A media giant, split down the middle

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Split in two: McLean-based Gannett Co., which publishes USA Today, has announced plans to split into two separate, publicly traded companies, with one firm handling its publishing business and another that will manage its broadcasting and digital businesses. The move is part of a broader trend in the evolving media industry. (CAPBIZ)

We’ll make, you sell: After a five-month review of its competitive strategy, Bethesda-based Sucampo Pharmaceuticals is planning to narrow its focus to developing new treatments while relying on others to do the selling and marketing. (CAPBIZ)

Can’t deal us out: Maryland lawmakers made it illegal in 2012 for casino owners to make donations to political candidates. The shocking result? Casino owners (one in particular) have found other ways to donate. (WP)

All aboard: Metro’s new Silver Line has now been running relatively trouble-free for more than a week. Now that it’s operating, though, are people actually riding it? So far, it looks that way. (WP)

Museum move? The Smithsonian Institution is exploring building or buying a new headquarters, which move the organization our of its leased space in D.C. and potentially save the group hundreds of millions of dollars. (WBJ)

New iPhone: Apple is reportedly planning to hold an event on Sept. 9 to unveil its next-generation iPhones. Most of the speculation so far surrounds the size of the new screens. (WSJ)

On second thought: During the U.S.-Africa Leaders Summit yesterday, Bill Clinton emphasized that he didn’t “want to get in the middle of Washington’s political wars.” Then he got right into the middle of one over the Export-Import bank. (WP)

Inside the wage debate: Several cities have recently raised or are planning to raise their minimum wages above the federal minimum and above those enforced in surrounding areas. Here’s a look at the early results of those experiments. (WP)

On Wall Street

Stocks edged lower on Tuesday, erasing Monday’s gains in the wake of fresh concerns that the strengthening economy will prompt the central bank to raise interest rates.  (Get the latest updates here)

What’s on tap today

MBA purchase applications (7:00 a.m.)

Gallup job creation index (8:30 a.m.)

International trade report (8:30 a.m.)

Small Business Network of Vienna meetup (7:30 a.m.)

Pastries & Champagne Women in Business event (6:00 p.m.)

Help: How to shore up your company’s password security (OSB)

Follow: Sucampo Pharmaceuticals

Extra: Here’s what the most productive workers have in common (WP)

Thoughts? Have feedback, tips or events we should know about? Email us here

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he manages the Post's On Small Business blog.
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J.D. Harrison · August 5