Seconded. I don't know why you even bother, but thanks for hanging in there. I've been reading through this thread all day.
<blockquote class="twitter-tweet"><p>Ruth says Comcast/NBC hasn't assumed it will get on Cable One, Cox, Charter or Dish Network. Dish "is very hard to predict," he says.</p>— David Barron (@dfbarron) <a href="https://twitter.com/dfbarron/statuses/394989886781927424">October 29, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet"><p>Next witness is Crane Capital group managing director Margaret Barradas.</p>— David Barron (@dfbarron) <a href="https://twitter.com/dfbarron/statuses/394990678192578560">October 29, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
No he resigned from the Astros I believe. But if the losses numbers were wrong why would the Comcast rep not say no those are wrong numbers? Why would he reiterate what the losses would be thru 2019 and not clarify it if wrong? I'm sure Baron wouldn't just be tweeting some guys repeat of something Postolos said unless he were confirming it.
<blockquote class="twitter-tweet"><p>Ruth: CSNH's monthly expenses are $3m. CSNH owes Astros $27.7m in unpaid rights fees. Net has not failed to pay other bills, he says.</p>— David Barron (@dfbarron) <a href="https://twitter.com/dfbarron/statuses/394982095442829312">October 29, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
And we don't know at what point the venture was originally projected to make money either. The last 14 years could have been where the profits rolled in. Let's see how the other side responds. I doubt the Rockets and Comcast would have brought this to court if this was the entire story.
<blockquote class="twitter-tweet"><p>Barradas says if you add debt service and other costs, 10-year CSNH neg cash flow w/DirecTV proposal suggested by NBC/Comcast would be $230m</p>— David Barron (@dfbarron) <a href="https://twitter.com/dfbarron/statuses/394992210594127872">October 29, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
monthly expenses of $3mm gonna get you $200MM in losses over 20 years. after you are already getting at least $50MM a year from Comcast?
Sounds like the $200M negative cash flow estimate did not include possible revenues from Dish, Cable One, etc. Agree that we should wait till all the facts are in.
Where did you come up with $50MM a year from Comcast? 2.2 million households Comcast controls 40% = 880,000 at $3.50 / month, that's $37MM. But we know Comcast is paying a discounted rate, so it's less than that. Monthly expenses also may not including media rights fees, since they vary by month.
Sounds like the $200MM includes repayment of the $100MM loan (but not interest); its negative cash flow till the loan is paid off; not operating loss. (not sure I have the terms right, but you know what I mean)
Please, share your math. I've asked you multiple times now and you consistently avoid it. You're simply not understanding how the finances work here or the relationships of who's paying who. The carriage fees are what Comcast pays to CSN-H. That's the number I pointed to. Broadcast fees are an expense for CSN-H to the Astros and Rockets - not included in the $3MM CSN-H monthly expenses.
The station itself costs $3m to run, it doesn't factor into the Astros rights fees (except the argument that they are still paying everyone but the Astros).
The Baron tweet confirmed it was 56M this year from CSN H to the Astros and escalating moving forward. Media rights fees do not vary month by month. The media rights are sold by the team to CSN H. CSN H uses carriage fees to make media right payments to the teams.
That's what CSN-H pays to the Astros as media rights. I am pointing to what Comcast pays CSN-H (revenues to CSN-H). otis is asking how CSN-H can generate $200MM in losses if they have $3MM in monthly expenses and are getting $50MM from Comcast. My point is that they aren't getting $50MM from Comcast.
<blockquote class="twitter-tweet"><p>Judge Isgur now questioning whether CSN California is a proper petitioning creditor. Interesting.</p>— David Barron (@dfbarron) <a href="https://twitter.com/dfbarron/statuses/394995747327709184">October 29, 2013</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
