Issue link: https://nebusinessmedia.uberflip.com/i/1525347
2 HARTFORDBUSINESS.COM | AUGUST 19, 2024 Biz Briefs Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Subscriptions Annual subscriptions are $132.00. To subscribe, visit HartfordBusiness.com, email circulation@ hartfordbusiness.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hart- ford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www.hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance Hanna Snyder Gambini | Staff Writer hgambini@hartfordbusiness.com Beats: Economic Development, Arts, Culture & Tourism Skyler Frazer | Staff Writer, ext. 145 sfrazer@hartfordbusiness.com Beats: Government, Manufacturing, Cannabis David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Donna Hogan | Senior Accounts Manager, ext. 101, dhogan@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Staff Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com Lindsay Langenauer | Digital Marketing Manager, ext. 134 llangenauer@hartfordbusiness.com Trinity Sunderlin | Graphic Designer tsunderlin@hartfordbusiness.com Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Brian Kane Aetna President Kane out after less than year on the job C VS Health recently announced that Aetna President Brian Kane is being replaced less than a year after he was appointed. In his place, CVS CEO Karen Lynch will assume direct leader- ship of Aetna, along with CFO Tom Cowhey. Lynch previously led Aetna as president. Kane began his role as president in September 2023. CVS also announced plans to cut $2 billion in costs over the next several years. The leadership change came after CVS lowered its 2024 profit guidance for a third consecutive quarter and reported a 7.6% drop in second-quarter net income. Adjusted operating income in the compa- ny's healthcare benefits segment, which includes Aetna, decreased 39% due to "increased utilization and the unfavorable impact of the previously disclosed decline in the company's Medicare Advantage star ratings for the 2024 payment year," among other factors. The second 5,872-square-foot building is a maintenance barn with storage for golf carts and operations equipment. The course will be sold during a Sept. 26 auction set for 11 a.m. Blue Fox Run opened in the early 1970s and is owned by Blue Fox Run Golf LLC, which is controlled by Lisa Wilson-Foley, a prominent local entrepreneur. Simsbury-based CHK Architects merges with New York firm CHK Architects, an architectural firm based in Simsbury, said it will merge with DCAK-MSA Architec- ture & Engineering, a New York company with offices in Rockland, Westchester and Suffolk counties. Calling the merger a "strategic partnership," CHK said the deal will significantly enhance its capabilities, geographic reach and service offerings. As part of the merger, CHK partner Hugh Schweitzer has acquired equity ownership in the combined firm, which offers architecture, interior design, civil engineering, construction and design-build services. 70-year-old Olympia Diner in Newington listed for sale An iconic diner in Newington that has been featured in movies and has hosted everyone from politi- cians to truck drivers over seven decades is for sale. The Olympia Diner, at 3413 Berlin Turnpike, is available for sale or long-term ground lease, according to a real estate listing. For now, the diner remains open. The family that owns the diner declined to comment. The Olympia Diner sits on a 1-acre property along a busy section of the Berlin Turnpike, near the corner of Pane Road. The location could be ideal for a drive- thru restaurant or auto repair shop, Hearst CT Media Group offices. CONTRIBUTED PHOTO Hearst CT media staff announce unionization effort Staff at Hearst Connecticut Media Group, publisher of eight daily and 13 weekly newspapers around the state, announced they are working to form a union. The group — composed of reporters, photographers, editors and digital producers at Hearst — said 92 members of its 110-person unit have signed union cards with NewsGuild-CWA, which represents more than 25,000 journalists in the U.S. and Canada. The Hearst CT staff members said they presented management with a mission statement and asked the company to voluntarily recog- nize the union, which it didn't do. The statement said guild members deserve a say in news- room decisions, such as artificial intelligence implementation, work- from-home policies and benefits, and "pay that keeps up with infla- tion and meets the significant cost of living in our communities." Hearst Newspaper Group has been steadily growing in Connecticut for more than a decade, acquiring last year both the Journal Inquirer in Manchester and Meriden- based Record Journal. But staffers said the company's investment in Connecticut hasn't always been felt in the newsroom: many Hearst CT employees make around $50,000 a year, and in some cases, less. Avon's Blue Fox Run golf course is for sale A sprawling 250-acre golf course in Avon has hit the market for $1.75 million. Blue Fox Run, a 27-hole golf course designed by architect Stephen Kay, is located at 65 Nod Road, near the Avon Land Trust trail to the Heublein Tower. The property contains two struc- tures. One is a 6,000-square-foot clubhouse with offices, a bar and grille, and golf shop. Blue Fox Run golf course in Avon. PHOTO | COSTAR The Olympia Diner at 3413 Berlin Turnpike in Newington. PHOTO | COSTAR