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Obama donor Leo Hindery Jr.’s Intermedia Partners behind Dick Metcalf?

Discussion in 'General Firearm Discussion' started by erudne, Nov 6, 2013.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    02/28/2013




    Employees of Obama donor Leo Hindery Jr.’s media conglomerate Intermedia Partners, which now owns most of the top gun-culture media outlets in the country, believe that Hindery plans to gut and destroy all of them as part of a business plan that has already led to numerous layoffs and the virtual shuttering of prominent television production facilities in Minnesota and Montana.
    Hindery, who was in consideration to be President Barack Obama’s secretary of commerce, is managing partner of Intermedia Partners. The New York-based media private equity fund owns Intermedia Outdoor Holdings, which publishes 17 hunting, fishing, and shooting magazines, including Guns & Ammo, Handguns, Gun Dog, Rifle Shooter and Shooting Times.
    InterMedia Outdoor Holdings purchased the pro-gun hunting and fishing network the Sportsman Channel in 2007, and is now in the process of acquiring the Outdoor Channel, pending the federal government’s approval of last month’s merger between InterMedia Outdoors and Outdoor Channel Holdings.

    InterMedia employees believe that Hindery, a Huffington Post blogger who has contributed to numerous Democratic politicians including Andrew Cuomo and Elizabeth Warren, is in the process of consolidating all of America’s leading gun-culture media outlets and stripping them down to virtual destruction.
    Prior to its acquisition by InterMedia, the media brand Petersen’s Hunting, the television arm of which is broadcast by the Sportsman Channel, was housed in a “beautiful” facility in Baxter, Minnesota, overlooking the Mississippi River. The facility had approximately 60 employees, a massive studio, at least nine editing bays and fully-wired machine rooms and was conducting about four studio shoots per year with a full production crew.
    That facility now mostly consists of about 12 employees — “basic administrative types,” who “think every day they go into work is going to be their layoff day,” according to an InterMedia employee who spoke on condition of anonymity.
    “They have people working out of rental strip malls doing all of their TV production,” the source said.
    Employees of the Baxter facility were offered the chance to move to Peoria, Ill., which offers a tax credit to companies who “create” jobs in town, in order to keep their employment.

    “That studio in Brainerd was a real staple in that community for years. We used to joke that it was the Microsoft of Brainerd County. Everyone was impressed if you worked there. You made money, you did well, you had this dream life. Then Leo Hindery Jr. bought it and just completely gutted it,” said the employee. “It’s sad. I know a lot of good people in Brainerd who lost their jobs and had their houses foreclosed on.”
    Petersen’s Hunting now “has its entire TV production staff working out of call centers” in Peoria, according to the employee.
    InterMedia also purchased a company called Barrett Productions in Missoula, Mont., which was previously a thriving and well-respected television production company. The Barrett facility is now “gutted.”
    “There’s nothing there but one intern slash production assistant and one administrative type. All the production people are gone. It’s a shell,” according to the employee.
    “Now that Hindery has the Outdoor Channel, he’s in a position to consolidate all of the major pro-Second Amendment media titles in this country, strip them down, and destroy them, like venture capitalists do sometimes,” the employee said.
    Many Outdoor Channel producers are “scared ****less,” realizing that the careers they built are now in the hands of an Obama donor who is in the process of breaking apart pro-gun media companies.
    New York-based InterMedia Outdoors CEO Jeff Paro sent a memo to staff Feb. 4 describing the merger.
    “It’s hard to believe it has been several months since the announcement of the IMO/SC and Outdoor Channel merger. It probably seems like it is taking forever, but unfortunately, despite great progress, that is the nature the beast. Since some time has passed, I just wanted to take a moment and provide you with a brief update of where we are to date and next steps for IMO over the next 4-6 weeks,” Paro wrote.
    “Our registration for the new combined company was submitted to the SEC several weeks ago and we are hopeful that we will see final approvals soon. There will then be a short period of review by the Federal Communications Commission (FCC) which is required for the cable nets and then the merger ultimately will be subject to a formal vote by the current Outdoor Channel Shareholders. When all is said and done the new company, InterMedia Outdoor Holdings Inc. will be official. While you never know, our expectations are that this process will get us to go by, or around March 1st,” Paro wrote.
    “So with this time frame as a target the management teams from SC/IMO and OC have begun the process of evaluating and prioritizing our integration strategy at launch. This process will accelerate over the coming weeks as many of our senior managers have already been recruited to participate on different integration teams. Most of the areas under immediate consideration are on the TV side between SC and OC, but with that said we have several groups forming to evaluate plans for some exciting development opportunities in TV, Digital and Multimedia Sales and Marketing,” Paro wrote.
    Thank you to everyone for staying focused on your business during this time of change. I know how easy it can be to get distracted so it is really appreciated. More updates to come as we learn more over the next few weeks,” Paro added.
    InterMedia employees are currently joking about who gets to take home the furniture from the Outdoor Channel’s offices.
    UPDATE: After this story was published, InterMedia Outdoors CEO Jeff Paro told TheDC that the thought of his company taking over hunting magazines as a means of shutting them down is ”simply a preposterous idea.”

    “InterMedia Outdoors is owned by InterMedia Partners VII, a private equity fund with numerous limited partners,” Paro said in a statement. “Leo Hindery, Jr., as the General Partner of InterMedia Partners, has a legal and fiduciary responsibility to his limited partners to maximize the value of each of InterMedia Partner’s investments, including InterMedia Outdoors, and he vigorously works to do that each day, as witnessed by his long and successful track record.”
    “To suggest something different is wildly incorrect.”


    Read more: Obama donor generates controversy for his pro-gun television network | The Daily Caller
    Tags: Leo Hindery, Second Amendment
     
  2. Mark W.

    Mark W. Silverton, OR Bronze Supporter Bronze Supporter

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    OK and what would you like me to do about it?

    If they manage to ruin all the Pro Gun Media other will just fill in the void. The market and the profits are just too Huge to ignore.
     
  3. Diamondback

    Diamondback A cold, wet green Hell Well-Known Member

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    Who owns FMG Publications and Harris Publications? American Handgunner/Guns Magazine and the various rag-paper Harris pubs may have just seen their stock skyrocket in my book...
     
  4. U201491

    U201491 Well-Known Member

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    Not if they control the bandwidth.....
    Frequencies are limited. They would be stuck with the net.
     
  5. jordanvraptor

    jordanvraptor Oregon City, Oregon Well-Known Member

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    Guess the former owners of those companies sold out in more ways than one... :(
     
  6. Flopsweat

    Flopsweat Slightly right of center Well-Known Member

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  7. simon99

    simon99 Central Oregon Well-Known Member

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    I echo the comment that if they want to sell themselves out, let them. The only thing that keeps magazines afloat are 1. advertising dollars and 2. sales. Either one of those dries up and you're in big trouble. If these magazines start putting out anti-2A propaganda, they'll be done within a month.....
     
  8. Trlsmn

    Trlsmn In Utero (Portland) Well-Known Member

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    If they think they can sell an anti gun message irregardless if how stealth or subtle to pro 2nd amendment supports they will quickly find out that they will have no subscribers. Let them try and let the publications die, pro gun mags will fill the void, that's the beauty of capitalism.

    Sent from my SGH-T989 using Tapatalk
     
  9. DMax

    DMax Yamhill Well-Known Member

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    This is the same thing progressives did to our schools. Corrupt and indoctrinate from the inside. It looks like distruction of the pro gun media now. YOu have to distroy it to rebuild it the way you want. Similar to our healthcare, country, education. Pro Gun will spend all there time and resources trying to correct the lies and misinfo in the new media just like what happens know in the media. And yet pro gun dems still support the distruction of the constitution and our liberty. We are watching the voting and support against the individuals self interest.