Imagination TV Inc. (IMTV)

[paulyb]

The OTA numbers have dropped considerably. Advertisers don't have clear numbers and Nielsen isn't going out of it's way to come up with those numbers. PNCH is a niche within a niche. TBS didn't begin with new programming. They showed the Braves and reruns of hundreds of series and movies. Turners movie library was large enough to spin off TCM. They were also on sat. and every cable in the country. PNCH is a share selling scheme that happens to use Punch as a vehicle. No one is watching Punch. Steve doesn't care if anyone watches Punch. He found a "network" that the smart money in LA had said no to and he saw a perfect mark in Collins. The rest of the story is on the K that was released yesterday.