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Time Warner to sell the Braves

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Time Warner to sell the Braves

Postby Pogotheostrich » Tue Feb 13, 2007 9:50 am

link

The deal, which values the team at $450 million, was submitted to Major League Baseball for its approval process, two people familiar with the deal said, speaking on condition of anonymity because no announcement had been made and publicly traded companies were involved.


The Wall Street Journal, which first reported the finalization on its Web site, said Time Warner will transfer the Braves, a group of craft magazines and $1 billion in cash to Liberty in exchange for about 60 million shares of Time Warner. Based on the closing price of Time Warner's stock Monday, the market value of those shares would be about $1.27 billion.


Now I'm not a financial analyst but something about those quotes sticks out to me. Liberty is trading 60 million shares of Time Warner ($1.27 billion current market price) for $1 billion in cash, the Braves ($450 million market price) and a group of magazines.

Any chance MLB nixes the deal because the Braves appear to be sold for much less than their estimated value?
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Postby George_Foreman » Tue Feb 13, 2007 12:00 pm

Dunno. I'm just hoping Liberty ups payroll a bit and allows us to keep Andruw. Unlikely, but hey, a guy can dream.
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Postby chipper » Tue Feb 13, 2007 12:31 pm

I just hope they keep showing them on TBS.
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Postby kentx12 » Tue Feb 13, 2007 12:34 pm

chipper wrote:I just hope they keep showing them on TBS.



That was my first thought too.
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Postby chadlincoln » Tue Feb 13, 2007 12:36 pm

Saw that on ESPN News last night. Now, if only the Tribune would sell the Cubs...
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Postby Krunk City King$ » Tue Feb 13, 2007 12:53 pm

George_Foreman wrote:Dunno. I'm just hoping Liberty ups payroll a bit and allows us to keep Andruw. Unlikely, but hey, a guy can dream.


it has been said that payroll will not increased and they will probably sell the team again next season.
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Postby George_Foreman » Tue Feb 13, 2007 1:03 pm

kentx12 wrote:
chipper wrote:I just hope they keep showing them on TBS.



That was my first thought too.
Actually, the TBS stuff was announced last year. This year, the Braves will have some (I think like ~30) games on TBS, which will also be carrying other MLB games. After that, the Braves will only be on TBS incidentally as part of TBS's contract with MLB to broadcast some number of games throughout the year.

So you'll see 'em a bit this year, but that'll be all.

It's also worth noting that you probably won't want to watch, anyways because it's going to be Chip Caray (BLEH!!!!!) and Don Sutton (who some people hate but I really don't mind) on every single one. To hear the good broadcasters (Skip Caray and Joe Simpson), you'll have to tune in to the radio. Or cough up the $10 to get the radio broadcasts from MLBaudio, which is what I'm going to do.
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Postby Krunk City King$ » Tue Feb 13, 2007 1:30 pm

George_Foreman wrote:
kentx12 wrote:
chipper wrote:I just hope they keep showing them on TBS.



It's also worth noting that you probably won't want to watch, anyways because it's going to be Chip Caray (BLEH!!!!!) and Don Sutton (who some people hate but I really don't mind) on every single one.


maybe you did not get the memo....

Don Sutton joins Washington broadcast team
by The Associated Press

WASHINGTON - Don Sutton -- who was part of the Atlanta Braves broadcasting team for 17 years -- will be the Washington Nationals' new T-V color analyst.

The club and the Mid-Atlantic Sports Network announced yesterday that Sutton will replace Tom Paciorek alongside play-by-play announcer Bob Carpenter.

Sutton retired from baseball in 1988 and worked as a T-V analyst for Braves on Turner Broadcasting System broadcasts. The Hall of Fame pitcher was part of Turner Sports' Braves broadcast since 1989 and was part of a five-man broadcast team that included Skip Carey, Chip Carey, Pete Van Wieren, Joe Simpson and Sutton.

The outfit was overstocked after Turner Broadcasting's sale earlier this year of regional cable channel Turner South to Fox Cable Networks.

http://www.accessnorthga.com/news/hall/ ... ?ID=110702

and some are now saying that the team will be sold to Arthur Blank after Liberty Media "holds it" for one or two years.
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Re: Time Warner to sell the Braves

Postby Big Pimpin » Wed Feb 14, 2007 12:11 am

Pogotheostrich wrote:Now I'm not a financial analyst but something about those quotes sticks out to me. Liberty is trading 60 million shares of Time Warner ($1.27 billion current market price) for $1 billion in cash, the Braves ($450 million market price) and a group of magazines.

Any chance MLB nixes the deal because the Braves appear to be sold for much less than their estimated value?


That's interesting. I wonder if it's allowable because (I'd imagine) that $1.27B of stock is a huge portion of their company, and to regain that much of their stock they'd probably have to pay a premium to get it. I'm not that tight with the market though, but that would be my first thought on it.
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Postby Hobbes » Thu Feb 15, 2007 2:10 am

Krunk City King$ wrote:
George_Foreman wrote:
kentx12 wrote:
chipper wrote:I just hope they keep showing them on TBS.



It's also worth noting that you probably won't want to watch, anyways because it's going to be Chip Caray (BLEH!!!!!) and Don Sutton (who some people hate but I really don't mind) on every single one.


maybe you did not get the memo....

Don Sutton joins Washington broadcast team
by The Associated Press

Correct. It isn't Don Sutton who will be doing the games with Chip Caray (bleh), it is Joe Simpson.
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