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Andre Falksmen
Bloomberg Television
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Comments by "Andre Falksmen" (@andrefalksmen1264) on "Media Tycoon Byron Allen Makes $14 Billion Offer for All of Paramount Global" video.
@yayyy-vb4 he has a skin condition, if you get my drift. And everyone who has that condition seems to be accused of some sort of assault or criminality as soon as they try to buy Prime assets.
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He'll never be allowed to buy it. He should have found a strawman, but regardless they will try to destroy him.
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You clearly have no idea how Corporate Finance works, it's called a leveraged buyout. The debt is paid for witg the revenue stream of the company, he simply has to have sufficient reserves to pay the debt for a period of time that makes creditors comfortable.
5
It wasn't a short period of time Byron Allen was grinding it out since like the late 70s early 80s. He barely got anywhere in the last 10 years. He only really made it when he brought the Weather Channel in 2018, and a lot of cable companies and advertisers try to screw him over by labeling a black owned network, this relegating advertising for that Network to the budget for minority engagement which is usually anywhere from .3% to 5% of the normal advertising budget. Even though the primary view of the weather channel is white and over 60.
4
@devontektsellers bs. He was absolutely right they were excluding his network from the regular advertising budget and placing it under the minority advertising category, where the budgets are 3% to 0.3% of normal advertising budgets, simply because the owner was black. This is even more absurd given that the primary demographics of the audience for the weather channel is elderly and white. They were effectively starving The Weather Channel of advertising revenue, the same Revenue they provided when it was owned by whites, threatening him with bankruptcy.
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