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dman748

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Posts posted by dman748

  1. 16 hours ago, tyrannical bastard said:

    And now, it's come to this.   Diamond has been ordered to cough up the rest of the money it owes to the affected baseball teams, or they must forfeit the rights to carry them.

     

    https://www.google.com/amp/s/www.espn.com/mlb/story/_/id/37776665/diamond-sports-group-ordered-fully-pay-twins-guardians-diamondbacks-rangers%3fplatform=amp

     

    So basically Diamond Sports is getting no relief whatsoever from the bankruptcy they filed? Ouch!

    And Judge Lopez has ordered Diamond to pay the affected teams in full within 5 days

     

    So buckle your seatbelts folks, things is about to get very interesting in a hurry.

    • Like 4
  2. 14 hours ago, T.L. Hughes said:

    The first night had a few bumps with the production control equipment. During the 5:30 p.m. newscast, there was about ten seconds of black screen between the open and the cut to the main set as well as a few issues with cueing between different studio shots.

     

    These issues were avoided during the 10:00, however they popped up again during the OK Sports Blitz (which is simulcast on KOTV, so Tulsa viewers got to see the TD issues as well): cutting to Dean Blevins in-studio seconds before the cue with no intro sequence, and being unable to cut to John Holcomb’s segments at the KOTV studios in Tulsa, a Thunder game report and other video packages during the opening segment (at least they cut Dean’s mic at the times Holcomb was supposed to appear, but you could see him getting a little impatient with the technical issues). A technical difficulties slide was shown in place of Segment B, and they had to fall back on KOTV’s PCR (with Blevins MIA and Holcomb mostly solo) for the rest of the program.

    The News 9 Now subchannel is having major technical difficulties, can't even replay the main stations Noon show as well.

     

    This is all part of this move, they have to get the kinks worked out.

    • Like 1
  3. The current KWTV facilities will not be torn down.

     

    In fact Griffin Media is donating EVERYTHING in the current building to Langston University with Langston set to move it's Journalism Program to the Kelley Ave Studios in January 

     

    • Like 7
  4. 47 minutes ago, The Frog said:

     

    Here he is dropping a tease about potentially pursuing sports rights (0:49):

     

     

    Just looking at this thread and honestly, Perry must be high on Sudafed drugs if he thinks he's going to get live sports on the CW.

     

    Many of the major sports contracts are locked up until the late 20s and heading into the 2030s (even local/regional rights deals are locked into that same timeframe) so how's he going to get them?

     

    NEWSFLASH: He can't

    • Like 4
  5. 3 hours ago, GoldenShine9 said:

    Reading some of the petitions to deny and other details, it appears the deal may be illegal on foreign ownership rules, as the hedge funds are largely based in the Cayman Islands, Bermuda and the British Virgin Islands.

    Which means that there is a distinct possibility that both Standard General and Apollo gets nailed by the FCC for lack of candor. I know for certain looking at previous documents both with this deal and when Apollo acquired Cox a few years back there was no mention of them doing business in the Cayman Islands, British Virgin Islands or Bermuda.

    • Like 1
  6. 2 minutes ago, nycnewsjunkie said:

    Wasn’t there some sort of termination fee associated with the deal though? That may be why they’re hoping the deal goes through, despite all the obvious issues with it.

    According to the SEC filing there is a termination fee of $163 million and to address @GoldenShine9's question about when Tegna could terminate this deal, the earliest they could get out of the deal with Standard is in May of next year.

    • Like 3
  7. 12 minutes ago, GoldenShine9 said:

     

    Not only that, there has been zero response from Soo Kim and the other figures about it at all. They have completely ducked the questions. This has the makings of a deal gone bad. I could see this drawing itself out and Tegna walking away, even if Soo Kim throws more money at them. The outside date is in early 2023?

     

    Once Graham put up its petition, that should have been a warning sign.

    That's a big one right there. I literally had no idea that Kim/Standard never bothered to address Apollo's involvement with this deal to the FCC.

  8. 13 minutes ago, GoldenShine9 said:

     

    It's a unique case but an extremely valid one. If they are attributed all to one owner, you'd have such a case in a top-50 market with all networks in one hand. That would be unprecedented and should never happen except in the smallest markets.

     

    I can't see how they can legitimately respond to such an argument.

    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

  9. 45 minutes ago, AdamTheJ said:

    Am I the only one who thinks XFL 2020 deserved better than five weeks? You know something, I’m upset that XFL 2020 is dead and never returning with the 2020 logo. It should in 2023, nothing should change.

    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.

  10. 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.

    • Like 3
  11. 1 hour ago, mrschimpf said:

    I don't know if site filtering ate up the link but I can't seem to click on 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.

  12. 11 minutes ago, mre29 said:

     

    I imagine Tegna being put up for sale as a complete set and not piecemeal didn't help. None of the other broadcasting companies out there (Hearst, Graham, Hubbard, Scripps, Weigel, Bahakel, Griffin, etc.) could afford to buy Tegna because it was so big and expensive. Yeah, I know groups are sold in their entirety for tax reasons, but that's starting to feel like a loophole being exploited.

     

    It also didn't help that Tegna thought it was worth close to $10 billion as a complete set either.

  13. 2 hours ago, Myron Falwell said:

    This interview of CBS News and Station's Wendy McMahon reads not only as a direct indictment against CBS's prior management team, but a direct indictment on Soo Kim's short-sighted attacks on Dave Lougee and Tegna's attempts to modernize their newscasts.

     

    The second Soo throws Dave overboard, CBS will hire him in a heartbeat. And you watch as the former Tegna stations forced to adopt the formula perfected by WFXT, the sixth-place station in a five-station market, are subsequently crippled and stifled by a greedy private equity overlord who only wants to cash out in 1-3 years max.

     

    CBS's choice of KXTA as their central "news innovation" hub now looks more and more like the shrewdest move of all time. They're going to take advantage of WFAA's inevitable collapse under Apollo and might have seen this one coming.

    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)

     

    45 minutes ago, Myron Falwell said:

    Well I certainly didn't expect Harry Jessell to effectively reject this deal like he just did.
     

    If Jessell, one of the most business-friendly writers/analysts in the industry, is saying this, then it may be more doomed than you might think.

    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.

  14. 5 hours ago, Myron Falwell said:

    lmfao WFXT, the "anchor of a new station group."

     

    I think it's be called the S.S. Titanic.

    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.

    • Like 2
  15. 1 minute ago, CircleSeven said:

    I got a question. Why Apollo didn't include KENS 5?

     

    The four Belo Texas stations (with WFAA, KHOU & KVUE 24) have been commonly-owned since since 1999.

     

    Another thing is with that memo posted above, this pretty much confirms that WFXT is going to Standard Media's Tegna. When I read the article earlier this morning, they touted that WFXT was going to be the "anchor or a new station group". I thought they were talking about brand new company.

    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.

  16. 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.

    • Like 1
  17. 57 minutes ago, MidwestTV said:

     

    Of course the employees are the victims. They get no say in the matter and will likely end up having to work harder assuming S/A comes in and slashes as many people as possible. Unless Standard/Apollo gives raises across the board and pours money into each station for resources and development, the only people that really come away from this are the execs.

    Which in past experiences with P/E firms being in the business they don't give raises so I really don't expect Standard to do that with the Tegna stations unless Kim decides to step in and give the employees pay raises (which I have my doubts he would do that)

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