Oh Sweet Jesus - Allen Bids for Paramount Global
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M-D November
Jan 31, 2024, 12:51:36 AM1/31/24
to TVorNotTV
Media Poochie strikes again. $30 Billion.
PGage
Feb 4, 2024, 7:17:33 PM2/4/24
to tvor...@googlegroups.com
William Cohan of Puck News has made the perhaps obvious but devastating case against the Byron Allen offer for PG being serious, for multiple reasons, amounting to Allen does. To have the money himself to make it happen, and is suspiciously cryptic about who would be insane enough to lend him that much money to buy a troubled and debt ridden company when he himself is floating in debt already, and his creditors estimate a 50% probability he will default on that.
Some think Allen is banking on liberal regulators at the FCC wanting to promote Black ownership in Big Media; Cohan does not speculate, but I doubt even Allen is silly enough to be making that bet. More likely he is using the splashy offer to generate buzz for himself, and perhaps enough marginal increase in credibility to pull off some other deal that might allow him at save his company.
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On Tue, 30 Jan 2024 at 9:51 PM M-D November <mdnov...@gmail.com> wrote:
Media Poochie strikes again. $30 Billion.
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