Twirling Time
Well-Known Member
This must be kind of how the buggy whip industry went bye-bye in the 1900s. They all got bought out by GateWhip and had every red cent wrung from them until they went belly-up.
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I just read the transcript of the third quarter earnings call.
Things I found of interest:
1. They only paid 12.5 million dollars for the Oklahoman.
2. They indicated they would be pursuing papers in larger markets such as Oklahoma City, Palm Beach and Austin rather than in smaller markets. They said that frequently there is not enough revenue left to amke a buy in a smaller market worthwhile.
Wonder if that's a signal they'll start spinning off smaller papers that they own already.
The Oklahoman sold for that little? That's depressing.I just read the transcript of the third quarter earnings call.
Things I found of interest:
1. They only paid 12.5 million dollars for the Oklahoman.
2. They indicated they would be pursuing papers in larger markets such as Oklahoma City, Palm Beach and Austin rather than in smaller markets. They said that frequently there is not enough revenue left to amke a buy in a smaller market worthwhile.
3. They talked a lot about a business service division they are building up and expanding the events management division.
Wonder if that's a signal they'll start spinning off smaller papers that they own already.
The Oklahoman sold for that little? That's depressing.
It is all a scam. The entire operation is designed to extract as much revenue as they can and move on.