Battle At Bristol Helps SMI's Q3 Earnings Kevin Plank Tries To Quash Investor Fears Under Armour Has Slowest Sales Growth In Six Years SeatGeek Sues ScoreBig For At Least $2M AT&T Reaches Deal To Acquire Time Warner For $85B Dick's Wins Auction For Golfsmith's U.S. Business StubHub Sees 32% Revenue Growth For Q3 AlphaDraft To End Paid Contests After Friday Upcoming IPO Will Value Acushnet At $1.7B Fed Reportedly Sees WME-UFC Deal As "Problematic"
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).