The Cabot Group has signed a contract with Pike Development Co. to lease 30,000 square feet of office space on the top floor of the Seneca Building in downtown Rochester. The goal is to attract local businesses in fields like law, marketing, engineering and accounting. Windstream Corp. plans to locate 335 employees on the first two floors and is expected to move in around July 1. Cabot Group Chairman J. Michael Smith said the company looks forward to playing a role in revitalizing midtown Rochester.

1. DemocratandChronicle.com Saturday, February 9, 2013 Page 5B
Cabot Group to help lease
portion of Seneca Building
The Cabot Group is now one of the
leasing agents for new office space at
the former Midtown Plaza location in
downtown Rochester.
The Rochester property and asset
management group has signed a con-
tract with the Pike Development Co.
to lease 30,000 square feet of office
space on the top floor of the Seneca
Building. The goal is to attract local
businesses specializing in things like
law, marketing, engineering and ac-
counting, The Cabot Group said.
Windstream Corp. plans to locate
335 employees on the Seneca Build-
ing’s first two floors and is expected
to move in around July 1.
“We understand how important a
revitalized midtown is to the growth
of our city, and we look forward to
playing a role in that revitalization,”
said J. Michael Smith, chairman and
CEO of The Cabot Group.
Gillibrand in Henrietta
Monday to stump for bill
U.S. Senator Kirsten Gillibrand will
be at Henrietta’s Rochester Precision
Optics on Monday to push her Made in
America Manufacturing Act.
The bill, authored by Gillibrand,
D-N.Y., and introduced to the Senate
in January, would have the federal
government set up a “Made in Amer-
ica Incentive Grant Program,” with
states able to use that money for such
efforts as a revolving loan fund to
help manufacturers pay for major
investments such as retooling or ex-
pansions; or employee retraining for
manufacturers.
Gillibrand currently has six co-
sponsors, all Democrats.
Her stop in Henrietta to drum up
publicity for the bill will be at 12:30
p.m.
Talman Building recovers
from recent flood
Commercial life is largely back to
normal in downtown Rochester’s Tal-
man Building after a broken sprinkler
pipe left several inches of standing
water there on Jan. 31.
The break on the third floor flood-
ed the second-floor offices of Cross-
roads Abstract Corp., a real estate
search and abstract and title insur-
ance services firm.
According to Crossroads, though
the flooding swamped more than half
of Crossroads’ space, the company
resumed work the day after the flood-
ing when power was restored to the
building, though it continues to dry
out parts of its offices with fans. And
according to Crossroads, the abstracts
and title files stored there were not hit
by the flood waters.
The building at 25 E. Main St. also
houses a KeyBank branch, which is
open, and a number of law offices on
the upper floors.
At a Glance
DOW
13,992.97
+48.92
1
S&P 500
1,517.93
+8.54
1
NASDAQ
3,193.87
+28.74
1
Stocks of local interest, 6B
Market Watch
Rochester renewable energy ser-
vices company Arista Power Inc., to
make good on its rent, is handing the
landlord a large stack of stock.
In a U.S. Securities and Exchange
Commission filing Friday, Arista said
it had given the owner of its 1999
Mount Read Blvd. building 390,000
shares to settle up on rent and to cov-
er it through the end of November.
The landlord also received a warrant,
guaranteeing the ability to purchase
another 600,000 shares at a guaran-
teed price of $1 each. The warrant
expires in February 2014.
Arista Power shares closed Friday
at $1.20, up 6 cents or slightly more
than 5 percent for the day.
— Matthew Daneman, staff writer
Local stock highlight
News Tips
Call (585) 258-2416 or (800) 767-7539 from
outside Monroe County.
2 T-note, 10-year yield, 1.95%, down 0.01.
2 Euro vs. dollar, down 0.0038 to $1.3363.
2 Gold, down $2.40 to $1,668.20.
2 Oil, light, sweet crude for March delivery, down 5
cents to $95.78.
Key Indicators
Len LaCara Business Editor (585) 258-2416
llacara@democratandchronicle.com
Len LaCara
Constellation Brands Inc. asked a
federal judge to allow it to intervene in
the U.S. lawsuit seeking to block An-
heuser-Busch InBev NV’s bid to buy
Grupo Modelo SAB in order to protect
its interests in the litigation.
Constellation, which jointly owns a
U.S. beer distribution company with
Modelo, said it should be allowed to
make arguments in the lawsuit backing
the AB InBev deal, according to a court
filing today in Washington. If the $20.1
billion acquisition is approved, Victor-
defendant in the lawsuit. Constellation
and Crown would get to argue for their
own stake in the deal if the judge allows
them to intervene in the case.
AB InBev, which is based in Leuven,
Belgium, asked U.S. District Judge
Richard Roberts in its own filing today
to let the companies join the case. The
Justice Department opposes the move,
according to the filing by Constellation
and Crown.
In a separate filing, the Justice De-
partment and AB InBev asked Roberts
to schedule a Feb. 15 hearing to set a
schedule for how the case should pro-
ceed.
based Constellation would end up with
Modelo’s stake in the distributor, Crown
ImportsLLC,alongwitha10-yeardistri-
bution deal.
“The acquisition of Modelo’s 50 per-
cent interest in Crown is a transforma-
tional transaction for Constellation’s
beerbusiness,”MargaretWarner,alaw-
yer for Constellation and Crown, said in
the filing. “The transaction will double
Constellation’s participation in the
beers business.”
Constellation, which said it had been
part of negotiations with the Justice De-
partment before the government’s anti-
trust case was filed, wasn’t named as a
Company asks in on suit
Constellation wants to support beer merger in federal court
Tom Schoenberg
Bloomberg News
The joys of watching MTV hillbil-
ly reality show Buckwild or IFC’s
sublime sketch comedy show Port-
landia are about to hit you a little
harder in the pocketbook.
Many Time Warner Cable sub-
scribers in western New York will
see their cable bills in March in-
crease an average of 2.6 percent, said
spokeswoman Joli Plucknette-Far-
men.
However, customers already in
set pricing or promotional plans will
be unaffected by the increase.
“The new prices reflect dramat-
ically higher costs charged by pro-
grammers — especially for local
broadcast channels and sports pro-
gramming,” she said. “Programming
costs represent about 40 cents of ev-
ery dollar a customer spends on Time
Warner Cable TV services. In recent
years, the cost of cable programming
has grown at double the pace of the
price of our TV services.”
Meanwhile, subscribers to cable’s
satellite competitors can’t sit smugly
back in their easy chairs.
As of this week, DirecTV hiked
rates for many of its packages and
services. Like Time Warner Cable,
the rate hikes didn’t hit people in pro-
motional offers. But in general, ac-
cording to DirecTV, customers saw
their bills increase 4.5 percent.
Dish Network in January also
raised its prices on its core packages
— its first price hike in two years. Ac-
cording to Dish, the cost of its core
English programming packages
went up $5, while subscribers with
older DVRs saw their DVR fees in-
crease by $1.
And like TWC, DirecTV and Dish
pointedatprogrammersraisingwhat
they charge, with those program-
ming expenses going up “well above
the rate of inflation,” Dish spokes-
man John Hall said.
MDANEMAN@DemocratandChronicle.com
Twitter/mdaneman
TV costs
ticking
upward
TWC, DirectTV, Dish
all see price increases
Matthew Daneman
Staff writer
Hope you got a 2.5 percent pay raise
in the past week. Because you’ll need it
to keep your car going.
The average price of a gallon of reg-
ular gas was roughly $3.85 in the Roch-
ester region on Friday, according to
AAA data. That’s roughly 2.5 percent
more expensive than it was just a week
ago, and up 4 percent over the $3.70 av-
erage gas price the region saw just a
month ago.
Other upstate cities are feeling simi-
lar woes, according to AAA figures,
with a gallon of regular gas averaging
$3.86 in Syracuse — up about 5 percent
from a month ago — and a gallon of reg-
ular averaging $3.88 in Buffalo.
On Friday, crude oil traded above $96
a barrel after reports showed better-
than-expected trade data in China and
the U.S. trade deficit shrank in Decem-
ber to the lowest point in three years.
Both pointed to a stronger global
economy and more demand for oil,
which settled at less than $96 a barrel.
plies, Kloza says.
The storm could bring a break in gas-
oline prices after a steady march up-
ward in recent weeks. Kloza thinks that
later in February and in March prices
will rise as they do most years, but per-
haps not as fast, because prices have al-
ready climbed so high.
“We were in an uptrend but clearly it
wastoobrisk,”hesaid.“Themarketbor-
rowed some of the increases that usual-
ly come in February and March.”
Still, drivers across the country can’t
catch a break at the pump. The average
price for a gallon of gas rose a penny to
$3.57. That’s up 27 cents from a month
ago and 8 cents more than last year at
this time.
DriversinNewYorkwhowerefilling
up ahead of a massive blizzard that be-
gan to dump several inches across the
state faced an average pump price of
$3.92 a gallon.
However, demand for gasoline
should drop, supplies should rise and
prices in the region should drop a bit,
said Tom Kloza, chief oil analyst for Oil
Price Information Service.
“The simple impact (these storms)
have is that they destroy demand for a
period of time,” Kloza said.
The brunt of the storm is not expect-
ed to hit refineries around New York
and Philadelphia the way that Super-
storm Sandy did, so no supply disrup-
tions are expected. If New England
ports get snowed in for a few days, it
could delay shipments of gasoline by
barge, which could lead to reduced sup-
Gas prices head even higher
Staff and wire reports
The International Printing Machin-
ery and Allied Trades Exhibition, held
every four years in England, is a huge
deal in the commercial printing world.
Eastman Kodak Co. used IPEX 2010
to debut its Prosper 5000XL digital ink-
jetprintingpress—akeytothecompa-
ny’s successful turnaround. And Xerox
Corp.’s Barnes & Noble store-sized dis-
playareaatIPEX2010waspackedwith
some of the company’s latest gear, in-
cluding a Webster-made iGen4 digital
printing press, a DocuColor 8002 digi-
talprintingpressandademoofXerox’s
own production inkjet technology be-
ing developed.
But when IPEX 2014 rolls around in
about a year, Kodak won’t be there. Nor
will it be at Print13 in Chicago this fall.
Also not attending IPEX 2014 are Xe-
rox,Hewlett-PackardCorp.andothers.
A growing number of companies in
thecommercialprintingworldaredial-
ing down use of trade shows as part of
their marketing efforts. “The idea is,
we have to reach our customers in dif-
ferent ways,” said Jon Levine, Xerox
vice president of global experiential
marketing. “The efficient way to do
that might not be trade shows.”
Trade shows have long been one of
the few places where buyers of big ex-
pensive printing presses or other big-
ticket offerings could compare differ-
ent products side by side.
But more information is accessible
online, which has led to less of an em-
phasis on taking equipment to shows
and more emphasis on bringing cus-
tomers to one of Kodak’s demonstra-
tion centers in Rochester or elsehwere,
said Christopher Payne, Kodak vice
president of business-to-business mar-
keting.
The shift for Kodak far predates the
company’s current bankruptcy and
People mill in Eastman Kodak Co.’s booth at Drupa, the massive commercial printing
trade show and exhibition held every four years in Germany. Print industry companies
like Kodak and Xerox Corp. are decreasingly using trade shows as a means of
marketing their products and services. PHOTO PROVIDED BY KODAK
PRINT TRADE
SHOWS FADE
Kodak, Xerox join trend to skip
Matthew Daneman
Staff writer
See TRADE, Page 6B
GO DEEPER ON DIGITAL
For a video on how Eastman Kodak Co. is
cutting back attendance at trade shows,
click on this story at Democratand
Chronicle.com.