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1
Posted on 7/26/12 at 4:45 pm to LoudMatt
doesn't make that any less of a conflict of interest.
Posted on 7/26/12 at 5:01 pm to quail man
I made the statement for 2 reasons 1) I wasn't aware anyone knew he owned the station just pointing it out and 2) that station did good job of being fair and unbiased when it came to covering the Saints.
I understand your concern for it being a conflict of interest but I just don't see it as that big a deal compared to the Times-Pic staying in NOLA
I understand your concern for it being a conflict of interest but I just don't see it as that big a deal compared to the Times-Pic staying in NOLA
Posted on 7/26/12 at 5:04 pm to quail man
quote:
doesn't make that any less of a conflict of interest.
From a team coverage perspective I don't think that's a big deal considering the coverage we get now. Where a conflict of interest would matter is when the teams are negotiating with the state over money, and that is kind of significant.
Posted on 7/26/12 at 5:47 pm to TigerinATL
I remember some posters arguing that Benson didn't have enough liquid assets to purchase the Hornets. Haven't heard from them lately. 
Posted on 7/26/12 at 5:51 pm to VOR
quote:why dont you make a bid for the TP
VOR
Posted on 7/26/12 at 6:01 pm to VOR
TP isn't worth shite man, you could probably drum up enough to buy it if you wanted to. The last transaction of note that I just looked up was for the company that owns the Philadelphia Inquirer and the Philadelphia Daily News. So two papers in a city orders of magnitude the size of nola. It was also an LBO. Price? $55M.
Posted on 7/26/12 at 6:06 pm to Hazelnut
quote:
Benson should just buy all of New Orleans
Posted on 7/26/12 at 6:11 pm to kfizzle85
You mean $55mm?
In any event. it depends upon the specific circumstances and a willing buyer and seller?
In any event. it depends upon the specific circumstances and a willing buyer and seller?
Posted on 7/26/12 at 6:15 pm to VOR
I hate the use of mm. Million only has one m. 
Posted on 7/26/12 at 6:26 pm to VOR
Well yes, that's implied in any transaction is it not? I'm just saying if a company with that kind of market went for 55mm, I'm sure the TP will go for much less should they ever decide to sell it (which they may not, I have no idea), so the aforementioned liquid assets required to buy such a company are...not very large.
This post was edited on 7/26/12 at 6:27 pm
Posted on 7/26/12 at 6:27 pm to tehchampion140
I use MM in finance speak, I use M when talking to every one else.
Posted on 7/26/12 at 6:32 pm to TigerinATL
According to the federal regulations one person can not own a broadcast and print media company in the same area. It would be a monopoly and not allowed!
Posted on 7/26/12 at 7:01 pm to kfizzle85
quote:
Well yes, that's implied in any transaction is it not? I'm just saying if a company with that kind of market went for 55mm, I'm sure the TP will go for much less should they ever decide to sell it (which they may not, I have no idea), so the aforementioned liquid assets required to buy such a company are...not very large.
So what's your point? That Benson isn't liquid?
I was just making the point has more wealth than many people give him credit for. His real estate and media holdings alone are impressive. Plus he has pretty impressive liquidity from what I hear.
The Newhouse family won't sell the TP unless the offer is so large that only an idiot would turn it down. The TP is part of a much larger "experiment" on their part.
Posted on 7/26/12 at 7:07 pm to VOR
quote:
That Benson isn't liquid?
Posted on 7/26/12 at 7:22 pm to Fearthehat0307
quote:
Fearthehat0307
Posted on 7/26/12 at 7:24 pm to VOR
quote:
VOR
quote:
Posted on 7/26/12 at 7:33 pm to Fearthehat0307
Posted on 7/26/12 at 7:35 pm to VOR
quote:enough with this tomfoolery
VOR
This post was edited on 7/26/12 at 7:36 pm
Posted on 7/26/12 at 7:45 pm to Fearthehat0307
you said "tomfoolery"
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