Friday, October 31, 2008
Corruption deepens in Communist Chinese food chain
- Yankees president Randy Levine in China promising money and Yankee personnel to the Communist Chinese, 1/31/07, photo China Daily
- and vitamins.
Melamine was banned as an animal feed additive in China in July 2007. And last year, United States regulators put tough restrictions on the amount of melamine allowed in food products.
But interviews on Friday, and over the past year, with several Chinese chemical dealers who sell melamine suggests that
- melamine scrap, the substantially cheaper waste left over after producing melamine,
- continued to be added to animal and fish feed.
"I heard some melamine dealers still sell to animal feed producers," said Qin Huaizhen, manager at the Gaocheng Kaishun Chemical Co. in city of Shijiazhuang,
- though he insisted he has never sold melamine to animal feed producers. "In Shandong province many animal feed manufacturers buy melamine scrap."
Two other melamine dealers in east and south China said that
- only after the recent dairy scandal did government regulators begin to closely monitor the sale of melamine to animal feed producers....
Some food-safety experts are perplexed as to how melamine was allowed to seep into China's food supplies after melamine-tainted animal feed exports from China were blamed last year
- for sickening dogs and cats in the United States,
- touching off international trade and food safety disputes between the two countries."...
WFAN's Mark Chernoff adds duties
Not busting it to first base in the World Series
- who might have made it to first, second or third but
- In the World Series."
Thursday, October 30, 2008
A-rod, Madonna met at Seinfeld's
- “Madonna arrived less than an hour later by helicopter and left with Seinfeld in another car.
“It is believed they all went to Seinfeld’s mansion for a discreet party for a few hours, before they all left separately.”
The meeting was on October 21, six days after The Sun revealed Madonna and Guy, 40, were to divorce. Madonna took a break from her world tour."...via Newsday blogTweet Stumbleupon StumbleUpon
Brad Penny throws punch at Hollywood club-goer
- Unfortunately for the Dodgers, Penny threw the punch left-handed, so the National League will once again soon be enjoying the comfort that is his arrow-straight 88-mph BP fastball. That is though only if he re-signs with the team. But if it’s up to GM Ned Colletti, he’ll no doubt receive an enormous raise."
Google cancels afternoon tea at NYC offices amid tough times
"Google is going on a diet when it comes to spending on a smorgasbord of food perks for employees living high on the hog in its New York office.
- The online search giant issued a memo to its Big Apple workforce earlier this week noting slimmed-down cafeteria hours and food selection as part of an effort "to find areas where efficiency can be improved."
The move, first reported by the tech blog ValleyWag, comes as Google has seen its stock sink more than 48 percent, or $333.48 per share this year. ...
- Gone are exotic treats like afternoon tea on Tuesdays, which has been suspended indefinitely.
However, the company said there still may be "occasional surprise 'snack attacks' in the future" - similar to what employees get in Google's Mountain View, Calif. offices.
- The company also is creating new rules for feeding guests and
- discouraging employees from taking meals to go."...
- via MichaelSavage.com
- photo NY Post
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Burwell added to St. Louis FM sportstalk, 1/1/09 start
"Sports/Talk 101.1 adds to its staff with nationally recognized sports writer and broadcaster Bryan Burwell (who) has been added to the station’s lineup... Bonneville's and St. Louis' Sports/Talk 101.1 goes on the air January 1." via Radio Daily News
- Sources said that the station, WMVN (101.1 FM), has reached a tentative agreement with Post-Dispatch sports columnist Bryan Burwell to be host of a midday program, probably running from 10 a.m to 2 p.m.
Baseball expert instructs political media about use of polls
- Whether in baseball or politics, "the basic problem is that
- people misinterpret random events as being meaningful."
- should avoid reporting that centers on polls;
- They should, he said, "apply the same kind of fact-checking and balance to coverage of polls as they would to any other set of facts." reported on Poynter.org
Media knows it's a mob but thinks it doesn't matter (Babe Ruth's daughter would disagree)
- They have 4 mob cohorts to excuse their orientation:
- living in "extremely democratic cities on the East and West Coast,"
- "young" in age,
- friends of people who advise Obama, and finally
- the fact that they are "journalists."
- (It's worth noting that our lone McCain voter, Deputy Managing Editor Rachael Larimore, lives in Ohio.)
- Also, a significant number of former Slate contributors...
- are now advising Obama.
- And, finally,
- we are journalists, and,
- to quote (former Slate editor Michael) Kinsley:
- This is a natural result of the sort of people who are attracted to various careers....
- And there is nothing that can be done to change this disparity,
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- But—for the millionth time!—an opinion is not a bias! The fact that reporters tend to be liberal
- says nothing one way or another about their tendency to be biased.
It does suggest that when political bias does creep in, it is more likely to tilt liberal than conservative. But there are so many
- other pressures and prejudices built into the news—including occasional overcompensation for fear of appearing biased—
that raw political bias plays a fairly small role. …Of course it is not easy to persuade folks of this, and many will never believe it. No doubt it is easier just to
- keep your political opinions secret and imply that you don't have any.
But that absurdity or dishonesty itself undermines your credibility. Or it ought to."*******
(Yes, there are other 'groups' in other walks of life that influence things, but none as great as this. Even mentioning the subject of news peoples' 'fandom' elicits immediate ridicule. One might charge that Republicans and/or conservatives (2 different entities) have their own media groups.
P.S. On the power of mobs, Babe Ruth's daughter:
- That would be a bad analogy however, as the so-called Republican/media elites are very critical of the Republican ticket. You can read all about it in democrat press and sites). sm
- ""I watch baseball all the time," she said. "In New England, you mostly get the Red Sox. You don't get the Yankees' games. You can't live in New England without being a Red Sox fan. I've lived up there for 60-something years.
- It's so hard to be a Yankee fan in a country that's all Red Sox.
- But I held out until about 10 years ago.""
Australia to implement internet blocking, no opt-out for users
"AUSTRALIA will join (Communist) China in implementing mandatory censoring of the internet under plans put forward by the Federal Government.
- The revelations emerge as US tech giants Google, Microsoft and Yahoo, and a coalition of human rights and other groups unveiled a code of conduct aimed at safeguarding online freedom of speech and privacy.
Huffington Post writer stabbed ex-partner 220 times with screwdriver
- "A Huffington Post writer stabbed her former lover more than 200 times with a screwdriver and then tried to conceal the slaying, PalmBeachPost.com reported.
After committing the gruesome crime, Carol Anne Berger, an election correspondent for the Huffington Post, reported her former flame missing, then fatally shot herself a day later, police told the Web site....
Kalish had been stabbed with a Phillips-head screwdriver 220 times, he said, with wounds concentrated in the back of her head, back, arms and face. A blow to Kalish's neck likely killed her, Chapman told the Web site.
Burger and Kalish recently had hired an attorney to sell their house and split the revenue. Kalish had met another woman and spent hours absorbed in cyber-dates with her new companion, PalmBeachPost.com reported.
"We are all very lucky to have Carol Anne be part of the Off the Bus family," a Huffington Post statement read, referring to the Web site's special election section. "Our thoughts and prayers go out to the families and friends of Carol Anne Berger and Jessica Kalish."
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Wednesday, October 29, 2008
Top newspaper daily circulation, 1998-2008
- USA Today (M-Thur.) 2,293,310 (2008) 1,653,428 (1998)
- Wall St. Journal 2,011,999 (2008) 1,740,450 (1998)
- New York Post 625,421 (2008) 437,467 (1998)
- New York Times 1,000,665 (2008) 1,066,658 (1998)
- Los Angeles Times 739,147 (2008) 1,067,540 (1998)
- New York Daily News 632,595 (2008) 723,143 (1998)
- Washington Post 622,714 (2008) 759,122 (1998)
- Chicago Tribune (W-F) 516,032 (2008) 673,508 (1998)
- Houston Chronicle (M-Sat.) 448,271 (2008) 550,763 (1998)
- Newsday 377,517 (2008) 572,444 (1998)
- via SportsBusinessDaily, Daily Stat
Is your media partner going bust? Seminar Thursday...
- the Media Financial Management Association (MFM) and its BCCA subsidiary will host a Distance Learning
- Seminar entitled “Interep - What's Happening? Where Do We Go From Here?” on Thursday afternoon, October 30, from 4:00 -5:15 p.m. ET."
Mark Cuban backs BailoutSleuth.com
With help from the media, language is used to defeat a nation.
- And it's all happening so quietly and sweetly...how bad could it be?
- Only in our age of collective thinking and untidy language
- could such a thing as "positive liberty" be conceived.
- The state power to coerce is not liberty.
- The conscious surrender of language to the needs of the party creates a self-made
- prison from which escape is, quite literally,
- Government does some things which reduce our private rights and yet which increase the common good.
- Politicians on the Left have often argued that liberty should be reined in more tightly so that "the people" can live better.
- It is entry into that dead realm of Newspeak in which
- language is pureed into nonsense, and then
- any need for critical thinking, his absorption into a parish filled with surreal anger
- which numb his conscience --
- This is the newness of Obama in our history. Leftists like George McGovern and Jimmy Carter lived real lives. Both served in the military. Both seemed to have been genuinely religious. Both worked in private business. Both came from states that were conservative, and so they had to defend their political philosophies. Barack
- It is not just his life, so marinated in rote theory, that makes Obama unique. He is an early prototype of a new creature in our lives: Orwell's children, if you will. These are the people who can honestly believe that September 11th was an "inside job" or that the CIA invented crack cocaine to hurt blacks. This is the generation
- Iron and dull control of education, destruction of the nuclear family, disappearance of religion in public life, degradation of art and entertainment into tasteless mush, and, most of all, the politicization of everything in life -- these forces have created
- outside of the realm of collectivist political rhetoric.
- He is someone who can say "negative liberties" unaware that
- he is saying nothing at all."
- P.S. The 2001 tape referenced at the open of this article was minimized or ignored by big media. (sm)
- Not happening. I would work as little as possible, produce as little as possible. Why should I do more since it will be taken away?
- That's already happening to a large degree, but anymore who would be dumb enough to agree to slavery?
- How are they going to make me work more? Beat me, starve me? Fine, go ahead. (sm)
Tuesday, October 28, 2008
Interep still in business while organizing
- "The trustee has determined that it is in the best interests of the debtors' estates to continue the operations of the debtors and has arranged for ongoing funding of the trustee's operations," Silverman wrote in a letter sent to Interep's clients Monday afternoon (Oct. 27)....
- CBS Radio, the largest group repped by Interep, said in a statement it was looking into alternative national sales representation strategies and will have an announcement soon."
Selig does not act like a man
- It's become the thing to do these days to portray him as a saint- if one wants to be part of the crowd.
- Or if one is just tired. But it's not accurate and ignores history.
- Selig is FOX's b*tch and everyone knows it. As long as the network pours boatloads of money into MLB's coffers, Selig will remain the dutiful slave and do whatever FOX tells him to. Start World Series games at 10 p.m.? Sure thing, boss! Play games in driving rainstorms? No prob, boss! Demonstrate through your half-assed decisions that money counts and fans don't? Be glad to, boss!
- He isn't a man, he's a spineless, yellow-bellied cretin who, for the sake of money,
- allowed a television network to pervert the sport he's supposedly in charge of beyond repair.
McCain stands up for rights of World Series
- from his speech earlier today, audio played back on the Rush Limbaugh radio program, approximately 2:42 pm ET. McCain showing a bit of spirit late in the campaign.
Yankees 1996 home opener in snow
Thoughts while gearing up for GM meetings next week--Ken Davidoff
- Charlie Manuel's version of 8 Men Out, per Ken Davidoff:
- each of the five World Series games so far.
Monday, October 27, 2008
Huizenga: I'D RATHER GIVE MY PROFITS TO CHARITY THAN OBAMA
- than to him."" via the Drudge Report
- of tolerance and compassion). sm
Tampa Bay Rays post season run a winner for St. Pete Times
- "Andrew Corty, the paper's vice president and corporate secretary, puts the estimated incremental ad revenue at "well into six figures."
- The Times has an exclusive marketing arrangement with Tropicana Field, allowing prominent promotional signage and distribution of papers and other material.
- (The rival Tampa Tribune has a parallel deal at Raymond James Statium where the Bucs play)." via Poynter.org, Edmonds
Explaining news media bias for the democrat candidate
- One columnist's theory: newspaper editors are biased toward Obama, motivated by concern for their own careers:
- After all, newspapers and network news are doomed anyway -- all that counts is keeping them on life support until you can retire.
And then the opportunity presents itself -- an attractive young candidate whose politics
- likely matches yours,
- but more important, he offers the prospect of a transformed Washington with the power to fix
- everything that has gone wrong
- in your career.
With luck, this monolithic, single-party government
- will crush the alternative media via a revived
- fairness doctrine,
- re-invigorate unions by getting rid of secret votes, and just maybe
- be beholden to people like you in the traditional media for getting it there.
And besides, you tell yourself, it's all for the good of the country …"
This is the opinion of the columnist and in no way reflects the opinion of ABC News.Michael S. Malone, columnist (Portion appears at end of article). via the Drudge Report.
- Many are concerned about future job security and act accordingly. In baseball reporting it's similar to politics. You only have to keep one thing in mind: will ESPN like what I'm doing. (sm)
Another example of Yankees managerial vacuum: Felix Lopez
- to capitalize
- on the power void in Tampa,
- and Hank Steinbrenner is busy making hilarious statements to the media.
- didn't mention the Yankees significantly in his speech, something
- Lopez should've covered in his planning with the Obama people."
- There were already ethical problems for baseball with this event. (sm)
Sunday, October 26, 2008
Rays advantage at Tropicana Field
- against the background of a fiberglass roof where you can’t take your eyes off the ball. In an open-air stadium when the ball is hit in the gap an outfielder can take a look at where he is going and then look up and lock in on the flight of the ball.
- almost the same color as the baseball and so an outfielder can’t take his eyes off the ball.
'Polls' used to make 'news' are purposely biased
- 40.0% Democratic,
- 32.8% Republican,
- and 27.2% unaffiliated.
- When 'polls' are skewed toward 1 political party or entity, the 'results' usually favor that party/view. eg, 'Palin is no good' can be expected if a poll skews toward democrats.
- Therefore, it does not mean 'Palin is no good,' it means
- they survey more democrats. (sm) via Lucianne.com
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On advice to lower the volume on WFAN's morning show
(NY Post, Mushnick): "WFAN's station manager, Mark Chernoff, recently responded to a complaint about the vulgar content of the Craig Carton-Boomer Esiason morning drive show with a defense of the program as one "meant to appeal first and foremost to 25-54 year old males."
- Thus, Chernoff's missive continued, "I never like the idea of suggesting not listening to the station, but if you're in the car with your kids, I probably would recommend
- turning the radio way down for that time."
But Chernoff's claim of a 25-54 target audience seems disingenuous, too. Carton and Esiason, as heard Thursday and Friday, could not have been targeting adult listeners when they had tons of naughty hilarity making fun of the last name of Arkansas QB, Casey Dick. Yep, that's what passes for adult sports fan entertainment on that show.
- Esiason, Friday, signed off with this clever line: "My testicles are swollen."
- Certainly, the male target audience of this pathetic show can't possibly be any older than third or fourth-graders."
Phillies pitching coach says his guys change speeds better than Red Sox
- Our guys can change speeds, which is something I don't think
- Boston did a whole lot of.
- A lot of those home runs were balls that were up in the middle of the plate. They made a lot of mistakes. Good hitters hit mistakes, and that's what the Rays did.
- to change speeds and throw a number of pitches for strikes.""
The global game of manicures and pedicures
- For fans of globalism, your idea worked out real well. The yearly World Economic Forum in Davos was a blur of pedicures, massages, and fine dining:
- Angelina Jolie and
- Sharon Stone."...
Saturday, October 25, 2008
A-rod marketing value tarnished by off the field reports--Ken Davidoff
- (Newsday): "...this hasn't received much attention, but apparently he divorced his wife and is involved with Madonna.
- He's less attractive as a marketing tool, therefore.
- Davidoff thinks Davey Johnson would be a better manager for USA WBC team:
- Johnson, who of course led the Mets to their last World Series victory in 1986, lacks Martinez's media-friendly nature. Yet he's a far more accomplished manager than Martinez."...
- (Newsday): "The Pirates' hiring of Joe Kerrigan as their pitching coach raised some eyebrows. "Didn't they ask around about this guy?" one industry insider asked. While Kerrigan is regarded as intelligent,
- he also is thought sneaky and selfish."
- (Newsday): "Rich Monteleone, let go by the Yankees as their special pitching instructor, has been informed by the club that he won't get a job at their minor-league complex. Before his elevation to bullpen coach in 2002, he worked with the Yankees' minor-league pitchers."
Obama Campaign cuts off WFTV after normal interview with Joe Biden
"WFTV-Channel 9's Barbara West conducted a satellite interview with Sen. Joe Biden on Thursday...
- West wondered about Sen. Barack Obama's comment, to Joe the Plumber, about spreading the wealth.
- She quoted Karl Marx and asked how Obama isn't being a Marxist with the "spreading the wealth" comment.
"Are you joking?" said Biden, who is Obama's running mate. "No," West said.
West later asked Biden about his comments that Obama could be tested early on as president. She wondered if the Delaware senator was saying America's days as the world's leading power were over.
- "I don't know who's writing your questions," Biden shot back.
Biden so disliked West's line of questioning
- that the Obama campaign canceled a WFTV interview with Jill Biden, the candidate's wife.
- "This cancellation is non-negotiable, and
- further opportunities for your station to interview with this campaign are unlikely, at best for the duration of the remaining days until the election,"
- wrote Laura K. McGinnis, Central Florida communications director
- for the Obama campaign.
McGinnis said the Biden cancellation was "a result of her husband's experience yesterday during the satellite interview with Barbara West."
- I'll wait to see how the NY Times and Washington Post handle this media slight by the Obama Thought Police. (sm)
Radio Ad Sales firm Interep goes bust--Crain's NY
- "Interep, the largest independent national radio sales representative firm, is shutting down.
- “We’re looking for alternate representation strategies,” a CBS Radio spokeswoman said.
- UPDATE: 10/28/08, Interep's door still open, but slightly. Mediaweek.
Friday, October 24, 2008
How the NY Times can save itself: SELL THE RED SOX
- Estimated value of their Red Sox share: $150 million
- by the company's non-news assets.
- 1. Sell the stake in the building. The New York Times recently moved into a spectacular new Times Square headquarters...
- 2. Try to sell the Boston Globe and Red Sox stake. Probably a few hundred million of value left in the Globe, at least for a while. Newspaper assets are hard to sell these days, but the Globe is a famous, valuable franchise. It might fetch $300-$400 million. (Jack Welch approached NYT about buying the Globe in October 2006. He is one of the few people who could raise the money.)
- Lehman recently estimated that the 17% stake in the Sox is worth about
- $150 million."...
- ***Not true of course, Pinchy, in the case of the Red Sox!!! They could sell that in 2 seconds to any remaining fraternity brothers of Bud Selig. (sm)
Governor Sarah Palin drops puck at St. Louis Blues game
40% of newsroom staff to depart NJ Star-Ledger
- Jim Willse, editor of the Star-Ledger, told staff Friday that 151 buyout offers were accepted in a newsroom of about 330 people. The paper turned down 17 people who had requested buyouts.
Departures will be staggered between now and the end of the year, Mr. Willse said in an interview."...via RomeneskoTweet Stumbleupon StumbleUpon
Surviver of 2006 Royals credential yank, Rhonda Moss leaves KCSP radio
- 6/9/06, AP: KANSAS CITY, Mo. -- "Two reporters who asked contentious questions at a news conference introducing Dayton Moore as Royals general manager
- had their credentials revoked Friday.
Bob Fescoe of WHB and Rhonda Moss of KCSP, competing sports-talk radio stations in Kansas City, said they were informed by public relations director Aaron Babcock that their credentials were taken away....
- At the news conference Thursday, the two grilled owner David Glass on the way he handled the dismissal of former general manager Allard Baird.
- Glass appeared to become irritated and told Moss at one point that her assessment of the situation was "completely wrong."
Moss has covered the Royals for KCSP for almost three years. Also during the news conference,
- she appeared to rankle Dan Glass, the team president and owner's son,
- when she asked him what his role was in running the baseball operations.
Moss said she called Major League Baseball and was told nothing could be done."...
- ###"The Royals quietly returned Moss's credentials to start the 2007 season."
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Chris Russo-Person of the Day, Radio Daily News
Thursday, October 23, 2008
Adding up buzz on Mike Francesa's new partner-Neil Best
Selig hopes Moores' divorce won't lower Padres payroll
- "Selig hopes the divorce of Padres owner John Moores and his wife, Becky, won't result in
- a reduction of the team's payroll.
- "I don't think John or Becky want it to affect the Padres.
- (item at end of article)
Disposable diapers report hushed up--green lobby on ice
- Their discomfort was easily resolved. The results of the study have been hushed up by authorities!
- hushed up because ministers are embarrassed by its findings.
The Department for Environment, Food and Rural Affairs (Defra) has instructed civil servants
- not to publicise the conclusions of the £50,000 nappy research project and
- to adopt a “defensive” stance towards its conclusions."...
Don't make NY Times' Bill Keller mad whatever you do.
- "(New York Times' Bill) Keller on McCain camp criticism (of media bias):
- "My first tendency when they do that is to find the toughest McCain story we've got and put it on the front page."
- (But he doesn't.) 09:43 AM
- Whatever you say. Fine. (sm)
Wednesday, October 22, 2008
For World Series Manager Maddon, 'Joe the Plumber' is family
- (Maddon, NYT): “Joe the Plumber is probably as American as you can possibly be,” he said. “I don’t think Dad (a lifelong plumber) would be offended by it, actually, at all. It would have piqued his interest a bit —
- he would have wondered what they were going to do for Joe the Plumber,
- or what was wrong with Joe the Plumber,
- or how people view Joe the Plumber. He would have been honored by it. He never read into things wrong.”He added: “But for me, to hear that phrase
- It indicates job well done.”...
- he believes in “not so much entitlement, but earning it.”"
On Tampa Bay Rays team vote, Monday media appearance
- on perhaps an even bigger stage Monday afternoon....
- was chosen by his teammates
- to introduce Obama."...
- (St. Petersburg Times): "In his introduction of Obama: "(David) Price kept it short and sweet: "Now please welcome the next president of the United States, Barack Obama!"
- The surprise partisan appearance by several Rays players prompted some complaint calls to the team,
- but it's unlikely management will be bent out of shape.
Principal owner Stu Sternberg wrote a $2,000 check to Obama in April, and
- Rays president Matthew Silverman donated $1,000 to Democratic Rep. Kathy Castor, co-chair of the Obama campaign in Florida."
- Fernando Perez is a product of elite educational institutions Columbia University and the Peddie School--which cost a small fortune to attend. With that background, it's understandable that Perez, a very new, young player, would choose to make a spectacular public endorsement using the selling points "change" and a "new direction." Then again, a block of Rays' players was in on the endorsement as well as Rays' ownership.
- but none with the glow of those hugging him Monday in Tampa: members of the World Series-bound Tampa Bay Rays.
"What an exciting day for Tampa Bay," outfielder Fernando Perez told thousands
- of Obama supporters at George M. Steinbrenner Field, the morning after winning the pennant.
- "We can change the nation, but people like you need to help us do it.
- Barack Obama will take this country in a new direction, but we're going to have to make sure that every voice is heard," said Perez,
joined on stage by teammates Carl Crawford, Cliff Floyd, Jonny Gomes, Edwin Jackson and David Price, who introduced the Democratic nominee."
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Joba's mother looks just like Joba
Tuesday, October 21, 2008
Lorne Michaels on Sarah Palin: 'She was characterized so quickly by the media.'
- I watched the way she connected with people, and she's powerful.
- This was her first time out and she's had a huge impact. People connect to her....
- Literally six weeks ago she was in another world. I think there's a lot of sympathy for anybody who can step forward and handle that level of pressure. That thing on a human level was fascinating to watch.
- She was characterized so quickly by the media.
- She got a really tough welcome.
Labels: Up yours Katie CouricTweet Stumbleupon StumbleUpon
NY Times admits its writer intentionally lied
- "An article in the Itineraries pages last Tuesday reported about the increasing stress on business travelers, and cited the findings of "Stress in America," an annual survey of the American Psychological Association. That survey found that economic factors were the leading causes of stress levels in 2008,
- but it did not say, as the article did, that "the crisis on Wall Street was the No. 1 cause of anxiety,"
- nor did participants in the survey say they felt most vulnerable to stress "in the office and on a business trip"....
- he suspects quite a lot, given the number of layoffs."
Howard Stern hopes Phillies win World Series
- "WYSP in Philadelphia was the first city to syndicate Stern’s show back in 1986."...
- via Radio Daily News
Monday, October 20, 2008
World Series bound Rays campaign for Democrat candidate today
Goldman Sachs involved in Yankee-Cowboy hot dog deal
- In the midst of the largest financial crisis in U.S. history, here’s Goldman Sachs announcing a partnership in a new hospitality company.
- The timing and constituents of this deal couldn’t have been any more bizarre. These are three organizations that many people have put on their dart boards, all uniting in this quirky venture."...
- "The teams will each own a third of the venture, with Goldman owning most of the rest, according to a source familiar with the plans who asked not to be identified. Legends raised $100 million about two weeks ago in a debt sale managed by Goldman, the source said."
- Gerald Cardinale (of YES Network and Goldman Sachs) is noted in facilitating the deal. He was also an Arod intermediary after the opt-out. Finally, Randy Levine says some revenue will be shared:
Yankees president Randy Levine said his team will have a "market-rate" rights agreement with Legends, and that money will be subject to Major League Baseball revenue-sharing. But the company's profits will not."
- photo from dividend.com
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