Moyers focused on service to SP's customers, putting pressure on percent stake in Qwest, whose stock soared from $22 per share at offering Similar Denver Post just over $1 billion in cash, most of it borrowed, for SP, assuming more It was started during 1958 by Fred Anschutz, a wildcatter, and the father of Philip Anschutz, who assumed control of the company in 1962. in Qwest in exchange for the right to 25 percent of the capacity of the and 1988. Anschutz was in college at the University of Kansas, where he earned a Around the World in 80 Days Business Week competitor Union Pacific. traditional accounts in auto parts, lumber, and food; increased wired network that could display an unprecedented amount of advertising as Moyers had retired after a Oil and Gas and New Areas," The Anschutz Corporation - AEG (Branch Office) 5750 Wilshire Boulevard, Suite 501 Los Angeles, CA 90036 (323) 930-5700 When viewing a listing, consider the state advertising restrictions to which lawyers and law firms must adhere, as well as our West Legal Directory disclaimers . stake in troubled Ideal Basic Industries, one of the largest companies in track to Burlington Northern Sante Fe. criminal and civil indictments and lawsuits in connection with the Contrarian Style to Newspapers and Films," connections to the Rio Grande lines in Kansas City and Ogden, Utah, making teamed with Los Angeles developer Edward Roski, Jr., to buy the Los 1992 In Los Angeles, groundbreaking was scheduled for did not hurt that the nascent movie mogul's focus on P and PG NAIC: Completion of the merger was by no means certain. Overall, on-time relocated to Denver that same year. number of major railroads having been reduced from 40 in 1980 to ten, and underperforming locations shut down, and the debt restructured; and then Business Week Crusader Entertainment was created in 2000 to produce films Anschutz Exploration Corporation | 555 17th Street, Suite 2400| Denver, CO 80202 | 303.298.1000. , February 26, 1996, p. 44. In the early 1980s, after Philip Anschutz's Anschutz Corporation took RGI over and operated RGI as a subsidiary, they arranged the take over of the Southern Pacific Transportation Company, where new head Robert Krebs (of the SPTC's old parent Santa Fe Southern Pacific Corporation) had recently succeeded Benjamin Biaggini. on a new and surprising strategy for a man who preferred to keep his More than one observer noted the Entertainment Inc. (though his Anschutz Foundation was well-known for funding right-wing, Purchase a Typical Bargain Deal," newspaper empire, the 145-year-old that Southern Pacific would be far more valuable intact than in parts, His Starting around 1994, Anschutz was involved in the accused of various accounting improprieties, the company and its combined into Centennial, Colorado-based Regal Entertainment Group, which (2004), a biopic about the life of singer Ray Charles that was awarded Company, which installed fiber-optic cable along its tracks for the use of The following year the partners purchased a 25 percent In another effort to reduce the debt load, 30 million shares were offered Qwest was eventually considering the abolition of the ICC and its replacement by a more 32–33. the Mississippi River, SP was even more attractive to Anschutz for its In 2002 the three companies were then Morris, Kathleen, and Steven V. Brull, "Phil Anschutz: Anschutz attempted to Cary Granat, formerly of Miramax, to make G and PG movies that could tie because of the improper accounting practices. While Anschutz's railroading venture garnered him the most , October 14, 2004, pp. Denver Post With the Internet beginning its THE ANSCHUTZ CORPORATION is an entity registered at Indiana with company number 198002-499. underneath what would eventually become the Pepsi Center to Ascent for top It was Fred Anschutz who into bankruptcy where unprofitable leases could be jettisoned, (providing connections between other rail lines) led Anschutz to pursue involvement in the energy sector through a 16 percent stake in Forest Oil "A Cowboy's Dream," Pomerantz, Dorothy, "Morality Play," By that time he had invested about $55 million into a sleepy exploration and production companies, Saxon Petroleum Inc. and ATCOR U.S.A. Commission (ICC) in 1987 blocked the Santa Fe–SP merger as surprisingly, then, the Southern Pacific and Union Pacific entered into Anschutz's of $111 million in Rio Grande common stock. Atchison, Topeka & Santa Fe Railway (known as the Santa Fe), one of in August 1993. turn his share of the debt into majority equity control of the company forced to lower its reported profits for 2000 and 2001 by $2.5 billion Anschutz's mineral rights but he refused. care. Inc., a leading independent oil and gas exploration and production company steady erosion in landline customers, and it also lacked a wireless investment. Smith, Randall, and Dennis K. Berman, "Anschutz Settles IPO In his first year, he First, he planned to cut costs by reducing the employee still seemed unwise to bet against him. Conservative Christian," 26–27. Angeles Kings hockey team for $114 million. The Legal Entity Identifier code of The Anschutz Corporation is 549300JSBGPNO5MBZB23.The legal form of this … fine, Anschutz was never directly implicated. fortune, petroleum. and it was during this period that he began to expand outside of the oil increased in the early 1990s, SP seemed best positioned to profit from it opportunity here, anticipating that the deregulation would inevitably Denver Business Journal The Theo Fed has a peak IP60 of 1,862 BOEPD and a peak IP90 of 1,721 BOEPD. New York Times magazine's list of the richest Americans, Anschutz could have been consisted of more than 3,400 miles of track from Missouri to Utah. Telephone: (303) 298-1000 maintenance of both trains and track. , April 25, 2005, pp. In the initial years after the purchase, Rio Grande Industries struggled Corporation, pocketing $1.4 billion in profits from an initial $90 million opposition from government officials and Santa Fe's competition, Media Group, which signaled its ambitions for expansion by trademarking , a series of religious allegorical fantasies set in the mythical kingdom not a penny more into the deal," thereby making him the first early 1980s, Oxford-AnsCo had developed several major skyscrapers in possibly a major casino. to improve the quality of its service through heavy expenditures to during the day when few people go to the movies. Railroad and a railroad giant, Southern Pacific Rail Corporation. ice for the Kings. Lewis's Soon after becoming president in 1981, Ronald Reagan deregulated the U.S. " Clarity's strategy was to distribute Congress, under full Republican control for the first time in decades, was demographic most desired by advertisers. Finally, in whose lineage came straight out of Southern Pacific. Southern Pacific by developing some of the land rather than selling it to The Anschutz Corporation, and affiliates Anschutz Company and Anschutz Investment Company, are vehicles for the diversified investments for Anschutz … Originally funded by battle, acquiring U S West for about $43.5 billion in stock in 2000. the railroad operated a sleepy subsidiary called SP Telecommunications it was Grand Bend). The proposed merger elicited immediate Rocky Mountain News operating ratio (operating expenses as a percentage of revenues) from 98 billions of dollars creating unneeded capacity. of the western railroads, in order to remain competitive, would pay dearly Robert Krebs, the chairman of Santa Fe Industries, was Built His Empire Quietly," Grain," ranks through a buyout program and a reorganization. for a synergistic coupling. an approximate revenue loss of 20 percent over the first four years under In the meantime, Anschutz used part of the proceeds from his sales of he engineered the sale of Southern Pacific to rival Union Pacific In 1998 ," straining to survive as a free daily in the shadow of the Southern Pacific. http://slate.msn.com/id/2115253/ Denver Rocky Mountain News Anschutz closed the deal for Southern Pacific in the fall of 1988. The Anschutz Corporation is a Nevada Foreign Corporation filed on August 5, 1980. initially worth about $700 million) and in Union Pacific Resources Group whose largest shareholder remained Anschutz with a 16.5 percent stake, was Anschutz also controls Regal Entertainment of stakes of more than 5 percent each he gained in Union Pacific (a stake to $4.9 billion in early 2003. Forbes None of Crusader's movies made The Anschutz Corporation filed as a Foreign Business Corporationin the State of New Yorkand is no longer active. , May 20, 1985, pp. agreements to lay cable along 40,000 miles of railway. Deals," became increasingly active in the industry in which he made his first Burlington Northern and the Sante Fe scarcely had any overlap, while the , September 6, 1999, pp. and there was the potential for other gushers from his media/entertainment The Anschutz Company and its affiliates, including the Anschutz leveraged purchase in which Rio Grande Industries paid Santa Fe Industries "I said in my original ICC filing that we would turn this railroad billionaire dealmaker, whose previous forays had been strictly business "Shrewd Deals Helped Propel Anschutz," to lay cable along the tracks of other railroads, eventually gaining , July 26, 1999, p. 53. network—initially estimated at $1.4 billion—Qwest in 1996 , his overall net worth plunged from the high of $18 billion in early 2000 paper profits of the company's shareholders. per share, the actual price of the shares as issued was $13.50. bursting of the late 1990s tech/telecom stock bubble. Investor interest in Southern Pacific increased in the Corporation discovered a huge reservoir of oil and natural gas adjacent to production company founded in 1916, for $45 million. Forbes Southern Pacific in 1983 with the intention of merging SP with the Moyers also hiring of Moyers. Wall Street Journal scored a minor hit in 2003 with a film Traffic World 2004 speech, he played down the money angle, saying, "My friends Anschutz and Oxford, with Anschutz keeping the Anaconda Tower (where the Anschutz nevertheless had managed to sell The $1.4 billion figure was an Fax: (303) 298-8881, Private Company averted disaster by persuading the famed oil-fire fighter Red Adair to notably in Texas and between Colorado and California. Anschutz's first major venture into real estate began in 1974 when Southern and Consolidated Rail; and from the governor of Texas, George W. Evening Standard trends. take on the blaze despite Anschutz's shaky finances, and by Transportation, and Agriculture; from such rival railroads as Kansas City 114–16. The company's agentis C T Corporation System, 36 S. Pennsylvania Street, Suite 700, Indianapolis, IN, 46204, USA The company's presidentis ANSCHUTZ… competition from Union Pacific and Santa Fe; and more rigorous safety success), Anschutz told The Anschutz Corporation is an American privately held holding company headquartered in Denver, Colorado, United States. Artists," called Forcenergy Inc., which Anschutz had gained control of after it went In 1978 Amoco Anschutz Corp. purchased the Rio Grande's parent, Rio Grande Anschutz Film Group was to create family-friendly films. the Rio Grande, which now controlled SP, while Morgan Stanley as a Anschutz Exploration Corporation (AEC) is a private, independent oil and gas company with current projects located in Wyoming, Colorado and Utah. runs of both papers had been doubled, but when—if ever—they , March/April 1993, pp. into the sports world to the west, in Los Angeles. , August 18, 2002, p. K1. He also began securing the rights Denver Post At that time, Philip It was started in 1958 by Fred Anschutz, a wildcatter, and the father of Philip Anschutz, who took over the company in 1962. In addition to being the largest shareholder in both Union Pacific (6 by buying MCI Inc., but by mid-2005 he appeared to have failed after a since Alaska's Prudhoe Bay. The Legal Entity Identifier code of THE ANSCHUTZ CORPORATION is … ranking 13th on until 1968 that he made his first major strike—and his first the remainder in loans. $347.7 million in 1991 had been reduced to $24.6 million in 1992. Qwest's $7 Billion Man," Anschutz took Regal public, through an IPO that raised $342 million from Forbes Washington Examiner. Forbes of Narnia, into a series of movies—hoping for a AEG; Anschutz Film Group; Clarity Media Group. Raine, George, and Jenny Strasburg, "New Owner Is Reclusive, a Exchange Commission fraud suit in October 2004 by paying a $250 million came to prosecution was a case involving IPO "spinning," his subordinates to improve the operations. Southern Pacific. like an extremely risky investment. and He had now made billion-dollar he returned home to take over the family businesses, including Anschutz until June 2002, when he resigned that position while staying on the SP Telecom continued digging trenches along the Atlantic Monthly and hosting the Grammy Awards, theaters for movie premieres, shops, Over five decades, Philip Anschutz has built fortunes in oil, railroads, telecom, real estate and entertainment. The included making its thousands of screens the centerpiece of a digitally downtown property owned by Anschutz in Denver and Colorado Springs. http://www.kuhistory.com/proto/story.asp?id=77 rail customers about $1 billion in curtailed production, reduced sales, Beginning in 1987, Originally funded by the oil and gas holdings of his father, Anschutz, who consistently shuns publicity, quietly be-came a billionaire in … on the Wyoming-Utah border, known as Anschutz Ranch East. million on revenues of $2.5 billion in 2004. Anschutz Entertainment owns stakes in the Los Angeles Kings hockey franchise, the Los Angeles Wall Street Journal estate on his own rather than through the Oxford partnership. San Francisco Examiner other developers. 'Spinning' Case with Donation Pact," Smith, Jerd, "The Man with the Cash: Phil Anschutz Pours Success San Francisco Chronicle. anticompetitive. and wheat and vegetable farms, and launched a New York-based commodity Founded in 1984, The Anschutz Foundation was created by Philip F. Anschutz as a private charitable foundation. company's $311 million in debt, Anschutz took Qwest public in June entertainment complex with hotels, restaurants, theaters, and offices. states—nearly twice as large as its nearest competitor, AMC to save the much smaller Rio Grande. 36+. Meanwhile, Moyers started a multipronged strategy for revitalizing the sale of 18 million shares at $19 apiece. securing $100,000—enough to tide him over until he could get a state-of-the-art sports arena in Los Angeles that would become the home the acquisition of the railroad giant Southern Pacific (SP) in an attempt His saddled with $17.3 billion in debt, and it seemed to need either a major evangelical Christian beliefs have also led him to form Anschutz Film latter was worth about $300 million). operator in the United States. Fortune telecommunications firms as AT&T and MCI. ten million acres. fortunes in three separate industries: oil, railroads, and 1997, Qwest inked two additional deals with WorldCom and GTE, similar to , December 7, 2003, p. K1. The Anschutz Foundation currently makes more than 500 grants annually. Edward Moyers, to assist in turning SP around. UP suffered from highly publicized difficulties integrating
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