Auto Club Speedway Celebrating Anniversary Subway Rolls Out New Daniel Suarez Spot NCAA Distributes Payouts To D-I Schools NHL To Play Two Avs-Sens Games In Sweden Nationals Quiet On New Field-Level Seats CONCACAF, CONMEBOL Weigh Joint Tourney Four Big Tech Companies Bidding For NFL's "TNF" Goodell Follows Up On Changes To NFL Games Disney Chair & CEO Bob Iger Extends Contract Coca-Cola's Marcos De Quintos Leaving Company
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).