Why not just sell National Amusements.The storyline continues…
What Could Happen If Paramount Global Is Sold — Especially in Pieces
A look at the assets comprising Paramount Global and what could happen if the company is sold in its entirety or in pieces as M&A rumors swirl.variety.com
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Apollo along with many of Private Equity Firms looking to buy Paramount owner National Amusments
- Thread starter DarrenVision
- Start date
how much has value of paramount risen after they take the same page from the Bob iger “we’re going to sell everything” bookThe storyline continues…
What Could Happen If Paramount Global Is Sold — Especially in Pieces
A look at the assets comprising Paramount Global and what could happen if the company is sold in its entirety or in pieces as M&A rumors swirl.
I find it absolutely stunning that said Variety piece completely ignores Apollo's majority control of Cox Media Group, making their bid for Paramount a total non-starter.The storyline continues…
What Could Happen If Paramount Global Is Sold — Especially in Pieces
A look at the assets comprising Paramount Global and what could happen if the company is sold in its entirety or in pieces as M&A rumors swirl.
Not sure that it does. Here's Cox's owned stations group:
Our Brands | Cox Media Group
And here's CBS':
Brands | Paramount
Paramount is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world.
Yeah, it might require some divestitures, but that's a long way from a non-starter.
I was supposed to said that before but the conflict will be in Pittsburgh and Boston aka both the former Westinghouse markets. But the consequence will be changing networks with Disney's ABC in Atlanta, Charlotte and Orlando. WBTV and WKMG might be the right fit since they're on VHF but it will downgrade to UHF in Atlanta if Gray includes WANF together in a deal with WBTV to change into ABC. Eugene might be an interesting to add but at expense of Sinclair's KVAL. Cox Media operates WFOX as part of WJAX but would suprising if they include this unless they sell the Fox affliation rights since WJXT is no.1 in local ratings while WJXX is no.5 since Jacksonville had a track record of affliation changes. Graham might be an probable late entry to FOX but they might bid or swap WPXI, WFXT, and in some extent WFOX's affliation with FOX if Apollo tries to combine Cox Media with Paramount's CBS News and Stations.Not sure that it does. Here's Cox's owned stations group:
Our Brands | Cox Media Group
www.cmg.com
And here's CBS':
Brands | Paramount
Paramount is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world.www.paramount.com
Yeah, it might require some divestitures, but that's a long way from a non-starter.
The simplest thing would be to simply sell their existing stations in markets where a Paramount acquisition would cause a conflict.
Given that Apollo would be the entity buying Paramount in this scenario, Cox would likely continue as a separate division (Apollo is simply a majority shareholder) and could in theory operate stations affiliated with other networks.
The other possibility is that Apollo could divest its share of Cox entirely.
Cox Family does have Cox Communications, Dayton Daily News, Atlanta Journal Constitution, and AXIOS. But I feel that they might get Boston and Pittsburgh but other station groups and networks might bid those markets too like Tegna, Gray, Comcast or Fox.
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And you'd be wrong. Bumping up what @lanceventa said earlier in the thread:Not sure that it does. Here's Cox's owned stations group:
Our Brands | Cox Media Group
And here's CBS':
Brands | Paramount
Paramount is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world.
Yeah, it might require some divestitures, but that's a long way from a non-starter.
If Apollo wants to take the same exact lumps they took with the Standard General-Tegna fiasco, that's totally on them. It will predictablely fail.
Standard is mostly involved then since Apollo was supposed to be the minority shareholder of Tegna.
It didn't matter. The FCC let the deal die because they recognized Apollo as de facto controlling both companies. Which will happen again if they are stupid enough to bid on Paramount.
It's 100% a non-starter unless Apollo sells off their stake in Cox, which they will not do.
You're misinterpreting what I wrote. I was talking about them being operated as separate companies. But, IF Apollo bought all of Paramount they would have to count the Cox holdings towards their ownership cap. But the current reports are that Apollo only bid for the studio assets anyway making this part of the discussion moot
Also Apollo may have something in the works regarding most of their radio holdings...
Paramount Stock Pops After Apollo Bid for Film and TV Studio
The private equity firm bid a reported $11 billion just for the company's studio business.
www.hollywoodreporter.com
My apologies. But doesn't Shari still wants a singular bidder? Her options are quite awful besides this, Skydance and Byron Allen.
I'm presuming the Atlanta stations are retained, which makes the remainder a real hodgepodge.Also Apollo may have something in the works regarding most of their radio holdings...
Paramount Stock Pops After Apollo Bid for Film and TV Studio
The private equity firm bid a reported $11 billion just for the company's studio business.
And if they want Paramount that badly and if Cox got in the way, they could sell their interest in Cox. I can see why they wouldn’t do it for TEGNA. Paramount’s a different thing.
From what I've been told, only WSB/WSBB would be retained due to the newsroom integrations with WSB-TV and the Journal-Constitution.
Did Apollo owned a stake in Tegna before the Standard General bid? I don't think so.
Had the Standard General deal gone through, the Tegna stations in DFW, Houston and Austin would have been spun to Cox, but yes, Apollo had no attributable interest in Tegna.
Sources tell Bloomberg Apollo’s out, Skydance is in and there’s a tentative deal:
finance.yahoo.com
Redstone Has Tentative Deal to Sell Paramount Stake to Skydance
(Bloomberg) -- Paramount Global, the parent of CBS and MTV, is getting closer to a deal to merge with independent producer David Ellison’s Skydance Media.Most Read from BloombergApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most...
There was a jump in the stock price corresponding with this news.
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