Friday, November 30, 2012

GSN chitchat

I'm lazy today as always, so I'll just repost some of my chatter from the GSN board about, well, GSN itself.

The discussion concerns the recent (re-)acquisition of majority control of GSN by Sony, and the network's ratings for the November 19-25 week. I don't have anything earthshaking to say about either subject, but it's my blog and welcome to it...

Other poster: Curiously, what do you feel is a more equitable fee than [the implied GSN valuation of] 1.3 billion?

Previous transactions had valued GSN at less than a billion. Let's face it, this is a mid-sized cable network at best with a relatively small, advertiser-unfriendly audience. But maybe GSN's online gaming is promising enough to push the valuation higher. Sony paid the price, anyway, so they must see some value in GSN.

By the way, DirecTV cleared a nice profit on the deal, as GSN's value has risen so much over the years. $69 million after taxes. Looks like Liberty Media (DirecTV's sort of distant spun-off parent) made a good investment when they took a half-interest in a nearly dead GSN way back in 2001.

Another poster: At a quick glance, it looks like the usual suspects are at the top [of GSN's November 19-25 ratings].

Actually, it's the usual suspect, singular. Harvey Feud dominates GSN like SpongeBob dominates Nick. One other interesting note is that Baggage performs surprisingly well in the wee hours. On the blog I've been tracking the show's syndie numbers, which have been underwhelming, to put it mildly.

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