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Sinclair, Tribune Close to Merger Deal


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Gawker lost in a court of law...fair and square.

 

We have public defenders, ACLU and fee waivers for the poor and under represented in court cases of all types.

 

Are you saying the Smiths are bribing or manipulating the courts in some unfair way?

Shall we discuss the manipulation of the courts over the last 25 years?

 

 

Are we done with the politics now???

 

Happy $th everyone.

Whoops.....4th.

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Gawker lost in a court of law...fair and square.

 

We have public defenders, ACLU and fee waivers for the poor and under represented in court cases of all types.

 

Are you saying the Smiths are bribing or manipulating the courts in some unfair way?

Shall we discuss the manipulation of the courts over the last 25 years?

It wasn't that Gawker lost. Quite frankly, outing Theil the way they did was uncalled for. That's not in dispute by any means.

 

It was HOW they lost. Hulk Hogan could have successfully sued Gawker over his sex tape dalliance, but Theil gave him a blank check and all the resources he needed to win a ridiculously disproportionate monetary settlement that Gawker had no ability to cover. And because Theil got away with it, a precedent has been set.

 

I'm pretty sure that the Smith family has prepared meticulously in the event a network expresses displeasure or threatens to cancel all contracts. They know the game all too well, we are all but worthless pawns.

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  1. Democrats will spend over a billion dollars on Television advertising in the 2018-2020 election cycle.
  2. By FEDERAL LAW... Sinclair, will be FORCED to accept that advertising and those dollars from the democrats.
  3. Democrats are free to spend as much money as they wish at those stations (and otherS) to get that Democratic message of Unity and Inclusiveness out to the people.

That's called the American Way...

I doubt the democrats will be so stupid as to boycott Sinclair stations during the next election. However...if the dems actually DID boycott all the Sinclair stations...Sinclair would be screwed big-time.

 

Bend over donkey.

 

Now I'm gonna go blow shit up.

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More from Stelter. We know Fox didn't make a bid, but Nexstar did. However, his sources said that it wasn't enough to outbid Sinclair.

 

He also said an announcement is expected in the morning..........

 

Follow-up on how the bidding process happened.

 

At the end Sinclair beated Nexstar but during earlier biddings, according to Jessell, it was Nexstar who outbid Sinclair. Three Times.

  • The bidding began in mid-January as Sinclair started the bidding at $32.90. Nexstar stated two weeks after they were wiling to pay between $33.32 to $34.77.
  • Then in March, both expanded their bids with Sinclair upped theirs to $38 and Nexstar with $39 to $40.
  • One month later in April, they raised their bids again. Sinclair with $38.50 and Nexstar with $40.
  • At that point Tribune thought these deals were so close, they decided to have a final bid on May 4. Nexstar bidded $41. But Sinclair finally outbided Nexstar with $43. And given to their stock-cash offering in their negotiations, the final bid ended up being $43.50.

The article also said they were six other companies and other private equity firms that express some forms of interests in Tribune (either parts of the company or as a whole). One of them was Fox/Blackstone, who said on April 20, they were willing to pay between $40 to $44. But when May 4 rolled around, they failed to make a bid.

_____________________

 

The FCC has now docketed the Sinclair-Tribune deal. MB Docket No. 17-179.

 

The date to file a Petition of Deny is August 7. For opposition of those deny filings, is August 22. And for replies to those opposition filings, is August 29.

 

Also the deal's S-4 Form Document is also up.

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Follow-up on how the bidding process happened.

 

At the end Sinclair beated Nexstar but during earlier biddings, according to Jessell, it was Nexstar who outbid Sinclair. Three Times.

  • The bidding began in mid-January as Sinclair started the bidding at $32.90. Nexstar stated two weeks after they were wiling to pay between $33.32 to $34.77.
  • Then in March, both expanded their bids with Sinclair upped theirs to $38 and Nexstar with $39 to $40.
  • One month later in April, they raised their bids again. Sinclair with $38.50 and Nexstar with $40.
  • At that point Tribune thought these deals were so close, they decided to have a final bid on May 4. Nexstar bidded $41. But Sinclair finally outbided Nexstar with $43. And given to their stock-cash offering in the negotiations, given the final bid at $43.50.

The article also said they were six other companies and other private equity firms that express some forms of interests in Tribune (either parts of the company or as a whole). One of them was Fox/Blackstone, who said on April 20, they were willing to pay between $40 to $44. But when May 4 rolled around, they failed to make a bid.

_____________________

 

The FCC has now docketed the Sinclair-Tribune deal. MB Docket No. 17-179.

 

The date to file a Petition of Deny is August 7. For opposition of those deny filings, is August 22. And for replies to those opposition filings, is August 29.

 

Also the deal's S-4 Form Document is also up.

 

I expect to see quite a few Petitions to Deny, especially from our old "friends" at Free Press. Although, I see no reason to deny IF they can get the deal in compliance with market and national caps.

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I expect to see quite a few Petitions to Deny, especially from our old "friends" at Free Press. Although, I see no reason to deny IF they can get the deal in compliance with market and national caps.

 

If it was anyone else involved, I would say let the deal carry on... but Sinclair's "compliance" is likely "selling" the license to the station to their friend Armstrong Williams, while keeping the assets of the acquired station on a subchannel of their existing station in the market.

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I expect to see quite a few Petitions to Deny, especially from our old "friends" at Free Press. Although, I see no reason to deny IF they can get the deal in compliance with market and national caps.

 

You know that Free Press, and other advocacy groups are going to bitch and moan about any merger, even if they "play nice" :rolleyes: and spin-off in-market & non-conflict markets to comply with the cap. Of course that would be complete surprise if they actually do that. But we shall see.

 

But with that

, do you think it would be a heavy influx of comments, like the volume of comments came of FCC's proposal to repeal the 2015 Title II "net-neutrality" ruling?

____________________

 

New article from Feder. Some of the top executives at the Trib will get a nice golden parachute once the deal completes.

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If it was anyone else involved, I would say let the deal carry on... but Sinclair's "compliance" is likely "selling" the license to the station to their friend Armstrong Williams, while keeping the assets of the acquired station on a subchannel of their existing station in the market.

 

In markets where they involve two news operations (Seattle, OKC, Salt Lake City, Grand Rapids and Harrisburg) and in the national cap requirements, I would deny on such and order it sold to an independent entity. In Scranton, it should require termination of the SSA with New Age as a condition of sale.

 

Elsewhere, it might be okay since there is little change in the market to begin with. In a few cases, that "okay" would be to sell it to a speculator, although in St. Louis and Greensboro it would not be possible to shut down a station since they are already on the bare minimum to allow duopolies.

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Follow-up on how the bidding process happened.

 

At the end Sinclair beated Nexstar but during earlier biddings, according to Jessell, it was Nexstar who outbid Sinclair. Three Times.

  • The bidding began in mid-January as Sinclair started the bidding at $32.90. Nexstar stated two weeks after they were wiling to pay between $33.32 to $34.77.
  • Then in March, both expanded their bids with Sinclair upped theirs to $38 and Nexstar with $39 to $40.
  • One month later in April, they raised their bids again. Sinclair with $38.50 and Nexstar with $40.
  • At that point Tribune thought these deals were so close, they decided to have a final bid on May 4. Nexstar bidded $41. But Sinclair finally outbided Nexstar with $43. And given to their stock-cash offering in their negotiations, the final bid ended up being $43.50.

The article also said they were six other companies and other private equity firms that express some forms of interests in Tribune (either parts of the company or as a whole). One of them was Fox/Blackstone, who said on April 20, they were willing to pay between $40 to $44. But when May 4 rolled around, they failed to make a bid.

_____________________

 

The FCC has now docketed the Sinclair-Tribune deal. MB Docket No. 17-179.

 

The date to file a Petition of Deny is August 7. For opposition of those deny filings, is August 22. And for replies to those opposition filings, is August 29.

 

Also the deal's S-4 Form Document is also up.

 

Nexstar buying Tribune makes little sense. Of Tribune's 32 markets Nexstar has conflicts in 13 of them (14 if you include Portland, don't think there are enough stations for another douoploy). Wouldn't Nexstar have also had to sell some additional stations as well because they aren't as UHF heavy as Sinclair ?

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But with that
, do you think it would be a heavy influx of comments, like the volume of comments came of FCC's proposal to repeal the 2015 Title II "net-neutrality" ruling?

Even if people complained, you think Altji Paid Off would give the complaints the time of day? Puleeze. He wants a cut of the payday from the merger, too.

 

It's a fait accompli, and Sinclair will finally be able to turn their goliath TV station group into a hard-core political weapon for the Republican Party intent on destroying the lives of any dissenters.

 

In markets where they involve two news operations (Seattle, OKC, Salt Lake City, Grand Rapids and Harrisburg) and in the national cap requirements, I would deny on such and order it sold to an independent entity. In Scranton, it should require termination of the SSA with New Age as a condition of sale.

You're speaking from a position of sanity. Altji Paid Off and his Republican cohorts abandoned the notion of being sane.

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It's a fait accompli, and Sinclair will finally be able to turn their goliath TV station group into a hard-core political weapon for the Republican Party intent on destroying the lives of any dissenters.

 

I'm sure you will find the reeducation process much more enjoyable now.

You can now register with your assigned keepers on-line...it's fun and convenient.

Your camp may even have a Starbucks.

 

Only 7-12 more years...

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Free Press wants to go back to 50's & 60's that ship has sailed years ago they just don't like mergers and support censorship and lie to FCC with there baseless complaints without merit just like abusing the courts as well. Wheeler didn't even listen to Free Press he only threw them a bone last fall which he abuse his power by getting rid of UHF discount without changing the rules which he needed to talk about rule changes before getting rid of UHF discount.

 

Glad that Pai righted that wrong and reinstated the UHF discount and is at least talking about changes of the rules like upping the cap from 39%.

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New article. In the article, the employees from both news clubs in Seattle are really worried about their job security, should this merger go through.

 

They should be worried...

Today's TV news product is crap...nobody wants to watch.

Photographers are a dime a dozen now...there are a million storytellers all over the net..."news" is everywhere...and there are a million former and unemployed TV types that will pounce on those jobs for minimum wage.

 

And speaking about minimum wage in Seattle...how is that working out?

It's backfired real bad...same in the of state of MO.

Sinclair is not the reason to be frightened...the problem goes back much, much farther. Sinclair is just the new scapegoat. I don't blame the troops...but...

 

Try producing a product that somebody wants to watch...without bias....spend some money on actual news gathering, and good old "investigations"..

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[ATTACH=full]4172[/ATTACH] Let's take a moment to enjoy this beautiful picture of a great news operation and tv station on the Northcoast.

 

Enjoy it while you can. Once the Heathens of Hunt Valley take over, that all she wrote.

 

Speaking of the devil, old Boris did his editorial defending that "Terror Alert" segment, after John Oliver, in that

, called it "nonsense".

 

Video Courtesy of Boris Epshteyn's YT Page

 

And now they're playing the Fox card, telling their employees not to speak to outside media. They're still going to get negative press regardless if employees speak or not.

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I caught the last few seconds of it last night, but while in the middle of their 10pm newscast, FOX43 WPMT had a announcement announcing what I believe was the names of Tribune board members and also a Sinclair member or two. Very slow scroll. Maybe this has to be part of the merger.

 

Any other Trib stations did this?

 

-- Matt

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And now they're playing the Fox card, telling their employees not to speak to outside media. They're still going to get negative press regardless if employees speak or not.

 

Lets see ANY employee of any network openly bash the employer in a public forum or in the "outside" media...

Lets see that person keep their job.

 

New York Times ,Wapo

NBC

CBS

ABC

CNN

FOX

They all have the same policy about disclosing company gossip or anything else to the media.

 

So don't be surprised that FOX would have the exact same policy as the others.

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I caught the last few seconds of it last night, but while in the middle of their 10pm newscast, FOX43 WPMT had a announcement announcing what I believe was the names of Tribune board members and also a Sinclair member or two. Very slow scroll. Maybe this has to be part of the merger.

 

Any other Trib stations did this?

 

-- Matt

 

That is the Public Notice of Sale... during a transaction like this, the FCC requires the station to list the 10% or greater shareholders of BOTH companies, and to give the public the chance to file objections to the sale.

 

Every Tib station should be doing this,they are likely airing the public notice in slots no one watches.

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