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Is It All About The Money For New Toronto Ownership Group?
by Paul on 12/09/11 at 12:43 PM ET
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from David Shoalts of the Globe and Mail,
There was little good news for long-suffering Toronto Maple Leafs fans in Friday’s sale of the majority share in Maple Leaf Sports and Entertainment, unless they happen to own a big chunk of shares in either BCE Inc., or Rogers Communications, Inc.
All of the talk at the press conference announcing the media giants are now partners along with Larry Tanenbaum in the parent company of the NHL team that has not won a championship since 1967 was about words like branding, content and distribution. The Stanley Cup was mentioned but it was almost in passing and only when Nadir Mohamed, the Rogers chief executive officer, or George Cope, his counterpart at BCE, were asked directly about it.
“It’s the perfect marriage of content and distribution,” Mohamed said. “Our goal is to leverage content and distribution. This is having access to iconic content.”
Cope chimed in with, “I am 100 per cent convinced the Bell shareholders will make money on their network investments.”
Filed in: NHL Teams, Toronto Maple Leafs | KK Hockey | Permalink
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As long as we’ve got all these media execs in the room, I’ve got a pitch for a sitcom:
Get this - two guys want to buy a business, but neither one can afford it on their own. So they partner up to buy it together. Now here’s the twist - they’re ultra competive guys who’ve hated eachother forever. They both want the business to succeed, but neither wants the other to succeed.
Hilarity ensues!
Posted by Da lil Guy from Ottawa on 12/09/11 at 02:35 PM ET