February 27, 2012 |
Magic Johnson and Steven Cohen are among at least six bidders remaining for the Dodgers, after the field was cut for the second time on Monday. The bidders so far identified as surviving the second cut include groups led by Johnson and veteran baseball executive Stan Kasten, Connecticut investment king Cohen and longtime Los Angeles agent Arn Tellem, and New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based...
March 10, 2012 |
Steven Cohen, the hedge-fund billionaire bidding to buy the Dodgers, received a private tour of the team's spring home on Saturday. Cohen flew to the Phoenix area in advance of Monday's meetings between Dodgers bidders and a committee of Major League Baseball owners. Cohen is widely considered one of three favorites to buy the team, along with St. Louis Rams owner Stan Kroenke and a group led by Magic Johnson and veteran baseball executive Stan Kasten. Cohen has an estimated net worth of $8.3 billion and Kroenke an estimated net worth of $3.2 billion, according to Forbes.
February 8, 1997 |
Leo J. Hindery Jr., general partner and chief executive of InterMedia Partners, was named president of Tele-Communications Inc., the nation's largest cable TV operator. John Malone, chairman, CEO and current president of TCI, said the chief executive of each TCI business unit would report to Hindery. Malone had been expected to bring in a respected cable executive in an effort to restore the profitability of the Englewood, Colo.-based company.
January 5, 1999 |
In a move that could reduce shareholder opposition to its upcoming cable acquisition, AT&T Corp. has dropped a plan to combine its residential long-distance and new cable businesses into a tracking stock that would trade separately from the parent company, according to analysts. The move comes as AT&T seeks shareholder approval of its $48-billion purchase of Tele-Communications Inc., the cable-TV giant.
April 24, 1998 |
The two largest U.S. cable TV companies, Tele-Communications Inc. and Time Warner Inc., reassured Congress that they'll offer the same quality digital pictures that many broadcast TV stations will begin airing later this year. "We want to make sure that we're passing through the same quality" picture that the broadcasters are initially airing, Joseph Collins, chief executive of Time Warner cable, told the House telecommunications subcommittee.
March 24, 2002 |
There are 25 televisions at Rockwell's American Restaurant, every one of them devoted to sports, but Derek Jeter's first home run of the spring was nowhere to be seen. Like 3 million other households and businesses in the New York metropolitan area, Rockwell's is a Cablevision customer. And Cablevision, so far, is refusing to carry YES, the Yankees' new cable network, and the 130 games it will show this season.
CALIFORNIA | LOCAL
October 2, 1986
Chronicle Publishing of San Francisco said Wednesday it has agreed to buy Storer Communications' cable television operations in Agoura and Ventura County. Chronicle, the parent of the San Francisco Chronicle newspaper, said it will purchase Miami-based Storer's cable operations in Agoura, Camarillo, Fillmore, Moorpark, Ojai, Santa Paula, Thousand Oaks and Westlake Village, affecting 56,000 subscribers.
February 8, 2012 |
The bidding on the Dodgers has moved into the second round, with 11 parties cleared to advance in the process. With various bid groups discussing mergers and/or trying to acquire additional financing, and with the investment bank handling the sale receptive to substantial offers even at this late date, the list below is subject to change. The lineup of Dodgers bidders, as of Wednesday: Magic Johnson/Stan Kasten: Could soon be joined by richest man in L.A., Dr. Patrick Soon-Shiong.
March 19, 2012 |
Stanley Gold and the family of the late Roy Disney were reinstated to the Dodgers bidding Monday, leaving five parties in contention to buy the team. The decision was disclosed by two people familiar with the sale process but not authorized to comment. The Gold/Disney bid had been rejected last week by a committee of Major League Baseball owners, amid concerns over the structure of an offer that included private equity financing to back the launch of a regional sports network.
January 23, 2012 |
The Dodgers received "more than 10" opening bids for the team by Monday's deadline, according to a person familiar with the sale but not authorized to discuss it. As the bankers handling the sale evaluate the bids, prospective buyers can evaluate whether to join forces. In addition, because the bankers can waive the deadline at their discretion, new bidders could emerge. St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday.