Publishing firm plans to purchase Annapolis magazine...

BUSINESS NOTES

January 22, 2001

Publishing firm plans to purchase Annapolis magazine

Chesapeake Life magazine extended its reach when it changed its name from Annapolis Quarterly in spring 1998. It plans to grow even larger as part of Alter Communications, publisher of the Baltimore Jewish Times and Style Magazine.

Alter has signed a letter of intent to acquire the glossy bimonthly from Lund Media Ventures. The deal is expected to close early next month, said Andrew A. Buerger, publisher of the Jewish Times and Style.

Annapolis-based Chesapeake Life's five-member staff will move to Alter's offices, temporarily in Owings Mills while the company's Baltimore headquarters is renovated.

Eric Lund, Chesapeake Life's publisher, said the magazine, which he started in 1996, grew more quickly than he'd expected. It has 24,000 subscribers, half of them in Anne Arundel County and on the Eastern Shore.

"The opportunity exists for Chesapeake Life to be very competitive with Baltimore Magazine and the Washingtonian, but it needs more resources to get to that stage," Lund said.

Chesapeake Consulting makes $14,000 donation

For years, Chesapeake Consulting Inc. of Severna Park has been helping Bello Machre Inc., a Pasadena nonprofit organization that provides homes, support and care for developmentally disabled children and adults.

Chesapeake's owner and president, John Covington, serves on the Bello Machre board.

This month, the firm presented Bello Machre with a check for $14,000, representing 10 percent of the company's pretax profits.

BB&T vice president to run operations in county

Hunter Calloway, senior vice president of BB&T, has been given overall responsibility for the banking company's operations in the Anne Arundel County and Southern Maryland region.

Calloway had been BB&T's lead corporate banker in the mid-Atlantic.

For the record

Professional Marketing Matters Inc. of Severna Park has announced that it will conduct Towson University's annual direct-mail alumni campaign.

Gateway Development Group, partly owned by Lund Realty Group LLC in Annapolis, has signed a 30-year contract with the Navy to develop, operate and jointly own 288 townhouses in Everett, Wash., north of Seattle.

Jing Ying Institute, a martial arts school in Arnold, opened last month. The school, specializing in Northern Shaolin-style kung fu, is at 1196 Baltimore-Annapolis Blvd., Suite 6.

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