Comments on: Hearst-Argyle moves to take company private http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/ Where TV Finds the Future Mon, 01 Dec 2008 18:20:31 +0000 http://wordpress.org/?v=2.5.1 By: Ed http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468942 Ed Mon, 27 Aug 2007 01:57:48 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468942 Hell, yes. They have a monopoly on spectrum. That's always going to be worth something. Hell, yes. They have a monopoly on spectrum. That’s always going to be worth something.

]]> By: thedubaichannel http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468621 thedubaichannel Sun, 26 Aug 2007 16:56:50 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468621 so cooked tv stations are better than half-baked internet companies? just curious :) so cooked tv stations are better than half-baked internet companies?

just curious :)

]]> By: Ed http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468572 Ed Sun, 26 Aug 2007 15:07:48 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-468572 Yeah, $600MM on why not. It's less then these companies piss away buying half-baked internet companies... Yeah, $600MM on why not. It’s less then these companies piss away buying half-baked internet companies…

]]> By: thewashingtonchannel http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467695 thewashingtonchannel Sat, 25 Aug 2007 18:35:07 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467695 the plot thickens... they just hired dc lobbyists too. the plot thickens… they just hired dc lobbyists too.

]]> By: Don Day http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467640 Don Day Sat, 25 Aug 2007 17:50:08 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467640 I agree with Rex... something's up. Where does H-A rank among the non-O&O groups? Is it the largest in terms of audience reach? Anyone know? I agree with Rex… something’s up.

Where does H-A rank among the non-O&O groups? Is it the largest in terms of audience reach? Anyone know?

]]> By: Z http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467004 Z Sat, 25 Aug 2007 03:58:30 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-467004 Sweet! My 73.1203 shares are worth something! Love that employee stock purchase plan! Hate the capital gains tax, of course. Sweet! My 73.1203 shares are worth something! Love that employee stock purchase plan!

Hate the capital gains tax, of course.

]]> By: Rex http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466793 Rex Sat, 25 Aug 2007 00:42:11 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466793 $600 million on "why not?" I'm not exactly optimistic on media board rooms right now, but I hope there's more to this than that. There are typically two reasons for something like this: 1) They think the stock is significantly undervalued. 2) There is a major deal planned. $600 million on “why not?”

I’m not exactly optimistic on media board rooms right now, but I hope there’s more to this than that. There are typically two reasons for something like this:

1) They think the stock is significantly undervalued.

2) There is a major deal planned.

]]> By: Ed http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466668 Ed Fri, 24 Aug 2007 21:51:40 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466668 Well, the stock was pretty illiquid, and SOX eats up a lot of money. Why not? Well, the stock was pretty illiquid, and SOX eats up a lot of money.

Why not?

]]> By: Rex http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466660 Rex Fri, 24 Aug 2007 21:42:05 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466660 So, analysis (or speculation) time... why? So, analysis (or speculation) time… why?

]]> By: Anony Mouse http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466649 Anony Mouse Fri, 24 Aug 2007 21:15:43 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466649 Somewhere in Tyson's Corner, Virginia, a bunch of newspaper and TV executives just got intensely jealous!!!! Somewhere in Tyson’s Corner, Virginia, a bunch of newspaper and TV executives just got intensely jealous!!!!

]]> By: tdc http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466599 tdc Fri, 24 Aug 2007 20:11:33 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466599 HEARST-ARGYLE TV MOVES TO GO PRIVATE TVNEWSDAY, Aug. 24, 3:37 PM ET Hearst Corp. proposes to acquire remaining public shares for approximately $600 million, offering $23.50 in cash per share. By Staff Hearst Corp. announced Friday that it intends to make a tender offer for all of the outstanding shares of Hearst-Argyle Television Inc. common stock not owned by Hearst Corp. for $23.50 per share in cash. Story continues after the ad The offer price represents a premium of approximately 15% over the closing price on Aug. 23, 2007, as well as the average closing price for the last four weeks. The transaction will be implemented through a cash tender offer made for the publicly held Hearst-Argyle Television shares, followed by a cash merger at the same per share price paid in the tender offer. Hearst Corp. currently owns approximately 52% of the outstanding common stock, representing approximately 73% of both the outstanding equity and general voting power of Hearst-Argyle Television. The aggregate consideration payable under the proposal for the public stake is approximately $600 million. Following the transaction, Hearst-Argyle Television would become a wholly owned subsidiary of Hearst Corp. Hearst Corp. expects to commence the tender offer in early September 2007. Offering materials will be mailed to Hearst-Argyle Television stockholders and Hearst Corp. will file all necessary information with the United States Securities and Exchange Commission. The commencement and completion of the tender offer and, if the tender offer is completed, the consummation of the merger, do not require any approval by Hearst-Argyle Television’s board of directors and Hearst Corp. has not asked Hearst-Argyle Television’s board of directors to approve the tender offer or the merger. Lazard Freres & Co. LLC is acting as financial advisor to Hearst Corporation in connection with the offer HEARST-ARGYLE TV MOVES TO GO PRIVATE
TVNEWSDAY, Aug. 24, 3:37 PM ET
Hearst Corp. proposes to acquire remaining public shares for approximately $600 million, offering $23.50 in cash per share.
By Staff
Hearst Corp. announced Friday that it intends to make a tender offer for all of the outstanding shares of Hearst-Argyle Television Inc. common stock not owned by Hearst Corp. for $23.50 per share in cash.

Story continues after the ad

The offer price represents a premium of approximately 15% over the closing price on Aug. 23, 2007, as well as the average closing price for the last four weeks. The transaction will be implemented through a cash tender offer made for the publicly held Hearst-Argyle Television shares, followed by a cash merger at the same per share price paid in the tender offer.

Hearst Corp. currently owns approximately 52% of the outstanding common stock, representing approximately 73% of both the outstanding equity and general voting power of Hearst-Argyle Television. The aggregate consideration payable under the proposal for the public stake is approximately $600 million. Following the transaction, Hearst-Argyle Television would become a wholly owned subsidiary of Hearst Corp.

Hearst Corp. expects to commence the tender offer in early September 2007. Offering materials will be mailed to Hearst-Argyle Television stockholders and Hearst Corp. will file all necessary information with the United States Securities and Exchange Commission. The commencement and completion of the tender offer and, if the tender offer is completed, the consummation of the merger, do not require any approval by Hearst-Argyle Television’s board of directors and Hearst Corp. has not asked Hearst-Argyle Television’s board of directors to approve the tender offer or the merger.

Lazard Freres & Co. LLC is acting as financial advisor to Hearst Corporation in connection with the offer

]]> By: tdc http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466578 tdc Fri, 24 Aug 2007 19:42:37 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466578 this is news only in the respect that they have finally made it official. there has been speculation this was going to happen for the last two years. use the htv link for their share price in lr's right column. read the yahoo! comments from way back. nice $2 pop ! this is news only in the respect that they have finally made it official. there has been speculation this was going to happen for the last two years. use the htv link for their share price in lr’s right column. read the yahoo! comments from way back.

nice $2 pop !

]]> By: Don Day http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466557 Don Day Fri, 24 Aug 2007 19:27:23 +0000 http://www.lostremote.com/2007/08/24/hearst-argyle-moves-to-take-company-private/#comment-466557 Wow. Blockbuster. Wow. Blockbuster.

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