| Operational Management |
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Industry: Hospitality Services business
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Situation: This struggling public company had a
long history of underperformance and conflicts of interest among
the board members and shareholders. The company needed to reevaluate
its operations to improve performance and develop a different style
of leadership to provide shareholders with confidence in the company.
Results: Provided a chief operating officer for
interim period as well as a chairman of the board. The resignations
of three board members were accepted and they were replaced with
industry-savvy board members. Service operations were brought in-house
and the marketing system expanded. The pricing systems were revised
and worked with a big six accounting firm to rescind a going-concern
opinion. The company is successfully operating today with many of
the same board members and a new CEO. Performance continues to improve.

Industry: Television programming holding company. Owned interest
in Discovery Channel, Turner Broadcasting, Prime Sports Networks,
BET, Home Shopping Network. Numerous Internet related ventures.
Situation: The company needed to pull together
a mix of sports properties to increase the overall value of the
sports holdings. The company also needed to maintain relationships
with the National Basketball Association, the National Hockey League,
and Major League Baseball. In addition the company needed to leverage
its position in programming to enhance shareholders value.
Results: A holding company was formed to consolidate
the sports interest. Including International networks, Star Prime
Sports, in Hong Kong, joint ventures with TFI and the launch of
additional networks in South America, South Africa, and Asia. The
Sports Interest was merged into a new and larger venture in 1996.
The venture continues to thrive.

Industry: Cable TV Company. The company was the largest Cable
Operator with over ten million subscribers also had very significant
holdings in Programming including Turner Broadcasting.
Situation: The company needed a strong presence
in the major leagues and team owners. Through numerous transactions,
the company needed to value and structure a sale of some holdings
to Time Warner.
Results: Turner Broadcasting was merged into Time
Warner, our team worked on valuations and negotiations related to
the professional teams involved. The transactions were completed
and the company was able to leverage considerable advantage.

Industry: Cable Television systems, and programming.
Situation: A major broadcasting company needed
to start up three sports networks in order to meet franchise agreement
commitments. The company was going through a Turn Around and need
self-reliant and efficient leadership to renegotiates the agreements
and reduces the losses.
Results: The company trimmed down properly staffed,
and sold to Houston Sports Association in 1984.

Industry: Major League Baseball
Situation: A professional baseball franchise needed
to know what potential the television rights would bring as well
as how to conclude a rights agreement with a major television company.
Results: The team struck a very favorable transaction
with Fox Sports
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