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Manka Bros. Buys Stakes In NewsCorp and Time Warner - Khan Manka, Jr. - The Chairman's Blog

Manka Bros. Buys Stakes In NewsCorp and Time Warner

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jeff_bewkes.jpgrupert_murdoch_2.jpgGood morning.  This is very big day for Manka Bros. and, most likely, a game changer for the entire media industry. 

Over the weekend, I advised Manka Bros.' CFO David Chang to use our discretionary fund to purchase stakes in our competitors NewsCorp. and Time Warner.  While this is a significant purchase (100 shares of each company), it falls below the amount necessary to trigger a Board of Directors review and approval.

I have called my good friends Jeff Bewkes and Rupert Murdoch this morning to inform them of my intentions and assured them that we have no plans (at the moment) of making a hostile bid or takeover attempt of their companies.

This is strictly an investment opportunity for the shareholders of Manka Bros. as I feel that Time Warner and NewsCorp. shares are wildly undervalued (NWS: $6.08 and TWX: $7.42) - as is Manka Bros.' stock (MBX:  $0.045) but I won't get into that.  All I will say is that nearly all of the investment analysts on Wall Street are fucking assholes.

khan_jr1_small.jpgKhan Manka, Jr. - Chairman & CEO - Manka Bros. Studios

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David Chang said:

It was very far below the $40 million acquisition/investment level needed for the board. I believe the total transaction amount was $1,532.62 (including broker commission).

David Chang - CFO - Manka Bros. Studios

Hollywood Producer said:

It's obviously a joke entry - but I'm not sure I always get your sense of humor, Khan. I wouldn't call 100 shares a stake in any company.

Ally Fogle said:

Even if it's not a big amount, it takes some balls to invest anything in this economy. All I want to do is sell sell sell and get the fuck out for a couple of years. Though I don't have the guts to do that either.

He Hate Me said:

I wish Manka Brothers would take over those other comanys. I am sosick of the crap they put out.

About Khan Manka, Jr.

Khan Manka, Jr. - Chairman & CEO - Manka Bros. StudiosKhan Manka, Jr. assumed the title of Chairman of the Board of Manka Bros. Studios - The World's Largest Media Company - following his father Harry Manka's death in 1976. Before that he was the member of several Southern California rock bands.

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