Wednesday, April 20, 2005
"With the success of ESPN, Disney gained such enormous leverage over the entire cable industry that, in 2004, the company earned a record $1.94 billion in bottom-line operating income from its cable channels alone... These numbers did not go unnoticed by the fund managers who controlled two-thirds of Disney shares. As it became increasingly clear that Eisner had hit the jackpot with ESPN, these fund managers focused more and more on Eisner's inability to convert the enormous appreciation of Disney's assets into a stock-market payoff." [Read On]Obviously, this sort of thing can take a toll on a man, but Bad Boy Eisner isn't your typical recovering corporate hotshot. Defamer writes that he checked into a Sheraton the other night and -- now, let me get this straight -- did nothing:
"The manager on duty waited nervously, this sort of thing usually leads to certain young ladies joining the men up in the room later... Well no ladies ever came to visit our CEO. He was up there alone. He never came down. By this point the manager on duty was worried that he was going to have a dead body on his hands in the morning. It all seemed like a perfect set up for a suicide of a high status figure. Frantic all night, the manager could only wait by the front desk to see what would happen. No security ever showed up and the next day, and our famed CEO checked out, charming to everyone, paying in cash and with no baggage." [Read on]Personally, I think he's better off -- and so is Monday Night Football, now that ABC sold it off to ESPN (both Disney-owned). Starting next year, we'll get as many cheesy Desperate Housewives towel-dropping skits that our prime time hearts desire.
Tuesday, April 19, 2005
"As Caesar loved me, I weep for him; as he was fortunate, I rejoice at it; as he was valiant, I honour him: but, as he was ambitious, I slew him."Just a thought.
Tuesday, April 12, 2005
Monday, April 11, 2005
Friday, April 08, 2005
"Grief or no grief, many Italian lottery addicts are looking to the late Pope John Paul for their lucky number. Across the Roman Catholic country, punters are rushing to lotto sellers and gambling on numbers linked to the Polish Pontiff in the belief those digits are now lucky..." [Read On]On another note, the Pope's funeral is expected to bring 2 million people into Rome, and you know what that means: substantial price-gouging! Italian consumer watchdog Codacons has predicted additional revenues of $64.4 million, during a time that is otherwise a lull in the area's tourist activity.
Thursday, April 07, 2005
Wednesday, April 06, 2005
"We believe the current shareholders of MCI overwhelmingly prefer the Qwest offer and that it provides superior short and long term value." [Read on]
(Translation: $1.5 bil. is a lot of fricking money! Who really cares about that crazy "Can you hear me now?" guy, anyways?)Add to that Richard Notebeart's distinctive personality and well-publicized need for this deal (what better to remedy $17 bil. in debt than MCI's cash flow?) and you've got what promises to be a great takeover battle. According to BusinessWeek, look for Notebeart to start lobbying shareholders, Congress, and even the FCC for support.
"The cornerstone of the economic synergies in an Adelphia acquisition come from geographic clustering, not sheer size... Cablevision brings very little to the table by way of geographic clustering." [Read on]But a New York Times article believes that Cablevision's "expertise in managing large market cable systems" would help them manage Adelphia's Los Angeles operations. The other, smaller operations would likely be sold off. Sure, shareholders might be happy with all the cash, but could you imagine trying to convince Adelphia's employees and customers to support this one?
Brand New Day
Near Near Future
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