Dayton Daily News from Dayton, Ohio • 6

Dow Ind. Dow Util. Amex Nasdaq 8,574.65 164.80 350.46 5.02 1,522.75 54.61 1,739.00 22.76 929.23 21.84 Page A6 Saturday, May 9, 2009 WWW.DAYT0NDAILYNEWS.COM Pnalbloe fines pairtersrap ships will form across the nation. "It's simply the future," he said. ThinkTV and CET are the licensees of public television stations WFTD16, WPTO14 and WCET48, which serve the greater Dayton and Cincinnati communities.

As licensees of non-commercial broadcast stations and other related technologies, ThinkTV and CET must seek federal government approval to complete their consolidation. The organizations are submitting the required applications, and the Federal Communications Commission is -expected to grant approval within 90 days, according to Public Media Connect officials. Contact this reporter at (937) 225-2419 or dlarsenDaytonDailyNews.com. ThinkTV and CEt to grow their broadcast, online and educational services. "Public media needs to be on-air, online, on-demand and on-site in the communities they serve," Fogarty said.

Benefits for viewers could include more diversity in public television programming across the region, Fogarty said. The formation of Public Media Connect follows an October 2008 announcement that ThinkTV and CET would consolidate operations to strengthen their non-profit activities. The companies started talks two years ago "about how the future could be shared between the two organizations," Fogarty said. Fogarty said it's likely that other regional public media partner Business headlines Federal aid expands summer jobs effort DAYTON Federal economic stimulus money will allow more young people to be hired for summer jobs, according to Montgomery County officials. The county Department of Job and Family Serv ices administers the Summer Youthworks program.

It offers economically disadvantaged people between ages 14 and 24 the opportunity to get on-the-job training in a variety of entry-level jobs at government agencies, hospitals, nonprofits and businesses. People are asked to apply online for the program, starting at 10 a.m. today, May 9, at www.TheJobCenter.org. Montgomery County expects to receive $2.4 million in federal stimulus funding to expand the summer hiring program. That will be enough to ertiploy an additional 750 people, beyond the 1,650 already in the pro- ThinkTV and its Cincinnati counterpart have formed a new media company to serve viewers in region.

By Dave Larsen Staff Writer DAYTON the regional approach of a new non-profit pub-. lie broadcasting and media company formed by Greater Dayton and Cincinnati Public Television is "precedent-setting," said David Fogarty, president of the new com-, pany, Public Media Connect Inc. Formation of Public Media Connect was announced Friday, May 8, by the boards of ThinkTV (Greater Dayton Public Television) and CET (Greater Cincin DAYTON NCR headquarters gets new sign Tim Cook from Kessler Sign Co. installs a new sign in front of NCR headquarters on South Patterson Boulevard in Dayton on Friday, May 8. staff photo by Jim Noeiker Short on capital, Peoples Community Bank may have to cease operations nati Public Television).

The company combines multiple broadcast stations, two online and educational service areas, and serves two media markets in the region. "It's distinctive in that sense," Fogarty said. ThinkTV and CET continue as locally based non-profit companies. As subsidiaries of the new regional corporation, both organizations retain their identities. Staff and facilities will remain at their current locations, according to Public Media Connect officials.

ThinkTV and CET will share resources and capabilities to better serve their local communities, said Fogarty, who has been president and general manager of ThinkTV since 1993. The new company will allow the bank to an adequately capitalized status on a timely basis, the company will not be able to continue as a going concern," Peoples Community Bancorp said on May 1 in an overdue annual report filed with the Securities and Exchange Commission. The company said it also is trying to restructure its debt. But, it acknowledged on Friday, May 8, that its independent public accountants have expressed doubt about Peoples' ability to continue to operate if it cannot meet the government's requirements. The federal regulator has told Peoples to plan for the possibility that it will have to merge with another federally insured bank, or voluntarily liquidate, if it cannot meet the government's requirements.

The bank's operations include offices in Warren, Butler and Hamilton counties. Depositors' accounts are insured by the Federal Deposit Insurance Corp. for up to $250,000. with the latest business headlines on 52-wMk High Low J5.5 ijjs'eif j5.2912.05' 130.9369 50 J50.63f4.96 72.76 46.25" 36.49 8.35J 25.67 4.83 30.99 19.39" 7 87 2.36 i2d.3q57.4r J8.05J.53 30.53J4.87 28.09 6.6? Stock PE Closo Chg. 34.661.06 15.29l.4f J01.49l.io J8.94J3.70 54.98 0.09 J0.23 1.03 6.970.19 21.73 0.09 4.16 -O06 82.46J.78 15.85 1.08" 19 42 J0.10 11.04 0.66 Int el IBM IPMorgCh 28 JofinJn 12 JohnsnCtl dd Keycorp dd Kroger 11 LSI Corp dd Lockhdfrf if MeadWvco cc Microsoft 11 NCR Corp 11 gram, county omciais saia.

For more information, call (937) 225-6202. Staff Report Harco to lay off more than 100 workers MORAINE Harco Manu- facturing Group is permanently laying off more than 100 workers, the company has told Ohio government. The temporary layoff of 106 positions is becoming permanent, Tammy Popper, Har- co human resources manager, wrote in a April 24 letter to the Ohio Department of Job Family Services. Popper attributed the move to reduced General Motors Corp. production.

In January 2007, Delphi Corp. said it would sell it brake hose business to Harco for $9.8 million. Eight months later, Harco, then in Englewood, signed a lease to occupy a former Delphi facility at 3535 Kettering Blvd. in Moraine. Harco consolidated operations into the plant, the city said at the time, putting about 400 jobs there.

Staff Report Stimulus spending supports 'green energy' research WRIGHT-PATTERSON AIR FORCE BASE The Air Force has received $63 million in federal economic stimulus funding that is to be used for research into "green" energy projects, Wright-Patterson Air Force Base spokesman Derek Kaufman said. The money is planned for research and development projects intended to promote energy efficiency and reduce aircraft engine emissions and reliance on traditional hydrocarbon-based fuels, Kaufman said Friday, May 8. The Air Force's next step is to seek requests for proposals to start the competitive bidding process, he said. The projects are to include development of solar equipment, fuel cells and fuel-efficient engines for various military uses. Separately, federal stimulus funds are to pay for $22.8 million in other projects including roofing, paving and on-base energy-efficiency improvements at Wright-Patterson, base officials have said.

siaiiKeport Storage ponds could pose hazards Groups say toxics could leach into water at 13 Ohio coal waste sites without liners. By John Nolan Staff Writer People living near storage sites for coal waste from coal-burning power generating plants face an increased risk of cancer and other health hazards if toxic chemicals in the waste leak into drinking water sources, environmentalists said, citing a 2007 U.S. Environmental Protection Agency risk assessment. Older coal-ash storage ponds that lack liners to keep the chemicals from leaching into groundwater can pose hazards to humans and aquatic life from exposure to arsenic, boron, cadmium, lead and cobalt, among other toxics, the environmental organizations Earthjustice and Environmental Integrity Project said in a news conference this week. The assessment examined coal waste storage sites around the country.

It cited 13 Ohio sites as possible concerns including storage ponds at the Stuart, Killen, Zimmer, Miami Fort and Beckjord electricity generating plants, located along the Ohio River in southwestern Ohio. Dayton Power Light Co. and Duke Energy are partner-owners in the Stuart, Killen and Zimmer plants. Duke Energy owns the Miami Fort and Beckjord plants. and Duke Energy both said they adhere to state regulation of the coal ash ponds, and also do their own inspections to ensure safe storage of the wastes.

"If there was an issue, we would address it immediately," Duke Energy spokeswoman Johnna Reeder said. ash ponds were designed and constructed under an engineer's supervision and are lined with compacted clay, spokeswoman Lesley Sprigg said. ponds have had no breaches or releases during 30 years of use at Stuart and 25 years at Killen, Sprigg said. operates those plants under the partner agreements. 52-WMk High Low J5lfJ.59 Jl.859.54 3747j15.4"r 15.25 5.22 42.23 8.06 J2.8715.36 6385 46.25 Stock PE Clos Chg.

16.73 6.18 20.91 0.4 21.74 ji.03 25.20 0.46 10.39 0.17 20.54 0.98 23.10j0.39j 18.50 0.19 50.146.25 Jupvalu dd Teradata 15 Tbor Inds 53 TimeWrn re dd Jomkins US Bancrp 17 Vectren 14 Vodafone WalMart 15 wi 1 a a Peoples' problems date to 2007 and 2008, when overdue loans started piling up and the company increased its reserves for loan losses by tens of millions of dollars. The company also has acknowledged that it is in default on the $17.5 million line of credit provided by Integra Bank, and that Integra could go to court to get the debt repaid. Integra would have a legal claim on Peoples' common stock that was pledged as collateral to securd the credit line, Peoples said in its filing with the SEC. The Office of Thrift Supervision has imposed restrictions on Peoples. Among other things, the company must periodically file1 updated business plans with the regulator; must obtain regulatory approval before adding or replacing a director or hiring an executive officer, and is not allowed to pay out cash dividends without the regulator's prior written approval.

"Contact this reporter at (937) 225-2242 orjnolanDaytonDailyNews.com. our Web site. 52 High Low Stock PE Clon Chg. 19.72 J3.62 87.9 24TlO J0.60 J3.57 J9.23 16.98 J5.09 J1.09 9.94 1.88 13.66 2.73 J3.80 16.20 10.6b" il.62 43.93 J9.59 5.52 13.01 20.95 Jl.35j J.71 2.60 Nortellnv 5.40 0.15 Oracle 17 1832 PNC Panasoic Pfizer 22 53.08 8.6 15.35 0.40 12 14.40 J0.24 12 51.57 OJ23 ProctGam JleedElsNV 24772 1.44 RexStrs dd 12.6 J0.41 RobbMyer 9 22.19 1.86" SmithAO 14 31.95 0.71 SprintNex dd 5.24J0.02 StdRegis dd 5.23J0.55 SunMicro dd 9.13 0.03 Company in default on line of credit, will sell branches to reach required capital levels. ByUohn Nolan Staff Writer Peoples Community Bancorp unable to repay a $17.5 million line of credit and considered by its federal regulator to lack adequate capital for is publicly acknowledging that it may be unable to continue as a going concern.

The company, owner of Peoples Community Bank, operating in southwest Ohio and southeastern Indiana, has told the federal Office of Thrift Supervision that it will try to sell branch offices to raise money to reach capital levels that the government regulator requires. "If the bank's capital plan is not approved by the OTS or the bank cannot enter into and consummate a transaction to return 00 GET MORE ONLINE Get instant stock quotes and keep up DrtytonDiiilyNPWS.coiTiBOsloi.lis. 52-High JsTso ji.fi 58.72 96.12 J7.S0 22.97 145.45 33.36 "23.24 69.02 599.49 J0.74 36.40 Low 01I 24.39 J56.51 J3.73 foF 37.18 5.73 1.27 25.11 247.30 17.05 17.35 Stock EMCCp EKodak EmersonEI ExxonMbl FedSignl JifthThirdJ Flowserve GenElec GnMotr Goodrich Google HomeDp Honda PE Clow Chg. 14 3.12 0.10 J3 36.46j.00 9 "70.80 1.87 dd 8.85 0.56 dd 8.49 3.14 974.382.98 914.53 0.57 dd" 1.61 011 8 45.86 2.i2 30407.3310.72 J25.500.il 29.89 Local and widely held stocks 52-wee High Low Stock PE Clow Chg. 73.07 5.20 JW.70 20.90" 7.67 109 77i69 33.70 39.53 2.53 10.il 0.76 J7.72 13 61 26.44 0 97 50.5223.93 J55.00 12.99 13.71 2.96 AK Steel Inc 13.850.25 Js.2S-O.20T 2.60-0.03 "48.34 2.iT J4.f70.66 4.10 18.73-0.22 4.02 0.2 37.48 1 28.35 0.20 4.83 0 03 22.69 0.14 "l2 AlcatelLuc BP PLC 1 BkofAm J9 dd J6 BonTon Cisco Citigrp CompScj 6 Con-Way 60 CooperTiredd CoxRadnj dd DPL lT 28.89 18.52.