DOCSLIB.ORG

Comcast Nbcuniversal to Acquire Remaining 49% Stake in Universal Studios Japan

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Comcast Nbcuniversal to Acquire Remaining 49% Stake in Universal Studios Japan COMCAST NBCUNIVERSAL TO ACQUIRE REMAINING 49% STAKE IN UNIVERSAL STUDIOS JAPAN Signals Strong Future for Universal Studios Japan and for Universal in Asia ORLANDO (Feb. 28, 2017) Comcast NBCUniversal announced today that it agreed to purchase 49 percent ownership of Universal Studios Japan (USJ) from its current partners, including Goldman Sachs, former USJ Chief Executive Officer Glenn Gumpel, Asian private-equity firm MBK Partners and U.S. hedge fund Owl Creek Asset Management. The purchase price for this transaction is ¥254.8 billion (US$2.3 billion), valuing USJ at ¥840 billion (US$7.4 billion), including the assumption of USJ net debt. Upon completion of the transaction, Comcast NBCUniversal will own 100 percent of the theme park destination. The acquisition further demonstrates Comcast NBCUniversal’s confidence in the future growth of Universal Studios Japan and the company’s strong interest in the Asian market – the company is also building a theme park destination in Beijing and licenses a theme park in Singapore. Universal Studios Japan opened in 2001 as a Japanese company with a license from NBCUniversal. It has seen strong growth in popularity, attendance and revenue. It features classic Universal attractions as well as attractions and shows specifically designed for the Asian market. USJ opened the hugely popular, The Wizarding World of Harry Potter themed area in 2014. It opened the Flying Dinosaur roller coaster last year, introducing a new generation of coaster experience. Later this year, it will open Minion Park, the world’s largest Minion-themed area – featuring a heartwarming and hilarious 3D ride, shops – and more. Scheduled to open in time for the 2020 Tokyo Olympics, Super Nintendo World at USJ will be a highly themed and expansive area featuring globally popular characters and their game worlds from Nintendo brought to life. This acquisition will more closely align USJ with Comcast NBCUniversal’s ongoing investment strategy for its theme parks. Universal theme parks around the globe have seen significant, continued, investment from Comcast NBCUniversal – opening many major attractions representing world-class intellectual properties and resulting in significant growth in both attendance and revenue. The transaction is expected to close before the end of April 2017. “Universal Studios Japan is an amazing and incredibly successful theme park,” said Tom Williams, Chairman and Chief Executive Officer for Universal Parks & Resorts. “This acquisition will bring an even stronger future for the theme park, its guests and its team members. We are thrilled USJ will fully be part of the Universal family and look forward to continuing to create a remarkable experience for our guests.” -more- 1 About Comcast Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. About NBCUniversal NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks, and a suite of leading Internet-based businesses. NBCUniversal is a subsidiary of Comcast Corporation. About Universal Parks & Resorts Universal Parks & Resorts, a unit of Comcast NBCUniversal, offers guests around the globe today’s most relevant and popular entertainment experiences. With three-time Academy Award winner Steven Spielberg as creative consultant, its theme parks are known for immersive experiences that feature some of the world’s most thrilling and technologically advanced film and television-based attractions. Comcast NBCUniversal wholly owns Universal Studios Hollywood, which includes Universal CityWalk Hollywood. It also owns Universal Orlando Resort, a destination resort with three theme parks (Universal Studios Florida, Universal’s Islands of Adventure and Universal’s Volcano Bay – grand opening May 25, 2017), five resort hotels, and Universal CityWalk Orlando. In addition, Comcast NBCUniversal owns 51% of Universal Studios Japan, in Osaka and has a license agreement with Universal Studios Singapore at Resorts World Sentosa, Singapore. The company has also announced plans for a theme park in Beijing. NOTE: This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Such forward-looking statements include the possible benefits of the proposed Universal Studios Japan acquisition to the NBCUniversal business. Readers are directed to Comcast's and NBCUniversal's periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. Neither Comcast nor NBCUniversal undertakes any obligation to update any forward-looking statements. # # # 2 .
Load more

Recommended publications
  • Aventura Hotel
    UNIVERSAL’S AVENTURA HOTEL Universal’s Aventura Hotel is the brand new, modern and stylish place to stay. This perfectly priced, hotel is within walking distance of Universal’s Volcano Bay™ and offers great views of all three Universal Orlando™ theme parks. ACCOMMODATIONS DINING & RECREATION GUEST ROOMS & AMENITIES Throughout Aventura Hotel™ are dining Standard Room Universal’s Aventura Hotel options sure to fit everyone’s palate. You’ll also rooms and suites provide find a world of recreation right on-site. a serene, modern — The food hall is where environment in which to • Urban Pantry unique, high-quality restaurants come chill. Open the curtains to together, offering a multitude of cuisines for reveal sweeping views. your breakfast, lunch, dinner and snacks. • 600 guest rooms. • Group-friendly Options — Refillable souvenir • Complimentary cups and meal vouchers available (fees apply). TYPE SQ. FT. WiFi in guest rooms Standard Room 314 and public areas. • Starbucks® — The Starbucks is in the heart of the hotel lobby and offers all your favorites. • Pool — With a hot tub, fire pit, and daily activities. • Virtual Reality Game Room — A first of its kind at Universal Orlando Resort™, this is the future of gaming, and you’re going to love it (fees apply). THREE AMAZING THEME PARKS. SPECTACULAR HOTELS. EVERY LEVEL OF AWESOME. EXCLUSIVE HOTEL GUEST BENEFITS LOCATION • Early Park Admission† to The Wizarding World of Harry Potter™ and Universal’s Volcano Bay™ • Universal Orlando Resort™ one hour before the parks open (Valid theme park admission required. Select attractions). • 15 miles from Orlando International Airport (MCO) • Complimentary shuttle buses and walking paths to the theme parks and Universal CityWalk™.
    [Show full text]
  • 2021 Universal Orlando Pricelist
    2021 Leisure Travel Service (LTS) Mainland Attractions Pricelist Department of Family and Morale, Welfare and Recreation - Army Hawaii **All prices subject to change without notice** Locations and Hours of Operations **Revised 7/19/2021 *****Prices are subject to change at any time.***** Fort Shafter LTS CLOSED - TBD CLOSED - TBD (808) 284-4192 Bldg 550 PX Market, Ft. Shafter, HI 96858 Schofield Barracks Attraction Ticket Office Tue - Fri 10:00 - 3:30pm (808) 655-9971 Bldg 3320 Flagview Mall, Schofield Barracks HI 96857 Schofield Barracks Travel Office CLOSED - TBD CLOSED - TBD (808) 655-6055 3320 Flagview Mall, Schofield Barracks HI 96857 (808) 655-6052 ********POST-COVID-19 IMPORTANT UPDATES******** *Post COVID-19, all theme parks have implemented "new" operational guidelines in keeping both their guests and staff safe and adhering to State recommended guidance. Please visit each theme park website first, to better understand what's new when visiting their attraction before purchasing your tickets. Universal Orlando Universal Studios - Orlando, FL- E-ticket (MTP Only) Theme park is open. Please go to www.universalorlando.com for more information. Assumption of risk disclaimer: In connection with your purchase of Universal Orlando products and your visit to Universal Orlando, including Universal Studios Florida, Universal’s Islands of Adventure, Universal’s Volcano Bay, Universal CityWalk, and the Universal Orlando Resort hotels, please be advised that you must follow Universal Orlando’s policies, CDC guidelines and the recommendations of health officials. Please note that any public location where people are present provides an inherent risk of exposure to COVID-19 and Universal Orlando cannot guarantee that you will not be exposed during your visit.
    [Show full text]
  • The Village Guide Your Guide to Magical Memories in Central Florida and at Give Kids the World Village
    The Village Guide Your guide to magical memories in Central Florida and at Give Kids The World Village. Internet access Via Village WiFi-Network name is GKTWGuest and “ template” is the WiFi password. Update January 2021 Welcome HOME On behalf of everyone at Give Kids The World, I would like to extend a heartfelt welcome to our Village. Our hope is that over the next few days you will be able to share precious time together as a family and creating memories you will cherish for years to come. Our staff and volunteers are committed to creating a magical experience and are here to assist you in any way possible. During your stay, through the generosity of our theme park friends, you will have the opportunity to visit the world’s best-loved vacation destinations including Walt Disney World, SeaWorld Orlando and Universal Resort Orlando. We are so grateful for their support and that of so many other companies and individuals who share their time, talents and resources to help make this experience possible. This book is designed to guide you through all of the exciting activities Central Florida has to offer; we have tried to answer the most frequently asked questions. We want your experience to be as stress- free and memorable as possible, so please don’t hesitate to ask any questions not addressed here. Our staff is available 24 hours a day to assist you. When your visit draws to a close, we would love to hear your comments and suggestions for how we may best serve families who visit us in the future.
    [Show full text]
  • Two Vacations One Amazing Journey
    TWO VACATIONS ONE AMAZING JOURNEY TEMPORARY OPERATIONS UPDATE: Universal Studios Florida™ Theme Parks, Universal Orlando Resort™ Hotels and CityWalk™ will be closed between March 16 and May 31, 2020. Reservations and tickets can still be purchased for visits June 1, 2020 and beyond! Royal Caribbean® has teamed up with Universal Orlando Resort for an exclusive vacation package your clients won’t find on any other cruise line. They can explore three imaginative Universal Orlando parks plus two Royal Caribbean fan favorites — the bold and innovative Harmony of the Seas® and the Amplified Mariner of the Seas®. INCLUDED IN YOUR PACK AGE: • 2/3/4-Nights at Universal Orlando Resort including hotel accommodations and Park-to-Park admission* to Universal Studios Florida, Universal’s Islands of Adventure™ and Universal’s Volcano Bay • 3/4-Night Bahamas or 7-Night Eastern/Western Caribbean cruise on Royal Caribbean • All transfers between Universal Orlando Resort and Port Canaveral* • Book a spectacular Universal Orlando Resort hotel and enjoy exclusive theme park benefits you won’t get by staying anywhere else including Early Park Admission* one hour before the parks open (valid theme park admission required) • Extra Savings — Save time and money compared to booking each separately. BOOK A BIG ADVENTURE FOR YOUR CLIENTS TODAY. Please see reverse side for terms and conditions. IT’S THE RIDE OF THEIR LIFE ON LAND AND ON SEA EVEN MORE REASONS TO BOOK YOUR CLIENTS • Save them time and money compared to booking each separately. • We take care of everything! Cruise fare, park tickets and transfers all are included.
    [Show full text]
  • Tickets Are Now on Sale for Jurassic World: the Exhibition North American Tour Launching in North Texas on June 18, 2021
    FOR IMMEDIATE RELEASE TICKETS ARE NOW ON SALE FOR JURASSIC WORLD: THE EXHIBITION NORTH AMERICAN TOUR LAUNCHING IN NORTH TEXAS ON JUNE 18, 2021 DALLAS, Texas (APRIL 13, 2021) – Round Room Live and Cityneon announced today the launch city for the North American tour of JURASSIC WORLD: THE EXHIBITION. It will open in Dallas on June 18, 2021 at Grandscape in The Colony, just north of Downtown Dallas. Tickets are now on-sale. Information, including venue and ticketing details, can be found at JurassicWorldExhibition.com. JURASSIC WORLD: THE EXHIBITION –– produced in conjunction with Universal Parks & Resorts –– immerses audiences of all ages at a location near them in settings inspired by the groundbreaking film franchise Jurassic World from Universal Pictures and Amblin Entertainment. JURASSIC WORLD: THE EXHIBITION is an immersive 20,000-square-foot experience based on one of the biggest blockbusters in cinema history. Visitors will walk through the world-famous “Jurassic World” gates, encounter life-sized dinosaurs, and explore richly themed environments. Guests will have an upclose look at a Velociraptor, stand under a towering Brachiosaurus, and encounter the most fearsome of them all, the mighty Tyrannosaurus Rex. Guests will be able to imagine what it would have been like to walk among these breathtaking creatures and even interact with new baby dinosaurs, including “Bumpy” from the popular animated Netflix original series, Jurassic World: Camp Cretaceous, from Universal, DreamWorks Animation and Amblin Entertainment. The Jurassic World franchise has been entertaining generations of fans around the world with thrilling and awe-inspiring stories and characters for more than 25 years – from films and TV series, to video games and toys, to live action experiences and rides at Universal theme parks.
    [Show full text]
  • Exhibit C Form 10-K, Annual Report of Comcast
    FILED 4-11-14 04:59 PM A1404013 Exhibit C Form 10-K, Annual Report of Comcast Corporation (February 12, 2014) Form 10-K Page 1 of 190 10-K 1 d666576d10k.htm FORM 10-K Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) _ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2013 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Registrant; State of Incorporation; Address and Commission File Number Telephone Number I.R.S. Employer Identification No. 001-32871 COMCAST CORPORATION 27-0000798 PENNSYLVANIA One Comcast Center Philadelphia, PA 19103-2838 (215) 286-1700 333-174175 NBCUniversal Media, LLC 14-1682529 DELAWARE 30 Rockefeller Plaza New York, NY 10112-0015 (212) 664-4444 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Comcast Corporation – Title of Each Class Name of Each Exchange on which Registered Class A Common Stock, $0.01 par value NASDAQ Global Select Market Class A Special Common Stock, $0.01 par value NASDAQ Global Select Market 2.0% Exchangeable Subordinated Debentures due 2029 New York Stock Exchange 5.00% Notes due 2061 New York Stock Exchange 5.50% Notes due 2029 New York Stock Exchange 9.455% Guaranteed Notes due 2022 New York Stock Exchange NBCUniversal Media, LLC – NONE SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: Comcast Corporation – NONE NBCUniversal Media, LLC – NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Downloading of Movies, Television Shows and Other Video Programming, Some of Which Charge a Nominal Or No Fee for Access
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-32871 COMCAST CORPORATION (Exact name of registrant as specified in its charter) PENNSYLVANIA 27-0000798 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) One Comcast Center, Philadelphia, PA 19103-2838 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (215) 286-1700 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of Each Class Name of Each Exchange on which Registered Class A Common Stock, $0.01 par value NASDAQ Global Select Market Class A Special Common Stock, $0.01 par value NASDAQ Global Select Market 2.0% Exchangeable Subordinated Debentures due 2029 New York Stock Exchange 5.50% Notes due 2029 New York Stock Exchange 6.625% Notes due 2056 New York Stock Exchange 7.00% Notes due 2055 New York Stock Exchange 8.375% Guaranteed Notes due 2013 New York Stock Exchange 9.455% Guaranteed Notes due 2022 New York Stock Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
    [Show full text]
  • Uoteammemberhandbook2011.Pdf
    3 WELCOME! Welcome to Universal Orlando® Resort! You are now a member of an extraordinary team of people whose combined talents make us one of the finest entertainment companies in the world — and a destination that people around the globe desire to visit. We are proud of our accomplishments and are always striving toward our vision of being recognized as the number one entertainment destination in the world! We have developed the most exciting and technologically advanced attractions, we operate the finest shops and restaurants, and we present the most spectacular live entertainment available. Now you are the one who will energize it all… you are the one who will bring it all to life… you are the one who will provide an unforgettably great experience for our guests. Every member of our team is vital to the success of our resort. The friendliness, enthusiasm, and hospitality you extend each day to our guests and each other are critical to our success. You are about to create experiences and thrills that our guests will always remember. This handbook will help you: • learn about our organization; • understand your responsibilities as a Team Member; and • know some of our important policies and procedures. As you learn, please be active and involved. Think about how each idea and each guideline will help us work together to achieve our vision. On behalf of the Universal family, we are proud to welcome you as a new Team Member and to wish you success. We’re glad you’re here! The Team Table of Contents History in the Making ......................................................
    [Show full text]
  • Dating Dinosaurs
    The PRINCETON FIELD GUIDE to DINOSAURS 2ND EDITION PRINCETON FIELD GUIDES Rooted in field experience and scientific study, Princeton’s guides to animals and plants are the authority for professional scientists and amateur naturalists alike. Princeton Field Guides present this information in a compact format carefully designed for easy use in the field. The guides illustrate every species in color and provide detailed information on identification, distribution, and biology. Albatrosses, Petrels, and Shearwaters of the World, by Derek Onley Birds of Southern Africa, Fourth Edition, by Ian Sinclair, Phil and Paul Scofield Hockey, Warwick Tarboton, and Peter Ryan Birds of Aruba, Curaçao, and Bonaire by Bart de Boer, Eric Birds of Thailand, by Craig Robson Newton, and Robin Restall Birds of the West Indies, by Herbert Raffaele, James Wiley, Birds of Australia, Eighth Edition, by Ken Simpson and Nicolas Orlando Garrido, Allan Keith, and Janis Raffaele Day Birds of Western Africa, by Nik Borrow and Ron Demey Birds of Borneo: Brunei, Sabah, Sarawak, and Kalimantan, by Carnivores of the World, by Luke Hunter Susan Myers Caterpillars of Eastern North America: A Guide to Identification Birds of Botswana, by Peter Hancock and Ingrid Weiersbye and Natural History, by David L. Wagner Birds of Central Asia, by Raffael Ayé, Manuel Schweizer, and Common Mosses of the Northeast and Appalachians, by Karl B. Tobias Roth McKnight, Joseph Rohrer, Kirsten McKnight Ward, and Birds of Chile, by Alvaro Jaramillo Warren Perdrizet Birds of the Dominican Republic and Haiti, by Steven Latta, Coral Reef Fishes, by Ewald Lieske and Robert Meyers Christopher Rimmer, Allan Keith, James Wiley, Herbert Dragonflies and Damselflies of the East, by Dennis Paulson Raffaele, Kent McFarland, and Eladio Fernandez Dragonflies and Damselflies of the West, by Dennis Paulson Birds of East Africa: Kenya, Tanzania, Uganda, Rwanda, and Mammals of Europe, by David W.
    [Show full text]
  • Fully Immersive Minions Area Including Attraction to Debut in 2017
    Universal Studios Japan to Open World’s Largest* Minion Area Based on the Minions from Illumination Entertainment and Universal Pictures’ Despicable Me Franchise and Minions Fully Immersive Minions Area including Attraction to Debut in 2017 June 20th, 2016, Osaka, Japan – To celebrate its 15th anniversary, Universal Studios Japan has premiered the “RE-BOOOOOOOORN! Fun! Over-the-Top!” promotion that includes exciting, over-the-top events and attractions at the theme park, including an anniversary parade starring the scheming and joyous Minions. The Minions first appeared in the blockbuster Despicable Me series and most recently starred in 2015’s massive hit Minions, which grossed more than $1.15 billion at the global box office and became the second-biggest animated title of all time. Today, Universal Studios Japan announced it will continue the fun into 2017 when an all-new Minions world largest area* including newest Minion themed ride attraction*, opens to guests. Created in partnership with Illumination Creative Marketing, the immersive new Minions area will Image of Minions at Universal Studios Japan boast ride, original shops featuring Minions-themed merchandise. Ground was broken earlier this year for the Minions attraction, which will be located at the former site of Back to the Future®- The Ride, which closed in May. Despicable Me, Minion Made and all related marks and characters are trademarks and copyrights of Universal Studios. Licensed by Universal Studios Licensing LLC. All Rights Reserved. ® & © Universal Studios & Amblin Entertainment © & ® Universal Studios. All rights reserved. * Based on company research of the 3facilities and areas themed Minions in operation worldwide. Inquiries regarding Universal Studios Japan (general) Information Center Phone: 0570-20-0606 Universal Studios Japan official website: www.usj.co.jp You can access this website from a computer, mobile phone, or smartphone.
    [Show full text]
  • General Admission Tickets Two Park
    Universal Studios Orlando Universal Studios Orlando General Admission Tickets Universal Studios Orlando Tickets Base Tickets: Guest can select one park per day. Either Universal Studios Orlando or Islands of Adventure for the day the guest chooses, with as many Assumption of Risk Disclaimer re-entries as needed. In connection with your purchase of Universal Orlando products and your visit to Park to Park: Visit more than one park per day. Guest may switch from Universal Orlando to Islands Universal Orlando, including Universal Studios Florida, Universal’s Islands of Adventure, of Adventure as many times as they want in a day. The three park ticket will also include Universal’s Universal’s Volcano Bay, Universal CityWalk, and the Universal Orlando Resort hotels, waterpark “Volcano Bay,” only with the purchase of a “three park” ticket. please be advised that you must follow Universal Orlando’s policies, CDC guidelines and the recommendations of health officials. Please note that any public location where Two Park- One Day Adult 10+ Child (3-9) people are present provides an inherent risk of exposure to COVID-19 and Universal Orlando cannot guarantee that you will not be exposed during your visit. By visiting 1-Park 1-Day Base Anytime (USF or IOA) $114.50 $109.25 Universal Orlando, you acknowledge and agree that you assume these inherent risks associated with attendance. When you enter Universal Orlando, you understand that 2-Park 1-Day Park to Park Anytime (USF and IOA) $164.00 $159.00 you are subject to the Universal Orlando terms of service
    [Show full text]
  • I. Tv Stations
    Before the FEDERAL COMMUNICATIONS COMMISSION Washington, DC 20554 In the Matter of ) ) MB Docket No. 17- WSBS Licensing, Inc. ) ) ) CSR No. For Modification of the Television Market ) For WSBS-TV, Key West, Florida ) Facility ID No. 72053 To: Office of the Secretary Attn.: Chief, Policy Division, Media Bureau PETITION FOR SPECIAL RELIEF WSBS LICENSING, INC. SPANISH BROADCASTING SYSTEM, INC. Nancy A. Ory Paul A. Cicelski Laura M. Berman Lerman Senter PLLC 2001 L Street NW, Suite 400 Washington, DC 20036 Tel. (202) 429-8970 April 19, 2017 Their Attorneys -ii- SUMMARY In this Petition, WSBS Licensing, Inc. and its parent company Spanish Broadcasting System, Inc. (“SBS”) seek modification of the television market of WSBS-TV, Key West, Florida (the “Station”), to reinstate 41 communities (the “Communities”) located in the Miami- Ft. Lauderdale Designated Market Area (the “Miami-Ft. Lauderdale DMA” or the “DMA”) that were previously deleted from the Station’s television market by virtue of a series of market modification decisions released in 1996 and 1997. SBS seeks recognition that the Communities located in Miami-Dade and Broward Counties form an integral part of WSBS-TV’s natural market. The elimination of the Communities prior to SBS’s ownership of the Station cannot diminish WSBS-TV’s longstanding service to the Communities, to which WSBS-TV provides significant locally-produced news and public affairs programming targeted to residents of the Communities, and where the Station has developed many substantial advertising relationships with local businesses throughout the Communities within the Miami-Ft. Lauderdale DMA. Cable operators have obviously long recognized that a clear nexus exists between the Communities and WSBS-TV’s programming because they have been voluntarily carrying WSBS-TV continuously for at least a decade and continue to carry the Station today.
    [Show full text]