OPUBCO to be sold

[UnFrSaKn]

http://newsok.com/opubco-to-be-sold/...ad_story_title

Published: September 15, 2011

For over 108 years the Gaylord and Dickinson families have controlled The Oklahoma Publishing Company, locally known as OPUBCO. According to Christy Everest, Chairman and CEO of OPUBCO, that will change in early October when all of the stock of OPUBCO will be sold to The Anschutz Corporation, owned by Denver-based businessman Philip Anschutz.

[Steve]

heh heh.... it's a brave new world now.

[Skyline]

Wow!!

[Just the facts]

It will be interesting what the Gaylord family does with all the money and no more business interest. They are going to have to spend it somewhere. I hope it is on downtown housing, hotel, and retail. A certain 1 million sq foot building comes to mind. Anyone care to live/work/play at The Gaylord Tower?

[Pete]

HOLY COW!! Wow, what a stunning turn of events.

Anschutz is one of the richest men in the world and owns lots of sports teams (L.A. Kings, MLS teams) and arenas (Staples Center and Spirit Center in KC). He also owns newspapers in SF, Baltimore and Washington.

If anything, he is even more socially ultra-conservative than the Gaylords, having bank-rolled lots of anti gay marriage initiatives and supporting a foundation that openly challenges evolution.

[ou48A]

OPUBCO to be sold

For over 108 years the Gaylord and Dickinson families have controlled The Oklahoma Publishing Company, locally known as OPUBCO. According to Christy Everest, Chairman and CEO of OPUBCO, that will change in early October when all of the stock of OPUBCO will be sold to The Anschutz Corporation, owned by Denver-based businessman Philip Anschutz. The Anschutz Corporation will be acquiring all the assets which OPUBCO owns or has an interest in, including: The Oklahoman, NewsOK.com, the corporate headquarters building, the printing facilities and all associated real estate; Pavestone LLC, headquartered in Dallas, a leading manufacturer of concrete pavers, retaining walls, and other landscaping materials with manufacturing plants in 18 cities; De Wafelbakkers LLC, a fast growing breakfast food company based in Little Rock, with manufacturing plants in Arkansas and Georgia; The Broadmoor Hotel, a 5-star, 5-diamond 744-room resort in Colorado Springs, set at the foot of the Rocky Mountains featuring championship golf, world class spa and a full service tennis program; Manitou & Pike’s Peak Railway Company, the world’s highest railway that travels to the top of Pike’s Peak; the Hyatt Regency Lost Pines Resort & Spa, a 500-room resort hotel, spa and 18-hole golf course located east of Austin along the Colorado River; numerous other real estate holdings in Oklahoma and Colorado; water rights underlying the Greenland Ranch in Douglas County, Colorado consisting of 1.5 million acre feet of subsurface water; an aviation company in Oklahoma City; a 100 piece collection of artwork by the Western Masters; and an interest in Suddenlink Communications, the nation’s seventh largest cable broadband company serving approximately 1.4 million residential customers and thousands of commercial customers in the southwest region of the country, among other items.

“Mr. Anschutz approached us with a unique offer in early June. Our Board of Directors had to consider his proposal seriously and from several different perspectives – that of our 254 supportive and patient shareholders, our thousands of employees, the communities in which we operate, the legacies of the Gaylord and Dickinson families, and the general wellbeing of OPUBCO itself. This transaction will not cause OPUBCO to disappear - rather, only the ownership will change. There are amazing similarities between the interests and conservative values of The Anschutz Corporation and those of OPUBCO,” said Mrs. Everest. “Mr. Anschutz’s stewardship of OPUBCO’s properties will carry the company’s 108 year history well into the future. His roots lie in ranching and oil and gas exploration, and his holdings have expanded into publishing and hotel properties. His interests are remarkably consistent with the interests developed by our family over the last three generations, right down to his love of the West and western values.”

Click here to read the complete article at NewsOK.com.

Read more from this Tulsa World article at http://www.tulsaworld.com/news/artic...0_Forove725215

[Rover]

This came from left field.

How does this impact their reportedly controlling of OKC, Maps, etc? Will they still be part of the big collusion or will the new owners root out all the evil doings?

[BG918]

It will be interesting what the Gaylord family does with all the money and no more business interest. They are going to have to spend it somewhere. I hope it is on downtown housing, hotel, and retail. A certain 1 million sq foot building comes to mind. Anyone care to live/work/play at The Gaylord Tower?

Maybe another big expansion at Gaylord Oklahoma Memorial Stadium? Another new building at OU perhaps?

I honestly didn't realize OPUBCO was so large and encompassed so many different companies including Pavestone, which is one of the largest paver companies in the U.S. if not the world.

[Just the facts]

Maybe another big expansion at Gaylord Oklahoma Memorial Stadium? Another new building at OU perhaps?

They need to have a source of income. Naming buildings at OU is a cost. The money they make from the sale has to be spent somewhere. This has got to be close to a billion dollar transaction if not more.

[Pete]

Isn't it strange they are selling EVERYTHING to him? You would think they would want to keep some properties and businesses...

They are going to be coming into some huge amounts of cash with no business interests at all. Christy Everest is a a very sharp person and only around 50 years old.

Perhaps Anschutz basically said, "I'll take over your failing publishing business but I want everything else, too." They probably couldn't pass up the opportunity to dump the Oklahoman and had to give up everything else in order to get him to buy it.


So now, two big questions: 1) what do the Gaylords do with all this money; and 2) what are Anschutz's intentions?

Here's hoping that this means more money being invested into OKC.

[Spartan]

They need to have a source of income. Naming buildings at OU is a cost. The money they make from the sale has to be spent somewhere. This has got to be close to a billion dollar transaction if not more.

Shocking for a worthless newspaper, eh?

[Soonerus]

any guesses on the total package price ??

[Just the facts]

So now, two big questions: 1) what do the Gaylords do with all this money; and 2) what are Anschutz's intentions?

Answers:

1) Hopefully invest in downtown OKC
2) Did anyone tell him about OKCs fund to reward companies for moving to OKC?

[Swake2]

Isn't it strange they are selling EVERYTHING to him? You would think they would want to keep some properties and businesses...

They are going to be coming into some huge amounts of cash with no business interests at all. Christy Everest is a a very sharp person and only around 50 years old.

Perhaps Anschutz basically said, "I'll take over your failing publishing business but I want everything else, too." They probably couldn't pass up the opportunity to dump the Oklahoman and had to give up everything else in order to get him to buy it.


So now, two big questions: 1) what do the Gaylords do with all this money; and 2) what are Anschutz's intentions?

Here's hoping that this means more money being invested into OKC.

Anschutz lives in Denver, owns pro teams in LA and is a big University of Kansas booster (and grad). He will have little to no local focus.

[okcisok]

heh heh.... it's a brave new world now.

Steve, here's hoping your trip to the brave new world is a smooth one. That is, if you want to go.

[hewi]

1)"He started the Examiner in early 2005 as local competition to The Washington Post, but with a clear ideological stamp. When it came to the editorial page, Anschutz’s instructions were explicit — he “wanted nothing but conservative columns and conservative op-ed writers,” said one former employee. And recently the paper’s politics have become more pronounced while adding a stable of writers plucked from conservative outlets and think tanks, including chief political correspondent Byron York (National Review), senior political analyst Michael Barone (American Enterprise Institute, Fox News) and investigative reporter David Freddoso (National Review, author of “The Case Against Barack Obama”)"

Wow, Really?


2)Wonder how many jobs are moving to Denver from other OPUBCO holdings?

http://www.politico.com/news/stories/1009/28355.html

[OKCTalker]

Christy is close to age 60, but certainly looks & acts 10 years younger.
They didn't sell anything in Nashville that I saw.
They were hoping to develop a large resort between Denver and Denver Int'l Airport - didn't see that either.
And I doubt that their quiet philanthropic efforts will change.

There's a lot about OPUBCO and the Gaylord family that people don't know.

[betts]

HOLY COW!! Wow, what a stunning turn of events.

Anschutz is one of the richest men in the world and owns lots of sports teams (L.A. Kings, MLS teams) and arenas (Staples Center and Spirit Center in KC). He also owns newspapers in SF, Baltimore and Washington.

If anything, he is even more socially ultra-conservative than the Gaylords, having bank-rolled lots of anti gay marriage initiatives and supporting a foundation that openly challenges evolution.

Great. He and Steve Kern will be BFFs. Maybe the Reverend can use the letters to the editor page of the Oklahoman, instead of clogging up the Gazette page.

[Pete]

Anschutz lives in Denver, owns pro teams in LA and is a big University of Kansas booster (and grad). He will have little to no local focus.

He owns teams and has significant investments all over the world.

At the very least, I bet he's going to look long and hard at putting an MLS team and facility in OKC.

[RadicalModerate]

Hopefully, the buyer has no known association with YUM foods.

[Just the facts]

Christy is close to age 60, but certainly looks & acts 10 years younger.
They didn't sell anything in Nashville that I saw.
They were hoping to develop a large resort between Denver and Denver Int'l Airport - didn't see that either.
And I doubt that their quiet philanthropic efforts will change.

There's a lot about OPUBCO and the Gaylord family that people don't know.

I am pretty sure the Gaylords divested themselves and OPUBCO from Gaylord Entertainment/Hotels about 10 years ago. Gaylord Entertainment was spun-off from OPUBCO in 1991 although some Gaylord family memebers owned significant stock amounts in the new company. Earlier this year they sold a lot of their personal stock in Gaylord Entertainment.

[Larry OKC]

wow

[Larry OKC]

I am pretty sure the Gaylords divested themselves and OPUBCO from Gaylord Entertainment/Hotels about 10 years ago. Gaylord Entertainment was spun-off from OPUBCO in 1991 although some Gaylord family memebers owned significant stock amounts in the new company. Earlier this year they sold a lot of their personal stock in Gaylord Entertainment.

Aren't the hotel resort complexs mentioned in the story owned by Gaylord Entertainment???

[Just the facts]

Aren't the hotel resort complexs mentioned in the story owned by Gaylord Entertainment???

No, they are owned by OPUBCO. Gaylord Hotels is owned by Gaylord Entertainment which is a stand-alone company spun off from OPUBCO in 1991 and is based in Nashville.

[MrZ]

Great, looks like the Oklahoman is going to go from conservative to ultra-conservative now. Hope it dies a quick death.