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dman748's Achievements
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Keep in mind too that when the set was built originally, they were doing SportsCenter literally from 9am Eastern until 2am Eastern, now it's totally different.
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I have a theory in mind that I'm going to take over to Speculatron 9000 regarding Cox (what's left of it) and Graham
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The fact that Graham Media has filled a petition to deny this merger says a lot about where this merger could be heading towards. I've never seen Graham this much outspoken for or against a merger of a competitor, ever.
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- Tegna
- Standard Media
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Honestly there was nothing XFL 2020 could've done because it wasn't really their fault they didn't last as long as they should have, it was just simply circumstances beyond their control.
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Is the way we consume television changing? Yeah absolutely but, the more I think of Myron's ideas the more I think that's asking for a lot of people to be placed out of work and at a time where local news matters the most we don't need anymore people losing their jobs due to cutbacks and such that comes from mergers than what it already is just because "oh local news is dying we need to shut down the whole news department!!!!" That's nonsense the way I look at it. -
That's weird because it worked just fine on my end. Usually Weeters is on there and I know Myron has been frequenting this particular thread I can simply private message them and let them know what's going on.
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And now we have our first look at the Comprehensive Exibit on the deal. Some of the notable highlights: We're seeing a good ole facility swap in Dallas No divestitures are being addressed The WFXT group is tentively called Teton (and it looks like it's somewhat connected to Cox I'm not sure about that one) Either way I probably got confused reading that whole exhibit.
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It also didn't help that Tegna thought it was worth close to $10 billion as a complete set either.
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If you're saying that P.E. firms buys broadcasters just to flip them in like 3 years max (which that's what it sounds like to me) then WFAA/KVUE/KHOU's time under Apollo should then be a brief one (whether they decide to cash out within the next year or Apollo is forced to sell off Cox because of the DOJ considering Tegna and Cox to be one company) The fact that the only bidders were a P.E. firm that tried not once, but twice to take over Tegna and Byron Allen that really goes to show how much consolidation has eaten up this industry and why I might strongly consider entering into the public sector after I finish my Bachelor's in a few years.
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LMAO.. In all seriousness the more I think about it the more I think the press release was probably misquoted or something to that effect, I think that new group is probably setting up a "shell" for WFXT (and actually likely WFAA/KVUE/KHOU too) or Kim is essentially taking Tegna and using the divestiture tool to break up the whole Tegna chain knowing full well that the DOJ would probably treat all 3 entities as one large company. It actually puzzles me why they would actually form a separate company within Standard to run WFXT that would also have the voting rights to the new Tegna yet, Apollo (Cox) won't have any voting rights at all. EDIT: Just read the New York Post article about this deal and it's a holding company that's buying both Tegna and WFXT separately and it would be ran separately. This deal needs to be reworked a bit when they file the application with the FCC, I already have wayyyy more questions than I do answers.
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Yeah I think regarding both of them I think we need to wait until the FCC filings get filed, the only thing I can think of it might be an error in the memo.
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Here's the press release regarding the WFXT acquisition and it notes that Standard is creating a whole new media company (separate from Tegna) centered around WFXT
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My thinking is that I've completely disagreed with Myron on the part of the Government rejecting this deal outright, we need to wait until we see the papers filed at the FCC before jumping into conclusions but what my opinion is that unless it's structured something to the effect of Standard/Apollo making divestitures to include a spin-off of Cox into it's own independent company (which would consist of primarily the original Cox stations, the former Texas Belo stations and I will include KENS in that one and the current Standard stations) As it is structured now I DO agree with Myron that it will ultimately not pass regulatory muster.
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TEGNA Broadcasting and Digital General Discussion
dman748 replied to ABC 7 Denver's topic in Corporate Chat
For the moment, no. -
Bloomberg is now reporting that Standard/Apollo are nearly a deal to buy Tegna for $24-a-share What's interesting is that what's included is that the shares will increase if the regulatory approval takes a long (and I mean a long) time to approve (which is a possibility). A deal could be announced as soon as later this morning.
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