SEC Title Game Audience Down MLB Distributes $77M In Playoff Pay A-B InBev's Busch Brand Gets Super Bowl Ad Chargers Have Contacted L.A. Coliseum Ferrell To Star In E-Sports Comedy Fox To Broadcast MLS Cup Final In VR Colts-Jets Gets 6.0 Overnight Rating For ESPN Anta, Klay Thompson Negotiating Contract Extension NFLPA Launches New Business Accelerator Cubs' Average Price For Season Tickets Will Rise
SBD/10/Sponsorships Advertising Marketing
OGDEN TO SLIM DOWN, WILL CUT CONCESSIONS, ARENA MANAGEMENT
Published November 10, 1995
Ogden Corp. said it "wants to shed about a third" of its business, including its concessions operations at sports arenas to focus on core entertainment, aviation, power-generation and waste-treatment operations. Jonathan Auerbach reports in this morning's WALL STREET JOURNAL that the businesses Ogden plans to trim "depend heavily on lower-margin short-term contracts," and selling them will enable the companty to invest in "its higher margin businesses, including entertainment." Ogden expects earnings to jump 12-15% after restructuring (WALL STREET JOURNAL, 11/10).