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Disney Reports Cable Network Unit, Led By ESPN, Will Continue Growth For Three Years

04 / 18 / 14

Disney on Thursday indicated that profits at its "ESPN-dominated cable networks unit would grow in the 'high single digits' on a compounded annual basis for the next three years," according to Brooks Barnes of the N.Y. TIMES. It is "rare for Disney to provide public insight into its future earnings,...

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Tags: Finance, ESPN, Walt Disney

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04/14/14
WME Plans To Cut $151M Out Of IMG

INSIDE IMG: THE FINANCIALS Revenue By Division Year College Media & Entertainment Sports Total 2011 $331 ...

Tags: William Morris Endeavor, IMG, Finance

04/14/14
WME Plans To Cut $151M In Costs Out Of IMG

INSIDE IMG: THE FINANCIALS Revenue By Division Year College Media & Entertainment Sports Total 2011 $331 ...

Tags: William Morris Endeavor, IMG, Finance

03/21/14
Nike's Q4, FY '15 Forecasts Below Expectations

Nike's Q3 results "beat analysts' estimates," but after a conference call with analysts on Thursday, the markets "had soured -- reacting to forecasts of lower-than-expected fourth-quarter revenue and slower growth in the next fiscal year," according to Allan Brettman of the Portland OREGONIAN. ...

Tags: Finance, Nike

03/20/14
Analyst: Phil Jackson Hire Good News For MSG Stock

ISI Media Managing Dir David Joyce is "reiterating his 'buy' rating on the stock of the Madison Square Garden Company" after Phil Jackson was hired to be Knicks President, according to Eriq Gardner of the HOLLYWOOD REPORTER. Joyce is "upping his average attendance estimate" from 95% to 96% and ...

Tags: Madison Square Garden, New York Knicks, NBA, Finance

02/28/14
Moody's Gives WME IMG B2 Credit Rating

Moody’s Investor Service gave WME IMG a B2 credit rating and said the new company’s outlook was stable. The B2 rating reflected what Moody’s said was WME IMG’s “very high leverage of 7.6x” and the “challenges of integrating a larger company and achieving sub ...

Tags: Finance

02/27/14
CDI Net Income Drops 5% In '13

Churchill Downs Inc. had net income of $55M in '13, down 5% compared with net income of $58.3M in '12, while "posting record revenues for the third year in a row," according to Matt Hegarty of DAILY RACING FORM. Revenue for the year rose 7% to a record $779.3M, with "the gain due entirely to higher ...

Tags: Finance, Churchill Downs Inc.

02/14/14
Bauer Purchases Easton-Bell Baseball/Softball

Bauer Performance Sports has purchased the baseball and softball business of Easton-Bell Sports for $330M in an all-cash deal. The transaction is slated to close in the next 30-60 days. Bauer will own the Easton brand name as well, but will continue to allow Easton-Bell to use it for its hockey and ...

Tags: Bauer Inc., Easton, Finance

02/04/14
Learfield Sports Acquires Nelligan Sports

Learfield Sports has acquired Nelligan Sports, a deal that will move all of Nelligan’s 41 college properties under the Learfield banner and further consolidate the college sports marketing space. Learfield and Nelligan finalized the deal yesterday after months of negotiations and an announceme ...

Tags: Finance

01/28/14
ISC Q4 Revenue Flat With '12

Despite rain delaying NASCAR’s race at ISC’s Chicagoland Speedway last September, the company posted quarterly revenue flat with a year earlier. ISC reported Q4 revenue of $188.7M, compared to $189.4M for the same period in '12. Ticket revenue for the quarter fell to $37.9M from $40.1M d ...

Tags: Finance, International Speedway Corp.

01/03/14
WME Faces Daunting Task In IMG Acquisition

Skeptics in Hollywood believe WME and Silver Lake "vastly overpaid" for IMG, while some "predict a massive learning curve" for WME co-CEOs Ari Emanuel and Patrick Whitesell as they "grapple with more than a dozen businesses in 30-plus countries," according to Sun & Masters of the HOLLYWOOD REPOR ...

Tags: Finance, IMG, William Morris Endeavor

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