Rant Sports Parent Closes $3M Round Of VC KKR Withdraws IMG Bid Bornstein, Shapiro Advising Competing Bids For IMG CAA Out Of Hunt For IMG Disney Reports Higher Q4 Earnings Second Round Of Bids For IMG Were Due Thursday Adidas' Q3 Operating Profit, Sales Drop 21st Century Fox Revenues Exceed Forecasts SMI Sees Ticket Sales Decrease In Q3 Chime Communications Buys JMI For $76M
Published April 7, 1998
Paul Allen, who bought 95% of Marcus Cable for $2.78B, said he paid $2,800 per subscriber. Allen: "It's a great time to come in and find a partner and add some of my ideas to what is in the marketplace. I will finally have some wires for my wired world" (DALLAS MORNING NEWS, 4/7). ...Champion Products "has begun slashing 40 jobs at its Winston-Salem [NC] headquarters." Nancy Young, spokesperson for Champion's parent company Sara Lee, said the cutbacks will be completed "in the next few weeks." Champion President & CEO Mike Flatow called the cuts "part of a realignment to make operations more efficient" (Raleigh NEWS & OBSERVER, 4/4)....Golden Bear Club Services entered into a golf and club management licensing agreement with Executive Sports Int'l (ESI), granting ESI the right to conduct business under that brand name (Golden Bear)....Rawlings Sporting Goods Co.'s profits "rose almost" 12% in the 2Q. Revenues were up 17% for the quarter, which ended February 28. Howard Keene, Rawlings' interim CEO said that revenue "rose in all categories but licensing" (POST-DISPATCH, 4/2).