- Callaway President Seeks To Improve Market ...
- Golf Town To Acquire Golfsmith
- Disney Reports Strong Quarterly Earnings
- Cablevision Reports Drop In Q1 Profit
- Comcast Profit Rises 30%
- SMI Sees 2.1% Drop In Q1 Revenue From '11
- Callaway Reports Profits Are Up, Sales Are ...
- Havas Media Acquires Ignition Marketing Ag ...
- WMG Receives $25M In Funding
- Nike Reports Q3 Profit
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New Callaway President Brewer Seeks To Stop Company's Sliding Market Value05 / 22 / 12Callaway President & CEO Chip Brewer is focused on “cutting costs, selling assets and trying to put Callaway’s playing equipment back at the forefront of consumer’s minds,” according to Sam Mamudi of MARKETWATCH. Brewer has a goal “to reverse the long slide of the c... Tags: Finance, Callaway Golf |
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Golf Town To Acquire Golfsmith
Austin-based Golfsmith International Holdings yesterday announced it has agreed to a $97M sale to Canadian golf retailer Golf Town in a deal "that will create the world's largest specialty golf retailer,” according to Lori Hawkins of the AUSTIN AMERICAN-STATESMAN. Golf Town, which has 54 store ...
Tags: Finance, Golfsmith International Inc., Golf
Disney Reports Strong Quarterly Earnings
Walt Disney Co. reported “strong quarterly earnings, helped by robust television and theme park income,” according to Dawn Chmielewski of the L.A. TIMES. Disney posted quarterly net income of $1.14B, up 21%. Revenue rose 6% to $9.6B for the second quarter ended March 31 compared wit ...
Tags: Finance, Walt Disney
Cablevision Reports Drop In Q1 Profit
Cablevision reported “a drop in first-quarter profit, due in part to weaker cable earnings,” according to Ramachandran & Launder of the WALL STREET JOURNAL. CEO James Dolan also said he plans to stay in his operating role "at least through this year and beyond." Cablevision also ...
Tags: Finance, Cablevision Systems Corp.
Comcast Profit Rises 30%
Comcast reported a 30% increase in its Q1 profit "as strength in its broadband business helped offset weaker results from its TV networks," according to Ramachandran & Launder of the WALL STREET JOURNAL. Revenue increased 23% to $14.88B, "although that growth was only 9.6% on a pro forma basis, ...
Tags: Finance, Comcast Corp.
SMI Sees 2.1% Drop In Q1 Revenue From '11
The weak economy continues to challenge NASCAR's track companies. Speedway Motorsports, Inc. (SMI) today reported Q1 revenue decreased 2.1% from last year to $84.8M and attributed the drop to high unemployment and high gas prices, which dampened demand for tickets at its recent races. Admission ...
Tags: Finance, Speedway Motorsports Inc.
Callaway Reports Profits Are Up, Sales Are Down
Callaway Golf, “which is in the midst of a tough restructuring with a new CEO in charge, may be on the verge of a turnaround as profits jumped to $32 million in its first quarter, up 11 percent over the same year-ago period,” according to Pat Maio of the NORTH COUNTY TIMES. In Q1 which ...
Tags: Finance, Callaway Golf
Havas Media Acquires Ignition Marketing Agency
Global media company Havas Media has acquired Atlanta-based Ignition, the marketing agency most noted for its work organizing the Olympic Torch Relay. The acquisition will see Ignition become a part of Havas Sports & Entertainment. Ignition brings with it relationships with clients such as Ameri ...
Tags: Finance
WMG Receives $25M In Funding
Wasserman Media Group “is making a growth play," thanks to a $25M investment from Highbridge Capital Management, according to Claire Atkinson of the N.Y. POST ( 3/30 ). In Monday's issue of the SPORTSBUSINESS JOURNAL, Tripp Mickle reports that WMG “plans to use the ...
Tags: Finance, Wasserman Media Group
Nike Reports Q3 Profit
Nike Thursday reported “a 7 percent profit with net income increasing to $560 million and diluted earnings per share increasing 11 percent to $1.20,” according to Allan Brettman of the Portland OREGONIAN. Revenues “increased 15 percent to $5.8 billion; 16 percent on a currency ...
TaylorMade Buying Adams Golf For $70M
TaylorMade-adidas Golf today announced plans to acquire all of the outstanding shares of Adams Golf in a deal valued at about $70M. That represents a premium of approximately 71% to the share price prior to Adams' announcement in January that it was examining strategic alternatives. The Adams Golf B ...
Tags: Finance, Taylor Made Golf Co.
