After six weeks of assuring city employees that City Cable wasn’t selling as previously blogged in January, City Manager Bagby finally announced in Sunday’s paper they’ve been working on selling City Cable since November.
On the agenda for Monday night’s City Council is both a workshop and voting session item to sell City Cable. But Bagby gives no explanation as to why the sale of this asset is being fast-tracked on Monday night, why the details of the sale are being kept from the public, or why the city lied to their employees for six weeks.
I asked Fred Goldstein from InterIsle Consulting about the value of a cable subscriber in today’s market and he responded with, “Last year, TDS bought Baja Broadband, a smaller operation from New Mexico, paying $267M for approximately 71,000 subscribers: about $4400 per subscriber. Comcast is offering $45.2B for Time Warner Cable, which reportedly has 11.4M subscribers: that’s over $3950 per subscriber.”
Most people in the industry believe that Comcast’s CEO Brian Roberts is always the smartest guy in the room and they would certainly agree that Comcast never overpays. For that reason you can be assured that a “buyer’s” value per subscriber is $3950.In April 2013, NewWave, who provides cable services in Dexter and other surrounding areas, is speculated to have sold for more than $4000 per subscriber. According to “Investment Points” in WhereverTV’s presentation from Feb 2013, the value is between $4000 and as high as $5000 per subscriber.
It has been rumored that city leaders are calling this a “deal of a lifetime” opportunity and a “too good to be true” offer; so be ready to hear those phrases bantered about during Monday night’s meeting. But if that is the case, we should expect the offer to be closer to a “seller’s” price of $5000 per subscriber.
According to City Manager Bagby, the network currently has 6000 subscribers making the “too good to be true” value of our 6000-subscriber City Cable network around $30,000,000. Alternatively, a good “buyer’s” price would be $23.7M.
But here’s the problem: the offer being voted on to sell City Cable is reportedly less than $18M that’s less than $3000 per subscriber. No wonder the city leaders haven’t released any details of the sale.
I’m also very leery of Bagby’s “6000 subscribers” quote in today’s paper. Three years ago, the city claimed to have over 8000 subscribers. Has City Cable actually lost more than 2000 customers in 36 months? Or is it because the lower the number of subscribers you report, the higher the per-subscriber valuation looks?
If City Cable actually still has 8000 subscribers then the high-end seller’s value of the network is closer to $40M. Honestly, I would encourage the city to sell City Cable if the offer was between $27M and $40M.
Bagby “emphasized” in today’s paper that a citizen vote is not required to sell the network, however that doesn’t mean the city leaders have the right to sell it without public discourse. And it’s certainly hard to claim “public discourse” with no details provided and only 36 hour notice.
When city leaders say this is a “once in a lifetime” opportunity, I wish someone would ask, “For whom?” Only city leaders in Poplar Bluff can lose between $7M and $20M on the sale of an asset and brag to the citizens it is the deal of a lifetime.
After graduating from Mizzou with Computer and Electrical Engineering degrees in 1985, Brian Becker spent a decade singing Christian Rock and being a labeled artist with Benson Music Group of Nashville. In 1995, he and several investors started the area's first Internet Service called PBMO.net and by 2000 the company was serviing Internet access in over 50 communities throughout Southeast Missouri as SEMO.net. In July 2014, Becker again made a major pivot and became Publisher of the SEMO TIMES: a weekly print and daily online news and entertainment source for the region.
In its 87th year, the Stoddard County Fair will officially begin with a parade through downtown Dexter at 5:30pm on Tuesday, Sept. 16. (Exhibit entries will be accepted on the [...]
In its 87th year, the Stoddard County Fair will officially begin with a parade through downtown Dexter at 5:30pm on Tuesday, Sept. 16. (Exhibit entries will be accepted on the 14th and 15th) The winner of 2013′s Band Competition, The Puxico Rhythm Steppers, will be the lead band for this year’s parade.
Immediately after the parade in Arena A there will be youth games and chicken catching; while Arena B will host the Queen’s Contest.
Bill Hulvey and the Side Street Band will entertain on the Midway at 7pm and Prof. Farquar and Polecat Annie will perform nightly.
At 6pm Wednesday, Tyler Feller and Kryst Lyke will offer a youth ministry on the Midway.
Thursday will be armband night; the brave may ride all the Midway’s mechanical attractions as often as they like from 5:30 to 10pm for $25. At 6pm in Arena A cattle, hogs and equine judging will take place, followed at 7pm by a Future Farmers of America (FFA) Tractor Rodeo in Arena A and karaoke in Arena B.
New this year at the Stoddard County Fair on the Midway is a state-of-the-art mechanical ride dubbed “The Cliff Hanger.” Daredevils who enjoy this attraction range in ages from nine to ninety. The Cliff Hanger was built by Dartron Industries of Salem, Oregon and is brought to the fair by Tinsley Amusements. Tinsley provides all the carnival features on the Midway.
Friday’s featured Midway entertainer at 7pm will be Rickie Lee Tanner. Simultaneously in Arena A, the Bootheel Tractor Pulls will be followed by karaoke at 8pm in Arena B.
Saturday from 1to 5pm will be armband afternoon; armbands for all rides are $20.
Saturday’s list of events includes at 8am a Buyers Breakfast; at 9am at the Livestock Barns a 4H and FFA Livestock Auction; at 10am on the Midway the Stoddard County Youth Pageant; at 2pm on the Midway the 4-H/FFA Public Speaking Contest; and at 3pm in Arena B will be Youth Games.
At 7pm on Saturday in Arena A will be the Demolition Derby.
Midway entertainers for Saturday 4pm will be Anna Catherine DeHart; at 6pm Maggie Thorn; and at 8pm Neil E. Boyd. Karaoke will be at 8pm in Arena B.
The parade is free. However there is a $2 charge to enter the Stoddard County Fair. For more details see StoddardCountyFair.com.
14 (Sunday) - 21 (Sunday)
1h 46m - Drama Review - 7.1/10 - IMDb 38% - Rotten Tomatoes Mia Hall thought the hardest decision she would ever face would [...]
1h 46m – Drama
Review – 7.1/10 - IMDb 38% - Rotten Tomatoes
Mia Hall thought the hardest decision she would ever face would be whether to pursue her musical dreams at Juilliard or follow a different path to be with the love of her life, Adam. But what should have been a carefree family drive changes everything in an instant, and now her own life hangs in the balance. Caught between life and death for one revealing day, Mia has only one decision left, which will not only decide her future but her ultimate fate.
Release date: August 22, 2014 (USA)
Director: R. J. Cutler
Adapted from: If I Stay
Story by: Gayle Forman
Music composed by: Heitor Pereira
(Friday) 7:00 pm
Pine HIll Drive-In Theater
2 miles East of Piedmont on Hwy. 34
Written by F. Andrew Leslie (based on the novel by Sir Arthur Conan Doyle) Directed by Amy Pfeffer View info on The Stage Company's Website. September 12, 13, 19, 20, 2014 [...]
Written by F. Andrew Leslie (based on the novel by Sir Arthur Conan Doyle)
Directed by Amy Pfeffer
View info on The Stage Company’s Website.
September 12, 13, 19, 20, 2014 @ 7:30 PM
September 21, 2014 @ 3:00 PM
Perhaps the most famous and popular of the Sherlock Holmes mysteries, this gripping tale deals with the curse of the Baskerville family – and the fiendish killer-hound which stalks its members. As the action begins Sir Charles Baskerville has died under mysterious circumstances, and his nephew and heir, the young Sir Henry, has been threatened even before his arrival at Baskerville Hall. He enlists the aid of Sherlock Holmes and his trusted colleague Dr. Watson to trap the diabolical killer who stalks Sir Henry and to unravel the fascinating mystery which accounts for his evil actions.
Tickets: $8/adults, $5/children 12 and under
Buy tickets online.
(Friday) 7:30 pm
The Rodgers Theatre
204 North Broadway St, Poplar Bluff, Mo
The Stage Company