MSG Promotions Renews With USGA USOC Quashes Report On Boston Bid HBO Plans Mayweather-Pacquiao Special Michigan Football Nixes Dynamic Pricing Jets Bring '15 Training Camp In-House Eagles Renew Radio Rights Deal Ticketmaster Buys Two Toasters Executive Transactions NFL Hands Down Penalties For Browns, Falcons Brewers Aim To Win Back Harley Davidson
Upcoming Conferences and Events
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).