![]() |
![]() |
![]() |
||||
Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
![]() ![]() |
|
Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
|
Thread Tools |
![]() |
#1 |
HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
|
Breaking News: New Frontier Media To Be Acquired By LFP Broadcasting
BOULDER, COLO. AND LOS ANGELES, OCT. 15, 2012 -- New Frontier Media, Inc. (NasdaqGS: NOOF), a leading provider of transactional television services and distributor of general motion picture entertainment, today announced that the Company has signed a definitive agreement to be acquired by LFP Broadcasting, LLC, an affiliate of L.F.P., Inc., the company founded and headed up by Larry Flynt, for $2.02 per common share in cash up front, or approximately $33 million, plus a contingent cash payment right for each common share. The acquisition price represents approximately a 79% premium to New Frontier Media's closing stock price on March 8, 2012, the day before New Frontier Media received a publicly-announced unsolicited acquisition proposal. The acquisition is expected to close during the fourth quarter of 2012.
The announcement follows a comprehensive review of strategic alternatives to maximize shareholder value undertaken by the special committee of independent members of New Frontier Media's Board of Directors. Earlier this year, after receiving unsolicited expressions of interest, New Frontier Media formed a special committee and retained financial and legal advisors to evaluate strategic and financial alternatives. After a thorough assessment, the special committee unanimously recommended and the Board of Directors unanimously approved the agreement. The Board of Directors unanimously recommends that New Frontier Media's shareholders tender their shares in the tender offer. The New Frontier Media Board of Directors issued the following statement commenting on the announcement: "This announcement represents a very positive outcome for our shareholders, who will receive complete liquidity for their shares at a very significant premium. We also believe that this transaction with LFP Broadcasting creates a great opportunity for our organization, cable television partners and customers as two of the premier adult media broadcasting companies join forces." "The acquisition of New Frontier Media fits perfectly with our strategic plan for the growth of our company," said LFP President Michael H. Klein. "The addition of these assets to our portfolio strengthens us significantly moving forward." Under the terms of the agreement, an affiliate of LFP Broadcasting will commence a cash tender offer for all issued and outstanding shares of New Frontier Media common stock at $2.02 per share, without interest. New Frontier Media shareholders may also be entitled to receive additional contingent cash payments, not to exceed $0.06 per common share, tied to the extent to which New Frontier Media's available cash balance at the closing of the tender offer, less unpaid transaction expenses, exceeds $11,514,000. The merger agreement requires that the tender offer commence within 10 business days of October 15, 2012. The tender offer will expire at midnight Eastern Time on the 20th business day following and including the commencement date, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC). The consummation of the tender offer is subject to the satisfaction or waiver of certain conditions, including: (i) a majority of outstanding New Frontier Media shares on a fully diluted basis having been tendered into the offer and not validly withdrawn, (ii) there not having been a material adverse change with respect to New Frontier Media, (iii) New Frontier Media having not less than $11,514,000 in cash, and (iv) other customary conditions. The tender offer is not subject to a financing condition. The tender offer, if successful, will be followed by a second-step merger in which any shares of New Frontier Media not tendered into the offer will be converted into the right to receive the same per share consideration paid to New Frontier Media shareholders in the tender offer, subject to shareholders' dissenters' rights under Colorado law. As a result of the transaction, New Frontier Media's common stock would no longer be publicly-owned or traded on the NASDAQ market. Further details will be provided in filings with the SEC. Avondale Partners LLC is acting as exclusive financial advisor to the Special Committee of the Board of Directors of New Frontier Media in connection with its review of strategic alternatives and the transaction and has rendered a fairness opinion to the Special Committee in connection with the transaction. Alston + Bird LLP is acting as legal advisor to the Special Committee. Holland & Hart LLP is acting as legal advisor to the Company. Lipsitz Green Scime Cambria LLP and Dinsmore & Shohl LLP are acting as legal advisors to LFP Broadcasting in connection with the transaction. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#2 |
I am Amazing Content!
Industry Role:
Join Date: Feb 2004
Posts: 39,828
|
sig spot
__________________
AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#3 |
SZNY
Industry Role:
Join Date: May 2004
Location: Sexy Republic
Posts: 2,800
|
woow congrats LFP, that's great news
![]()
__________________
Telegram: sandroanthonio |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#4 |
So Fucking Banned
Industry Role:
Join Date: Feb 2006
Posts: 26,062
|
Breaking news: some serious ish is happenin with accounts on gfy. There needs to be an intervention man
![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#5 |
working on my tan
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
|
free matyko!
. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#6 |
Industry Role:
Join Date: Mar 2003
Location: San Diego
Posts: 32,243
|
COngratz Theo!
__________________
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#7 |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2002
Posts: 34,431
|
wow, a multi billion dollar business deal in porn and Manwin isn't involved - there is a God.
look at all the shyster lawyers with their snouts in the trough in that deal
__________________
I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#8 |
Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
|
![]() Not possible.
It was not announced/investigated by mike south and his blog 6 months in advance. ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#9 |
So Fucking Banned
Industry Role:
Join Date: Feb 2006
Posts: 26,062
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#10 |
I am Amazing Content!
Industry Role:
Join Date: Feb 2004
Posts: 39,828
|
__________________
AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#11 |
Webmaster
Industry Role:
Join Date: Mar 2007
Location: BP4L - NL/RO
Posts: 16,572
|
free matyko!
__________________
Enroll in the SWAG Affiliate Asian Live Cam Program and get 9 free quality linkbacks from my network! ![]() Wanna see how old school I am? Look at this! ![]() ![]() ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#12 |
Porn Pusher
Industry Role:
Join Date: Jul 2007
Location: It's a dry heat
Posts: 13,341
|
Hope they do well with this acquisition ...
__________________
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#13 |
Pay It Forward
Industry Role:
Join Date: Sep 2005
Location: Yo Mama House
Posts: 77,225
|
__________________
TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#14 |
Confirmed User
Industry Role:
Join Date: Mar 2008
Location: Miami
Posts: 5,527
|
Congrats to LFP!
__________________
| skype: getscorecash | ICQ: 59-271-063 |
New Sites: | SCORELAND2 | Roku Channel SCORETV.TV | 60PLUSMILFS | | Big Tit Hooker | Tits And Tugs | Big Boobs POV | Karla James | | Naughty Foot Jobs | Linsey's World | Busty Arianna Sinn | Get SCORE Cash | |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#15 |
GOO!
Industry Role:
Join Date: Sep 2002
Location: Back Home : )
Posts: 9,768
|
Great news, this is a smart move for LFP. The broadcasting market isn't a bad one to be in right now.
![]()
__________________
Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has." |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#16 |
Confirmed User
Industry Role:
Join Date: Aug 2005
Location: YUROP
Posts: 8,610
|
hm maybe they will start something with smart bucks?
![]()
__________________
![]() Anal Webcams | Kinky Trans Cams Live | Hotwife XXX Tube | Get your Proxies here |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#17 | |
Purveyor, Fine Asian Porn
Industry Role:
Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
|
![]() In like... ![]() ![]() I thought that Manwin was trying to buy New Frontier not so long ago (source: front page of Manwin.com website today - under Latest Press Release): Quote:
![]() ![]() ADG |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#18 |
Octopus Anime
Industry Role:
Join Date: Sep 2007
Location: Chicago
Posts: 1,064
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#19 |
2011 GFY Hall of Fame!
Industry Role:
Join Date: Nov 2000
Location: Back in Texas!
Posts: 15,224
|
Looks like Manwin got biz cock blocked by Hustler...
![]()
__________________
Looking for Opportunity! ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#20 |
Octopus Anime
Industry Role:
Join Date: Sep 2007
Location: Chicago
Posts: 1,064
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#21 |
I am Amazing Content!
Industry Role:
Join Date: Feb 2004
Posts: 39,828
|
i am pretty sure there is a very specific reason for this move that has not been mentioned here yet ;)
__________________
AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#22 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: My High Horse
Posts: 6,334
|
Now This one came outta nowhere
I knew NOOF was in play, I knew Manwin wanted it to use it as a backdoor to going public, I didn't expect LFP to be the one to cock block it. As I see it the reasons NOOF would be attractive is to use it to go public like manwin planned or to use it as an entry into the cable/ppV market Manwin already has that and If I am not mistaken so does LFP but in LFP case it might be nice to own that outlet outright to compete with Manwin/Playboy. I do not see LFP using it to go public but ya never know
__________________
Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#23 |
Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
|
Considering the failures of AFF, why would a porn company want to go public?
The only reason I can think of in the Manwin case is, as Nathan said in Vegas last year, they look at themselves like a Pink Visual. By that I mean, they seem themselves as more of a technology company than a porn business. If they are developing a mainstream side of the business, I can understand it. If not, it really doesn't make a lot of sense. ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#24 | |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: My High Horse
Posts: 6,334
|
Quote:
LFP is diverse enough probably to make for an attractive offering but I don't see Larry giving up control like that
__________________
Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz. |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#25 | |
FUBAR the ORIGINATOR
Industry Role:
Join Date: Jan 2002
Location: FUBARLAND
Posts: 67,374
|
Quote:
![]()
__________________
![]() FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#26 |
58008 53773
Industry Role:
Join Date: Jul 2005
Location: Australia
Posts: 9,864
|
Free Matyko
__________________
TripleXPrint on Megan Fox "I would STILL suck her pussy until her face caved in. And then blow her up and do it again!" |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#27 | |
lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#28 | |
So Fucking Banned
Industry Role:
Join Date: Sep 2012
Posts: 475
|
Quote:
![]() but I'd love to be that Lary Flynt. he's so awesome. |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#29 | |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: My High Horse
Posts: 6,334
|
Quote:
tonysporn inc is operating in the black (just barely) and has assets of a modest 1 million dollars if you do an IPO at 3 dollars a share (not unreasonable) of 499K of your 1M Shares You immediately raised 1.5 M cash at a cost of converting your assets from private to public. Now if you make poor decisions and piss away that 1.5M and the stock drops to 1 dollar a share, ya the offering is a failure...but you got your money.....ask Hugh hefner about how a dog stock can prop up your lifestyle.... On the flip side if you invest that money wisely and your company assets grow and your business grows and the price goes up....well nuff said. Ya its a tad over simplified but you get the point
__________________
Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz. |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#30 |
Court Jester
Industry Role:
Join Date: May 2003
Location: Budapest
Posts: 6,342
|
Interesting move since they already have Hustler TV.
__________________
Reality TV Star, AVN Hall of Fame, Five-Time XBIZ Winner 2021 XBIZ Europe Winner Best Director Site Promote the sites where members get paid to get laid by their favorite porn stars |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#31 |
Confirmed User
Join Date: Apr 2007
Posts: 1,245
|
new frontier media stock (noof) is up 34% in after-hours trading
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#32 |
I am Amazing Content!
Industry Role:
Join Date: Feb 2004
Posts: 39,828
|
__________________
AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#33 |
I Like Depth Of Field!
Industry Role:
Join Date: Jan 2003
Location: Las Vegas, NV, USA: 36.12318 N, 115.090219 W
Posts: 14,861
|
Wild news! ;-)
__________________
www.SexyGirlsCash.com CONTACT // FITZMULTI AT GMAIL.COM // {Please include a message so I know you are from GFY! I get too many spam "add requests"!} |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#34 | |
...
Industry Role:
Join Date: Apr 2003
Posts: 2,280
|
Quote:
Also I think there was something about some of the shareholders didn't want Manwin to get it |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#35 |
Femcams.com
Industry Role:
Join Date: Jul 2011
Location: bjcam.com
Posts: 12,223
|
i only believe news that is posted on mike south blog
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#37 |
Purveyor, Fine Asian Porn
Industry Role:
Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
|
![]() ![]() ADG |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#38 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: My High Horse
Posts: 6,334
|
i think Larry sent a clear message to Manwin here, message being this aint gonna be a one horse race.
Had Manwin gotten NOOF not only would they pretty much have a lock on broadcast Porn they would have had a backdoor to go public. Word at NOOF is many on the board didnt want Manwin at all because of the questionable origins of the money. Interestingly enough it may have been NOOF that approached Flynt about buying.
__________________
Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#39 |
So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: the beach, SoCal
Posts: 107,089
|
Congrats to the winners.
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#40 |
Next Step Entertainment
Industry Role:
Join Date: Sep 2006
Posts: 138
|
Thanks Kristen.
__________________
MHK Next Step Entertainment, LLC (T) 310-503-7592 email: [email protected] Skype:mhklein22 ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#41 |
Next Step Entertainment
Industry Role:
Join Date: Sep 2006
Posts: 138
|
__________________
MHK Next Step Entertainment, LLC (T) 310-503-7592 email: [email protected] Skype:mhklein22 ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#42 |
Porn Meister
Industry Role:
Join Date: Feb 2005
Posts: 16,443
|
Congrats to them! Always have admired Larry Flynt.
__________________
43-922-863 Shut up and play your guitar. ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |