Some excellent 40+ posts I've finished.
want to thank, I believe, Webpilot for the comment re:
T's all in one concept. As you say, there is great
liability there. In my (I'm guessing) much shorter
experience in things, numerous times I've lost power, but
not phone service, and power and cable, but phone
service seems more rugged. I haven't thought of that
much, but a good way to be prepared.
programming. The Archie post is encouraging, not much info
here on programming, and after all, that is the
present. My pitch for one channel, take fickle CBS's
market of older demos for one channel, and keep them.
Re: NAB/local ownership. I saw that Fox ditched
NAB on the topic. What a shame. This country is an
embarassment in terms of the minimal selection of daily
newspapers in National level cities. I hope the FCC and NAB
stay strong on local ownership.
news...great info, thanks.
One query to some of you tech
people...are there distinct technical advantages to the
frequencies assigned TV broadcast vs. Cable spectrum (what
freq is cable at, anyways?), vs. phone spectrum???
I like the look of the drying paint.
Please advise which post you write about where I
I agree with everything you state in
your post.. I am long and also agree the network has a
large asset value and BUD is in control with ownership
of stock.. I believe that once a offer to merge or
takeover the company is made others may step up to buy and
we could have a fight over the company in which the
stock price goes to the moon..
unfortunately u are wrong. Cooperation from bud
is an issue. Bud owns at least 60% of the stock...he
controls the company. Anyone looking to buy the company
needs to cooperate...thats why bud is in a very good
seat. He has assembled an asset base with a huge
footprint across the nation. His network cannot be
duplicated. Before bud started this network he was actually
in discussions with partners such as Turner. Turner
wanted control over the stations....thats where the
money is. Turner was going to provide programming. When
a deal makes sense to bud he will react. The man
has made alot of money by selling assets that other
experts thought didnt have the value. His group of radio
asstes is one example. people thought they were worth
around 300-400mm....Bud sold them for roughly
Long and strong
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thanks for the revision of that original 4th
vision....very intersting.....history's a bitch.
Sagansky....4.0=MSFT, damned that's kinda scary talk there.
would the ol' timers here want a buy out from
GE/WESTINGHOUSE/HUGHES...as with Amazon....it seems the new is buying the
RE: previous DEST post...I was shocked to see
them listed in the top 5 of Yahoo's Telecom industry
rankings....above QWST, etc.
Makes me kinda curiouser 'bout how
that thar system operates....and if you check the
"detailed research" field, it always seems the "months ago"
ratings column should b labeled "weeks ago"...hey but who
am I to mess w/ progrez.
Forgot about the preferred shares .. Bud my own
more than 50% .. Part of my comfort in owning this
stock is knowing that a single person in bud's position
owns soooo much of the company.. His personal economic
success is tied to the stock and the company and feel
would personally be motivated to make the company and
therefore stock price a success.. I do worry that due to
the lack of momentum that sagansky may jump ship.. He
does not have the big tie to the the stock that Bud
does.. Womens Soccer.. A natural tie in with the PAX
demographics.. Would increase station recognition and
viewership, seasonally, if PAX could capture this for the
network.. Am sure they are aware of how this sport that is
coming on strong around the country.
With the women's World Cup Soccer being such a
huge success, it presents an opportunity for Pax or
another network. Realizing that ABC has the tournament,
it still might be able to wrestle it away from them.
How? Share some of the revenue and support women's
soccer on a yearly basis. Don't just be fair weather
friends, support it year round.
I believe that Bob
Utne originally suggested that Pax get involved with
women's sports. Soccer sure seems like a natural.
I believe that Bud owns a great deal of Preferred
stock that controls a large amount of votes. Without
going into the SEC filings or documents, if do not know
the exact amount of control. With the Preferred, I am
sure that his control is well over 50%.
one else can gain control, perhaps that is why the
stock price lags.
If Bud did not want to sell, it probably would be
very difficult, if not impossible to buy Pax. I
believe he holds more than half the company.
offer was made for Pax, competing offers may come out
of the woodwork.