North Side Baseball - Home Page

The place for discussion about the Chicago Cubs
It is currently Wed Oct 01, 2014 10:14 am

All times are UTC - 6 hours





Post new topic Reply to topic  [ 12 posts ] 
Author Message
 Post subject: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:23 am 
Online
Hall of Fame
User avatar

Joined: Mon Apr 09, 2007 12:38 pm
Posts: 42795
Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.

_________________
Le’Veon Bell to cops: “I didn’t know you could get a DUI for being high. I smoked two hours ago. I’m not high anymore." Oh.

Spoiler: show
Image


Top
 Profile  
 
 
google adsense
Post details
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:38 am 
Offline
Superstar
User avatar

Joined: Thu Jun 30, 2005 10:04 am
Posts: 15476
Gotta give Delaney credit. I did not see him adding the Yankees to the big ten.


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:49 am 
Online
All-Star
User avatar

Joined: Tue May 06, 2003 7:08 pm
Posts: 3969
Location: Tulsa, OK
Mariner's Revenge wrote:
Gotta give Delaney credit. I did not see him adding the Yankees to the big ten.

Will they be in the Leaders or Legends division?

How good will their football team be in 2013?


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:50 am 
Offline
All-Star

Joined: Fri Jul 15, 2005 1:06 pm
Posts: 1403
jersey cubs fan wrote:
Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is going to come out of Goldman Sachs and Providence Equity Partners' stake, not the % owned by the Yankees which they are keeping.


Last edited by Fro on Tue Nov 20, 2012 10:52 am, edited 1 time in total.

Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:52 am 
Online
Hall of Fame
User avatar

Joined: Mon Apr 09, 2007 12:38 pm
Posts: 42795
Fro wrote:
jersey cubs fan wrote:
Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is Goldman Sachs, etc's stake, not the % owned by the Yankees which they are keeping.


Perhaps, it's 49% though and supposedly with an opportunity to acquire a majority within a couple years.

Those guys wanting out now though is an even stronger signal.

_________________
Le’Veon Bell to cops: “I didn’t know you could get a DUI for being high. I smoked two hours ago. I’m not high anymore." Oh.

Spoiler: show
Image


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:54 am 
Online
Formerly Nuts&Gum
User avatar

Joined: Fri Oct 21, 2005 9:45 pm
Posts: 45751
Location: Lincoln Park
So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 10:56 am 
Offline
5-Time All-Star
User avatar

Joined: Tue Sep 23, 2008 2:17 pm
Posts: 7996
jersey cubs fan wrote:
Fro wrote:
jersey cubs fan wrote:
Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is Goldman Sachs, etc's stake, not the % owned by the Yankees which they are keeping.


Perhaps, it's 49% though and supposedly with an opportunity to acquire a majority within a couple years.

Those guys wanting out now though is an even stronger signal.

Possibly, could also be for tax purposes too. With the increases likely coming in cap gains and the corporate tax they are probably wanting to get out now and pay less in taxes and maximize profits on their gains. This is especially true if the entities selling are on the investment banking side (Goldman, etc.) as they are short term guys anyways whereas a company like Newscorp probably sees this as a long-term investment.

If I had to make a guess I'd say this move is likely more an indication of investors seeing the likely tax increases coming and making a decision based off that than an indication of where they think the future of team owned networks is going.

_________________
Screw Pitchers


Last edited by Cubswin11 on Tue Nov 20, 2012 1:02 pm, edited 1 time in total.

Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 12:45 pm 
Offline
previously Beertown Cubbie
User avatar

Joined: Wed Oct 10, 2007 4:46 pm
Posts: 7949
Location: the REAL chicago
"Evil Empire," indeed.

_________________
neely wrote:
but in reality
2006 .364
2007 .351
2008 his one big year
2009 .347
2010 90 games played
2011 .323
what do you call that?


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 1:52 pm 
Online
is ELL
User avatar

Joined: Wed Sep 24, 2003 12:08 am
Posts: 44528
Location: Chicago Loop
Nuts&Gum wrote:
So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.


This is just all the more reason we shouldn't spend any money until 2019.

_________________
Exile on Waveland wrote:
IU smells like poop.


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Tue Nov 20, 2012 2:13 pm 
Online
Hall of Fame
User avatar

Joined: Wed Feb 25, 2004 8:42 am
Posts: 27668
Location: Friendly Neighborhood Spider-Man
SouthSideRyan wrote:
Nuts&Gum wrote:
So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.


This is just all the more reason we shouldn't spend any money until 2019.


Almora and Baez will be, what, 26 then? Better wait a year or two until they are truly in their primes.


Top
 Profile  
 
 Post subject: Re: Newscorp buying big stake in YES Network
PostPosted: Wed Nov 28, 2012 9:50 am 
Offline
Superstar

Joined: Sat Jul 23, 2005 5:55 pm
Posts: 13726
I think we better get as much as we possibly can in 2014 when WGN runs out. Whether its thru Comcast, Ricketts buys out Comcast, or whatever, I seriously doubt the bubble will be as good 5 years later.


Top
 Profile  
 
 
google adsense
Post details
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 12 posts ] 

All times are UTC - 6 hours


Who is online

Users browsing this forum: Derwood, Google Adsense [Bot], jersey cubs fan, KyleJRM, SouthSideRyan, Transmogrified Tiger, Treymon and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group