DOCSLIB.ORG

Private Equity Chasing Tv Returns, Not Stakes

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Private Equity Chasing Tv Returns, Not Stakes www.spotsndots.com Subscriptions: $350 per year. This publication cannot be distributed beyond the office of the actual subscriber. Need us? 888-884-2630 or [email protected] The Daily News of TV Sales Wednesday, August 28, 2019 Copyright 2018. PRIVATE EQUITY CHASING TV RETURNS, NOT STAKES PATRICK: BLACK THE EXCEPTION, NOT THE RULE ADVERTISER NEWS Leon Black’s Apollo Global Management has gobbled up Popeyes Louisiana Kitchen says it has sold out of its Cox Media Group and Northwest Broadcasting Group, inventory of its new chicken sandwich. In a video posted to but don’t expect to see a parade of other private equity its Twitter feed, the company said that the sandwich would investors racing behind. That’s according to one broker be back soon and this time, it would be for good. Popeyes who’s worked closely with Wall Street money managers. stores across the U.S. have been selling out of the sandwich Patrick Communications founder Larry after a Twitter feud between Chick-fil-A and Patrick believes Apollo’s moves are more Popeyes inspired consumers to taste the new of a one off, driven in part by Black’s desire sandwich for themselves. The fried chicken to be in the television business. “I don’t see chain officially launched the sandwich a stampede of private equity running into Aug. 12, calling its first nationwide chicken television at this point,” said Patrick, noting sandwich their biggest launch in nearly 30 that most PE firms are comfortable simply years... Shoe retailer Cole Haan is readying holding stakes in groups like Nexstar, for an initial stock offering, CEO Jack Boys Sinclair and Tegna. “You don’t see those companies on said in a statement. Apax Partners acquired the brand from their own saying they’re going to march into this area and Nike in 2013, and Cole Haan has since moved beyond its build a monstrous footprint,” he said. signature dress shoes to feed growing demand for sneakers While Providence Equity Partners and Blackstone and other casual footwear... UK-based online luxury retailer Group have made rumblings about TV in recent years, Farfetch is in advanced negotiations to acquire Barneys neither has struck a deal, and both may have cooled on the New York, in a deal that would keep the retailer’s New York business. City flagship open, sources tell theNew York Post. Farfetch, Black’s TV appetite is said to have been whetted when he which said there are no plans to acquire Barneys, sells new attempted to buy Tribune Media and Nexstar but came up and used goods and counts about 375 luxury brands among short — with Nexstar capturing Tribune in a still-pending its 1,000 sellers... Dollar General, Dollar Tree and Family $4.1 billion deal. In recent weeks Tegna has confirmed Dollar (a subsidiary of Dollar Tree) are being slapped with Apollo’s attempt to strike a deal, and Patrick thinks that’s a $1.2 million in fines following an investigation by the New hint of what’s to come. York attorney general’s office that found all three sold expired “The only player at the table right now is Leon Black, OTC medications. CNBC reports the action also names who has said he will use private-equity money to build Dollar General for selling motor oil unsuitable for modern something,” Patrick said. “He can’t be satisfied with just cars and Dollar Tree for violating New York’s bottle deposit Cox. Even if he were to get Tegna, which is 50-50 at this law... Members of the United Food and Commercial point, I think he’d want something more and he’d go after Workers union in Oregon and Southwest Washington have others to see what else is out there.” approved a strike against supermarket chains including Fred Private-equity investors may like the returns they’re getting Meyer, QFC, Safeway and Albertsons as a contingency if from TV group holdings, but owning the business outright is negotiations fail in coming weeks, The Oregonian reports. a different story. Patrick said what keeps them as investors The union and representatives of the grocery companies and not owners is that TV is a mature business without huge have been talking for more than a year to resolve growth. “Where the growth is coming from is retransmission differences over the level of pay increases and what the fees — there’s little organic growth,” Patrick said. “But while workers contend is gender-based income bias... Amazon retans revenue is going up, it’s not a never-ending staircase appears to be cutting back prices at Whole Foods again, that keeps going up and up. There will be a point where the after rolling out a broader price hike earlier this year, CNBC cable buys are going to get tough and dig-in.” reports. As of August, Whole Foods prices are down roughly That, combined with cord-cutting data, is enough to keep 2.5 percent on average compared with last year, according most private-equity firms on the sidelines. Patrick noted to a note published by Morgan Stanley. The drop in price that when he previously worked with an investment firm follows a 3 percent price increase in the first three months that ended up with a group of TV stations after ownership of this year, the note said. The modest price cut is the latest defaulted, the firm’s mission was to build up sales, put the shift in strategy at Whole Foods, which Amazon bought for stations on more solid footing — and sell them. $13.7 billion in 2017... Papa John’s yesterday named Rob For sales reps, the big question is what it means for job Lynch, previously president of Arby’s, its CEO. The pizza stability. Typically, private-equity firms look to “tighten-up chain’s stock, valued at $1.5 billion, jumped 7.5 percent in operations” when they buy a company, Patrick said, but in morning trading. The change is effective immediately. Lynch general, he said the biggest pressure points aren’t in the replaces Steve Ritchie, who was handpicked by founder sales department but on vendors, such as syndicators or John Schnatter to succeed him in 2018. Lynch helped lead Arby’s to 16 consecutive quarters of same-store sales (Continued on Page 3) growth, as well as record sales and profits last year. DABL CLEARED IN MORE THAN 80% OF U.S. AVAILS CBS Television Distribution has cleared its advertiser- WMC-TV in Memphis, Tenn., seeks a Director of Sales supported diginet Dabl in more than 80 percent of the U.S. to lead all aspects of its cross-platform sales efforts. The to launch on Monday, Sept. 9, the company said yesterday. qualified candidate will have a strategic vision for the In addition to the CBS Television Stations, Dabl will WMC sales department, marked premiere on stations from the Sinclair, Tribune, Graham, by specific, measurable goals. Meredith, Quincy Media, News-Press & Gazette, Capitol Minimum 5 years’ experience in a Broadcasting, Bahakel and Univision groups. broadcast, digital sales or marketing At launch, Dabl will include programming from the Martha role. Must love sales, developing Stewart and Emeril Lagasse TV libraries, as well as from and empowering teams, and collaborating with peers to Cesar Millan, Bob Vila and Jamie Oliver with such series deliver above and beyond expectations. CLICK HERE for as Cesar to the Rescue, Cesar Millan’s more info or to apply. EOE/M/F/D/V. Leader of the Pack, Home Again Hearst Television’s WMOR-TV, one of with Bob Villa and Jamie’s 30-Minute the top-rated Independent stations in the Meals. One thing I wouldn’t have country, is seeking a dynamic Account Dabl also has acquired series from predicted about Greenland: Executive. The ideal candidate will A&E, including Find & Design, Flip Very small population but bring both Broadcast and Digital sales This House and Sell This House. It’s 37 Blockbuster Videos. experience and possess the drive and also picked up standalone series Doctor ability to thrive in a fast-paced, highly & The Diva, starring American Idol competitive market. A proven track Kimberly Locke and ER physician Dr. Conan O’Brien record in new business development, Steve Salvatore, and Canadian talk along with strong negotiation skills, is show Cityline, hosted by Tracy Moore. required. We are a destination company in a great market that offers a tremendous opportunity for NETWORK NEWS the right person. CLICK HERE to apply. EOE. Saturday Night Live standout Leslie Jones is leaving ACCOUNT EXECUTIVE, Tampa, Fla. — FOX O&O, NBC’s late-night sketch comedy program after five seasons WTVT: This opening at the top-rated station in Tampa to pursue a slew of film and TV projects, Deadline reports. requires the servicing of existing transactional accounts One project is Supermarket Sweep, a reboot of the classic along with the development of new broadcast and digital TV game show, which Jones will be hosting and executive business. Candidate must be highly motivated and possess producing. The revival is said to be generating interest from strong presentation and prospecting skills. Position the likes of ABC, NBC, Fox and Netflix... Parenthood and requires prior broadcast sales experience, preferably in Gilmore Girls alumna Lauren Graham is set for a season- an LPM market. Excel and Power Point are a must, and a long arc opposite Jane Levy in Zoey’s Extraordinary working knowledge of WideOrbit, PRIME Lingo and Kantar Playlist, NBC’s musical dramedy series, in a recasting. Media a plus. College degree is preferred.
Load more

Recommended publications
  • PUBLIC NOTICE Federal Communications Commission 445 12Th St., S.W
    PUBLIC NOTICE Federal Communications Commission 445 12th St., S.W. News Media Information 202 / 418-0500 Internet: https://www.fcc.gov Washington, D.C. 20554 TTY: 1-888-835-5322 DA 19-275 Released: April 10, 2019 MEDIA BUREAU ESTABLISHES PLEADING CYCLE FOR APPLICATIONS TO TRANSFER CONTROL OF NBI HOLDINGS, LLC, AND COX ENTERPRISES, INC., TO TERRIER MEDIA BUYER, INC., AND PERMIT-BUT-DISCLOSE EX PARTE STATUS FOR THE PROCEEDING MB Docket No. 19-98 Petition to Deny Date: May 10, 2019 Opposition Date: May 28, 2019 Reply Date: June 4, 2019 On March 4, 2019, Terrier Media Buyer, Inc. (Terrier Media), NBI Holdings, LLC (Northwest), and Cox Enterprises, Inc. (Cox) (jointly, the Applicants) filed applications with the Federal Communications Commission (Commission) seeking consent to the transfer of control of Commission licenses through two separate transactions.1 First, Terrier Media and Northwest seek consent for Terrier Media to acquire companies owned by Northwest holding the licenses of full-power broadcast television stations, low-power television stations, and TV translator stations (the Northwest Applications). Next, Terrier Media and Cox seek consent for Terrier Media to acquire companies owned by Cox holding the licenses of full-power broadcast television stations, low-power television stations, TV translator stations, and radio stations (the Cox Applications and, jointly with the NBI Applications, the Applications).2 Pursuant to a Purchase Agreement between Terrier Media and the equity holders of Northwest dated February 14, 2019, Terrier Media would acquire 100% of the interest in Northwest.3 Pursuant to a separate Purchase Agreement between Terrier Media and Cox and affiliates of Cox, Terrier Media would acquire the companies owning all of Cox’s television stations and the licenses and other assets of four of Cox’s radio stations.4 The Applicants propose that Terrier Media, which is a newly created company, will become the 100% indirect parent of the licensees listed in the Attachment.
    [Show full text]
  • Apollo Global Management Appoints Tetsuji Okamoto to Head Private Equity Business in Japan
    Apollo Global Management Appoints Tetsuji Okamoto to Head Private Equity Business in Japan NEW YORK, NY – December 5, 2019 – Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced the appointment of Tetsuji Okamoto as a Partner, Head of Japan, leading Apollo Private Equity’s efforts in Japan. Mr. Okamoto will play a lead role in building Apollo’s Private Equity business in Japan, including originating and executing deals and identifying cross-platform opportunities. He will report to Steve Martinez, Senior Partner, Head of Asia Pacific, and will begin in this newly created role on December 9, 2019. “This appointment and the new role we’ve created is a reflection of the importance we place on Japan and the opportunities we see in the wider region for growth and diversification,” Apollo’s Co-Presidents, Scott Kleinman and James Zelter said in a joint statement. “Tetsuji’s addition signals Apollo’s meaningful long-term commitment to expanding its presence in the Japanese market, which we view as a key area of investment focus as we seek to build value and drive growth for Japanese corporations and our investors and limited partners,” Mr. Martinez added. Mr. Okamoto, 39, brings more than 17 years of industry experience to the Apollo platform and the Private Equity investing team. Most recently, Mr. Okamoto was a Managing Director at Bain Capital, where he was a member of the Asia Pacific Private Equity team for eleven years, responsible for overseeing execution processes for new deals and existing portfolio companies in Japan. At Bain Capital he was also a leader on the Capital Markets team covering Asia.
    [Show full text]
  • How Will Financial Services Private Equity Investments Fare in the Next Recession?
    How Will Financial Services Private Equity Investments Fare in the Next Recession? Leading funds are shifting to balance-sheet-light and countercyclical investments. By Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith are partners with Bain & Company’s Financial Services and Private Equity practices. They are based, respectively, in London, New York, Boston and London. Copyright © 2019 Bain & Company, Inc. All rights reserved. How Will Financial Services Private Equity Investments Fare in the Next Recession? At a Glance Financial services deals in private equity have grown on the back of strong returns, including a pooled multiple on invested capital of 2.2x in recent years, higher than all but healthcare and technology deals. With a recession increasingly likely during the next holding period, PE funds need to develop plans to weather any storm and potentially improve their competitive position during and after the downturn. Many leading funds are investing in balance-sheet-light assets enabled by technology and regulatory change. Diligences now should test target companies under stressful economic scenarios and lay out a detailed value-creation plan, including how to mobilize quickly after acquisition. Financial services deals by private equity funds have had a strong run over the past few years, with deal value increasing significantly in Europe and the US(see Figure 1). Returns have been strong as well. Global financial services deals realized a pooled multiple on invested capital of 2.2x from 2009 through 2015, higher than all but healthcare and technology deals (see Figure 2).
    [Show full text]
  • Nhl Media Directory 2011-12 Table of Contents Page Page Nhl Directory Nhl Media 1+/2I¿Fhv
    NHL MEDIA DIRECTORY 2011-12 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA 1+/2I¿FHV ...........................................3 1+/FRP .............................................11 1+/([HFXWLYH .......................................4 1+/1HWZRUN .......................................11 1+/&RPPXQLFDWLRQV ............................4 1+/5DGLR ...........................................12 1+/*UHHQ ............................................6 1+/6WXGLRV ........................................12 NHL MEMBER CLUBS NHL MEDIA RESOURCES .................. 13 $QDKHLP'XFNV ...................................20 HOCKEY ORGANIZATIONS %RVWRQ%UXLQV ......................................27 %XIIDOR6DEUHV .....................................34 +RFNH\&DQDGD .................................260 &DOJDU\)ODPHV ...................................40 +RFNH\+DOORI)DPH .........................261 &DUROLQD+XUULFDQHV .............................46 1+/$OXPQL$VVRFLDWLRQ ........................7 &KLFDJR%ODFNKDZNV ...........................52 1+/%URDGFDVWHUV¶$VVRFLDWLRQ .........264 &RORUDGR$YDODQFKH ............................57 1+/3OD\HUV¶$VVRFLDWLRQ ....................17 &ROXPEXV%OXH-DFNHWV .......................66 3URIHVVLRQDO+RFNH\:ULWHUV¶ 'DOODV6WDUV .........................................72 $VVRFLDWLRQ ...................................263 'HWURLW5HG:LQJV ...............................78 86+RFNH\+DOORI)DPH0XVHXP ..261 (GPRQWRQ2LOHUV ..................................85 86$+RFNH\,QF ...............................262 )ORULGD3DQWKHUV ..................................92
    [Show full text]
  • TRS Contracted Investment Managers
    TRS INVESTMENT RELATIONSHIPS AS OF DECEMBER 2020 Global Public Equity (Global Income continued) Acadian Asset Management NXT Capital Management AQR Capital Management Oaktree Capital Management Arrowstreet Capital Pacific Investment Management Company Axiom International Investors Pemberton Capital Advisors Dimensional Fund Advisors PGIM Emerald Advisers Proterra Investment Partners Grandeur Peak Global Advisors Riverstone Credit Partners JP Morgan Asset Management Solar Capital Partners LSV Asset Management Taplin, Canida & Habacht/BMO Northern Trust Investments Taurus Funds Management RhumbLine Advisers TCW Asset Management Company Strategic Global Advisors TerraCotta T. Rowe Price Associates Varde Partners Wasatch Advisors Real Assets Transition Managers Barings Real Estate Advisers The Blackstone Group Citigroup Global Markets Brookfield Asset Management Loop Capital The Carlyle Group Macquarie Capital CB Richard Ellis Northern Trust Investments Dyal Capital Penserra Exeter Property Group Fortress Investment Group Global Income Gaw Capital Partners AllianceBernstein Heitman Real Estate Investment Management Apollo Global Management INVESCO Real Estate Beach Point Capital Management LaSalle Investment Management Blantyre Capital Ltd. Lion Industrial Trust Cerberus Capital Management Lone Star Dignari Capital Partners LPC Realty Advisors Dolan McEniry Capital Management Macquarie Group Limited DoubleLine Capital Madison International Realty Edelweiss Niam Franklin Advisers Oak Street Real Estate Capital Garcia Hamilton & Associates
    [Show full text]
  • Have a Little Faith by Mitch Albom
    have a little faith by Mitch Albom READING GROUP GUIDE In his first nonfiction work since the publication of his international bestseller Tuesdays with Morrie, Mitch Albom turns his keen observational eye and journalistic gifts toward one of the world’s most complex, yet universal, subjects. In Have a Little Faith, Albom explores the unifying power of religion as he plumbs the lives and callings of two “men of the cloth”—Albom’s childhood rabbi Albert Lewis (“the Reb”), who asks Albom to write and deliver his eulogy upon his demise; and Henry Covington, a Detroit inner-city pastor struggling to keep his mostly impoverished and disenfranchised congregation together as their dilapidated church crumbles around them. At the same time, Have a Little Faith is the deeply personal story of Albom’s journey of faith, as he examines why he strayed from his Jewish roots and, through the inspiration of the Reb and Pastor Henry, how he comes to find his way home once more. As a result, this is a book filled with many fascinating themes, such as the power of resilience in the face of adversity, the true meaning of faith, and how belief can lift us in surprising ways. The below questions are designed to help guide your reading group’s discussion of this thought-provoking and uplifting book. QUESTIONS FOR DISCUSSION 1. Have a Little Faith asks, “What if our beliefs were not what divided us, but what pulled us together?” How would you begin to answer this question? Which of the world’s ills could be healed, what wrongs could be made right, if religion was more of a unifying force? 2.
    [Show full text]
  • Bain, Ares Moves Stoke Alts Fund Arms Race
    Bain, Ares Moves Stoke Alts Fund Arms Race By Tom Stabile February 15, 2017 Bain Capital, Ares Management, and various private equity peers have cranked up their efforts to reach retail investors through a wave of new products and partnerships in the increasingly active non-traded registered fund marketplace. The firms have built up their presence in the market for non-traded business development company (BDC), real estate investment trust (REIT), closed-end, and interval funds over the past year through a mix of new products, joint ventures, acquisitions, and subadvisory mandates. The scrum in the past year also has included private equity managers such as Blackstone Group, Apollo Global Management, and Providence Equity Partners; real estate fund managers Rialto Capital Management and Colony NorthStar; and hedge funds such as Magnetar Capital and Och-Ziff Capital Management. And they are often partnering with active players in the non-traded registered alts fund business, such as FS Investments, CION Investments, and Griffin Capital, each of which has stepped up new product efforts. Blackstone, Apollo, KKR, and Carlyle Group had established footholds in this market in recent years through earlier rounds of partnerships, but the range of new moves – and addition of peer firms to the fray – has created a bustle. “There continues to be a retail invasion of the market by these big [managers],” says Rajib Chanda, a partner at Simpson, Thacher & Bartlett who specializes in registered fund law. “There definitely has been a renewed interest in the interval funds structure.” The non-traded registered product market’s earlier push several years ago largely involved establishing broader fund of funds-style structures, but now there is much more activity on single funds and narrower investment options, Chanda says.
    [Show full text]
  • NHL MEDIA DIRECTORY 2012-13 TABLE of CONTENTS Page Page NHL DIRECTORY NHL MEDIA NHL Offices
    NHL MEDIA DIRECTORY 2012-13 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA NHL Offices ...........................................3 NHL.com ...............................................9 NHL Executive .......................................4 NHL Network .......................................10 NHL Communications ............................4 NHL Studios ........................................11 NHL Green ............................................6 NHL MEDIA RESOURCES .................. 12 NHL MEMBER CLUBS Anaheim Ducks ...................................19 HOCKEY ORGANIZATIONS Boston Bruins ......................................25 Hockey Canada .................................248 Buffalo Sabres .....................................32 Hockey Hall of Fame .........................249 Calgary Flames ...................................39 NHL Alumni Association ........................7 Carolina Hurricanes .............................45 NHL Broadcasters’ Association .........252 Chicago Blackhawks ...........................51 NHL Players’ Association ....................16 Colorado Avalanche ............................56 Professional Hockey Writers’ Columbus Blue Jackets .......................64 Association ...................................251 Dallas Stars .........................................70 U.S. Hockey Hall of Fame Museum ..249 Detroit Red Wings ...............................76 USA Hockey Inc. ...............................250 Edmonton Oilers ..................................83 NHL STATISTICAL CONSULTANT Florida
    [Show full text]
  • Victim's Brother Hopes Sentence Will Heal Family
    Nominate a business owner or professional for the Athena Award - Page A5 Your hometown newspaper serving Canton for 29 years Are kids drinking too much pop and , not enough March 21,2004 milk? 75 cents Health, C6 VOLUME 29 NUMBER 75 wiviv.hometoivnlife.com ©2004 HOMETOWN COMMUNICATIONS NETWORK Win a $500 Farmer Jack shopping spree Layoffs loom as district eyes cuts See page B3 for details BYTONYBRUSCATO 90-day notice. There are possibilities that have an athletic director: Sue Heinzman notices on Tuesday are Bill Keith, manag- STAFF WRITER some, if not all, could be retained. at Canton High School earns $98,021; er of WSDP, the student-run radio station; However, Ryan said it's likely there will be Tom Willette at Salem and Terry Sawchuk Mark Bretton in the curriculum center; r The Plymouth-Canton Schools Board of a restructuring of the athletic hierarchy at at Plymouth each earn $83,395. Mike Wesner, a computer technician; and Education will consider the layoffs of the park. Ryan said some of those laid off could Susan Jackiw, an executive secretary. seven administrators, including the three "We can save money by restructuring be back at reduced salaries. Ryan said he expects to give approxi- athletic directors at Plymouth-Canton the athletic leadership," said Ryan. "I've "We have to find a way to change the mately 23 teachers, the same as last year, Educational Park, as part of a cost-saving talked to TVoy, Livonia, Farmington and. costs," he said. "By restructuring the layoff notices next month. By law, teach- measure to whittle down a $9.2 million Walled Lake, and.they all have a district- department, they could be back at differ- ers must have notice of layoffs 60 days Give an opinion budget deficit for the 2004-05 school year.
    [Show full text]
  • DISH NETWORK L.L.C., Plaintiff, V. COX MEDIA GROUP, LLC Et Al
    Case: 1:20-cv-00570 Document #: 129 Filed: 07/20/20 Page 1 of 21 PageID #:<pageID> UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DISH NETWORK L.L.C., Plaintiff, No. 20 C 570 v. Judge Thomas M. Durkin COX MEDIA GROUP, LLC et al., Defendants. MEMORANDUM OPINION AND ORDER This case involves a contract dispute over the rates DISH Network must pay to retransmit television stations that Defendant Terrier Media Buyer, Inc. purchased from Defendant Cox Media Group. DISH moved for a preliminary injunction so that it may continue to retransmit the stations at issue during this litigation at rates previously agreed upon with Cox. R. 91. For the following reasons, DISH’s motion is denied. Background The Court begins with a brief description of the parties. Plaintiff DISH Network is a satellite multichannel video programming distributor. Defendant Cox Media Group is a media conglomerate that owned the television broadcast stations at issue in this case. R. 84 ¶ 2. Defendant NBI Holdings, LLC (“NBI”), through its subsidiary Northwest Broadcasting, Inc. (“Northwest”), owned a different group of television broadcast stations. Id. ¶ 40. Defendant Apollo Global Management Case: 1:20-cv-00570 Document #: 129 Filed: 07/20/20 Page 2 of 21 PageID #:<pageID> (“Apollo”) is a private equity firm and the parent company of Defendant Terrier Media Buyer, Inc. (“Terrier”). Id. ¶ 46. In March 2019, DISH entered into a three-year contract with Cox that permitted DISH to retransmit 13 Cox television stations in ten major U.S. markets (the “Cox Retransmission Agreement”). Id. ¶ 29.
    [Show full text]
  • PUBLIC NOTICE Federal Communications Commission 445 12Th St., S.W
    PUBLIC NOTICE Federal Communications Commission 445 12th St., S.W. News Media Information 202 / 418-0500 Internet: https://www.fcc.gov Washington, D.C. 20554 TTY: 1-888-835-5322 DA 19-643 Released: July 11, 2019 MEDIA BUREAU ESTABLISHES PLEADING CYCLE FOR APPLICATIONS TO TRANSFER CONTROL OF COX RADIO, INC., TO TERRIER MEDIA BUYER, INC., AND PERMIT-BUT- DISCLOSE EX PARTE STATUS FOR THE PROCEEDING MB Docket No. 19-197 Petition to Deny Date: August 12, 2019 Opposition Date: August 22, 2019 Reply Date: August 29, 2019 On July 2, 2019, Terrier Media Buyer, Inc. (Terrier Media), Cox Radio, Inc. (Cox Radio), and Cox Enterprises, Inc. (Cox Parent) (jointly, the Applicants) filed applications with the Federal Communications Commission (Commission) seeking consent to the transfer of control of Commission licenses (Transfer Application). Applicants seek consent for Terrier Media to acquire control of Cox Radio’s 50 full-power AM and FM radio stations and associated FM translator and FM booster stations.1 As part of the proposed transaction, and in order to comply with the Commission’s local radio ownership rules,2 Cox has sought Commission consent to assign the licenses of Tampa market station WSUN(FM), Holiday, Florida, and Orlando market station WPYO(FM), Maitland, Florida, to CXR Radio, LLC, a divestiture trust created for the purpose of holding those stations’ licenses and other assets.3 1 A list of the Applications can be found in the Attachment to this Public Notice. Copies of the Applications are available in the Commission’s Consolidated Database System (CDBS). Pursuant to the proposed transaction, Terrier also is acquiring Cox’s national advertising representation business and Cox’s Washington, DC news bureau operation.
    [Show full text]
  • To Download The
    $10 OFF $10 OFF WELLNESS MEMBERSHIP MICROCHIP New Clients Only All locations Must present coupon. Offers cannot be combined. Must present coupon. Offers cannot be combined. Expires 3/31/2020 Expires 3/31/2020 Free First Office Exams FREE EXAM Extended Hours Complete Physical Exam Included New Clients Only Multiple Locations Must present coupon. Offers cannot be combined. 4 x 2” ad www.forevervets.com Expires 3/31/2020 Your Community Voice for 50 Years PONTEYour Community Voice VED for 50 YearsRA RRecorecorPONTE VEDRA dderer entertainment EEXXTRATRA! ! Featuring TV listings, streaming information, sports schedules, puzzles and more! July 2 - 8, 2020 has a new home at INSIDE: Phil Keoghan THE LINKS! The latest 1361 S. 13th Ave., Ste. 140 hosts “Tough as house and Jacksonville Beach homes listings Nails,” premiering Page 21 Wednesday on CBS. Offering: · Hydrafacials Getting ‘Tough’- · RF Microneedling · Body Contouring Phil Keoghan hosts and · B12 Complex / produces new CBS series Lipolean Injections Get Skinny with it! (904) 999-0977 1 x 5” ad www.SkinnyJax.com Kathleen Floryan PONTE VEDRA IS A HOT MARKET! REALTOR® Broker Associate BUYER CLOSED THIS IN 5 DAYS! 315 Park Forest Dr. Ponte Vedra, Fl 32081 Price $720,000 Beds 4/Bath 3 Built 2020 Sq Ft. 3,291 904-687-5146 [email protected] Call me to help www.kathleenfloryan.com you buy or sell. 4 x 3” ad BY JAY BOBBIN Phil Keoghan gives CBS a T competition What’s Available NOW On When Phil Keoghan created “Tough as Nails,” he didn’t foresee it being even more apt by the time it aired.
    [Show full text]