Nike's North American Profits Take Dip Titleist Owner Acushnet Files For IPO Sources: DraftKings, FanDuel In Talks For Merger WME-IMG Expanding Its Chinese Business WinView Brings In $3.4M In Funding Round Under Armour To Lose $120M In Sales Acushnet Reportedly Prepping For IPO MP & Silva Sells Controlling Stake Judge OKs Sports Authority Sales Plan StubHub Parent Company Buys Ticketbis
Published August 13, 1998
News Corp., "showing improved performance across all of its businesses except newspapers," reported fiscal fourth- quarter net income of $233M, or $.23 per share, compared with write-down related losses of $270M posted in the same period last year. Full-year net income more than doubled to $1.14B, or $1.17 per share, compared with $561M a year earlier, "driven mostly by gains from News Corp.'s 22 TV stations and movie performance" (WALL STREET JOURNAL, 8/13). ...Zapata Corp. CEO Avram Glazer, whose company has begun aggressively purchasing Web sites and hopes to establish its ZAP.com as one of the Web's leading portal sites, participated in an online chat on the Wall Street Journal site on Tuesday. Glazer, on the types of sites Zapata is looking to acquire: "We look for sites that are unique, not easily duplicated (anyone can provide news, weather, and sports) -- sites with a loyal audience -- and sites that would fit well within the ZAP framework" (THE DAILY).