TAILIEUCHUNG - IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA MINUTE ENTRY/ORDER

As a result of these policies, not only have public service broadcasters continued to provide high quality, diverse programming, they have also been responsible for airing critical investigations of government performance (notably in Denmark, Canada and the .). Likewise, subsidized newspapers in Sweden, Norway and France have provided consistently high-quality, in-depth, and often critical news coverage of government and the leading political parties. 4 Numerous scholarly content analyses demonstrating the democratic virtues of public over commercial media and many examples of outstanding critical news coverage by public media are presented in the individual country profiles. . | IN THE UNITED STATES BANKRUPTCY COURT SEP 3 0 20Ũ9 FOR THE DISTRICT OF ARIZONA UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF ARIZONA MINUTE ENTRY ORDER FOR MATTER TAKEN UNDER ADVISEMENT Bankruptcy Judge Hon. Redfield T. Baum Case Name Dewey Ranch Hockey LLC Chapter 11 Case No. 2 09-bk-09488-RTBP Subject of Hearing Hearing on the Sale of the Phoenix Coyotes a National Hockey League Team located in Glendale Arizona Date Matter Ruled Upon September 2 2009 Date Ruled Upon September 30 2009 Submitted to the court are the two competing bids to purchase various assets commonly considered the Phoenix Coyotes a National Hockey League team currently located in Glendale Arizona. The auction and the proceedings related thereto have been hotly and vigorously contested by ail of the involved parties. In connection with the auction sale proceedings the attorneys for the parties have inundated the court with multiple motions massive briefs and legal memorandums numerous expert opinions on antitrust and other esoteric issues conflicting declarations on issues tangentially related to the bankruptcy auction sale and the assertion of many satellite issues. For the reasons set forth below the court can not approve either bid. Case 2 09-bk-09488-RTBP Doc 1017 Filed 09 30 09 Entered 09 30 09 13 17 56 Desc Main Document Page 1 of 31 I. THE FACTS AND BACKGROUND LEADING TO THE BANKRUPTCY AUCTION There is a significant factual history here leading up to these bankruptcy cases and this auction. That history creates the stage upon which these parties now come before this court regarding a sale of the hockey team. A. THE PHOENIX COYOTES hl January 1996 the National Hockey League NHL or League approved the change of ownership and authorized the relocation of the Winnipeg Jets to Phoenix Arizona. The team s name was changed to the Phoenix Coyotes Coyotes . The Coyotes have not been a particularly successful team on the ice having never won a playoff series since moving to Arizona and have .

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