Sprint Ad Featuring Durant Debuts Tonight Newest ESPN "30 For 30" Stars Bad Boy Pistons Pirates Sign Sponsorship With FedEx Ground Dierdorf To Call UM Football Games On Radio Swan Racing Re-Evaluating Team's Future Louisville Signs $40M Deal With Adidas Executive Transactions Herb Kohl Sells Bucks For $550M Rio Increases Budget For '16 Olympics Lexington Mayor Pushing Forward On Rupp Upgrades
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).