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Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
http://> www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
>
It's bad news for OC Residents who liked KOCE and the PBS programming for OC. We'll lose a local voice in the OC.
But it's even worse news for Pax, who probably was figuring if and when the sale of the Pax stations had to go down that Daystar would be one of the potential bidders and probably the front runner. Now with Daystar likely to get KOCE anyways, they won't be needing Channel 30.
Pax better pray they find another suitor who will pony up big bucks.<P ID="signature">______________
The old skool show@noon with Jeff G and DJ Rawn
Only on Power 106(KPWR Los Angeles)
JOSH, Moderating the whole Radio-Info radio state of California and Indiana too!</P>
http://> www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
>
It's bad news for OC Residents who liked KOCE and the PBS programming for OC. We'll lose a local voice in the OC.
But it's even worse news for Pax, who probably was figuring if and when the sale of the Pax stations had to go down that Daystar would be one of the potential bidders and probably the front runner. Now with Daystar likely to get KOCE anyways, they won't be needing Channel 30.
Pax better pray they find another suitor who will pony up big bucks.<P ID="signature">______________
The old skool show@noon with Jeff G and DJ Rawn
Only on Power 106(KPWR Los Angeles)
JOSH, Moderating the whole Radio-Info radio state of California and Indiana too!</P>
J
John_U
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> Pax better pray they find another suitor who will pony up
> big bucks.
>
Daystar buys KOCE, KOCE foundation picks up PAX in LA cheap. Everyone wins
> Pax better pray they find another suitor who will pony up
> big bucks.
>
Daystar buys KOCE, KOCE foundation picks up PAX in LA cheap. Everyone wins
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> http://>
> www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
>
> >
>
>
> It's bad news for OC Residents who liked KOCE and the PBS
> programming for OC. We'll lose a local voice in the OC.
>
> But it's even worse news for Pax, who probably was figuring
> if and when the sale of the Pax stations had to go down that
> Daystar would be one of the potential bidders and probably
> the front runner. Now with Daystar likely to get KOCE
> anyways, they won't be needing Channel 30.
>
> Pax better pray they find another suitor who will pony up
> big bucks.
>
Don't worry, a lot of big companies want a LA station.
<P ID="signature">______________
<a target="_blank" href=http://www.stationindex.com/>TV Station List</a></P><P ID="edit"><FONT class="small">Edited by stationi on 06/27/05 12:40 AM.</FONT></P>
> http://>
> www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
>
> >
>
>
> It's bad news for OC Residents who liked KOCE and the PBS
> programming for OC. We'll lose a local voice in the OC.
>
> But it's even worse news for Pax, who probably was figuring
> if and when the sale of the Pax stations had to go down that
> Daystar would be one of the potential bidders and probably
> the front runner. Now with Daystar likely to get KOCE
> anyways, they won't be needing Channel 30.
>
> Pax better pray they find another suitor who will pony up
> big bucks.
>
Don't worry, a lot of big companies want a LA station.
<P ID="signature">______________
<a target="_blank" href=http://www.stationindex.com/>TV Station List</a></P><P ID="edit"><FONT class="small">Edited by stationi on 06/27/05 12:40 AM.</FONT></P>
K
KMRichards
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> Don't worry, a lot of big companies want a LA station.
But most of those that do make their money by being affiliated with the Big Four networks, and this market has network O&Os.
<P ID="signature">______________
</P>
> Don't worry, a lot of big companies want a LA station.
But most of those that do make their money by being affiliated with the Big Four networks, and this market has network O&Os.
<P ID="signature">______________
</P>
H
heywhatsupglenn
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> > Pax better pray they find another suitor who will pony up
> > big bucks.
> >
> Daystar buys KOCE, KOCE foundation picks up PAX in LA cheap.
> Everyone wins
>
KPXN is a commercial license. It isn't going to go for cheap. And likely will go as part of a large group of PAX stations. NBC/Telemundo, CBS, FOX and Univision can't buy it. ABC doesn't appear to be buying any tv stations. And there are "rumors" Tribune might sell their stations (to Time Warner). So who is going to be the buyer of PAX stations?
KOCE is a non-commercial license.
> > Pax better pray they find another suitor who will pony up
> > big bucks.
> >
> Daystar buys KOCE, KOCE foundation picks up PAX in LA cheap.
> Everyone wins
>
KPXN is a commercial license. It isn't going to go for cheap. And likely will go as part of a large group of PAX stations. NBC/Telemundo, CBS, FOX and Univision can't buy it. ABC doesn't appear to be buying any tv stations. And there are "rumors" Tribune might sell their stations (to Time Warner). So who is going to be the buyer of PAX stations?
KOCE is a non-commercial license.
K
KMRichards
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> KPXN is a commercial license. It isn't going to go for
> cheap. And likely will go as part of a large group of PAX
> stations. NBC/Telemundo, CBS, FOX and Univision can't buy
> it. ABC doesn't appear to be buying any tv stations. And
> there are "rumors" Tribune might sell their stations (to
> Time Warner). So who is going to be the buyer of PAX
> stations?
And who will buy a group of Pax stations (I refuse to do the all-caps on Pax, sorry, Bud Paxson) in markets where there is no possibility of network affiliations? Certainly not the major station group owners, who for the most part don't own indies.
Unless someone is going to attempt to start yet another network, KPXN (which doesn't have that great a signal anyway, and gets most of its viewers from cable and satellite) may end up a KXLA/KVMD/KJLA clone. Infomercials, home shopping, and brokered ethnic.
<P ID="signature">______________
</P>
> KPXN is a commercial license. It isn't going to go for
> cheap. And likely will go as part of a large group of PAX
> stations. NBC/Telemundo, CBS, FOX and Univision can't buy
> it. ABC doesn't appear to be buying any tv stations. And
> there are "rumors" Tribune might sell their stations (to
> Time Warner). So who is going to be the buyer of PAX
> stations?
And who will buy a group of Pax stations (I refuse to do the all-caps on Pax, sorry, Bud Paxson) in markets where there is no possibility of network affiliations? Certainly not the major station group owners, who for the most part don't own indies.
Unless someone is going to attempt to start yet another network, KPXN (which doesn't have that great a signal anyway, and gets most of its viewers from cable and satellite) may end up a KXLA/KVMD/KJLA clone. Infomercials, home shopping, and brokered ethnic.
<P ID="signature">______________
</P>
J
Joseph_Gallant
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
If Daystar can buy KPXN-30 for less money than the bid they made for KOCE-50, they'll drop their bid for KOCE and buy KPXN.
In the end, the civic group looking to buy KOCE may indeed get to buy it----with Daystar buying KPXN. I think Daystar might be able to buy KPXN for the same amount or less than their bid on KOCE.
If Daystar can buy KPXN-30 for less money than the bid they made for KOCE-50, they'll drop their bid for KOCE and buy KPXN.
In the end, the civic group looking to buy KOCE may indeed get to buy it----with Daystar buying KPXN. I think Daystar might be able to buy KPXN for the same amount or less than their bid on KOCE.
K
KMRichards
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> If Daystar can buy KPXN-30 for less money than the bid they
> made for KOCE-50, they'll drop their bid for KOCE and buy
> KPXN.
I wish they would. I watch and support KOCE.
<P ID="signature">______________
</P>
> If Daystar can buy KPXN-30 for less money than the bid they
> made for KOCE-50, they'll drop their bid for KOCE and buy
> KPXN.
I wish they would. I watch and support KOCE.
<P ID="signature">______________
</P>
K
KMRichards
Guest
Re: Can KOCE file appeal to this decison.
> After reading the article, can KOCE file an appeal to the
> court decision or this case is final?
It can be appealed to the California Supreme Court, if they are willing to hesr it.
<P ID="signature">______________
</P>
> After reading the article, can KOCE file an appeal to the
> court decision or this case is final?
It can be appealed to the California Supreme Court, if they are willing to hesr it.
<P ID="signature">______________
</P>
K
KMRichards
Guest
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> > > If Daystar can buy KPXN-30 for less money than the bid
> > they
> > > made for KOCE-50, they'll drop their bid for KOCE and
> buy
> > > KPXN.
> >
> > I wish they would. I watch and support KOCE.
> >
> pax has lots of infomercial.
Kindly tell us what that comment had to do with the subject of Daystar and KOCE. If, as was speculated, Daystar bough KPXN instead, it would no longer be Pax, so your comment is <u>totally</u> off-topic.
<P ID="signature">______________
</P>
> > > If Daystar can buy KPXN-30 for less money than the bid
> > they
> > > made for KOCE-50, they'll drop their bid for KOCE and
> buy
> > > KPXN.
> >
> > I wish they would. I watch and support KOCE.
> >
> pax has lots of infomercial.
Kindly tell us what that comment had to do with the subject of Daystar and KOCE. If, as was speculated, Daystar bough KPXN instead, it would no longer be Pax, so your comment is <u>totally</u> off-topic.
<P ID="signature">______________
</P>
Re: Bad news for PBS/OC Fans, but even WORSE news for KPXN
> Unless someone is going to attempt to start yet another
> network, KPXN (which doesn't have that great a signal
> anyway, and gets most of its viewers from cable and
> satellite) may end up a KXLA/KVMD/KJLA clone. Infomercials,
> home shopping, and brokered ethnic.
>
Which begs the question: why would Daystar even want to pursue buying KPXN? KOCE is for sale now; to my knowledge, KPXN isn't, despite the speculation. You pan KPXN's signal but not KOCE's, so I assume that KOCE has a better OTA signal than KPXN. KOCE is licensed as a non-commercial station, which imnabwon seemed to imply should be cheaper than commercial KPXN. All around, it sounds like KOCE is the better value.
> Unless someone is going to attempt to start yet another
> network, KPXN (which doesn't have that great a signal
> anyway, and gets most of its viewers from cable and
> satellite) may end up a KXLA/KVMD/KJLA clone. Infomercials,
> home shopping, and brokered ethnic.
>
Which begs the question: why would Daystar even want to pursue buying KPXN? KOCE is for sale now; to my knowledge, KPXN isn't, despite the speculation. You pan KPXN's signal but not KOCE's, so I assume that KOCE has a better OTA signal than KPXN. KOCE is licensed as a non-commercial station, which imnabwon seemed to imply should be cheaper than commercial KPXN. All around, it sounds like KOCE is the better value.
Did the appeals court screw up? What next
http://www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
After reading that and stories in several other on-line resources, it seems to me that the issue that the appellate court cited about the district wanting to "filter out" televangelists is rather off-base.
The district violated the law by not selling to the highest bidder, the court said, 3-0.
Quoting the Times quoting the opinion by Presiding Judge David Sill: (that there was...) "a 'smoking gun' in the form of a 'statement by one of the district's sales brokers to the effect that the district's trustees were bound and determined from the beginning to 'filter out' any televangelists, whom the trustees foresaw would be making the highest bid."
Daystar was outbid, and its higher $40 million bid the day after bidding closed was just that, a day after bidding closed. Too late.
The $32 million bid by the Foundation minus the $4 million the district later cut from the deal ($28 million) is still $3 million more than the ($25 million) last bid Daystar offered before bidding closed.
If the terms outlined prior to bidding did not specify cash at closing, for example, then it seems to me that the district could do as they did as long as the final price remained more than Daystar's.
Maybe that's a little too logical?
Not having seen the actual opinion, it's not easy to see the finer points or nuances of how the appeals court applied California law.
Perhaps the district retakes ownership of the station and contracts with the Foundation to operate it... allowing the Foundation to honor its obligations with the folks who provided purchase money?
Or if legal, retakes ownership and transfers the station to the Foundation in some way that avoids legal problems and having to go to bid.
Ted.
<P ID="edit"><FONT class="small">Edited by TedL on 06/29/05 11:09 PM.</FONT></P>
http://www.latimes.com/news/local/la-me-koce25jun25,1,5618773.story
After reading that and stories in several other on-line resources, it seems to me that the issue that the appellate court cited about the district wanting to "filter out" televangelists is rather off-base.
The district violated the law by not selling to the highest bidder, the court said, 3-0.
Quoting the Times quoting the opinion by Presiding Judge David Sill: (that there was...) "a 'smoking gun' in the form of a 'statement by one of the district's sales brokers to the effect that the district's trustees were bound and determined from the beginning to 'filter out' any televangelists, whom the trustees foresaw would be making the highest bid."
Daystar was outbid, and its higher $40 million bid the day after bidding closed was just that, a day after bidding closed. Too late.
The $32 million bid by the Foundation minus the $4 million the district later cut from the deal ($28 million) is still $3 million more than the ($25 million) last bid Daystar offered before bidding closed.
If the terms outlined prior to bidding did not specify cash at closing, for example, then it seems to me that the district could do as they did as long as the final price remained more than Daystar's.
Maybe that's a little too logical?
Not having seen the actual opinion, it's not easy to see the finer points or nuances of how the appeals court applied California law.
Perhaps the district retakes ownership of the station and contracts with the Foundation to operate it... allowing the Foundation to honor its obligations with the folks who provided purchase money?
Or if legal, retakes ownership and transfers the station to the Foundation in some way that avoids legal problems and having to go to bid.
Ted.
<P ID="edit"><FONT class="small">Edited by TedL on 06/29/05 11:09 PM.</FONT></P>
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