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Media Central Corp. FBOP

Media Central Corporation Inc. is an independent and alternative media company situated to acquire and develop high-quality publishing assets, starting with the recent launch of CannCentral.com, a robust news, lifestyle and community cannabis platform curated for the human experience. Our strategic corporate team is composed of publishing, technology and capital markets professionals who are poised to deliver high-quality content, strategy and substantive value across a number of platforms.


GREY:FBOP - Post by User

Comment by PitchinPennieson Oct 30, 2020 8:31am
131 Views
Post# 31811806

RE:RE:RE:Dissident Letter

RE:RE:RE:Dissident LetterHey, RC. The bucaneers boarding the sinking ship Media Central don't strike me as knowing the first thing about publishing alt-weeklies, which makes this development a total head-scratcher. David Daniels seems to be an artsy type of older fellow who might think it would be fun to control a newspaper -- even an obviously doomed effort --  but the other guys look like they don't fit the bill at all. The biggest expenses at MC are Mr. Brain Knish and his four or five managers. Everything else is pretty much a fixed cost, and Mr. Knish isn't even providing essentials such as distribution of the weekly papers. The successful American alt-weekly publishers, notably Voice Media Group, have divested over the past five years, returning more than half their titles to independent local owners, and closing titles including the granddaddy of the genre, New York's Village Voice. There is one patsy, I mean "party," who might be interested in acquiring MC, and that's Michael Hollett, the co-founder of NOW. He's busy starting up a competing group of papers as we speak. He'd posssibly offer MC a token amount for sentimental reasons, which would be far less than the $3 million Mr. Knish paid 11 months ago. I'd say $100k for the two print titles might persuade Mr. Brain Knish to admit failure and just go away. That would a generous figure, under the circumstances. So that leads back to the earlier question: What is this dissident group thinking, running a hostile play for an entity with no practical value? 
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