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A Man for All Reasons: Legacy Omaha Investor John Webster Was a Go-To Guy for The Reader

March 10, 2019 Leave a comment

The Reader newspaper is celebrating 25 years with a special anniversary March 2019 issue. This is one of two articles I have in that milestone edition. In commemorating the paper’s quarter century serving the community, we’re noting some behind the scenes figures and events that helped get the paper this far. This piece profiles legacy Omaha investor John Webster, whose capital allowed publisher John Heaston to reacquire the paper and whose money and advice helped Heaston stabilize the operation through the economic downturn and the changing landscape for print media. Another Omaha investor who stepped up at the same time as Webster to aid The Reader was John Blazek, a social entrepreneur I profile in the second article. It takes a lot of talents and resources to put out a paper and it’s good to recognize some of the untold stories and unsung heroes who have a hand in making it reality. I didn’t know of Webster until I got the assignment to interview him. His role was eye-opening to me and I personally appreciate the way he assisted Heaston and bailed out the paper because I have been a Reader contributing writer for 23 of its 25 years. The bulk of my wide-ranging work as a journalist has been with the publication, where I have had something like a thousand or so pieces appear in its pages, including hundreds of cover stories. It’s been an eventful marriage filled with highs, lows, opportunities, adventures and all the usual stuff that attends a relationship that long-standing. I am glad to have some presence in this landmark edition and I look forward to being part of The Reader reaching new milestones over time.

 

A Man for All Reasons

Legacy Omaha Investor John Webster Was a Go-To Guy for The Reader

by Leo Adam Biga

Originally appeared in The Reader (www.thereaer.com)

 

Being from a legacy family carries expectations. Retired broadcaster John Webster, 70, grew up knowing he was part of a historical line. Even though making his own mark as a Webster was expected, it wasn’t a given.

“I’m a fifth generation in Omaha on my dad’s side and sixth generation on my mother’s, so we’ve been around for a while. I come from a great family. It’s one thing to come out of a good family, but if you don’t have the desire to do something with yourself, it’s just not going to happen,” said Webster, whose family was successful in investments and transportation.

Blessed with creative and enterprising genes, he made his biggest imprint as owner of Omaha radio station KEFM. He was also a director of Ash Grove Cement Company, a cement and cement kiln dust provider to the construction industry. Additionally, he’s served on numerous community boards and committees.

“I was heavily involved in the masonic organizations in Omaha. I got to meet people from all walks of life. That was a big part of how I formed myself.”

When Reader publisher John Heaston needed capital to buy back the paper and stabilize it in this disruptive media space, Webster became an investor. He kept a low profile doing it, which is the Webster way.

“My grandfather and father were big influences on me. As a family we’ve always been pretty private and quiet as to what we do with investments or philanthropy. I’ve followed suit.”

Webster attended Shattuck, a private boarding school in Faribault, Minnesota, when it was a military academy. He earned a business administration degree from Menlo College in Menlo Park, California. His interest in the radio business was stoked visiting a West Coast station.

“I became fascinated with the broadcast side of things. I thought it was terribly creative.”

Back in Omaha, the licenses of radio stations KEFM and KOIL were suspended after owner Don Burden ran afoul of the FCC in 1976.

“When the properties came up I thought this would be a thing I would enjoy doing for a living and I might be pretty good at,” Webster said. “My father and I and Joe Baker formed a small company to go after the licenses.

We thought nobody would want to file against us but

11 other groups did. We went through a seven-year comparative hearing process I wouldn’t wish on anybody. We thought we could serve the community as well as anyone else given our strong Omaha history.

“After seven years the FCC finally decided the same thing. We went on the air officially in 1983. We started from scratch and we built it. Joe Baker left and my father and I continued on and I basically ran the thing.”

He said a lesson he learned is that “you can’t be a broadcaster and be thin-skinned.”

After a nearly two-decade run as a local independent, Webster saw the competitive landscape change when the FCC opened ownership to unlimited stations and markets.

“I could see the writing on the wall that I wasn’t going to be able to compete with somebody that had many more stations and resources. I called a friend of mine who was a license station broker and said, ‘It’s time for me to get out.’ And I got out at the right time.”

Webster made a cool $10 million selling his profitable stations to Clear Channel.

“I think if I had waited six months it would have been a totally different game.”

He added, “If the FCC hadn’t changed things, I’d probably still be in broadcasting.”

He misses it, especially the people.

“When it’s all gone, there’s a vacuum.”

Other business opportunities have popped up, he said,

“but broadcasting was my bread and butter,” adding, “Being in the business and being able to grow the business through creativity and drive meant a lot to me.”

He served as president of the Nebraska Broadcasters Association and was instrumental in creating its charitable foundation. In 2001, he was inducted into the association’s Hall of Fame.

Besides owning his own specialty advertising company, his only other media foray was The Reader.

“I met John Heaston and I liked him, and I liked what he was doing. John Blazek and I got involved as investors.

It was interesting.”

Webster appreciates the publisher’s entrepreneurial zeal. “I think a lot of John Heaston. He’s creative. He has worthwhile ideas. He pursues stories that maybe mainstream publishers wouldn’t lay a hand on. I think there’s something to be said for an alternative newspaper. It adds a different viewpoint.

“The Reader may not be the biggest operation, but I think it serves a very vital part in providing information to the Omaha community.”

Webster and Blazek’s infusion of cash helped The Reader through some tough times.

“It hasn’t been an easy road. It’s been a real struggle. It’s a real compliment to John Heaston that he stuck with it.”

Webster’s been there himself.

“When you own your own business the buck always stops at your desk,” he said. “You can’t blame it on anybody else.”

Satisfaction, he said, comes in direct proportion “to the degree that you can work things out and solve problems and continue to grow.”

Webster, who’s married with three adult children (a fourth died in 2015), keeps a wintertime residence in South Carolina, but Omaha remains home.

“I’ve always loved Omaha. I don’t think I could ever really cut my ties with the city or Nebraska.”

Read more of Leo Adam Biga’s work at leoadambiga.com.

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More Bang for His Buck: Social Entrepreneur John Blazek Helped Reset The Reader’s Course

March 10, 2019 Leave a comment

The Reader newspaper is celebrating 25 years with a special anniversary March 2019 issue. This is one of two articles I have in that milestone edition. In commemorating the paper’s quarter century serving the community, we’re noting some behind the scenes figures and events that helped get the paper this far. This piece profiles social entrepreneur John Blazek, an Omaha investor whose capital allowed publisher John Heaston to reacquire the paper and whose money and advice helped Heaston stabilize the operation through the economic downturn and the changing landscape for print media. Another Omaha investor who stepped up at the same time as Blazek to aid The Reader was John Webster, a former broadcast radio owner I profile in the second article. It takes a lot of talents and resources to put out a paper and it’s good to recognize some of the untold stories and unsung heroes who have a hand in making it reality. I didn’t know of Blazek until I got the assignment to interview him. His role was eye-opening to me and I personally appreciate the way he assisted Heaston and bailed out the paper because I have been a Reader contributing writer for 23 of its 25 years. The bulk of my wide-ranging work as a journalist has been with the publication, where I have had something like a thousand or so pieces appear in its pages, including hundreds of cover stories. It’s been an eventful marriage filled with highs, lows, opportunities, adventures and all the usual stuff that attends a relationship that long-standing. I am glad to have some presence in this landmark edition and I look forward to being part of The Reader reaching new milestones over time.

 

More Bang for His Buck

Social Entrepreneur John Blazek Helped Reset The Reader’s Course

©by Leo Adam Biga

Originally appeared in The Reader (www.thereader.com)

 

Omaha investor John Blazek likes getting “a two-fer” when putting his money to work.

“I always figured why do something for just one reason when you can do things for more than one reason. It’s what I really enjoy. That’s why I’ve done everything I have in my career,” he said.

“I’m a really big believer that to whom much is given, much is required. You’ve got an obligation to try to help the other guy. That’s what makes life enriching.”

As a social entrepreneur, he’s started, acquired and sold businesses with this two-for-one goal in play. At some critical junctures in its history, even The Reader benefited from his strategy, as Blazek infused capital that allowed the paper to remain a viable alternative voice while netting him a return on investment.

“I like to leverage the things I do so it’s not just about me but also provides service to others.”

The Creighton University graduate is Entrepreneur in Residence at his alma mater, where he teaches entrepreneurship and real estate.

His multi-faceted career has encompassed being a pharmacist, executive, educator, real estate developer, philanthropist and mayoral cabinet member.

He served patients as a Kohll’s and Clarkson Hospital pharmacist. He created jobs as a home (Total HomeCare) and workplace healthcare provider (Wellcom). His Old Market and downtown real estate projects have reactivated old buildings, He, Mark Keffeler and Mike Moylan redeveloped the historic Paxton Hotel. Blazek’s an investor in The Jewell jazz club in Moylan’s Capitol District and a partner in the Prairie Hills residential-commercial real estate development.

Reared in a midtown Omaha working-class family, he learned early about leveraging resources. His World War II veteran father was a Union Pacific machinist. His homemaker mother worked part time as a Walgreens cashier. His immigrant grandparents laid a foundation anchored in high aspirations and strong values.

“I think every generation wants the next generation to better themselves,” he said, “but maintain the same values. I think lots of times as people better themselves, they lose some of those core values, which are what got them there.

“Probably the biggest thing I took from my growing upwas a really good work ethic. There’s plenty of people way smarter than me, but I will outwork anyone.”

This practicing Catholic’s faith is central to his life.

“I served as board president of Skutt Catholic High School and Catholic Charities. My wife and I sent our three daughters to Catholic grade schools, high schools and colleges.”

Blazek champions Omaha and its many opportunities.

“It’s all here. You’ve just got to roll up your sleeves and go after it.”

In the late 1990s, then-Omaha Mayor Hal Daub appointed Blazek to the city planning board. Later, as director of economic development, Blazek led the city’s charge to demolish the old Asarco lead refinery plant, whose decades of contamination resulted in East Omaha being declared a Superfund site. A public bond issue paved the way for construction of the convention center-arena and the creation of the Metropolitan Entertainment & Convention Authority (MECA), which he served on the first board of directors.

“That was a great experience,” Blazek said. “The convention center-arena has been a game-changer for the city in the entertainment and development it’s generated.”

An encounter with Reader publisher John Heaston, who was investigating the Asarco site, forged a bond.

“I thought he did a good job and was a fair journalist,” Blazek said of Heaston. “I gained a lot of respect for him and I enjoyed our relationship.”

By the early 2000s, Heaston, who had been bought out, was looking to buy The Reader back from then-owner Alan Baer. Heaston approached Blazek and another local investor, John Webster, to assist him.

“We put up the capital in order for John to do that,” Blazek said.

The investors also helped Heaston acquire El Perico newspaper.

In The Reader, Blazek saw an opportunity to make a profit and stabilize a struggling media entity.

“I thought the survival of the paper was important to the community. Certain things would not be covered if not for The Reader. It often brings up a social-justice voice that I think is healthy. If it were gone, I do think there would be a void.”

His estimation of Heaston has only grown.

“We all know the pressures on print media but John’s a survivor. He works his tail off. He’s a trencher who hung in there through the tough times. He added a digital imprint. He downsized the paper to a monthly. He changed as the times changed. Yet he’s kept the same journalistic principles in place.”

Blazek’s ownership interest was “more from a board-seat standpoint” offering “business advice and mentorship.” Despite the paper not always reflecting his views, he kept involved.

“John and I certainly didn’t agree on everything. I disagreed with a lot of the positions the paper took. But I never interfered with any editorial content.”

All along, the idea was to let Heaston eventually have the paper again all to himself.

“We negotiated an exit strategy where John acquired our interests back. We sold it back to him on an installment basis. John’s done a great job and we wanted to see him continue to do that. It’s kept the paper going and allowed him to stay on as publisher.”

The paper fully became Heaston’s again in 2017.

“I think John had a good year last year,” Blazek said, “so mission accomplished as far as I’m concerned.”

As for Blazek, he intends to finish a self-help book he’s writing and to pursue a doctorate in education.

“I’m open to other ventures as long as they support my direction of moving from ambition to meaning.”

Read more of Leo Adam Biga’s work at leoadambiga.com.

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