Minute Media Closes On $15M Investment Round ESPN Still Hurting Disney Quarterly Results Under Armour's Kevin Plank Defends Company MLB Postseason Boosts 21st Century Fox' Q2 Callaway Golf Posts Solid Financials Under Armour Posts Tepid Forecast For '17 No Bidders For Bauer Hockey's Parent Co. ISC Revenues Up For '16, Admissions Down StubHub Q4 Results Show 20% Jump From '15 Sports Owners Investing In Tech Startups
Published October 9, 1997
GOLFWORLD's Steve Pike reports sources say ski industry manufacturer K2 "is interested in buying a golf-equipment company." K2's plans, however, might be on hold because of "slumping" in-line skate sales. The company projects a 42% decline in 3Q earnings and a 9% decline in revenue (GOLFWORLD, 10/3)....MO-based Rawlings Sporting Goods Co. Inc. lost $715,000 last quarter, but reported that profit for its fiscal year was up 3.8% to $5.4M (ST. LOUIS POST- DISPATCH, 10/8)....Tommy Armour Golf CEO Michael Magerman will take a leave of absence, designed to enable him to focus his energies on purchasing Tommy Armour Golf Company from U.S. Industries (Armour Golf).