The Varsity
Media Merger Mania & The Celtics L.B.O.
Nov 27, 2024
Bill Cohan, a partner at Puck and former investment banker, joins the discussion on the shifting landscape of media mergers. He analyzes Comcast’s spin-off plans, private equity's looming role, and the broader implications for the industry. Cohan also shares insights into Wyc Grousbeck’s leveraged buyout of the Boston Celtics, detailing the impressive rise in franchise value and the potential buyers circling the team, including Steve Pagliuca and Jeff Bezos. It’s a riveting conversation on sports and media's intertwined fates.
37:39
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Quick takeaways
- Comcast's spin-off of its cable networks signals a strategic shift in the media industry, reflecting the need to adapt amidst the rise of streaming services.
- The increasing financial allure of the Boston Celtics demonstrates the burgeoning value of sports franchises as lucrative investments for private equity and high-profile buyers.
Deep dives
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