Tv Tower bids...

[Graham F]

they have had 15 bids for them so far, it looks like my bid for £300 is a bit low though

[Escapee]

Originally Posted by Scooby

they have had 15 bids for them so far, it looks like my bid for £300 is a bit low though

Should save a few more from being made redundant, it will enable them to swallow the losses for a bit longer.

They tried to sell this lot as a last ditch effort before they admitted their problems and went into chapter 11.

[Graham F]

So i take it you think they should keep them then?

I do love your positive outlook on things though

[Escapee]

Originally Posted by Scooby

So i take it you think they should keep them then?

I do love your positive outlook on things though

What's the reason to sell, are they making a loss?

I guess they need the cash as they did last time they tried to sell them, it was the only part of the business making profit and the only bit worth selling back then!

[Graham F]

Originally Posted by Escapee

What's the reason to sell, are they making a loss?

I guess they need the cash as they did last time they tried to sell them, it was the only part of the business making profit and the only bit worth selling back then!

to reduce the overall debt and then that would reduce the repayments, called sensible business. Unlike what they did when they got into debt!!!

It also makes the possible merger with Telewest, as that would of been the odd part of the companies...

[Escapee]

Originally Posted by Scooby

to reduce the overall debt and then that would reduce the repayments, called sensible business. Unlike what they did when they got into debt!!!

It also makes the possible merger with Telewest, as that would of been the odd part of the companies...

The broadcast guys will probaly be pleased in general, I worked on a couple of projects with the guys at Crawley Court and they were not happy with CableTel buying them.

There was a large turnover of employees at one time as they tried to cut their wages and force them to sign new contracts taking away many of their benefits.

And thats how they were treating employees in the only division that was making a profit.

It was a shame really because they were seen as a very professional organisation with a lot of respect for many years before tha yanks came in, bought them and stole their name!

[Graham F]

Hardly stealing their name is it if they bought them

Always sooo negative, it kinda gets boring you saying the same thing, pharsed differently in different threads

[Escapee]

Originally Posted by Scooby

Hardly stealing their name is it if they bought them

Always sooo negative, it kinda gets boring you saying the same thing, pharsed differently in different threads

It's OK I can live with you saying that if it's the truth, I'm not going to defend it!

Just tell me I'm wrong when they announce the latest redundancies (around 90) before the end of this month!

[orangebird]

Originally Posted by Escapee

It's OK I can live with you saying that if it's the truth, I'm not going to defend it!

Just tell me I'm wrong when they announce the latest redundancies (around 90) before the end of this month!

But that's nothing to do with Broadcast though.....

[Graham F]

Originally Posted by Escapee

It's OK I can live with you saying that if it's the truth, I'm not going to defend it!

Just tell me I'm wrong when they announce the latest redundancies (around 90) before the end of this month!

wrong abt what you haven't said anything abt much in this thread other than they are selling Broadcast cos they need the money, whihc they do cos they still owe £3.2bn. ..i might of missed your other point

[Escapee]

Originally Posted by orangebird

But that's nothing to do with Broadcast though.....

I know they are nothing to do with Broadcast orangebird, but the latest ones that will be announced soon are another cost cutting plan.

The irony of the latest jobs that will be going is that most of them were created in a previous cost cutting plan, when they were cutting costs they increased managers fourfold in that department! now they realise 18 months on that they have more managers than they need.

Oh, and there are more apart from the ones that I told you about in the PM orangebird, I haven't mentioned them yet cos they are rumours at this point.
I have been carefull not to post because people may get upset about it.

[Graham F]

thats all well and good but has nothing to do with this thread, if you want to talk abt job cuts or managers please do so via PM or start your own thread

[Escapee]

Originally Posted by Scooby

thats all well and good but has nothing to do with this thread, if you want to talk abt job cuts or managers please do so via PM or start your own thread

Business losing money as a whole, sell the only bit that is making a profit = money to prop up the losses from the rest of the division.

Basically what I have been trying to say all the long in this thread, the sale goes hand in hand with all the redundancy cuts to keep their heads above water.
They couldn't sell it last time, and I thought it was at a knock down price then!

[bigitup_j]

no point ntl keeping the Broadcast arm for the company, seeing as ntl want to concentrate on their cable network. an extra £1.2 billion to pay off debt will help ntl make more money, because then there will be lower debt repayments and interest repayments.
have have obviously thought about what they are doing, they must believe that they'll save more money selling it than keeping it.

now just £2billi on of debt left. what's left to sell now

[Pierre]

Business losing money as a whole, sell the only bit that is making a profit = money to prop up the losses from the rest of the division.

Sorry but you are very wrong there. Broadcast makes a nice "little" profit but no where near as much as Home. In fact only 18% compared to home.

Q2 2004 Results attached

http://www.ntl.com/locales/gb/en/inv...rts/2004-2.pdf

Broadcast is no longer viewed as a core business and is virtually noe already sepaerated from the company in all but name.

The money raised will improve the balance sheet of the company and increase cash flow for future investment possibilities.

It is a wise move, to raise further cash without borrowing.

Yes, there may be further redundancies in ntl. There are redundancies all the time. Nothing major. But the company is continually
re-organising and small numbers of redundancies will always happen.

As well as continual redundancies, there is also continual hiring of people also you know. But you don't get people on here complaining of that