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Billionaire Trump supporter offers to buy embattled CNN (Greek guy)
yahoooo ^
| 6-8-23
| Graeme Massie
Posted on 06/10/2023 4:04:55 PM PDT by dynachrome
click here to read article
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Popcorn sales would be up.
To: dynachrome
I think I can scrape up $50 bucks. Isn’t that CNN’s current market value?
2
posted on
06/10/2023 4:07:27 PM PDT
by
The Iceman Cometh
(Casey DeSantis? No thanks. I've already voted for too many Bushes.)
To: dynachrome
“It’s up to the investment bankers to come up with the numbers,” he said, as he suggested that finance to complete the deal would not be an issue.
Let the numbers talk to you......................
3
posted on
06/10/2023 4:08:05 PM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: dynachrome
4
posted on
06/10/2023 4:09:45 PM PDT
by
Brian Griffin
(SPENDING STRIKE: No new car/new house/additional gun - No meals out/stock buy/travel/home remodels)
To: dynachrome
This guy bought a dying WABC 770 AM in NYC and has turned it into a totally dominating powerhouse for all hours of the day.
He kinda sounds like a bit of a rube, but I wouldn’t underestimate his media building skills.
If he gets a hold of CNN, you can stick a fork in Fox.
5
posted on
06/10/2023 4:11:49 PM PDT
by
nesnah
(Infringe - act so as to limit or undermine [something]; encroach on)
To: dynachrome
6
posted on
06/10/2023 4:13:26 PM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: The Iceman Cometh
Musk paid $44 billion for Twitter, which was probably worth a few billion.
CNN is a damaged brand, but it still has widespread cable carriage.
CNN might fetch around $2 billion. There is a big audience for cable news done right.
7
posted on
06/10/2023 4:17:09 PM PDT
by
Brian Griffin
(SPENDING STRIKE: No new car/new house/additional gun - No meals out/stock buy/travel/home remodels)
To: Brian Griffin
Musk paid $44 billion for Twitter,
I believe that was the initial offer SUBJECT TO a lot of issues. We will never know the final price. Standard negotiation ............................
8
posted on
06/10/2023 4:19:31 PM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: Brian Griffin
CNN might fetch around $2 billion. There is a big audience for cable news done right.$2 billion!!!!!!! For CNN???? Yikes....
9
posted on
06/10/2023 4:20:12 PM PDT
by
The Iceman Cometh
(Casey DeSantis? No thanks. I've already voted for too many Bushes.)
To: nesnah
“On June 27, 2019, Red Apple Media, which is owned by John Catsimatidis, bought WABC from Cumulus Media for $12.5 million in cash. The sale closed on March 2, 2020.”
https://en.wikipedia.org/wiki/WABC_(AM)
That’s less than $1 per broadcast area person.
10
posted on
06/10/2023 4:20:22 PM PDT
by
Brian Griffin
(SPENDING STRIKE: No new car/new house/additional gun - No meals out/stock buy/travel/home remodels)
To: The Iceman Cometh
Google has a market capitalization of around $1500 billion (according to a google search).
11
posted on
06/10/2023 4:23:27 PM PDT
by
Brian Griffin
(SPENDING STRIKE: No new car/new house/additional gun - No meals out/stock buy/travel/home remodels)
To: Brian Griffin
The google market capitalization works out to be about $170 per person in the world.
12
posted on
06/10/2023 4:25:48 PM PDT
by
Brian Griffin
(SPENDING STRIKE: No new car/new house/additional gun - No meals out/stock buy/travel/home remodels)
To: dynachrome
2 billion for a hundred viewers?
13
posted on
06/10/2023 4:26:44 PM PDT
by
Huskrrrr
(Alinsky, you magnificent Bastard, I read your book!)
To: dynachrome
..... Because FOX is demonized by the left and shunned by many .... This is actually the only way we could reach the uninformed masses by controling one of the only news sources that they have .... This would be an absolute game changer and the Left will do everything they can to stop this
.
14
posted on
06/10/2023 4:33:54 PM PDT
by
R_Kangel
("A nation of sheep will beget a nation ruled by wolves")
To: dynachrome
Will the USIC sell CNN? I bet not.
15
posted on
06/10/2023 4:46:07 PM PDT
by
LucienCA13
(sorry if you are microaggrieved)
To: dynachrome
Cats is an interesting guy, he is keeping WABC pertinent after the great defection to WOR with Rush, well, Rush is gone so anything is possible..
16
posted on
06/10/2023 5:11:48 PM PDT
by
Shady
(The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
To: Huskrrrr
“2 billion for a hundred viewers?”
Yeah, but if he cleaned house and turned it into a truth-telling Conservative news org, ratings would go through the roof.
17
posted on
06/10/2023 5:18:47 PM PDT
by
Eccl 10:2
(Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
To: dynachrome
Twitter sold to Musk because they didn’t know how to do what he was promising to do for the shareholders. WB Discovery is in the same boat.
18
posted on
06/10/2023 5:19:12 PM PDT
by
bigbob
(Q)
To: dynachrome
Whether or not this deal happens, this is exactly what is needed, conservatives taking over some of these media outlets.
19
posted on
06/10/2023 5:25:05 PM PDT
by
Williams
(Stop Tolerating The Intolerant)
To: dynachrome
Whatever CNN’s real value is, is tied to the cable bundle.
CNN has LOTS of paying subscribers who are held hostage by the cable bundle.
But the cable bundle may implode if as reported ESPN offers a standalone streaming service.
When You Tube TV in effect took regional sports networks out of the cable bundle, RSN’s imploded.
Hence the Bally Sports bankruptcy.
Whatever the value of those regional sports networks is, that value is not tied to cable bundling.
Whatever entity owns CNN would be smart to sell CNN now for whatever it can get, because its current value is higher than its future value, when the cable bundle disintegrates.
The loss of cable viewers is a hot topic among those who cover media.
Cable subscribers have fallen to a number equal to the early eighties and late seventies.
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