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09-23-2011, 05:41 PM
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Originally Posted by gluvhand View Post
The fact that CV is a provider and producer of content is actually kind of not savvy in this case. That's why they split MSG Network, on paper at least, from CV. They saw this coming and were trying to help their case. Obviously didn't work.
Wrong, they spun off MSG because they want to sell it with the renovated building and both rebuilt teams on an upswing. They jacked up the season ticket prices for projected cash flow to add to an already bloated valuation. It's an acquisition target now that its in a nice neat little publicly traded package all by itself. Unfortunately, the capital markets have frozen again so the exit strategy is delayed. 2/1 odds JP Morgan would be the Investment Bank on the deal... F Dolan!

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