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Overnight Ratings: PGA Tour Deutsche Bank Championship, U.S. Open Tennis

Published in SportsBusiness Daily on 09 / 02 / 14

The chart below lists overnight ratings from sports telecasts over Labor Day weekend on broadcast TV ( THE DAILY ). TELECAST DATE NET TIME (E...

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08/20/14
Golf Sales Cut Into Dick's Profits

Women's and youth apparel "helped drive sales higher at Dick's Sporting Goods" in Q2, although "continued declines in the golf and hunting business cut into profits," according to Chris Fleisher of the PITTSBURGH TRIBUNE-REVIEW. Sales at its Golf Galaxy stores fell 9.3%, and the company "recorded pr ...

Tags: Finance, Dicks Sporting Goods

08/14/14
ClubCorp Acquires Sequoia Golf For $265M

ClubCorp Holdings yesterday said that it will "buy smaller competitor Sequoia Golf Holdings" for $265M in a deal that will "expand ClubCorp's portfolio of golf and country clubs by roughly 45%," according to Sara Germano of the WALL STREET JOURNAL. ClubCorp, which "went public in September, has an e ...

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08/06/14
Disney Posts Record Q3 Despite ESPN

Skyrocketing sports-rights costs "caught up to ESPN last quarter, providing a setback in an otherwise stellar quarter for Walt Disney Co.," according to Ben Fritz of the WALL STREET JOURNAL. Hit by "a combination of higher costs" for MLB and the FIFA World Cup, as well as "a shrinking subscribe ...

Tags: Finance, ESPN

08/01/14
CDI Earns Record Quarterly Revenue

Churchill Downs Inc. posted Q2 net income of $57.3M on "record quarterly revenue" of $303.7M, according to Matt Hegarty of DAILY RACING FORM. All of CDI's major business segments "experienced growth" in the quarter, with racing revenue from its four tracks "up slightly" by 1%. Revenue from CDI's cas ...

Tags: Finance, Churchill Downs Inc.

07/31/14
Adidas Cuts FY '14 Outlook, FY '15 Targets

Shares in adidas "tumbled" today after the FIFA Global Partner cut its '14 outlook and postponed '15 targets, "citing risks surrounding Russia and challenges at its golf business," according to Monica Houston-Waesch of the WALL STREET JOURNAL. adidas' Q2 profit fell to $192.7M (all figures U.S.) fro ...

Tags: Finance, Adidas

07/31/14
A-B Credits World Cup For Helping Q2 Profits

A surge of beer-drinking during the FIFA World Cup "boosted profits" at A-B InBev during Q2, "leaving the group optimistic about future sales after showcasing its brands to billions of people," according to Matthew Dalton of the WALL STREET JOURNAL. The company yesterday said that Q2 revenue rose 5% ...

Tags: Finance, Anheuser Busch

07/30/14
SMI Sees Slight Revenue Drop In Q2

Speedway Motorsports Inc. blamed bad weather at two races and a weak economy for a slight decline in revenue during Q2. The company reported revenue for the quarter of $175.9M, down from $176.8M for the same period last year. Revenue for the first half of the year was $260.4M, down from $261M i ...

Tags: Finance, Speedway Motorsports Inc.

07/24/14
Under Armour's Sales Up 34% In FY Q2

Under Armour today said that its Q2 '14 profits "remained unchanged, meeting analysts' expectations, while sales soared" 34%, according to Lorraine Mirabella of the Baltimore SUN. UA added that its net income of $18M "remained flat, reflecting previously planned marketing and brand innovation expens ...

Tags: Under Armour, Finance

07/21/14
Carmelo Gets Into Venture-Capital Industry

Knicks F Carmelo Anthony is "starting a venture capital firm," as he and longtime Bertelsmann Direct North America CEO Stuart Goldfarb "are launching their new investment firm, M7 Tech Partners, with an inaugural investment in the children’s media company Hullabalu," according to Jonathan Shie ...

Tags: New York Knicks, NBA, Finance

07/09/14
Financials Detail Importance Of ESPN To Disney

Many people talk about ESPN being the "crown jewel in the Disney empire," and its financials "speak to that," according to Jon Erlichman of Bloomberg TV. When observers "look at the cable network's business for Disney, which is largely fueled by ESPN," it is "about a third of the company's ...

Tags: Finance, ESPN

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