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ABC 7 Denver

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Everything posted by ABC 7 Denver

  1. ABC 7 Denver
    *Except KCNC who is adopting CBS News Colorado. Re Vice President of Creative Services: No. That's definitely not what happened. I can't go into more detail, but that wouldn't be the decision.
  2. ABC 7 Denver
    While I was an investor in BELO, I'm not an investor in TEGNA. So I can't take a look at the Shareholders Financial Statements. I suspect though, generally, they are bringing in more revenue with which to pay down debt than their operating costs. Shedding syndicated programming, standardizing Creative Services and reducing operational overhead, like off-air staff, etc, are effective ways to manage these costs. This is just coming from someone who took several accounting classes though.
  3. ABC 7 Denver
    How much wheeling and dealing is Kim doing to make these optics look good?
  4. ABC 7 Denver
    Sure! When TEGNA split with Gannett, Gannett was saddled with a lot of debt and at the time of the split, Gannett would not have been able to pay it down given the meager success of their newspapers. The television group, on the other hand, had the ability to pay down that debt if they were structured effectively. This structure separation would help the papers survive as a pure-pay business. So when the split happened, TEGNA, which is technically the original Gannett (same business license) with a new name kept the debt tied to that legal entity, and new Gannett (new business license) kept the papers, their debt tied to the legal entity that is now Tegna.
  5. ABC 7 Denver
    You're exactly right! And I'm a Social Democrat agreeing with you. So you know this is cold water on the subject. A few thoughts that I will add: As many pension accounts tie themselves to PE, returns are not as strong as they would be using the stock market or index funds. The only people who make out well in Private Equity are managers at the top. That industry itself is a sham. Also, given the debt/equity ratio, companies like Sinclair, Gray, Scripps and Nexstar are known as zombie companies. When the debt comes due in the next few years, these businesses will not be able to refinance at a low interest rate and they will default. They have sold their shareholders a bill of good, mainly in economies of scale, that they cannot live up to. Tegna is one of the few groups of their size that can survive because they've intentionally been structured to pay down debt (the balance sheet transfer made when they split with Gannett).
  6. ABC 7 Denver
    I know why you say this, but you know that Tegna won't invest more. If the shareholders want to continue to earn dividends, the current structure is ideal. It continues to reduce debt and prioritizes the shareholders.
  7. ABC 7 Denver
    Same stock buy.
  8. ABC 7 Denver
    Damn. That's young. I'm so sorry for his family and team.
  9. ABC 7 Denver
    Hi. Are you new here? Not being condescending; legitimately asking. This Shared Services/Local Marketing Agreement structure of side-care station ownership has been an overarching theme over the last ~decade in the consolidation of station ownership, mainly with Nexstar and Sinclair as the culprits. The FCC has seemed disinclined to prevent this market manipulation, though I would have hoped the Biden Administration had taken a firm stance and unraveled these blatant violations of the ownership rule.
  10. ABC 7 Denver
    It was supposed to be wraparound, but that seems less and less likely to happen.
  11. ABC 7 Denver
    That's the logo they're going with, but this would be so much better:
  12. ABC 7 Denver
    That is literally hot trash.
  13. ABC 7 Denver
    Exactly. From a fiscal perspective, buying this station now to create that kind of product at $1.4 Million with these interest rates and without an affiliate certainly makes me question if there are alternative motives.
  14. ABC 7 Denver
    Ouch. That's a lot of money for such a tiny purchase. That or inflation is killer.
  15. ABC 7 Denver
    There are so many things that I think about this, and so many ways that I know this will go wrong.
  16. ABC 7 Denver
    That's assuming they're still solvent by that time, which, given their PE and debt ratios combined with rising interest rates may be an issue by 2024.
  17. ABC 7 Denver
    Someone really likes Nexstar!
  18. ABC 7 Denver
    I hope that's not the anchor desk. It's not authoritative. It looks temporary and dinky.
  19. ABC 7 Denver
    This further cements my perspective. https://www.ftvlive.com/sqsp-test/2022/10/26/is-nexstar-headed-for-bankruptcy
  20. ABC 7 Denver
    And taking the same approach with the Safeway Albertson brands.
  21. ABC 7 Denver
    Big white hairy balls rule this town.
  22. ABC 7 Denver
    To that minority point, there were two organizations vying for TEGNA, both lead by minorities, Soo Kim and Byron Allen. If that's the argument that they are competing with then they are going to lose. On paper, Allen Media has a lot fewer legal questions, hurtles and backroom dealing than Standard does. For that alone, I would not approve the deal.
  23. ABC 7 Denver
    More likely the Jets. I see the confusion though.
  24. ABC 7 Denver
    Nexstar is someone I highly recommend not investing in. They don't know their ass from a hole in the ground.
  25. ABC 7 Denver
    I think it will eventually become all reality and news programming only (NewsNation Nightside/ MIA and local). There's going to be nothing scripted whatsoever.
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