I still haven't figured out why Comcast and the Rockets couldn't move on without the Astros and reach a more Houston based agreement deal with the providers.
They don't feel it was breached. Payment has not been made for 90 days and all parties agree that to be the case. The contract explicitly provides that nonpayment for 90 days allows the unpaid party to walk. The only thing keeping them from walking is the automatic stay. If it turns out that the Comcast affiliates who filed the involuntary petition did so solely to keep the Astros from exercising the out clause despite not being paid, that would likely be held to be an improper use of the stay and the case will be dismissed. If it turns out that there are legitimate reasons for CSN to be in bankruptcy, this will become a much closer call.
Probably for the same reasons the network hasn't worked out as it is. You have 162 Astros games and 82 Rockets games. It will be a hard sell to get the providers to pay anything close to what they were offering before once two thirds of the event inventory is out of the picture.
Good point. Programming would suffer in the summer months. Then again, maybe they could partner with the Skeeters. (j/k)
Good question. Obviously, they don't feel like its sustainable. I wonder how much money it takes to keep CSN Houston running.
I would imagine that, when a partner decides to walk, they are required to give notice. Kind of like in an apartment lease, you are required to give 30 days notice when you move. It just gives the other side the opportunity to try to convince you not to leave and to make preparations for what they will do after you leave.
revenues of over $100MM. that's their broadcasting rights and other revenues that were outlined earlier in faos's post
You are saying that the Astros are demanding their $40MM. I am saying that we have no idea if that's the case. The Astros, it seems, may actually prefer CSN-H not pay it - they have a better solution, which is to walk away and get themselves out of this mess. Owning CSN-H at lower carriage rates provides no value to them. Sure, they may have had to list that they are owed $40MM and that's why they are exercising their outclause. That's very different than actually wanting - or demanding - to be paid that money.
Where do you come up with the Astros getting revenues over $100MM? Start with CSN-H, 2.2 million households, at $3.40/month and go from there and see where you end up. Or add another million households in the surrounding area. Then try it with $2.50 or whatever as the rate.
before I go back and search the post because the thread is getting long and its becoming cumbersome answering your continual questions about where I get what from? just saying do you disagree that if the Astros sign a carriage deal, get the full $76MM reported in Fao's post, that they won't have at least $100MM in revenues?
Depends on what the carriage rate is. If it's $3.40 or whatever the Astros were aiming for, it would be difficult, but presumably possible - though when I do the math, I still don't see it. If it's $2.50 or $3.00 or some of the other rumored numbers, I really don't see how the math works to get them there.
Wait - you're talking $100MM total revenues for the Astros? Or from the CSN-H deal? It's the bulk of them from CSN-H. And there are plenty of expenses too. That's why I asked to the math.
from faos's post $76MM of the $100MM was going to the stros. they are the majority holder, the station doesn't need $20MM. the station has to pay broadcast fees. the station is partnered with Comcast and the teams. the teams receive those fees. the broadcast are being paid as a loan to the station. that money flows directly to the rockets and Astros.
Sorry - I'm lost again. Which Faos post are you referring to? You said this: if they sign the offered deal, they get $80MM and the carriage fees. how much money do they need? that's over $100MM before gate and other things. I'm trying to figure out what $100MM you're referring to. Is that money you're claiming the Astros will get from CSN-H? If so, where do you get that number from?
faos's post from wed which sparked 10 more pages im guessing carriage fees so far from 30 pages back in this thread
$80MM is the Broadcast fee from CSN to the astros, I don't think I've been confusing about that and i'm not the only poster referring to that article.
