These are just some wild ass guesses I put together a few months ago on GMST at 50 million subscribers which seems to be inevitable given all the recent deal activity and revenues from different sources.
I omitted revenues from some of their fading businesses and attempted to extrapolate the after tax free cash flow that would come GMST's way (table will probably come out a mess):
Annual Revenues FCF Margin Annual FCF 50 million household penetration
TV Guide Magazine $300,000,000 10% $30,000,000
TV Guide Channel
Carrier Fees $16,800,000 50% $8,400,000
Advertising $94,500,000 50% $47,250,000
TV Games $50,000,000 20% $10,000,000
Consumer Electronics $180,000,000 60% $108,000,000
IPG Advertising $125,999,000 50% $62,999,500
IPG Licensing $120,000,000 65% $78,000,000
$344,649,500
25x $8,616,237,500
40X $13,785,980,000 |
