SBD/19/Sports Media

Print All

         GENERAL ELECTRIC:  GE announced that 3rd quarter profits
    increased 13% to a quarter net income of $1.37B.  GE further
    reported that NBC demonstrated double-digit improvements in
    operating profit.  GE Senior VP for Finance Dennis Dammerman said
    that recent discussions over the sale of NBC "recognize that the
    industry is groping its way toward the electronic future and that
    partnerships may be helpful."  Dammerman added that GE plans to
    retain majority control of NBC (Wiliam Carley, WALL STREET
    JOURNAL, 10/19).
         MURDOCH HOPES TO NET $1B FOR NEWS CORP:  News Corp "is off
    to a 'very good start' in its current year, expects to soon
    pocket about US$1B from the sale of part of its British
    satellite-television operations and isn't currently on the
    acquisition trail."  At yesterday's annual meeting, Rupert
    Murdoch said "he would be disappointed if over the next 'two to
    three years' revenue didn't grow by at least 25% and its profits
    weren't up by 50%" (W.S. JOURNAL, 10/19)....Murdoch also revealed
    that his global media corporation could get a $1B cash injection
    from the public offering of British satellite broadcaster BSkyB
    within the next few weeks.  (FINANCIAL TIMES, 10/19).  REUTERS'
    Kevin Smith profiled Fox for "Nightly Business Report":  "When
    Fox took the plunge eight years ago, many questioned whether it's
    new television network would sink or swim.  But, rivals now envy
    the pool of resources enjoyed by Fox and its parents, News Corp.
    ... There are those who argue that Fox is crazy for spending so
    much money on developing a high profile in television, and some
    in the company might just agree, crazy like a fox that is"
    ("Nightly Business Report," PBS, 10/18).

    Print | Tags: BSkyB, NBC, Media

         Due to the NHL lockout, ESPN will televise the Cadillac
    Breeders Crown live on Friday, October 21.  ESPN had originally
    planned to televise the event later in the evening on a tape-
    delayed basis (Cadillac)....The Sports Collector's Radio Show has
    announced the addition of 20 new station affiliates.  The show is
    broadcast live to over 42 states every Sunday from 8-10 p.m. EST
    (Sports Collector's Radio Show)....Home Shopping Network's net
    sales increased in the third quarter to $276.6M compared with net
    sales of $260.5M in the same period last year.  This resulted in
    gross profit of $97.6M, or 35.3%, compared with $90.1M, or 34.6%,
    in the same period last year (HSN).... "Hardball," the Disney-
    produced sitcom on Fox -- and "the last vestige of baseball on
    TV" -- has been canceled.  The show had averaged only a 7.4
    rating, 12 share in its first five airings while following "The
    Simpsons" (VARIETY, 10/18). ....ESPN will televise the US's
    "Miracle on Ice" Olympic hockey victory over the USSR as part of
    their replacement NHL programming.  It airs October 21 at 8:30pm

    Print | Tags: Connecticut Sun, ESPN, General Motors, NHL, Media, Walt Disney
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug