, a 390-seat food court, islocated on the first floor of the new facility. The atrium designed foodcourt contains a variety of quick, healthy options all with a uniquepersonality. Vermont Pizza at Jackson Gore, a 280-seat pub and lounge islocated directly above the Roundhouse and specializes in gourmet woodfired pizzas, deli-style sandwiches, homemade soups and a full service barthat serves up “ice cold” micro brews. Coleman Brook Tavern isreminiscent of a Vermont country inn that surrounds you in warmth andcasual elegance. The Tavern is a full service restaurant featuring superbcuisine in a relaxed and pleasant atmosphere. Open for breakfast, lunchand dinner, the Coleman Brook Tavern is “ski boot and family friendly”.last_img read more

Many Vermont Families Now Eligible for Weight Loss Program

first_imgFor Immediate Release: Contact: Leigh TofferiSeptember 8, 2004 (802) 371-3205Many Vermont Families Now Eligible for Weight Loss ProgramBerlin, VT Thousands of Vermonters and their families are now eligible for discounts in Vermont on memberships in Weight Watchers®, the leading weight-loss organization, Blue Cross and Blue Shield of Vermont announced today.These discounts are the first of a selection of services in a new non-benefit discount program the states largest health insurer is making available to its members and their families for no additional cost, according to Kevin Goddard, Vice President of Marketing and External Affairs.Goddard cited numerous studies that state that obesity substantially increases a persons risk of developing many chronic health conditions. The results of these studies, according to Goddard, were the primary motivation for launching the new program partnering with the popular weight loss program.Approximately 120 million Americans are overweight and obese, according to the Centers of Disease Control, and are therefore at increased risk for high blood pressure, type 2 diabetes, heart disease, stroke, gallbladder disease, and many cancers. Obesity costs the U.S. economy more than tobacco or alcohol – about $117 billion per year – and is a factor in rising health insurance premiums.Weight Watchers offers a comprehensive weight-loss program that combines a science-based eating, activity, and behavior modification plan with weekly meetings and group support.How one loses weight directly affects an individual’s long-term weight-loss success, and at Weight Watchers, members learn how to eat more healthfully, increase physical activity, and handle all the challenges encountered to achieve and maintain weight loss, said Karen Miller-Kovach, VP, Program Development and Chief Scientific Officer at Weight Watchers International, Inc. Its about losing weight and keeping the weight off for the long term.Simply showing a BCBSVT identification card at a Weight Watchers site in Vermont will enable members and their families to receive free registration when joining a traditional weekly meeting in most Vermont counties.Goddard described the health plans new non-benefit discount program, called BlueExtras, as part of a suite of consumer support or empowerment instruments BCBSVT has developed to give individuals the tools they need to improve their health status and remain healthy.Our members will find this new program helpful for obtaining services not normally covered by their health insurance benefits, Goddard explained. The new BlueExtras program will add even more services in the near future for our members as they try to enhance their lifestyles to include healthy activities. Were pleased to welcome Weight Watchers to this new program.Weight Watchers is America’s trusted name in weight loss and the global leader in weight-loss services, with approximately 46,000 weekly meetings in 30 countries. Weight Watchers mission is to help people reach and maintain a healthy weight. At the heart of Weight Watchers are weekly meetings which provide the coaching and tools to help people make the positive changes required to lose weight and keep it off. To learn more about Weight Watchers services, products and publications, visit WeightWatchers.com. To find the nearest Weight Watchers meeting location, call 1-800-651-6000 or click on the Find a Meeting link at the top of the WeightWatchers.com homepage.Blue Cross and Blue Shield of Vermont is the states oldest and largest private health insurer, providing coverage for about 180,000 Vermonters. It employs over 350 Vermonters at its headquarters in Berlin and its branch office in Williston, and offers group and individual health plans to Vermonters. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com(link is external). Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.(End)last_img read more

Fairpoint’s revenues, profits down for Q3

first_imgFairPoint Communications Reports Third Quarter 2008 Results CHARLOTTE, N.C., Nov. 6 /PRNewswire-FirstCall/ — FairPointCommunications, Inc. (NYSE: FRP) (“FairPoint” or the “Company”), a leadingprovider of communications services to communities across the country,today announced its financial results for the three and nine months endedSeptember 30, 2008. FairPoint completed its acquisition of VerizonCommunication’s wireline operations in Maine, New Hampshire and Vermont(the Northern New England business) on March 31, 2008. As a result of thattransaction, which was treated as a “reverse acquisition” for accountingpurposes, the financial statements for all periods prior to March 31, 2008reflect the operating results and assets and liabilities of the NorthernNew England business only. For purposes of analysis, certain financialinformation for periods prior to March 31, 2008 is presented on a pro formabasis, assuming the acquisition and related transactions had occurred onJanuary 1, 2007. Highlights — Significant progress continued toward systems cutover currentlyscheduled for January 2009. — Decline in access line equivalents holds steady in the third quarterat 3% in the newly acquired Northern New England business despiteseasonality and a weakening economic environment. — High-speed data (HSD) penetration increased to 19.9% on aconsolidated basis as of September 30, 2008. The rate of decline in HSDsubscribers was reduced in Northern New England by more than half to 0.8%in the third quarter from 1.9% in the second quarter of 2008, reflecting anincrease in subscribers in Maine and Vermont during the quarter. — Revenue totaled $328.3 million for the third quarter of 2008compared with $344.7 million in the second quarter. Compared with thesecond quarter of 2008, revenue declined by 0.9% on a normalized basis(adjusting for the Maine AFOR rate reduction and prior period revenueadjustments). — Adjusted EBITDA (a non-GAAP measure as defined herein) totaled$149.9 million in the third quarter of 2008, or 45.0% of revenue, excludingprior period revenue adjustments. — Cash-on-hand totaling $168.1 million at September 30, 2008(excluding an additional $80.4 million of restricted cash), together withongoing operating cash flow, is expected to provide sufficient liquidity tocomplete the systems cutover and to continue to execute network expansionplans. Gene Johnson, Chairman and CEO of FairPoint, stated, “We are verypleased that our operations have stabilized and we are seeing increasingevidence that our customers are embracing the FairPoint brand. We expect tobegin to see the benefits of this as we move beyond cutover to our newsystems and continue to execute our business plan. Operationally, we remainfocused on reducing customer churn and evaluating our ongoing coststructure in relation to the current revenue base for our business and theuncertain economic environment. Finally, the September drawdown of $200million under our available credit facilities, together with cash flowsgenerated from operations, is expected to provide sufficient liquidity tocomplete cutover and to continue to execute our network expansion plans inthe Northern New England states.” Third Quarter Results Revenue for the third quarter of 2008 was $328.3 million, compared withpro forma revenue of $381.0 million for the third quarter of 2007 and$344.7 million for the second quarter of 2008. The quarter over quarterrevenue decline of 4.8% was driven by a decrease in access line equivalentsof 2.8% during the quarter, a mandated local rate reduction in Maine(previously disclosed as the Maine AFOR adjustment), which became effectivein August 2008 and reduced third quarter revenue by approximately $3.0million, and prior period revenue adjustments related to the second quarterof approximately $5.3 million. As previously disclosed, the Maine AFORsettlement is expected to reduce revenues by approximately $18.0 million onan annual basis. Normalizing for the impact of the Maine AFOR ratereduction and the prior period revenue adjustments, quarter over quarterrevenue would have declined by 0.9%. Adjusted EBITDA was $149.9 million for the three months ended September30, 2008, compared with pro forma Adjusted EBITDA of $149.2 million for thethree months ended September 30, 2007 and Adjusted EBITDA of $167.7 millionfor the second quarter of 2008. The decline in Adjusted EBITDA from thesecond quarter of 2008 reflects the impact of reduced access lines and thelocal rate reduction in Maine, which took effect in August 2008. Alsoimpacting Adjusted EBITDA is a net quarter over quarter increase inoperating and other expenses of $12.0 million, excluding one-time mergerrelated expenses, largely reflecting the continued buildup of the Company’swork force following the completion of the acquisition of the Northern NewEngland business at the end of the first quarter. The Adjusted EBITDA margin was 45.0% in the third quarter of 2008,compared with 39.2% in the same quarter a year ago and 49.4% in the secondquarter of 2008 (based upon normalized revenue in the second and thirdquarters of 2008 reflecting the non-recurring revenue adjustments of $5.3million). The increase in the Adjusted EBITDA margin compared with thesecond quarter a year ago reflects the elimination of the Verizon coststructure supporting the Northern New England business following theclosing of the acquisition on March 31, 2008. These cost savings haveoffset declining revenue, resulting in an overall margin improvement. Operating Metrics Total access line equivalents were 1,768,528 at September 30, 2008compared with 1,947,574 at September 30, 2007, a decline of 9.2%. Duringthe third quarter, total access line equivalents declined by 2.8% comparedwith a decline of 2.4% during the second quarter of this year. The NorthernNew England business experienced a 3.1% decline in access line equivalentsduring the third quarter of 2008 compared with a 3.0% decline in the secondquarter, while Legacy FairPoint access line equivalents declined by 1.5% inthe current quarter compared with an increase of 0.4% in the secondquarter. Third quarter results were negatively impacted by seasonaldisconnects which affected the Northern New England and Legacy FairPointbusinesses as well as the weakening economic environment. High-speed data (HSD) subscribers totaled 294,134 as of September 30,2008, an increase of 2.3% compared with 287,472 at September 30, 2007.Total HSD subscribers at September 30, 2008 remained essentially flatcompared to 294,412 subscribers at June 30, 2008. HSD penetration was 19.9%as of September 30, 2008, compared with 17.3% at September 30, 2007 and19.3% at June 30, 2008. During the third quarter of 2008, HSD subscribers increased by 2.0% inLegacy FairPoint, while the trend in the Northern New England businessimproved, reflecting a modest decline of 0.8% in the third quarter of 2008,compared with a decline of 1.9% during the second quarter of this year. TheNorthern New England business experienced modest increases in HSDsubscribers in Maine and Vermont during the third quarter of this year,compared with declines in both of those states during the second quarter. Long distance subscribers totaled 643,844 at the end of September 2008,down 1.9% from 656,599 as of June 30, 2008 and 9.4% below the prior year.Long distance penetration was 43.4% at September 30, 2008, compared with42.8% a year ago and 43.0% as of June 30, 2008. Access Line Equivalents % change % change 9/30/07 to 6/30/08 to 9/30/2008 6/30/2008 9/30/2007 9/30/08 9/30/08 Residential access lines Legacy FairPoint 171,598 176,891 186,304 (7.9%) (3.0%) Northern New England 786,726 819,640 912,179 (13.8%) (4.0%) 958,324 996,531 1,098,483 (12.8%) (3.8%) Business access lines Legacy FairPoint 53,780 54,619 56,575 (4.9%) (1.5%) Northern New England 350,159 358,014 375,841 (6.8%) (2.2%) 403,939 412,633 432,416 (6.6%) (2.1%) Wholesale access lines 112,131 116,731 129,203 (13.2%) (3.9%) Total voice access lines 1,474,394 1,525,895 1,660,102 (11.2%) (3.4%) HSD subscribers Legacy FairPoint 74,764 73,326 66,978 11.6% 2.0% Northern New England 219,370 221,086 220,494 (0.5%) (0.8%) Total HSD subscribers 294,134 294,412 287,472 2.3% (0.1%) Total access line equivalents 1,768,528 1,820,307 1,947,574 (9.2%) (2.8%) Long distance subscribers 643,844 656,599 710,780 (9.4%) (1.9%) Cutover Update On September 15, 2008, the Company announced a 60 day extension, to theend of January 2009, for the systems cutover related to the recentlyacquired Northern New England properties. This effort encompasses thedevelopment of approximately 60 new state-of-the-art, fully integratedsystems which will replace the more than 600 systems currently beingutilized by Verizon to support the acquired operations. During the third quarter and throughout October, the Company continuedto make strong progress toward meeting the pre-established cutovercriteria. Systems testing and enhancement continued, including live networktesting, end-to-end business simulations and CLEC testing. Hiring of allkey positions has now been completed. Key methods and procedures have beendocumented and are being validated with business simulations which supportfinalizing of training materials. The Company continues to provide Liberty with information necessary forLiberty’s evaluation of the cutover acceptance criteria and anticipatesthat Liberty will issue its next report during the week of November 10th. Cash Flow and Liquidity Cash flow from operations totaled $36.2 million for the nine monthsended September 30, 2008, while capital expenditures, including $105.4million associated with the continued development of the Company’s newplatform of fully integrated, state-of-the-art systems and the build-out ofits MPLS high speed data network in the Northern New England states,totaled $189.2 million for the nine months ended September 30, 2008. During the third quarter, in conjunction with the final working capitalsettlement with Verizon, the Company reimbursed Verizon $66.3 millionrelated to amounts owed for services rendered to the Northern New Englandbusiness prior to the closing of the merger. At the same time, Verizon paidthe Company $29.0 million for the final working capital true-up andone-half of the bank fees incurred in connection with the transactionfinancing. The $66.3 million payment to Verizon is reflected as a netreduction in cash provided by operating activities in the accompanyingstatement of cash flows, while the $29.0 million received from Verizon isreflected as a contribution from Verizon in net cash provided by financingactivities. Normalizing for the one-time reimbursement to Verizon, net cashprovided by operating activities for the three and nine months endedSeptember 30, 2008 would have been $52.2 million and $102.5 million,respectively. Operating cash flows for the three and nine months endedSeptember 30, 2008 are also negatively impacted by the monthly transitionservice agreement payments and other one-time merger and cutover relatedcosts. During September 2008, due to the extreme uncertainty in the financialmarkets and the risk associated with Lehman Brothers (which then accountedfor 30% of the undrawn loan commitments under its credit facilities) theCompany borrowed the remaining $100 million available under its $200million delayed draw term loan facility as well as $100 million under its$200 million revolving credit facility. Lehman Brothers subsequently filedfor bankruptcy, effectively reducing the remaining amount available underthe revolving credit facility to $70 million. With these borrowings,together with ongoing operating cash flow, the Company expects to havesufficient liquidity to complete its systems cutover and to continue toexecute on network expansion plans for the recently acquired operations inthe Northern New England states. Cash and cash equivalents at September 30, 2008 totaled $168.1 million(excluding restricted cash totaling $80.4 million), compared with $11.2million at the end of the second quarter. As of September 30, 2008, theCompany’s total indebtness (as calculated in accordance with its creditfacility) was 3.96 times Adjusted EBITDA. Conference Call and Webcast As previously announced, FairPoint will host a conference call andsimultaneous webcast to discuss its third quarter results at 8:00 a.m. ESTon November 7, 2008. Participants should call (888) 253-4456 (US/Canada) or(973) 935-8178 (international) at 7:50 a.m. (EST) and request the FairPointCommunications Third Quarter 2008 Earnings Call or Conference ID#718-763-78. A telephonic replay will be available for anyone unable toparticipate in the live call. To access the replay, call (800) 642-1687(US/Canada) or (706) 645-9291 (international) and enter confirmation code718-763-78. The recording will be available from Friday, November 7, 2008at 10:00 a.m. (EST) through Friday, November 14, 2008 at 11:59 p.m. (EST). A live broadcast of the earnings conference call will be available viathe Internet at http://www.fairpoint.com(link is external) under the Investor Relations section. Anonline replay will be available beginning later that morning on November 7,2008 and will remain available for one year. During the conference call, representatives of the Company may discussand answer one or more questions concerning the Company’s business andfinancial matters. The responses to these questions may contain informationthat has not been previously disclosed. The information in this press release should be read in conjunctionwith the financial statements and footnotes contained in FairPoint’sQuarterly Report on Form 10-Q to be filed with the Securities and ExchangeCommission. FairPoint’s results for the quarter ended September 30, 2008are subject to the completion and filing with the Securities and ExchangeCommission of its Quarterly Report on Form 10-Q for such quarter. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure (i.e., it is not ameasure of financial performance under generally accepted accountingprinciples) and should not be considered in isolation or as a substitutefor consolidated statements of operations and cash flow data prepared inaccordance with GAAP. In addition, the non-GAAP financial measures used byFairPoint may not be comparable to similarly titled measures of othercompanies. For a definition of and additional information regardingAdjusted EBITDA, and a reconciliation of such measure to the mostcomparable financial measure calculated in accordance with GAAP, please seethe attachments to this press release. FairPoint believes Adjusted EBITDA is useful to investors becauseAdjusted EBITDA is commonly used in the communications industry to analyzecompanies on the basis of operating performance, liquidity and leverage.FairPoint believes Adjusted EBITDA allows a standardized comparison betweencompanies in the industry, while minimizing the differences fromdepreciation policies, financial leverage and tax strategies. In addition,certain covenants in FairPoint’s credit facility and the indenturegoverning its senior notes as well as the regulatory orders issued inconnection with the acquisition of the Northern New England businesscontain ratios based on Adjusted EBITDA. The restricted payment covenantsin such agreements and orders regulating the payment of dividends onFairPoint’s common stock are also based on Adjusted EBITDA. If FairPoint’sAdjusted EBITDA were to decline below certain levels, covenants inFairPoint’s credit facility that are based on Adjusted EBITDA may beviolated and could cause, among other things, a default under such creditfacility. In addition, such a decline could result in FairPoint’s inabilityto pay dividends on its common stock. While FairPoint uses Adjusted EBITDA in managing and analyzing itsbusiness and financial condition and believes it is useful to itsmanagement and investors for the reasons described above, Adjusted EBITDAhas certain shortcomings. In particular, Adjusted EBITDA does not representthe residual cash flows available for discretionary expenditures, sinceitems such as debt repayment and interest payments are not deducted fromsuch measure. FairPoint’s management compensates for the shortcomings ofAdjusted EBITDA by utilizing it in conjunction with its comparable GAAPfinancial measures. About FairPoint FairPoint Communications, Inc. is an industry leading provider ofcommunications services to communities across the country. Today, FairPointowns and operates local exchange companies in 18 states offering advancedcommunications with a personal touch, including local and long distancevoice, data, Internet, television and broadband services. FairPoint istraded on the New York Stock Exchange under the symbol FRP. Learn more athttp://www.fairpoint.com(link is external) This press release may contain forward-looking statements by FairPointthat are not based on historical fact, including, without limitation,statements containing the words “expects,” “anticipates,” “intends,””plans,” “believes,” “seeks,” “estimates” and similar expressions andstatements. Because these forward-looking statements involve known andunknown risks and uncertainties, there are important factors that couldcause actual results, events or developments to differ materially fromthose expressed or implied by these forward-looking statements. Suchfactors include those risks described from time to time in FairPoint’sfilings with the Securities and Exchange Commission (“SEC”), including,without limitation, the risks described in FairPoint’s most recentQuarterly Report on Form 10-Q on file with the SEC. These factors should beconsidered carefully and readers are cautioned not to place undue relianceon such forward-looking statements. All information is current as of thedate this press release is issued, and FairPoint undertakes no duty toupdate this information. FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets September 30, December 31, 2008 2007 (unaudited) (Dollars in thousands) Assets Current assets: Cash $168,071 $- Restricted cash 10,341 – Accounts receivable, net 168,431 160,130 Other receivables 15,468 18,579 Materials and supplies 42,155 4,229 Other 44,196 21,180 Deferred income tax, net 19,836 9,730 Short term investments – 37,090 Total current assets 468,498 250,938 Property, plant, and equipment, net 1,924,132 1,630,085 Intangibles assets, net 222,100 – Prepaid pension asset 69,874 36,692 Debt issue costs, net 27,016 – Restricted cash 70,108 – Other assets 16,492 20,457 Investments 6,959 – Goodwill 625,010 – Total assets $3,430,189 $1,938,172 Liabilities and Stockholders’ Equity Current liabilities: Current portion of long-term debt $22,500 $- Current portion of capital lease obligations 2,193 2,064 Accounts payable 99,647 175,866 Dividends payable 22,905 – Accrued interest payable 36,686 – Interest rate swaps 17,434 – Other accrued liabilities 65,873 47,115 Total current liabilities 267,238 225,045 Long-term liabilities: Capital lease obligations 7,869 9,936 Employee benefit obligations 186,775 408,863 Deferred income taxes 248,087 140,911 Unamortized investment tax credits 5,759 5,877 Other long-term liabilities 37,103 28,378 Long-term debt, net of current portion 2,447,608 – Interest rate swap agreements 19,123 – Total long-term liabilities 2,952,324 593,965 Minority interest 6 – Stockholders’ equity: Common stock 890 538 Additional paid-in capital 755,574 484,383 Retained earnings (deficit) (467,118) 634,241 Accumulated other comprehensive loss (78,725) – Total stockholders’ equity 210,621 1,119,162 Total liabilities and stockholders’ equity $3,430,189 $1,938,172 FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) Three months ended Nine months ended September 30, September 30, 2008 2007 2008 2007 (Dollars in thousands) Revenues $328,255 $306,258 $955,359 $903,614 Operating expenses: Cost of services and sales, excluding depreciation and amortization 152,579 141,645 422,316 419,290 Selling, general and administrative expense, excluding depreciation and amortization 104,679 67,340 270,085 196,545 Depreciation and amortization 60,768 58,360 184,434 174,361 Total operating expenses 318,026 267,345 876,835 790,196 Income from operations 10,229 38,913 78,524 113,418 Other income (expense): Interest expense (49,665) (17,052) (109,310) (52,871) Gain on derivative instruments (5,014) – 38,109 – Other 2,165 852 3,415 2,651 Total other expense (52,514) (16,200) (67,786) (50,220) Income before income taxes (42,285) 22,713 10,738 63,198 Income tax (expense) benefit 17,176 (8,903) (3,190) (24,639) Net income $(25,109) $13,810 $7,548 $38,559 Weighted average shares outstanding: Basic 88,999 53,761 71,358 53,761 Diluted 88,999 53,761 72,773 53,761 Earnings per share: Basic $(0.28) $0.26 $0.11 $0.72 Diluted (0.28) 0.26 0.10 0.72 FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (Unaudited) Nine months ended September 30, 2008 2007 (Dollars in thousands) Cash flows from operating activities: Net income $7,548 $38,559 Adjustments to reconcile net income to net cash provided by operating activities of continuing operations excluding impact of acquisitions: Deferred income taxes 15,354 (21,834) Provision for uncollectible revenue 13,004 14,603 Depreciation and amortization 184,434 174,361 SFAS 106 post-retirement accruals 33,762 67,514 Gain on derivative instruments (38,109) – Other non cash items (26,382) (70,344) Changes in assets and liabilities arising from operations: Accounts receivable (37,670) (8,645) Prepaid and other assets 2,838 3,784 Accounts payable and other accrued liabilities (106,576) (16,194) Other assets and liabilities, net 4,244 (3,283) Other (16,221) – Total adjustments 28,678 139,962 Net cash provided by operating activities of continuing operations 36,226 178,521 Cash flows from investing activities of continuing operations: Acquired cash balance, net 11,401 – Net capital additions (189,234) (107,121) Net proceeds from sales of investments and other assets 2,154 34,146 Net cash used in investing activities of continuing operations (175,679) (72,975) Cash flows from financing activities of continuing operations: Loan origination costs (29,238) – Proceeds from issuance of long-term debt 1,930,000 – Repayments of long-term debt (687,491) – Contributions from Verizon 373,590 (104,848) Restricted cash (80,436) – Repayment of capital lease obligations (1,938) (698) Dividends paid to stockholders (1,196,963) – Net cash provided by (used in) financing activities of continuing operations 307,524 (105,546) Net increase in cash 168,071 – Cash, beginning of period – – Cash, end of period $168,071 $- Supplemental disclosure of cash flow information: Non-cash equity consideration $316,290 $- Non-cash issuance of senior notes 551,000 – FAIRPOINT COMMUNICATIONS, INC. AND SUBSIDIARIES Unaudited Pro Forma Combined Statement of Operations (Non-GAAP) For the Three Months Ended September 30, 2007 (in thousands, except per share data) Northern New Merger England Legacy Related business (A) FairPoint(B) Costs (C) Revenues $306,258 75,707 – Operating expenses: Cost of services and sales, excluding depreciation and amortization 141,645 26,846 – Selling, general and administrative expense 67,341 20,000 8,000 Depreciation and amortization 58,360 12,624 – Gain on sale of operating assets – (2,164) – Total operating expenses 267,346 57,306 8,000 Income from operations 38,912 18,401 (8,000) Other income (expense): Net gain on sale of investments and other assets – 2,759 Interest expense (17,053) (9,924) – Interest and dividend income – 294 – Loss on derivative instruments – (5,669) – Equity in earnings of investees – 320 Other nonoperating, net 852 – – Total other expense (16,201) (12,220) – Income before income taxes 22,711 6,181 (8,000) Income tax (expense) benefit (8,903) (5,164) 1,792 (K) Minority interest – (1) – Net income $13,808 1,016 (6,208) Basic weighted average shares outstanding 53,761.0 34,770.0 Diluted weighted average shares outstanding 53,761.0 34,770.0 Basic earnings per common share: Continuing operations $0.26 Diluted earnings per common share: Continuing operations $0.26 Pro Forma Results for Pro Forma Combined Adjustments Businesses Revenues (1,000) (D) $380,965 Operating expenses: Cost of services and sales, excluding depreciation and amortization (9,000) (D)(E) 159,491 Selling, general and administrative expense (13,750) (E)(F) 81,591 Depreciation and amortizationlast_img read more