Go Back   Colonial Fleets > BATTLESTAR GALACTICA DISCUSSION AREA > The Last Battlestar......Galactica!
Notices
The Last Battlestar......Galactica! For discussions about the ORIGINAL series
What Dreams May Come!

Reply

 
Thread Tools
Old June 4th, 2003, 03:43 PM   #31
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default

Today's news from the Viacom front:

http://money.excite.com/jsp/nw/nwdt_...&date=20030604

Realistic, since regulators would 'probably' disallow Viacom from owning 2 major studio companies. Question is whether Vivendi would want to sell VUE piecemeal.
BST is offline   Reply With Quote
Old June 9th, 2003, 01:53 PM   #32
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

USA to Buy Warrants from Vivendi
Fri June 6, 2003 07:32 PM ET
SAN FRANCISCO (Reuters) - French media conglomerate Vivendi Universal V.N will sell 20 percent of its stock in USA Interactive USAI.O back to the Internet conglomerate, USA said on Friday.

The deal, which will be accomplished through the sale of warrants to purchase 16 million shares of USA common stock, will mark another step toward untangling the complex partnership between the two companies, as Vivendi looks to shed its media assets and raise cash.

Under terms of the deal, after the warrant sale is completed Vivendi will be free to sell its interest in USA without the consent of chief executive Barry Diller or cable mogul John Malone's Liberty Corp. L.N .

USA still would maintain its preferred shares in Vivendi Universal Entertainment, its partnership with Vivendi which holds the Universal film studios, USA cable network and Universal Music and its claim on a related $2 billion letter of credit in the event of any asset sale.

New York-based USA Interactive, whose Internet properties include Expedia, Ticketmaster and Hotels.com, said that it would pay a total of $407.4 million to buy warrants to acquire some 16 million shares, at exercise prices of $32.50 per share and $37.50 per share.

USA Interactive shares closed at $37.17 Friday on Nasdaq, down $1.34 on the day.

A spokesman for the company had no further comment.

After the warrant sale, French media giant Vivendi will continue to hold, directly or through its affiliates, 56.6 million shares of USA common stock.

Vivendi has come under increased pressure to raise cash and slash debt by selling assets. The company received the USA warrants last year as part of its deal to buy the cable networks USA and Sci Fi, which are now part of Vivendi Universal Entertainment..

And in April, USA Interactive sued Vivendi for $620 million over a tax dispute, and said in a related securities filing that it could block Vivendi from selling some assets if it did not get a letter of credit to protect its stake in their partnership.

USA has said that when Vivendi sells Vivendi Universal Entertainment, it would have to provide USA with a letter of credit for about $2 billion and further tax-related payments if the sale included the cable properties that USA had originally contributed to the partnership.

Barry Diller stepped down as chairman of Vivendi Universal Entertainment in March.

Diller said in May that he intended to use his stake in VUE as a vehicle to fund acquisitions, invest in existing business, or improve USA Interactive's balance sheet within the next six to 12 months.

Liberty Media Chairman John Malone also said last month that his company was interested in buying Vivendi's U.S. entertainment assets, but stopped short of saying it would make a bid.

What does all the above mean exactly?

Peter
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 9th, 2003, 03:35 PM   #33
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default

Quote:
Originally posted by peter noble
USA to Buy Warrants from Vivendi
Fri June 6, 2003 07:32 PM ET

  • The deal, which will be accomplished through the sale of warrants to purchase 16 million shares of USA common stock, will mark another step toward untangling the complex partnership between the two companies, as Vivendi looks to shed its media assets and raise cash.

    Under terms of the deal, after the warrant sale is completed Vivendi will be free to sell its interest in USA without the consent of chief executive Barry Diller or cable mogul John Malone's Liberty Corp. L.N .

    After the warrant sale, French media giant Vivendi will continue to hold, directly or through its affiliates, 56.6 million shares of USA common stock.

    Vivendi has come under increased pressure to raise cash and slash debt by selling assets. The company received the USA warrants last year as part of its deal to buy the cable networks USA and Sci Fi, which are now part of Vivendi Universal Entertainment..

    USA has said that when Vivendi sells Vivendi Universal Entertainment, it would have to provide USA with a letter of credit for about $2 billion and further tax-related payments if the sale included the cable properties that USA had originally contributed to the partnership.

    Liberty Media Chairman John Malone also said last month that his company was interested in buying Vivendi's U.S. entertainment assets, but stopped short of saying it would make a bid.

What does all the above mean exactly?

Peter

Peter,

My own "view" of this transaction is that Vivendi is taking steps to allow themselves Maximum Flexibility for the eventual sale of VUE.

Vivendi is basically selling 20% of their investment in USA Interactive back to USA-I (& Diller). According to a previous agreement between the two companies, this will allow Vivendi to "dispose" of the remaining 80% of their investment in USA Interactive to whomever they choose, without the approval of USA-I. This would allow them to possibly fetch a higher price for that stake, on the open market, than they would get if they sold them back to USA-I, which would also be an option for Vivendi.

It all boils down to Vivendi raising cold hard cash and at the same time getting maximum value for their properties without having something akin to a "fire sale". At the same time, it also provides them the opportunity to remove a potential obstacle to their disposal of VUE.

Hope this helps.

BST

P.S. Methinks the time is getting close for the "V" being removed from "VUE". Just a hunch.
BST is offline   Reply With Quote
Old June 9th, 2003, 04:35 PM   #34
repcisg
Bad Email Address
 
repcisg's Avatar
 
Join Date: Apr 2001
Location: Vancouver, Wa USA
Posts: 1,874

Default

BST has it just about right, Vivendi is take one more step in untangling the financial rats nest Diller helped to create.
repcisg is offline   Reply With Quote
Old June 10th, 2003, 12:04 AM   #35
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Thanks BST!

Regards,

Peter
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 11th, 2003, 02:03 PM   #36
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default The Latest

The picture is starting to come into focus a bit as it seems that one potential suitor has removed himself from the running, for VUE:


In addition, Mr. Diller's broad standstill obligations under the Stockholders Agreement, including his obligation not to acquire Vivendi Universal or any of its subsidiaries, will continue to apply in accordance with the Stockholders Agreement.


For the entire article, please check the link:

http://money.excite.com/jsp/nw/nwdt_...&date=20030610

BST
BST is offline   Reply With Quote
Old June 11th, 2003, 03:24 PM   #37
JSC1
Warrior
 
JSC1's Avatar
 
Join Date: Mar 2003
Location: Granville, OH
Posts: 189

Default

So this means that Diller's out of the running?

Cool.

No big time friend for Bonnie to lean on anymore once new owners take over her channel.
JSC1 is offline   Reply With Quote
Old June 11th, 2003, 04:06 PM   #38
repcisg
Bad Email Address
 
repcisg's Avatar
 
Join Date: Apr 2001
Location: Vancouver, Wa USA
Posts: 1,874

Default

I have pieced this together base on information available and past history.
If you have better information I will add it to this.

Time line:

Early June
Advertising contracts for Fall/Winter season are signed. Funding is locked in thru the end of the year.

June, 2003
Filming of mini completed.
Post production starts.

July, 2003
Every one takes a break for the holidays.

Mid August
Post production continues.
Buyer selected for Universal – formal announcement made soon after.

September, 2003
Vivendi Board meeting approves sale of Universal.
Transfer of ownership planning begins.
Editing of min continues.
Tempo of advertising the mini increases.

Dec 3
Mini airs.

Jan 2, 2004
New owners of Universal take over. Internal reviews and reorganizations begin.
Initial discussions of possible series, based on the mini, begin.
repcisg is offline   Reply With Quote
Old June 12th, 2003, 02:12 PM   #39
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default Bronfman Gathers More Investors for Vivendi Bid

NEW YORK (Reuters) - A group of private equity players has joined a consortium formed by Edgar Bronfman Jr. to bid for the U.S. entertainment assets of Vivendi Universal, people familiar with the matter said on Thursday.

Bronfman, who lost a big portion of his family's Seagram distilling fortune betting on Vivendi Universal, has had talks with several potential investors and has recruited Boston-based private equity firm Thomas H. Lee to buy back the media and music empire his family once owned, the sources said.

One of the sources said Bronfman has also lined up private equity shop Blackstone to join the group, which includes a syndicate led by Wachovia Corp.

Bronfman joins several suitors interested in all or parts of the entertainment assets, which include cable TV networks, Universal Studios and theme parks. Other suitors include oilman Marvin Davis, Viacom Inc., Liberty Media Corp. and Metro-Goldwyn-Mayer.

Spokesmen for Bronfman and Thomas H. Lee had no comment. A spokesman for Blackstone was not immediately available.

Bronfman sold the Universal entertainment empire to Vivendi for $34 billion in stock three years ago, when the French company was transforming itself from a water utility to a global media and entertainment giant.

The deal subsequently cost Bronfman's family hundreds of millions of dollars as Vivendi's stock plummeted.

BRONFMAN ALSO EYES MUSIC, GAMES

With the additional funding, Bronfman hopes to have enough financing to make a bid for Vivendi's entertainment assets, as well as the music group, which has not yet been put up for sale.

Others may still join the consortium, possibly taking on some Vivendi debt, one of the sources said.

The New York Times reported on Thursday that Blackstone and Thomas H. Lee had joined Bronfman.

The group assembled so far has had due diligence meetings that will continue this week and next and is prepared to make a bid when Vivendi sets the timetable, the source said.

Vivendi's video and online games division has already drawn bidders and a deal, worth as much as $800 million, is expected to be completed as early as this summer. Bronfman would also be interested in the unit if it were made part of the U.S. entertainment assets, the source said.

Several suitors have emerged for all or pieces of Vivendi's entertainment group as the company sheds assets to pare debt. Oilman Davis, who is interested in all of the assets, has bid about $15 billion and offered to take on $5 billion of Vivendi debt.

MGM has also contacted various media players to join it for a bid, sources familiar with the situation said. MGM officials were not immediately available to comment.

Viacom and Liberty Media have said they are interested in Vivendi's cable networks, such as Sci-Fi and USA. A source close to Viacom said the company plans to pursue any bid it would make alone.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 14th, 2003, 08:24 AM   #40
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Kerkorian said to mull bid for Vivendi Universal units

By Bloomberg News, 6/13/2003

OS ANGELES -- Billionaire Kirk Kerkorian is examining the books of Vivendi Universal SA's US entertainment businesses, preparing to bid against Edgar Bronfman Jr., Marvin Davis, and John Malone.

Paris-based Vivendi will accept offers for the assets by the end of this month, said three people who asked not to be named. Metro-Goldwyn-Mayer Inc., 67 percent owned by Kerkorian, hired Rothschild to advise on a bid, the people said. Bronfman and Malone's Liberty Media Corp. have said they plan to bid on Vivendi Universal Entertainment, as has Davis.

Vivendi is selling the assets, which include theme parks and Universal Studios, to cut debt that ballooned when former chief executive Jean-Marie Messier turned the water utility into a media company to rival AOL Time Warner Inc. Current chief executive Jean-Rene Fourtou has said he plans to sell 16 billion euros ($18.8 billion) of assets by the end of 2004.

''The list of bidders that can buy the entire unit -- the studios, the TV networks, the theme parks -- is pretty thin,'' said Michael Nathanson, a New York analyst with Sanford C. Bernstein who rates Vivendi ''market perform'' and doesn't own any shares. Vivendi wants ''some closure,'' he said.

The company had 12.3 billion euros of debt on Dec. 31.

Davis plans to bid for the studios and parks, and for Universal Music, people familiar with the plan said this week. Davis in November planned to offer about $20 billion for the units, people familiar with the bid said then. Allan Mayer, a spokesman for Davis, declined to comment.

Fourtou, a former drug company executive who took over at Vivendi a year ago when Messier was fired, told investors in April that the company has no plans for the moment to sell Universal's music unit, which is a separate division from Vivendi Universal Entertainment.

Other bidders for the assets, which include the USA cable television network and the TV producer of ''Law & Order,'' may include Viacom Inc., the number three US media company, and General Electric Co.'s NBC television unit.

Vivendi plans to narrow the field to one or two candidates in July and to complete the sale by the end of the year, a person familiar with the transaction said.

Vivendi opened the books to potential bidders, including MGM, earlier this month, another person said. A bid by Santa Monica, Calif.-based MGM depends on what it finds during due diligence, the person said.

MGM spokeswoman Lea Porteneuve and spokesman Joe Fitzgerald both declined to comment. Telephone messages left at the office of Terry Christensen, a spokesman and attorney for Kerkorian's Las Vegas-based Tracinda Corp., weren't returned.

Kerkorian, ranked 97th on the Forbes 2003 list of the world's richest people, has an estimated net worth of $3.4 billion. In addition to MGM, Kerkorian's Tracinda is also the largest holder of the Las Vegas casino company MGM Mirage. He's the second-largest holder of DaimlerChrysler AG, the number three US automaker.

This is the third time Kerkorian, 86, has controlled the MGM studios. He first bought the rights to United Artists, a company that distributed MGM films, in 1981.

''They want to wrap things up before they go on summer holiday,'' Nathanson said of the Vivendi executives. ''This has gone on long enough.''

Vivendi spokeswoman Anita Larsen declined to comment on the timing of the sale.

This story ran on page E2 of the Boston Globe on 6/13/2003.
© Copyright 2003 Globe Newspaper Company.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 16th, 2003, 05:59 AM   #41
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Liberty in talks for Vivendi assets

By CBS.MarketWatch.com
Last Update: 6:42 PM ET June 15, 2003

A story on the Financial Times Web site Sunday reported that Liberty's John Malone met last week with Jean Bernard-Levy, chief operating officer of Vivendi Universal to talk terms and business structure.

Liberty Media, based in Englewood, Colo., is expected to make an offer for Vivendi's cable TV assets, movie studios and theme parks as early as this week, the FT reported.

Levy has set a June 23 deadline for offers for Vivendi Universal Entertainment, the FT noted. According to the report, more executive meetings are scheduled this week, and will include Edgar Bronfman, Jr., a Vivendi board member and formerly head of Seagram.

A group led by Bronfman was among those interested in the Vivendi Universal Entertainment assets. The FT report added that other bidders for Vivendi Universal include NBC, a part of General Electric; a consortium led by oil executive Marvin Davis; Viacom and MGM.

Vivendi Universal Entertainment is expected to be valued at $12 billion to $14 billion, including debt.

As part of any offer, the FT stated, Liberty Media would be expected to contribute Starz Encore, its premium movie channel, as well as cash.

The upcoming bid deadline will usher in further talks with two or three groups, and Vivendi anticipates an agreement on a deal by the end of July, the FT reported.

Representatives for Liberty Media and Vivendi could not immediately be reached for comment on the FT report.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 17th, 2003, 03:02 PM   #42
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default

Two more articles regarding the pending disposal of VUE:

http://www.thestreet.com/_excite/tec...0&alias=/ht/nw

http://custom.marketwatch.com/custom...}&alias=/ht/nw

Hopefully, a bid from one of the six "suitors" will be acceptable to Vivendi. The IPO alternative may just be a smokescreen to get a higher bid from the bidders. Or, it could be a quick and easy way for Vivendi to unload the property without the regulatory hassles. Once again, time will tell.

(My hunch is that they want a particular price for the properties and if they get close to it from one of the bidders, they'll take it. ) IPOs are just too volatile and if the market is soft, it may not yield the value that Vivendi is looking for. An outright sale may be more of a sure thing for them).
BST is offline   Reply With Quote
Old June 19th, 2003, 02:52 AM   #43
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Liberty Open to Joint-Bid for Vivendi Biz Assets

Thu June 19, 2003 04:50 AM ET
By Georg Szalai

NEW YORK (Hollywood Reporter) - Liberty Media hopes it can come away with Vivendi Universal's entertainment assets and is open to teaming with other bidders -- particularly Viacom -- to succeed, chairman John Malone said during the company's annual shareholder meeting Wednesday.

While Liberty is "not explicitly working" with Viacom, in which it owns less than 1%, or any of the other four bidders at this point, Malone said "all bets are open" and he would "not rule out" any team efforts.

A Viacom spokeswoman declined comment, but sources have said various bidders for Vivendi Universal Entertainment (VUE), which owns theme parks, TV channels and Universal Pictures, have contacted others in an effort to potentially strike partnerships.

"Liberty has strong working relationships with several players, including Viacom, because they own a stake in them," Guzman & Co. analyst David Joyce said. "They could take advantage of that."

The cable pioneer, however, somewhat changed Liberty's tune on the possible role that USA Interactive (USAI) chairman Barry Diller could play in the runup to a Monday bidding deadline, saying Liberty is not cooperating with him on any part of its expected bid.

"At this time, we are on completely different trajectories," Malone said. A spokesman for Diller and USAI declined comment.

Liberty executives have recently hinted that they are uniquely positioned to strike a deal to take over VUE because Liberty owns about 20% of USAI and has a long-standing relationship with Diller, whose stake in Vivendi Universal could complicate any transaction.

Malone said Wednesday that he would rather try to optimize the VUE-USAI relationship if and when Liberty ends up winning VUE. While he didn't specify what this could mean, some observers suggested Malone could tap into Diller's expertise as former head of VUE by making him a close adviser.

Malone also said Liberty's Denver headquarters could add one or two senior executives if VUE joins the Liberty umbrella, but overall, Liberty would let division managers run operations without much interference.

He also reiterated recent comments about how Liberty does not want to jeopardize its credit ratings with a big takeover that would include big amounts of debt. Liberty will therefore "at least consider structures that would give us more flexibility," Malone said, hinting that the company could create separate entities or stocks for different parts of its business.

Asked by a shareholder whether Liberty, which owns about 3% of Vivendi Universal, would mind an initial public offering of VUE, Malone said he saw that scenario as second-best and as more likely to be "part of a bigger solution." Some observers have said a winning bidder could buy only a majority stake in VUE, leaving Vivendi Universal to unload the rest in an IPO.

Malone also fielded questions about home shopping cable network QVC on Wednesday, saying a decision about its future would likely come by the end of summer at the latest.

Minority investor Liberty can buy control of QVC after majority shareholder Comcast Corp. decides on a similar option first. The two sides have finished value appraisals for QVC, which must now be compared and independently verified if they diverge too much, according to Malone.

Malone hinted that Liberty could potentially acquire both QVC and VUE. The company has about $6 billion in cash and $10 billion-$11 billion in liquid investments, he said.

"Liberty is in very strong financial shape," Joyce said. "So they do have more flexibility than others."

Reuters/Hollywood Reporter
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 20th, 2003, 05:51 AM   #44
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Bid for all or nothing, Vivendi tells buyers

Fri June 20, 2003 06:57 AM ET
By Merissa Marr

LONDON, June 20 (Reuters) - Learning from past blunders, media giant Vivendi Universal has told potential buyers for its U.S. entertainment empire to bid for everything or not bother, sources familiar with the sale said on Friday.

Many suitors will obligingly put in bids for the Hollywood studio, cable television channels and theme parks by the deadline on Monday to keep their hand in the process, even if they are only interested in cherry picking individual assets.

However, it is not clear if bidders like media giant Viacom, which is only interested in the cable TV business but does not see it as a "must-have", will bid at all in the first round and may hold their fire until later in the process.

Vivendi is selling Vivendi Universal Entertainment (VUE) -- which comprises Hollywood's Universal Studios, cable television channels USA and Sci Fi, and the Universal theme parks -- to cut its debts after coming close to collapse last year.

Vivendi told investors this week it had singled out six potential buyers. It did not elaborate on who they were but they are believed to be: oil billionaire Marvin Davis, the former owner of the assets Edgar Bronfman Jr, General Electric GE.N , Metro-Goldwyn-Mayer MGM.N , Liberty Media L.N and Viacom.

With some bidders expected to team up, the auction is still seen as an open field with no clear front runner. What Vivendi will get for the assets is also an open question. However, Davis kicked off the bidding last year with a $15 billion offer.


FIRST ROUND PLAYERS

While some bidders may play it cool at the start, being a first round player is important for some of the contenders.

MGM, for example, needs a deal like this to get back into the Hollywood big league.

By contrast, Viacom -- which already owns Paramount Studios, the CBS television network and MTV networks -- can afford to wait and either team up with another bidder later or indicate its interest separately after the first round.

Despite Vivendi's demand for full bids only, bankers said the group may be forced to consider offers for single assets.

"Invariably they will get letters from some of the powerful bidders saying: "we're only interested in the cable channels"," said one media banker.

"If they're interested in maximising value, you always wants to put the pieces out separately because people who want the individual pieces will value them higher -- unless there is some egregious tax basis problem of breaking it up".

That problem could be Barry Diller.

Veteran Hollywood executive Diller, who stepped down as the head of VUE earlier this year, told Reuters in an interview on Thursday his company USA Interactive USAI.O could block Vivendi from selling the entertainment unit in pieces.

USA Interactive, which has changed its name to InterActiveCorp, owns a stake in VUE worth around $2 billion.

Diller said he would not take part in the auction but will invariably have to deal with the winning bidder and has shown an interest in Universal studios in the past.


BIDS FOR THE LOT

An obvious partner for Diller is cable king John Malone.

Malone, who heads Liberty Media, has openly said he is interested in VUE but has said he is not working with Diller.

Like Viacom, GE -- parent of NBC -- is also seen as a less enthusiastic bidder compared to the likes of Bronfman or Davis. Neither Viacom nor GE have advisers on the sale, sources say.

Bronfman, whose family once owned the Universal assets, could be a strong runner. He knows the business and is expected to bid for VUE plus the music division Universal Music and may also pitch for the computer games business.

His problem could be funding, although he already has some big names like Thomas H Lee on board, sources say.

Similarly, Davis is bidding for VUE plus music. However, he is seen as a frontman for former Universal CFO Brian Mulligan.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 20th, 2003, 06:27 AM   #45
jewels
Stablemaster, Livery Ship
 
jewels's Avatar
 


FORUM STAFFFleet Modertor
Colonial Fleets

Join Date: Sep 2002
Location: Wandering Indiana
Posts: 5,101


Default

Things are heating up.
*is cheering for anyone other than Liberty at this point*

Looks like Diller's lawsuit is getting VUE in that pickle of having to try to sell it as a whole lot instead of piecemeal.

Your soap-opera for the summer....brought to you by VUE.
__________________
"We feel free when we escape – even if it be but from the frying pan to the fire." Mozzie on White Collar

"May have been the losing side. Still not convinced it was the wrong one." Malcolm Reynolds [/color]

"We don't dictate to countries, we liberate countries." Mitt Romney [/color]
jewels is offline   Reply With Quote
Old June 20th, 2003, 06:40 AM   #46
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

COME ON NBC!
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 20th, 2003, 10:54 AM   #47
JSC1
Warrior
 
JSC1's Avatar
 
Join Date: Mar 2003
Location: Granville, OH
Posts: 189

Default

My money is on Viacom, hopefully.
JSC1 is offline   Reply With Quote
Old June 20th, 2003, 10:55 AM   #48
JSC1
Warrior
 
JSC1's Avatar
 
Join Date: Mar 2003
Location: Granville, OH
Posts: 189

Default

And if they have to buy it as a whole(whoever it is) they can probably sell off the unnecessary aspects to other parties once the sale is complete.
JSC1 is offline   Reply With Quote
Old June 20th, 2003, 02:23 PM   #49
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default

Learning from past blunders, media giant Vivendi Universal has told potential buyers for its U.S. entertainment empire to bid for everything or not bother...


Sounds like Vivendi is trying to "scare off" the piecemeal bidders. I wouldn't read more into this statement than posturing.

Bottom line: they NEED to sell the properties, period. They will take whatever they can get, from whomever they can get it . Then, the lawyers and "bean-counters" take over. As long as the money is on target, they'll take it and run whether it's from 1, 2, or 3 bidders. That's probably where this will wind up, as a consortium of sorts amongst some of the bidders.

I'm leaning towards a Liberty/Viacom combo. (Keep your eyes on John Malone, he's a shrewd one).
BST is offline   Reply With Quote
Old June 20th, 2003, 03:14 PM   #50
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Vivendi expects VUE sale by end July

Fri June 20, 2003 12:32 PM ET

LOS ANGELES, June 20 (Reuters) - Vivendi Universal hopes to have picked a winning bidder for its U.S. entertainment assets by the end of July, but will continue the auction as long as it takes to get the price it wants, a source close to the bidding said on Friday.

Paris-based Vivendi will take at least one week to judge bids due on Monday for its Universal Studios movie, television and theme park units before presenting them at a board meeting set for early July.

Six companies are vying for Vivendi Universal Entertainment, and the source said the list will be narrowed following the board meeting. "If this goes as we would like, it (the sale) may be by the end of July, but maybe not," the source said. "We are in no hurry."
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 24th, 2003, 01:08 AM   #51
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default FROM THE NY TIMES:

By GERALDINE FABRIKANT with ANDREW ROSS SORKIN

FOUR companies submitted bids for Vivendi Universal's entertainment assets yesterday, but the most intriguing development, in the view of several people close to Vivendi, may have been the mere statement of interest by a fifth — the NBC unit of General Electric.

Although the size of the bids could not be determined, a person close to Vivendi said that Liberty Media, led by John C. Malone, had made a bid. So did two investor groups, one led by Edgar Bronfman Jr., the former chief executive of Seagram, and the other by the entrepreneur Marvin Davis.

Metro-Goldwyn-Mayer also submitted an offer, this person said, but only for the Universal film library, which may make it unlikely that M.G.M. will emerge as the winner.

The wild card is NBC, which is said to want the Vivendi cable businesses — USA Network and the Sci-Fi Channel — and the film and television studios. Late yesterday, though, an executive close to NBC said that it had submitted only an "expression of interest" in a letter that the executive said was not specific about the properties it had in mind.

Although Vivendi has said publicly that all bids were due yesterday, the person close to Vivendi said that was not a strict deadline, particularly in the case of a bidder like NBC.

"They want NBC, and they will give them every chance to be in the bidding," this person said of Vivendi. "General Electric is a big, well-known company and a deal with G.E. would make Vivendi look like it had invested in the right place."

One media executive said that even if NBC made no specific offer yesterday, its letter of interest was significant, because NBC's chairman, Robert C. Wright, probably could not have sent it without the consent of General Electric. That does not necessarily mean, of course, that G.E.'s chief exective, Jeffrey R. Immelt, would actually sign off on making a multi-billion-dollar offer.

Meanwhile, Viacom, the giant media company that owns CBS and MTV Networks, is interested in the cable programming, particularly the Sci-Fi Channel, but apparently is waiting a bit to bid. Viacom's offer for those assets could come later this week, executives close to Viacom said.

Vivendi Universal, which is expected to retain a stake in the properties it sells, declined to comment on the bids.

Industry executives expect the eventual price to be in the range of $18 billion to $22 billion, if all of the assets on the trading block are included: the film and television studios, cable channels and theme parks that make up Vivendi Universal Entertainment, and the Univeral Music Group.

The Bronfman and Davis groups each submitted bids for all those assets, the person said, each offering to buy 70 percent of the properties, with Vivendi retaining a 30 percent stake.

While Liberty Media is primarily interested in the holdings other than the music business, its offer could include the unit, this person said.

Vivendi would prefer to sell off Vivendi Universal Entertainment intact, though, because a piecemeal sale of assets could result in a high tax bill. The Paris-based company, which is trying to whittle down an enormous debt, is also willing to sell Universal Music, but has indicated it does not have to do so.

Several people close to Vivendi said they expected the decision to come only through a drawn-out process that could take until at least mid-July.

"I don't think they will decide very quickly, because I think they want to get the best deal," the person close to Vivendi said.

This person pointed out that the Vivendi board will not meet until June 30, when it is likely to simply review the offers. By mid-July, "it could be that you would know who Vivendi was negotiating with, but there would still not be any winners or losers," he said.

An executive close to one bidder predicted that the auction might run into September. Among other issues, this person said, is that bidders have not yet held detailed discussions with Vivendi's management about the business strategies of each of the entertainment assets that is for sale.

Shares in the four public companies that submitted bids or have expressed interest fell yesterday along with the broader markets. Liberty Media fell 28 cents, to $11.14; General Electric dropped 14 cents, to $29.87; Viacom dropped 46 cents, to $44.64; and M.G.M. fell 15 cents, to $11.95.

Shares of Vivendi fell 3.6 percent, to 16.10 euros in Paris. Its American depository receipts, traded in New York, fell 67 cents, to $18.55.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 25th, 2003, 07:04 AM   #52
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default From The Guardian:

Malone moves for Vivendi music

Owen Gibson
Wednesday June 25, 2003

John Malone's Liberty Media has bid to take control of Vivendi Universal's music division, home to artists including U2 and Peter Gabriel, as well as the rest of the French media giant's US entertainment assets in a surprise twist to the bidding.

As further details leaked out about the bids for Vivendi's American assets, which include Universal Studios, its theme parks and the Sci-Fi channel, it has become clear the auction will be far from straightforward.

The Vivendi chief executive, Jean-Rene Fourtou, who replaced acquisitive predecessor Jean-Marie Messier last year when the company was on its knees due to rapid overexpansion and the advertising slump, had previously said the music division was not for sale.

The company invited bids for the full Vivendi Universal Entertainment package, which includes the film division, the USA cable channels and the Sci-Fi channel, last month and on Monday received five expressions of interest.

Vivendi's entertainment assets are expected to fetch around £6bn while the music division could raise between £2.4bn and £3bn towards wiping out its £7.7bn debt mountain.

But it has now emerged that three of the main contenders - groups led by the Bronfman family that previously owned Universal, oil billionaire Marvin Davis and US mogul John Malone's Liberty - have bid for the entertainment assets plus Universal Music.

A fourth bidder, film company Metro Goldwyn-Mayer, is thought to have offered to buy the whole company but not the music assets while General Electric's NBC network has only submitted an expression of interest at this stage.

It is thought NBC would rather pursue a partnership with Vivendi, cancelling out its debt in return for a share in a new joint venture. US analysts say the plan could be workable as Mr Fourtou has made a raft of other disposals over the past year and yesterday agreed a new £553m five-year loan.

But the company wants to withdraw from the US altogether and focus on its French business, broadcaster Canal Plus and telecoms company Cegetel. And the last attempt to run VUE as a joint venture ended in disaster, with former chief Barry Diller suing the company for £1.6bn in backdated tax and threatening to block the planned sell-off.

However, Vivendi is keen to bring in as many bidders as possible in order to put pressure on Liberty, which is believed to be in pole position to win the race for the assets.

MTV-owner Viacom, which was thought to be interested, has not submitted a bid but the door remains open for a last-minute grab for some or all of the assets.

The Vivendi board will examine bids over the next few days before whittling down the list at a board meeting on July 1. It hopes to conclude a sale by August, bringing down the curtain on Mr Messier's dream of creating a global media empire spanning Europe and America.

It's getting interesting!
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 28th, 2003, 09:49 AM   #53
jewels
Stablemaster, Livery Ship
 
jewels's Avatar
 


FORUM STAFFFleet Modertor
Colonial Fleets

Join Date: Sep 2002
Location: Wandering Indiana
Posts: 5,101


Default From the New York Times

June 28, 2003
http://www.nytimes.com/2003/06/28/bu...28VIVE.html?th

NBC Is Said to Be Pressing Vivendi
By BILL CARTER

Intent on surviving the first cut in the bidding for Vivendi Universal's entertainment assets, NBC is seeking to reaffirm the seriousness of its proposal for a joint venture, according to senior executives close to NBC's strategy.

The executives said that the company had made it clear in discussions with Vivendi that it was enthusiastic about its bid — which would combine its television assets with Vivendi's cable and TV production businesses — and intended to be aggressive in pursuing it to a conclusion.
Advertisement

To underscore the point, NBC is assuring Vivendi that it will happily accept the company's film studio, an asset whose unpredictable annual performance had been presumed to be unappealing to NBC's parent, General Electric.

And Jeffrey R. Immelt, the chairman of G.E., is prepared to meet with the chairman of Vivendi, Jean-René Fourtou, in Paris sometime in the next week to 10 days, executives who have been briefed on the men's schedules said. Mr. Immelt is not traveling to Paris specifically to meet with Mr. Fourtou but will be in Europe on previously scheduled business. He is now expected to add a meeting with Mr. Fourtou "to show the NBC colors," one executive said.

Over the last several days, details of plans by other potential bidders, including Metro-Goldwyn-Mayer and Viacom, have surfaced in news reports. NBC executives were apparently eager to ensure that their own position not be eroded by any of the proposals.

Many of the executives involved in the bidding process expect Vivendi to pare the suitors to as few as three in the next week or two. At that point, the remaining bidders will commence rounds of due diligence, examining the Vivendi assets. To retain as many as six bidders at the due diligence stage would be unwieldy and unappealing for many of the companies because of the expense involved, a senior executive from one of the bidding companies said.

Unlike several of the other bidders — which also include John C. Malone's Liberty Media; a group led by Edgar Bronfman Jr.; and another by the investor Marvin Davis — NBC is promising no cash in its proposal to Vivendi.

Liberty is presumed to be the leading candidate because of the likelihood that it will include the most cash in its offer.

NBC is offering instead a strategic merger, proposing a deal that would create a joint venture, with NBC as the majority partner. NBC would marry its assets, which include the broadcast network as well as cable channels like CNBC, MSNBC and Bravo, with Vivendi's entertainment assets, which include a television production studio, the cable channels USA and Sci-Fi and the Universal film studio.

NBC executives have concluded that any bidder who puts up enough cash is likely to win the auction. Still, NBC's executives say that they think that their bid has more of a chance than it would have had six months ago because Vivendi is less desperate for liquidity, and a combination with NBC would be a close fit, one executive said.

Among the reasons the network has cited to Vivendi, the executive said, is that Universal's prime television asset, the three "Law and Order" drama series, would find maximum value if NBC acquired the company because the network already broadcasts all three shows. To sell them off in pieces to other networks "would not optimize their value," the executive said.

The film studio has long been considered an impediment to NBC's acquisition because of the volatility of the movie business and G.E.'s historic reluctance to take on any expensive acquisition that could not be guaranteed to be either first or second in its competitive fields.

But NBC is now willing to take on the studio, the executive said, because it has come to believe that "the risk on movies is far less than it was and the volatility has been reduced."

David Londoner, the longtime media analyst who recently retired, said that conclusion was at least partly valid.

"The way studio accounting is done now is much more conservative, and that has contracted some of the volatility," he said, adding: "It's also true that studios simply cost a lot less now. They used to be sold for multiples of profits that were ridiculous."

The executive said the network was also more prepared to accept the risk the movie studio might present because of the recent experiences of all broadcast networks with professional sports contracts, most of which have become enormous money losers.

The executive said NBC also thought that film studios had a potentially lucrative new market in the release of DVD's of old movies. Universal has an extensive library of such films.
__________________
"We feel free when we escape – even if it be but from the frying pan to the fire." Mozzie on White Collar

"May have been the losing side. Still not convinced it was the wrong one." Malcolm Reynolds [/color]

"We don't dictate to countries, we liberate countries." Mitt Romney [/color]
jewels is offline   Reply With Quote
Old June 28th, 2003, 10:19 AM   #54
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

GO NBC!

Thanks jewels.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 28th, 2003, 10:24 AM   #55
kingfish
Strike Leader
 
kingfish's Avatar
 
COMMAND INSIGNIAAdministrator
Battlestar Pacifica
Battlestar Rycon

Join Date: May 2002
Location: Delray Beach, Florida
Posts: 2,949


Default

Cool AVATAR Peter. McQuarrie's work is always awesome to look at.
kingfish is offline   Reply With Quote
Old June 28th, 2003, 10:36 AM   #56
Micheleh
Watashiwa Shin no Noir
 
Micheleh's Avatar
 
Veteran
Fleets Warrior
SPECIAL ACHIEVEMENT AWARDFormer Assistant
Richard Hatch

Join Date: Jan 2003
Location: Where my heart is.
Posts: 1,038


Default

Interesting. So it seems the incentive for NBC is the Universal library.
Micheleh is offline   Reply With Quote
Old June 28th, 2003, 01:52 PM   #57
jewels
Stablemaster, Livery Ship
 
jewels's Avatar
 


FORUM STAFFFleet Modertor
Colonial Fleets

Join Date: Sep 2002
Location: Wandering Indiana
Posts: 5,101


Default

Jewels passes the thanks on to the BSGrevival yahoo group person who found the article and posted it there. *THANK YOU!*

but how does NBC help Vivendi's cash problem?? hmmmm.
__________________
"We feel free when we escape – even if it be but from the frying pan to the fire." Mozzie on White Collar

"May have been the losing side. Still not convinced it was the wrong one." Malcolm Reynolds [/color]

"We don't dictate to countries, we liberate countries." Mitt Romney [/color]
jewels is offline   Reply With Quote
Old June 28th, 2003, 02:54 PM   #58
BST
Snowball, My Angel Baby
 
BST's Avatar
 
COMMAND INSIGNIAAdmin
Colonial Fleets

Join Date: Mar 2003
Location: Somewhere across the heavens... aka Pittsburgh, PA
Posts: 9,184


Default

Quote:
Originally posted by jewels
but how does NBC help Vivendi's cash problem?? hmmmm.
By NBC assuming the VUE debt equal to their share of the joint venture. Sort of a "back-door" purchase -- NBC doesn't give Vivendi any money, they just "pay their bills".

Sneaky.

BST
BST is offline   Reply With Quote
Old June 28th, 2003, 03:20 PM   #59
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

Sneaky works for me, as long as it's not those golmonging tin-headed Cylons doing the sneaking!

Peter
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote
Old June 30th, 2003, 07:51 AM   #60
peter noble
Strike Leader
 
peter noble's Avatar
 
Colonial Fan ForceCo-Founder
Colonial Fan Force
COMMAND INSIGNIACo-Owner
TombsofKobol.com

Join Date: Feb 2002
Location: Derby, England
Posts: 2,560

Default

MGM: Dark Horse in the Vivendi Derby

Add Business - BusinessWeek Online to My Yahoo!

By Ronald Grover

Hollywood loves the story of the underdog. And as French conglomerate Vivendi Universal sifts through the bids for its Hollywood assets -- including the Universal studio, theme parks, a music company, and its brace of cable channels -- a live one may be in the making on Universal's backlot. When the bids were delivered to Vivendi on June 23, John Malone's Liberty Media was considered the front-runner. Consortiums led by former Seagram CEO Edgar Bronfman Jr. and Los Angeles billionaire Marvin Davis were also said to be strong players. All but forgotten in the pack is MGM, the long-suffering studio better known over recent decades for its losses rather than blockbusters.

It's easy to overlook MGM. The studio, which in the past produced such legendary films as The Wizard of Oz and Gone with the Wind, now lives largely off a massive library of older films and churns out the occasional James Bond blockbuster. It has had other hits, like last year's Barbershop and its kiddie version of 007, Cody Banks Special Agent. But it still loses money. In its most recent quarter, it dropped $55.8 million on revenues of $395 million. That has made it anything but a Wall Street darling.

GOING FOR A BIG ONE. However, don't underestimate the drive of MGM's 85-year-old majority owner, the reclusive billionaire Kirk Kerkorian, or Alex Yemenidjian, the 47-year-old MGM chairman and CEO. Since Yemenidjian arrived in 1999, the one-time accountant has revamped the company, slashing overhead and taking on partners to make many of its more expensive films. To capitalize on the booming DVD market, he bought back distribution rights for many of MGM's films that had been sold off in earlier clearance sales.

Kerkorian and Yemenidjian are intent on making this Lion roar again. And the best way may be to buy something big, transforming it from the risky business of making films to a diversified company. So, on June 23, MGM offered what those who know the bidding say was more than $11 billion for the Universal studio, theme parks, and cable channels. Although details are sketchy, about $2 billion of that is cash from partners that include Kerkorian's Tracinda Corp. holding company and from Providence Equity Partners. The debt is being arranged by MGM's longtime bankers at BankAmerica (NYSE:BAC - News) and from Morgan Stanley (NYSE:MWD - News), which both submitted "highly confident" letters that they could raise the cash for MGM, which declined to comment on the terms of its offer.

From MGM's position, the deal makes great sense. By combining its library of more than 4,000 films with Universal's cache of 1,500, the newly formed company would become the world's No. 1 film owner, capable of setting terms with cable and satellite operators around the globe. As MGM and its investment bankers have done the math, the merged operation would save more than $300 million a year in operating costs by combining the two companies' various operations, most likely by shutting down production at MGM and laying off duplicative marketing, sales, and other staff. MGM would likely save money as well by funneling its films to its own cable channels, which would include the USA Network, SciFi Channel, and Trio, which shows smaller, independent movies.

PROVE IT. Will it fly with Vivendi? The French company wants cash, and it might welcome MGM's all-cash bid. Moreover, because MGM says it will buy more than 90% of Vivendi Universal Entertainment, the holding company in which the assets are housed, the deal wouldn't trigger various tax provisions that would cost the French company more than $2 billion. MGM has also told the French it would honor the "tag along" provisions that would allow former media mogul Barry Diller, chairman of InterActiveCorp [as USA Interactive has been recently renamed], to sell his 7% stake in the company -- thus overcoming yet another set of potential roadblocks.

Still, that doesn't make the deal a slam-dunk for MGM. It must yet prove its costs projections. [At least one source with knowledge of MGM's finances says that could be difficult because the studio has licensed the overseas rights to its films to Fox, which may allow Rupert Murdoch to get first crack at distributing Universal films abroad.]

Then there's the whole issue of the music company. The other major bidders -- Liberty and the Davis and Bronfman groups -- would take the troubled music unit off Vivendi's hands, while MGM has steered clear. MGM has apparently told the French it would arrange for a buyer if that were to become an issue, say sources with knowledge of the deal.

WHO'LL ADVANCE? MGM has to wait only until July 1 to figure out whether its bid still has a chance. That's when the Vivendi board is expected to decide which of the offers will go to a second round, when Vivendi will give the surviving bidders detailed financial documents such as major contracts and bank loans before they firm up their pitches. Insiders say Vivendi is likely to pick three or even four bidders then.

With a cash horde of more than $5 billion, Malone is almost certainly a lock to move forward because he can guarantee his deal will close. Bronfman, who's still a Vivendi board member [although on "suspended" status during the auction], will also likely get a ticket to the next round. After plugging away at the deal for months, the Davis group will also likely advance.

And MGM? To boost its chances, the studio offered Vivendi a small stake in the company --- and then guaranteed that the value of Vivendi's minority stake would never fall. That's a deal that's hard to beat: money upfront and equity that can't decline in value. But is all of that enough to win over the always-fickle French? Maybe. In a lot of those Hollywood stories, the underdog ends up on top.
__________________
"Battlestar Galactica will never happen again the way that it was." – Laurette Spang
peter noble is offline   Reply With Quote

Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Vivendi Is this any way to run a water utility? slider The Last Battlestar......Galactica! 7 January 4th, 2004 03:46 PM
Video Game News Thread michaelfaries Miscellaneous Entertainment 5 May 21st, 2003 12:15 PM
The actual Vivendi BSG Game Press Release jewels Miscellaneous Entertainment 1 May 18th, 2003 07:53 AM




So sez our Muffit!!!

For fans of the Classic Battlestar Galactica series



COPYRIGHT
All times are GMT -7. The time now is 04:05 AM. Contact the Fleet - Colonial Fleets - Archive - Privacy Statement - Top
Powered by: vBulletin Version 3.8.11, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content and Graphics ©2000-Present Colonial Fleets
The Colonial Fleets Forums are run by Battlestar Galactica fans, paid for by Battlestar Galactica fans, for the enjoyment of fellow Battlestar Galactica fans.



©2000-2008 Colonial Fleets