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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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Disney's Q4 Growth Fueled By ESPN

Disney on Thursday “reported robust fourth-quarter growth,” while ESPN -- “as usual -- gave the entertainment conglomerate its biggest boost,” according to Brooks Barnes of the N.Y. TIMES. The operating income of Disney’s "cable television division, centered on ESPN and ...

Tags: Finance, ESPN

Time Warner Q3 Profits Up

Time Warner reported a Q3 net profit of $838M, compared with $822M "in the same period last year," according to Kristi Swartz of the ATLANTA JOURNAL-CONSTITUTION. The company "reported a 12 percent increase in operating income to $1.2 billion for its networks." Time Warner Chair & CEO Jeff Bewke ...

Tags: Finance, Time Warner, TBS/TNT

Nike To Sell Cole Haan To Apax Partners

Nike is in “final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million,” according to sources cited by Kim & Oran of REUTERS. Sources said that London-based Apax has “teamed up with former ...

Tags: Nike, Finance

SMI Reports Q3 Profit Of $11M

Speedway Motorsports, Inc. today reported a Q3 profit of $11M, but said that the economy continues to affect the consumer and corporate spending that drive the company's business. Total revenues for Q3 were $142.3M, down from $177M in '11. The decrease was primarily a result of the fact that Kentuck ...

Tags: Finance, Speedway Motorsports Inc.

Nike To Sell Umbro For $225M

Nike today announced it has reached an agreement to sell its Umbro brand to Iconix Brand Group for $225M. The transaction is expected to close by year's end. Nike earlier this year announced its intentions to divest of Umbro and Cole Haan . Nike President & CEO Mark Parker said, "Umbro has a gr ...

Tags: Nike, Umbro, Finance

Li Ning Sells $175M Stake In Sportswear Brand

Li Ning, the former Chinese Olympic gymnast, "plans to sell a 25 percent stake" in his namesake sportswear brand to Viva China Holdings -- a talent management firm he controls -- for US$175M, "knocking Li Ning's shares on concerns about his commitment to the group," according to Donny Kwok of REUTER ...

Tags: Li Ning, Finance

Source: Oracle's Ellison Interested in AEG

Oracle Founder & CEO Larry Ellison "is interested in a potential bid" for AEG, according to sources cited by Grover & Damouni of REUTERS. Sources said that Ellison's interest in AEG, whose owner Phil Anschutz wants initial bids in the $10B range, "is preliminary." One of the main attractions ...

Tags: NFL, Finance

Nike Q1 Profits Fall 12% To $567M

Nike in the quarter that ended Aug. 31 reported that its profit “fell 12 percent to $567 million compared to $645 million the same period last year,” according to Allan Brettman of the Portland OREGONIAN. Diluted earnings per share decreased 10% to $1.23 compared to $1.36 last year. Comp ...

Tags: Finance, Nike

Centerplate To Complete Buyout

Centerplate officials have announced they will complete a management-led buyout of the sports concessionaire in Q4 '12 in a partnership with investment firm Olympus Partners. The transaction is valued at $551M, said Centerplate President & CEO Des Hague. Centerplate’s senior execs, in ...

Tags: Finance, Centerplate

Foot Locker Profits Soar In Q2

Foot Locker reported “a 59% rise in second-quarter profit, as new colors and materials used in the latest athletic gear stimulated demand,” according to John Kell of the WALL STREET JOURNAL. The company's share price “is up 47% this year after gaining 1.7% Friday to $35.09, a level ...

Tags: Finance, Foot Locker

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