Thursday, January 30, 2020
Cheap
$21,800,000
Dazzingly re-imagined for the 21st Century, the breathtaking Le Petit Trianon is inspired by the original world-renowned Chateau at the Versailles Palace in France, which was constructed between 1763 and 1768 by King Louis XV. The iconic, historically irreplaceable facade of Le Petit Trianon is one of the world's most recognizable images. Designated as both a San Francisco as well as a National Historical Landmark,and considered one of the City's architectural masterpieces, this extraordinary monument has been host to a glittering array of some of the most important social, cultural, artistic and philanthropic events in San Francisco history. Evocative of another era of 18th-Century grandeur, this timeless masterpiece has seen yet another unforgettable re-incarnation in its legendary history by the 2019 San Francisco Decorator Showcase for a glamorous and contemporary lifestyle...truly one of the world's most extraordinary private historical residences...
Wednesday, January 29, 2020
End of an Era
Buffett sells World-Herald, other newspapers to Lee Enterprises
By Kevin Cole / World-Herald staff writer Jan 29, 2020
By Kevin Cole / World-Herald staff writer Jan 29, 2020
Lee Enterprises announced Wednesday that it is buying the Berkshire Hathaway newspaper operations, including The Omaha World-Herald.
Kevin Mowbray, president and chief executive officer of Lee Enterprises, said Berkshire Hathaway will finance all debt. The deal adds 31 local daily news publications to the company's holdings. In 2018, Lee Enterprises, which is based in Davenport, Iowa, announced it would take over management of The World-Herald and other papers that had been assembled into the BH Media Group.
Kevin Mowbray, president and chief executive officer of Lee Enterprises, said Berkshire Hathaway will finance all debt. The deal adds 31 local daily news publications to the company's holdings. In 2018, Lee Enterprises, which is based in Davenport, Iowa, announced it would take over management of The World-Herald and other papers that had been assembled into the BH Media Group.
Warren Buffett, Berkshire Hathaway’s chairman and CEO, said, “My partner Charlie Munger and I have known and admired the Lee organization for over 40 years. They have delivered exceptional performance managing BH Media’s newspapers and continue to outpace the industry in digital market share and revenue.
"We had zero interest in selling the group to anyone else for one simple reason: We believe that Lee is best positioned to manage through the industry’s challenges."
A press release from Lee Enterprises said Lee is acquiring BH Media Group’s publications and The Buffalo News for $140 million in cash.
The deal ends local ownership of The World-Herald, which was founded in 1889.
"Berkshire Hathaway is providing approximately $576 million in long-term financing to Lee at a 9% annual rate," the press release reads. "The proceeds from the Berkshire financing will be used to pay for the acquisition, refinance Lee’s approximately $400 million of existing debt and provide enough cash on Lee’s
"We had zero interest in selling the group to anyone else for one simple reason: We believe that Lee is best positioned to manage through the industry’s challenges."
A press release from Lee Enterprises said Lee is acquiring BH Media Group’s publications and The Buffalo News for $140 million in cash.
The deal ends local ownership of The World-Herald, which was founded in 1889.
"Berkshire Hathaway is providing approximately $576 million in long-term financing to Lee at a 9% annual rate," the press release reads. "The proceeds from the Berkshire financing will be used to pay for the acquisition, refinance Lee’s approximately $400 million of existing debt and provide enough cash on Lee’s
balance sheet to allow for the termination of Lee’s revolving credit facility. Subsequent to the deal closing, Berkshire Hathaway will be Lee’s sole lender," according to the press release.
In the 2018 account of the agreement putting Lee in charge of the management of BH Media, World-Herald reporter Steve Jordon noted that BH Media accounted for a tiny fraction of Berkshire Hathaway’s $242 billion in revenue.
BH Media’s holdings also include the Richmond Times-Dispatch in Virginia and the Tulsa World in Oklahoma, along with dailies in North Platte, Kearney and Grand Island.
Lee owns the Lincoln Journal Star. Its portfolio includes properties in St. Louis; Madison, Wisconsin; Davenport, Iowa; Billings, Montana; Bloomington, Illinois; and Tucson, Arizona.
The addition of the BH Media newspapers will increase Lee's portfolio of daily papers from 50 to 81, and it will nearly double its audience size.
Mary Junck, Lee’s chairman, said, “This is a compelling and transformative transaction for Lee. It both refinances our long-term debt on attractive terms and provides new revenue opportunities as well as operational synergies across an expanded portfolio.
"We have enjoyed a strong, long-term relationship with Berkshire Hathaway, which has been a significant investor across our capital structure for years. As manager of BH Media for the past 18 months, we have developed a deep knowledge of these properties and tremendous respect for their operators. We know first-hand the power this acquisition brings for further accelerating our industry-leading digital revenue growth while maintaining our focus on delivering high-quality local news.
In the 2018 account of the agreement putting Lee in charge of the management of BH Media, World-Herald reporter Steve Jordon noted that BH Media accounted for a tiny fraction of Berkshire Hathaway’s $242 billion in revenue.
BH Media’s holdings also include the Richmond Times-Dispatch in Virginia and the Tulsa World in Oklahoma, along with dailies in North Platte, Kearney and Grand Island.
Lee owns the Lincoln Journal Star. Its portfolio includes properties in St. Louis; Madison, Wisconsin; Davenport, Iowa; Billings, Montana; Bloomington, Illinois; and Tucson, Arizona.
The addition of the BH Media newspapers will increase Lee's portfolio of daily papers from 50 to 81, and it will nearly double its audience size.
Mary Junck, Lee’s chairman, said, “This is a compelling and transformative transaction for Lee. It both refinances our long-term debt on attractive terms and provides new revenue opportunities as well as operational synergies across an expanded portfolio.
"We have enjoyed a strong, long-term relationship with Berkshire Hathaway, which has been a significant investor across our capital structure for years. As manager of BH Media for the past 18 months, we have developed a deep knowledge of these properties and tremendous respect for their operators. We know first-hand the power this acquisition brings for further accelerating our industry-leading digital revenue growth while maintaining our focus on delivering high-quality local news.
"We look forward to capturing the tremendous value of this transaction for readers, advertisers and shareholders.”
Surprisingly still available
$3,895,000
HALF MILLION PRICE REDUCTION!!! Overlooking NE Valley presides one of the most unique properties of architectural splendor. From renowned architect Charles Johnson & Builder Phil Smith, a Southwest masterpiece of design & engineering; incorporating both old world pueblo & southwest contemporary style. Sitting atop a rolling ridge line,15 GATED ACRES of ultimate security & privacy. Over 11,560 sf livable (1700 sf under roof), large areas for entertaining while integrating intimate areas for relaxation & tranquility. City light views, disappearing doors of glass, infinity pool, spa, multiple patios, Chef's kitchen/butler pantry,Master & guest suite / kitchen in main house, pool bath, workout room, safe room, office. Separate 2 guest casitas /full baths /private patios.
Enjoy the beauty & serenity of living in one of the Valley's awe-inspiring estates.
Friday, January 17, 2020
Reduced
$2,625,000
REAL SELLER,
LOOKING FOR A REAL BUYER
JUST TRY TO IMAGINE THE VIEWS from high on Black Mountain: Dramatic, 12 million-year-old boulders you can almost touch. Purple mountains, 50 miles away. And the vast Valley floor in between. Within the home, the light and bright kitchen & family rooms have been remodeled in the spirit of a French Country Farmhouse. The spacious formal living & dining rooms are perfect for large parties. Off to the side, a cozy paneled bar provides an intimate room for great conversations or enjoying your favorite cocktail. The lower level has been extensively remodeled and includes beautiful guest quarters, a full kitchen and private entrance, and a large family room. And every night, you will love the mesmerizing galaxy of city lights, dancing across the valley to the distant horizon.
Thursday, January 16, 2020
I’m Rich!
My Greetings to you and your family,
Although, I am not comfortable discussing the content of my mail on
the Internet. And knowing to lots of unsolicited/Spam mails on the net
nowadays. However, I have made up my mind to Will my late Husband's
fund to you so you can use it for charity duties and good work to
humanity in your community or country.Please you have to know that
before I emailed I really prayed and the lord lead me to contact you,
please do not take it for granted. You have a nice and good heart and
I am convinced that you will make good use of the fund that will be
transferred to you. The Amount is relatively huge, but please get back
to me for further instructions and details. I will definitely
enlighten you more as soon as I hear from you.
Best of wishes to you and your family,
Mrs. Rania Hassya Takahara
Chief Director of H.T WorldWide Companies.
Tuesday, January 14, 2020
Sunday, January 12, 2020
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