HSBC is being outed NOW on CBS "60 Minutes" for aiding felonious US tax evasion

[JonLP24]

42. Outed NOW?

Or I'll watch but they were outed months ago. The "Swiss Leaks".

There is a Private Equity firm that has a lot of the major defense contractors (CIA fronts) -- Cerberus Capital Management purchased Four Points Media Groups from CBS but what I can't tell but looks to be the case independent affiliates using the CBS logo.

Four Points Media Group was a holding company owned by Cerberus Capital Management, established in 2007 to serve as a buyer for 7 television stations formerly owned by CBS Corporation.

The company took over the day-to-day operations of the stations via local marketing agreements on June 25. The acquisition of the stations was granted FCC approval on November 21, 2007 and closed on January 10, 2008.[1]

KUTV, the CBS affiliate in Salt Lake City, served as the master-control hub facility for Four Points' stations. As such, it served as the "flagship" station of the group. KEYE-TV in Austin, Texas, the other CBS affiliate owned by Four Points, was the only station not controlled by the KUTV hub facility.

On March 20, 2009, Four Points reached an agreement with Nexstar Broadcasting Group to take over operations of the stations through local service agreements (LSAs).[2]

On September 8, 2011, Sinclair Broadcast Group announced its intent to purchase Four Points Media Group from Cerberus Capital Management for $200 million. Sinclair began managing the stations in October 2011 through time brokerage agreements and would supply working capital to the stations in consideration of service fees and performance incentives through the LMAs, prior to closing of the acquisition.[3] The deal was approved by the Federal Communications Commission (FCC) on December 21, and closed on January 1, 2012.[4]

https://en.wikipedia.org/wiki/Four_Points_Media_Group

Sinclair Buys Four Points Media Group for $200 million (2011)

<snip>

Sinclair is buying the group, which includes five full-power and two low-power stations, from Cerberus Capital Management. Cerberus acquired the stations from CBS in 2008, paying $185 million. Veteran broadcaster Dick Reingold advised Cerberus on the acquisition and ran the group for several months before Cerberus contracted with Nexstar in early 2009 to take over management of the group.

At the time of that deal — the recent pinnacle of broadcast M&A — multiples ranged from 11 to 14 times cash flow for sellers. Sources familiar with current broadcast M&A speculate that McGraw-Hill’s asking price for its four stations represents about a 10X multiple of the roughly $20 million in blended 2010-11 cash flow the stations are expected to generate.

Amy said Sinclair expects the Four Points acquisition to be quickly accretive and projected Sinclair will be able to grow the Four Points stations’ free cash flow “on a low teen [percentage] basis” in short order.

He noted that the stations are “in prime middle markets” and “a perfect complement to our already dominant middle market footprint.”

The Four Points group encompasses five full-power stations: KUTV (CBS) and KUSG (RTN) in Salt Lake City (DMA 33); WTVX (CW), in West Palm Beach, Fla. (DMA 38); KEYE (CBS) in Austin, Texas (DMA 49); and WLWC (CW) in Providence, R.I. (DMA 52); and two low-powers — WTCN-CA (MNT) and WWHB-CA (Azteca), both in West Palm.

Sinclair has 46 stations in markets ranging from Tampa-St. Petersburg (DMA 14) to Peoria-Bloomington (DMA 116). Most, as Amy observed, are in midsize markets.

Amy noted that the Salt Lake City and Austin stations are in state capitals, already transmit in HD and should require little in capital expenditures.

http://www.tvnewscheck.com/article/53840/sinclair-buys-four-points-media-for-200m

Outside of money I'm not sure there is a connection but no one follows the money or so vast and disconnected probably practically impossible outside of transactions summaries. My point here mainly is I'm willing bet Cerberus money is in there somewhere and some of their money is going to independent CBS affiliates so I wonder if there is connection between the delay (Swiss Leaks were in February) or the current outing. Really don't pay it no mind, just extra information.

Anyway this is some of the Investment's firm (like a Carlyle Group) recent transactions.

On October 27, 2011 Cerberus and Chatham Lodging Trust closed their purchase of Innkeepers USA Trust for $1.02 billion. Innkeepers operates hotels, including the Marriott, Hyatt, Hilton, and other brands.[21]

On October 19, 2011 J.P. Morgan Worldwide Securities Services announced that it was selected by Cerberus Capital Management, to provide fund administration and related securities services for Cerberus investment funds.[22]

On October 4, 2011, Cerberus and Garanti Securities announced the formation of a joint initiative to pursue investments in Turkey with an initial commitment of $400 million.[23]

On May 16, 2011, an affiliate of Cerberus agreed to acquire the U.S.-based global billing and payments unit of 3i Infotech Ltd. for $137 million.[24]

On May 16, 2011, Cerberus completed the acquisition of Silverleaf Resorts, for $2.50 in cash per share.[25]

On March 31, 2011, Cerberus acquired a real estate portfolio consisting of 45 Metro Cash & Carry properties in Germany from the three major shareholders of Metro AG.[26]

On March 17, 2011, Cerberus acquired the senior bank debt and completed a debt restructuring of Maxim Office Park, a one million square foot office and logistics complex located between Glasgow and Edinburgh, Scotland.[27]

On November 19, 2010, Cerberus and Drago Capital acquired a real estate portfolio of 97 bank branches from Spain’s fourth largest financial group, Caja Madrid, in a 25-year lease back transaction.[28]

In June 2010, Cerberus agreed to sell Talecris to Spain’s Grifols S.A. The transaction closed on June 1, 2011 at a value of 4.2 billion.[29]

On April 12, 2010 Cerberus acquired the private government services contractor DynCorp International for approximately $1 billion and the assumption of $500 million of debt.[30]

In March 2010, Cerberus agreed to buy New England’s largest community-based health-care system Caritas Christi Health Care for $830 million. Caritas Christi was rebranded Steward Health Care in November 2010.[31]

In March 2010, Cerberus was the lead investor that gained an ownership stake in Panavision as part of a debt restructuring agreement with shareholder MacAndrews & Forbes, the holding company of billionaire Ronald Perelman.[32]

On March 10, 2010, Cerberus entered into a financing deal with GeoEye in which the firm would provide the satellite imagery company funds of up to $215 million.[33][34]

https://en.wikipedia.org/wiki/Cerberus_Capital_Management