[opendtv] Re: News: Fox Says Mandated PSAs Would Be Illegal
- From: "John Willkie" <johnwillkie@xxxxxxxxxxxxx>
- To: <opendtv@xxxxxxxxxxxxx>
- Date: Tue, 13 Nov 2007 19:12:03 -0800
Tom;
Here's where I can pick a nit with John. The term of art is "attributable
ownership interest" per the FCC. With public for-profit companies,
attributable ownership interest is generally owning more than 3% of the
voting shares and/or having a seat on the board of directors.
An attributable ownership interest can also be a directorship or trusteeship
of a non-profit or not-for-profit organization owning a broadcast station.
(And, I'm glossing over Local Marketing Agreements and similar
arrangements.)
Sumner Redstone is Chairman of both Viacom and CBS, and there are other
common directors.
Most of the voting shares are held by persons and entities that have less
than 5% ownership and have no votes on the board. Having an attributable
interest mandates that one file an ownership statement with the FCC.
As for the particulars, I lament that the FCC hasn't put the ownership
section's files on-line, nor the affiliation agreements that were (when I
was resident in DC) contained in the same office.
So, the only public data online would come from http://edgar.sec.gov. I can
say that the ownership section's paper files are much easier to use than any
file at the SEC.
Hth
John
-----Mensaje original-----
De: opendtv-bounce@xxxxxxxxxxxxx [mailto:opendtv-bounce@xxxxxxxxxxxxx] En
nombre de Tom Barry
Enviado el: Tuesday, November 13, 2007 6:46 PM
Para: opendtv@xxxxxxxxxxxxx
Asunto: [opendtv] Re: News: Fox Says Mandated PSAs Would Be Illegal
Interesting. I had not been keeping up on this since the split. Can
you say what portion of CBS and Viacom are owned or controlled by
National Amusements?
- Tom
John Shutt wrote:
> John,
>
> You need to do a bit of research about your beliefs.
>
> After the CBS/Viacom split, CBS was given Showtime. Sumner Redstone's
> National Amusements owns a controlling interest in both CBS and in
> Viacom, hence the wording of my email.
>
> John
>
> ----- Original Message ----- From: "John Willkie"
> <johnwillkie@xxxxxxxxxxxxx>
> To: <opendtv@xxxxxxxxxxxxx>
> Sent: Tuesday, November 13, 2007 5:09 PM
> Subject: [opendtv] Re: News: Fox Says Mandated PSAs Would Be Illegal
>
>
>> I believe that CBS doesn't own Showtime; Viacom spun off CBS several
>> years
>> back, and unless I missed something, Showtime is a Viacom property,
>> and CBS
>> TV is a CBS, Inc. property.
>>
>> There is some common ownership and overlap among the boards, but each
>> has a
>> different mission (and a fiduciary duty to shareholders.)
>>
>> As long as the national cable networks don't own cable systems, and don't
>> pander to cable, they would seem to have an incentive called incremental
>> revenues and profits to attract new audiences.
>>
>> Come to think of it, what incentive did national amusements have to
>> encourage cable networks, since they also own outdoor and indoor movie
>> palaces, but I might have missed them exiting from the exhibition
>> business.
>>
>> John Willkie
>>
>> -----Mensaje original-----
>> De: opendtv-bounce@xxxxxxxxxxxxx [mailto:opendtv-bounce@xxxxxxxxxxxxx] En
>> nombre de John Shutt
>> Enviado el: Tuesday, November 13, 2007 8:57 AM
>> Para: opendtv@xxxxxxxxxxxxx
>> Asunto: [opendtv] Re: News: Fox Says Mandated PSAs Would Be Illegal
>>
>>
>> ----- Original Message ----- From: "Steve Wilson"
>> <stevenjwilson@xxxxxxxxxxx>
>>
>>> What I dont get is why the broadcasters arent out there trying to get
>>> new
>>> customers given their new-found bandwidth. They seem to be all over
>>> mobile broadcast, but when it comes to DTV - you just get blank
>>> stares and
>>
>>
>>> shrugged shoulders.
>>
>>
>> Because ABC/Disney owns ESPN, Fox owns Fox Sports and Fox News, NBC owns
>> CNBC and MSNBC, and CBS owns Showtime, and through it's parent
>> corporation
>> National Amusements still has ties to all of the Viacom channels
>> including
>> the MTV networks.
>>
>> Given that, what incentive do the national networks have in luring
>> viewers
>> away from DBS/Cable?
>>
>> John
>>
>>
>>
>>
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>
>
>
>
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--
Tom Barry trbarry@xxxxxxxxxxx
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