SBJ In-Depth: Facilities - Concessions Cord-Cutting, Rights Fees Put ESPN In Bind SI Films Creates Doc On Mets' Fan Group Pat Riley Profiled In ESPN The Magazine Under Armour Posts First Quarterly Loss Since '05 Twenty-Three Cities Hoping To Host '18 NFL Draft Big 12 Revenue Increases For Second Straight Year Casey Wasserman Talks LA 2024 Bid Timbers Unveil Stadium Expansion Plan Bush, Jeter Working To Finance Marlins Purchase
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REAX: Wedbush Morgan Securities analyst Sean McGowan said, “If the Upper Deck offer firms up, we believe there is a good chance that (Tornante) will raise its bid to meet or exceed the $10.75 offer” (N.Y. POST, 5/25). More McGowan: “Upper Deck sees an opportunity to buy its biggest competitor in baseball cards and realize substantial profits from putting the two operations together.” In San Diego, Jennifer Davies notes MLB last year cut the trading-card companies it had licensing deals with to Topps and Upper Deck. Sources said that the move has “spurred increased interest in baseball cards as the two companies pumped up the marketing and promotions for their respective baseball-card offerings” (SAN DIEGO UNION-TRIBUNE, 5/25). Beckett Media CEO Peter Gudmundsson said that some “fear putting the $700[M]-a-year baseball card industry in a single company’s hands could be bad for the business.” Gudmundsson: “Monopolies don’t benefit anyone but the monopolist” (USA TODAY, 5/25).