Huh? If they're not a CBS affiliate? Don't understand the concern.
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Apollo along with many of Private Equity Firms looking to buy Paramount owner National Amusments
- Thread starter DarrenVision
- Start date
sorry that's TV stations
I meant the small market tv stations many of them not affilated by CBS.
Allen Media Group - Wikipedia
Sinclair swap for the some of the small market stations and Bally Sports stake
Provided they aren't in the same market as one of the CBS O&O's, assuming those particular stations are part of the deal, there should be no conflict.sorry that's TV stations
I meant the small market tv stations many of them not affilated by CBS.
Allen Media Group - Wikipedia
en.wikipedia.org
If they swap with Sinclair KEYE and KUTV might return to CBS.
And what would be the benefit to Sinclair?
For example: If Byron wants to swap assets like the Bally Sports stake and most small market station to Sinclair, Bryon might get the CBS stations, 4 subchannel networks, Tennis Channel, Stirr, and NewsON.
I can see this going through. Him and paramount have a relationship already, from airing his shows during the writers strike
If you've ever bought or sold a house, the quality of the offer makes a difference. Byron's offer is with debt & equity. That's not cash or stock. He's trying to do what Ted Turner tried to do when he offered to buy CBS. The buyer uses the value of the company being bought as collateral for debt. Junk bonds. He can't qualify for the loan otherwise.
If they agree to let him sell the studios, on the condition of selling, they could agree to it. Or, this could all be just for nothing to rise up the paramount’s value
But again; Sinclair and CBS Paramount are two different companies with different structures and challenges. I can't think of anyone these days who would actively want small market or independent TV stations given the ad climate, and why would Allen intentionally want to take on a bankrupt RSN?
Should CBS get the small market stations no, If Paramount+ wants to add more sports then yes either the RSNs or the Tennis Channel.
But those would be completely separate deals aside from any acquisition of National Amusements and to my knowledge as an outsider, not even being considered. That's why I'm confused about your questions.
"Conversations with Wall Street and industry veterans on Wednesday elicited a range of reactions to Allen but also highlighted that a decision point is arriving for Redstone. Some question the solidity of the financing for Allen’s proposed deal, noting that backers in a tricky economic climate marked by high interest rates have not yet been identified. They also cite a catalog of offers made by Allen, including for ABC and other Disney TV assets, BET and Tegna, without any reaching fruition.
“People remember the ABC offer. They remember BET. The latest stuff that he’s done hasn’t panned out,” said one fund manager."
deadline.com
“People remember the ABC offer. They remember BET. The latest stuff that he’s done hasn’t panned out,” said one fund manager."
Paramount Global Nears Crossroads After Latest Acquisition Offer: What’s Shari Redstone’s Next Move?
News of Byron Allen’s $30 billion offer (including debt) for Paramount Global has restarted Hollywood’s most active parlor game: Whither Paramount and assets like its 112-year-old film …
deadline.com
Paramount Global stock jumped to $15 a share on the Byron Allen offer. The thing that excited Wall Street was he offered a huge premium to stockholders:
As a stockholder, that's still a loss for me. This was a stock that was trading in the 40s and 50s just a few years ago.
What would Byron sell, and what would he keep?
As a stockholder, that's still a loss for me. This was a stock that was trading in the 40s and 50s just a few years ago.
What would Byron sell, and what would he keep?
I still think, just like the Disney/ABC offer, this is nothing more than an attempt to get his name top of mind with potential investors or the press. It's like a guy that pulls up in his Kia Rio and walks into a Ferrari dealer asking for a brochure. 'Well, I'm playing the Megaball lottery this week and am just getting my ducks in a row should I win.'
Id think the intellectual property and studios are worth more than the TV side.
He talks a good game but can never close a deal, so pardon me if I cannot take his heavily leveraged buyout offer seriously.
Always a bridesmaid, never a bride.
The storyline continues…
variety.com
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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