Panini Signs Mariota Card Deal Hublot Signs Borna Coric As Endorser ESPN To Carry NBA D-League Playoffs Tucson, Little Rock Seek Bowl Games NFL Disciplines Browns, Falcons truTV To Air Friday Night Boxing FS1 Gets 2.5 Overnight For NASCAR Curry Signs Deal For Coaching Site CoachUp Joe Gibbs Addresses Brain-Function Issues Of Son Several Teams Speak Out Against Indiana Law
Reebok plans to cut 500 administrative jobs in the first quarter, or 10% of its work force, "as part of a multimillion-dollar restructuring to reduce costs," according to a wire report in the BOSTON GLOBE. It was "unclear where the cuts would fall." Reebok President Robert Meers said the MA-based company wants a "more focused organization." Meers: "This is a year of execution, not a year for broad-based marketing" (BOSTON GLOBE, 2/5). RESULTS: News Corp. said net profit rose 23% in its second fiscal quarter ended December 31, '97. Net profit rose to $396M, or $.41 a share, from $321M, or $.40 a share a year earlier. In other news, CBS' media holding had a $10M loss in the quarter ended December 31, "an improvement compared" with a $63M loss during the same period a year ago. Sales for the quarter jumped to $1.47B from $1B (WALL STREET JOURNAL, 2/5). On "The Edge," CNBC's Sue Herrera: "Better but not good enough for CBS" (CNBC, 2/4).