— The same document provides a number for the total liabilities that Comcast faces in this case. As an example, today, Jim Crane reportedly stated that he did not receive the business plan for CSN Houston prior to the purchase. That limited the network's revenue - documents indicated CSN Houston had fewer than 700,000 subscribers providing about $33 million in annual subscriber fees, far less than the approximately $100 million that Comcast had committed to the Astros and Rockets in annual rights fees. For instance, did you know that Houston has a very diverse community? He joined the Houston Chronicle in 1990 after stints at the Dallas bureau of United Press International (1984-90), the Waco Tribune-Herald (1978-84) and the Tyler Morning Telegraph (1975-78). Crane said that former Astros Drayton McClane, Rockets owner Leslie Alexander and ComcastNBCU had constructed a fraudulent business plan for CSN based on inflated monthly subscriber fee rates. Want more? In fact, it wants the second amended reorganization plan struck from the record and the teams required to go forward with the first amended plan. Carriers were willing to carry CSN Houston in the Houston area for a monthly subscriber fee in the $4 range, but they refused to do so across the region, even at fees ranging from less than $1 to less than $3 per month. There is a point where consumers get fed up. The point about which I presume fans do care, however, is that changes have arisen at the last minute that could delay the Monday scheduled hearing — which, in turn, could delay the point at which CSN Houston becomes Root Sports Houston, if it ever does, and games get carriage on DirecTV and U-verse. "There may have been some miscalculations here and in Houston. Crane filed a lawsuit on Nov. 21 versus McLane, and Comcast/ NBCUniversal alleging McLane of breach of contract in the $615 million sale of the team in November 2011 and all three parties of fraud, negligent misrepresentation or omission and civil conspiracy. Discover, MasterCard, Visa From Crane's view, it is about him having final say on pricing his product. Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen. Under the plan, which is supported by the teams and opposed by Comcast, the buyers will rebrand the network as Root Sports Houston and provide carriage on U-verse and DirecTV, which refused for two years to carry CSN Houston across Texas, Oklahoma, Louisiana and Arkansas. "However, Houston will serve as a reminder that RSN models have to be carefully structured. In fact, he told the [Houston] Chronicle this September that the regional sports network had ‘good long-term value.’ The accusations that have been reported are hollow and appear to be an attempt to recreate the facts. That could be an option for us.”, He said he has no buyer’s remorse, and that “we’ll sort this out in court” or something will get settled with Comcast. You can see how that might be a point of contention. The teams will lose their equity and will be unable for now to recover about $125 million in rights fees. He is surrounded by top tier accounts, attorneys, operators and marketers and he has participated in transactions even larger than this one. While CSN Houston remains "short on household penetration, it will provide major coverage upgrades" over FS Houston. But the lawyers have filed a few things that are not sealed, so we have picked up a few random facts in the last few days: — This isn’t from a court filing, but CSN Houston has extended its broadcast schedule through Sunday, Oct. 19. David Carter, director of the Sports Business Institute at USC, said the sports TV business will become even more complicated as teams, leagues and networks adjust to new technology and new markets. "Every major team will continue to explore and develop RSNs and RSN relationships, including the Astros and Rockets, as the regional television marketplace will continue to be a very valuable and important one," said Lee Berke, president of LHB Sports, which has advised several teams regarding TV opportunities.

This is a problem for DirecTV, AT&T, the Astros and Rockets, since part of the teams’ deal with the carriers is that the network must be turned over free of any liens. CSN Houston To Carry 157 Astros Games, Plans For Large Studio Presence Volume 27 No. Richard William "Dick" Dowling (baptized 14 January 1837 – 23 September 1867) was an artillery officer of the Confederate States Army who achieved distinction as commander at the battle of Sabine Pass (1863), the most one-sided Confederate victory during the American Civil War. In lighter news, the 51-31 final score is a scorigami — a final score that's never occurred in NFL history. It also ascribes “inconsequential value” to the affiliation agreement, a point with which Comcast also disagrees. … Csn Dadon is on Facebook. "What we see in Houston and Los Angeles is the beginning of substantial growing pains in identifying and monetizing media rights," Carter said. How does 40 cents compare to the $3.50 per subscriber that CSN Houston is requesting? However, Isgur would not promise he will rule immediately on the value of the Comcast loan, and he said other elements of the plan to which Comcast objects could require him to delay the hearing's final phase.
The game is likely the first of many postseason matchups we’ll see between the two signal-callers. Ford and Sparks are "less traditional choices," as Ford called MiLB "for seven seasons and spent four years as pre- and postgame host for the Royals' flagship radio station in Kansas City; Sparks' only broadcast experience was as a TV studio analyst." The teams hope Root Sports Houston will be in place for the Rockets' Oct. 29 home opener. This litigation outside the bankruptcy proceedings is a desperate act, committed during a period in which Mr. Crane and his team of sophisticated advisors have been granted by the Bankruptcy Court an opportunity to explore and effectuate solutions to the Network’s serious business problems. Receive news and offers from our other brands? Meanwhile, four Comcast entities on Sept. 27 filed a petition for involuntary Chapter 11 bankruptcy protection. Multichannel News is part of Future plc, an international media group and leading digital publisher. That number is a hefty $494 million.


When the Astros threatened to pull their rights in September 2013, Comcast threw the network into bankruptcy. McLane released the following statement in response to the legal action: “I haven’t seen the lawsuit yet, but Jim Crane is highly experienced and has been in business over 30 years. This campaign features "less noise and less emotion than previous 'I want my CSN Houston' pitches" (CHRON.com, 3/21). Now, more than a year later, the best option for the Astros and Rockets will, in effect, give the network free and clear to AT&T and DirecTV in return for a token $5,000 investment, and the agreement, according to Astros owner Jim Crane, to pay rights fees that are relatively close to those promised under the Comcast agreement. Quality was high - CSN Houston won five regional Emmy awards last year and is nominated for 16 this year - but the bottom line was catastrophic.

We did not feel that now was the time we had to make that decision. Thanks to the dozen or so hearings and hundreds of court documents that have been filed in the case, we know a lot more about the business workings of CSN Houston, and regional sports networks in general, than we did a year ago when the bankruptcy case was filed. Know the facts perform you make these kind of comments. Receive mail from us on behalf of our trusted partners or sponsors? Crane and Postolos are saying the offers they turned down would have resulted in losses for the network. The judge’s decision in this case is going to be critical, because the teams themselves – not AT&T and DirecTV – will end up paying the amount of the Comcast loan approved by the court. There was a problem. He has been a contributor to Dave Campbell's Texas Football since 1980, serving as high school editor from 1984 through 2000 and as Managing Editor from 1990 through 2004. Comcast exercised what is called an 1111(b) election, an element of bankruptcy law that allows it to forego immediate payment of the entire amount of its loan in favor of a post-bankruptcy payment schedule. • CSN Houston case drags on: Still ongoing is the never-ending squabble over the financial remains of CSN Houston, which entered Chapter 11 bankruptcy … Structure, balance and financial success all were found wanting for CSN Houston, which was launched in October 2012 by a partnership that included the Astros (46.5 percent ownership), Rockets (31.5 percent) and Comcast (22 percent). The partnership, pricing, structure, expectations - all of it has to be balanced to meet everyone's needs over the long haul.". 12). Crane's Houston Baseball Partners have sued Comcast and former Astros owner Drayton McLane over network-related issues, and the teams could sue Comcast to recoup unsecured network-related debts - more than $116 million for the Astros, more than $101 million for the Rockets. Top Stories. Kansas City rallied from a 24-0 deficit, taking down Houston … 10) and Watson (No. Even when the CSN Houston case is settled, the dispute over sports costs will continue. Aren't the creditors Comcast subsidiaries? Astros’ general counsel Giles Kebbe said at the press conference that the lawsuit was filed on Nov. 21  to meet a provision in the contract between Crane’s Houston Baseball Partners and McLane’s McLane Champions Co. mandating that any claims be filed within two years of the deal closing. Join Facebook to connect with Csn Dadon and others you may know. It is found today on youth in homes, classrooms, even in fine restaurants. As an alternative, it wants more time to study the second amended plan, which would delay Monday’s scheduled hearing. The teams want to reduce that claim to between $16 million to $21 million, based on the argument that since the teams are giving up certain things – as in the right to recover lost rights fees – Comcast, as the other partner in the network, should give up assets as well. "Carriers are questioning the demand for the channels and how the costs pencil out. © 1. As always, I will be on Twitter, doing my best to interpret the proceedings. Crane also said he found out that the other distributors would never pay that rate. “This was one of the most complex and scrutinized transactions of my business career, McClane continued. By David Barron on October 1, 2014 at 3:11 PM.


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