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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: NY Stew who wrote (7599)	10/5/1999 5:59:00 PM
From: rel4490	Read Replies (2) \| Respond to of 54805

<You either take 60% of the IPG ad revs as a licensing fee or 100% by acquisition. > Stew, most investors believed that GMST would take 50-60% of the IPG ad revenues in the settlement. But this would have been "free" for GMST. Now they are taking 100% but they paid $9 Billion. True, they received other assets, but most selling I believe is based on the premise that GMST overpaid for the remaining assets. They have essentially given away 1/2 the company to TV Guide stockholders.

To: NY Stew who wrote (7599)	10/5/1999 6:43:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 54805

>>My point is that TV Guide has assets beyond the guide business. You either take 60% of the IPG ad revs as a licensing fee or 100% by acquisition. Henry saw value in the latter. AT&T was a party to the settlement talks as was Liberty Media and News Corp. There may be additional value here that will not show until a later date. Stew, This is what I want to see clarified. I don't have the firm grasp on GMST that you do. I'm listening to what the market is saying right now. I want to repeat, I am NOT negative on GMST. I just want to stand back and watch for a bit. bp