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Wednesday, November 21, 2012 8:34:14 PM
If you look at the companies that we see as leaders in the "Media Company" space you will find the share structure of their authorized below. Again we are a long ways away from emulating the success of these companies but our goal is to move in that direction.
GOOG 9 Billion
Time Warner 8.333 billion
Comcast 7.5 billion
News Corp 6 billion
Sony 3.6 billion
These companies also have others classes of stock. This just reflects the common stock for each. Again, we are a long way for our goals but we are able to build the company with the proper foundation. Moving the authorized to 4 billion is a step in that direction. It means we will not have to make changes in the years down the road and it makes the cost of funds much less expensive when we need short term financing as revenues begin to come in.
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