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SportsBusiness Saturday Launches This Weekend!

Published in SportsBusiness Daily on 10 / 31 / 14

Our latest news feed will be delivered directly to your in-box every Saturday morning. SportsBusiness Saturday will provide insight into the week that was, show you what’s trending in the industry and provide links to our most-read stories of the week across SportsBusiness Daily/Journal/Global. It w...

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07/31/13
SMI Sees Revenue Decline During Q2

Rain during NASCAR weekends in Sonoma and Charlotte combined with the weak economy triggered a decrease in ticket sales and a decline in Q2 revenue at Speedway Motorsports Inc. Revenue fell to $176.8M, a 2.3% decrease from the same period last year. Most of the decrease stemmed from diminishing tick ...

Tags: Finance, Speedway Motorsports Inc.

07/31/13
Better Stock Buy: Nike Or UA?

If you "simply evaluated" Nike and Under Armour based on the recent quarterly results and future growth opportunity, the conclusion of which is currently a better stock buy "is a very easy answer: It's Under Armour," according to CNBC's Jim Cramer. UA reported "incredible results" as gross ...

Tags: Finance, Nike, Under Armour

07/30/13
Anschutz Invests In PlayerLync

AEG Chair Phil Anschutz is "throwing his financial muscle behind technology startup PlayerLync, maker of iPad playbooks" for the Broncos and 15 other NFL teams, according to Andy Vuong of the DENVER POST. Anschutz' investment will allow Englewood, Co.-based PlayerLync to "expand its software platfor ...

Tags: AEG, Finance

07/26/13
Under Armour Sees 20% Revenue Growth

Under Armour shares "spiked 12.2 percent on Thursday after the company announced a 13th quarter in a row of more than 20 percent revenue growth," according to Chris Korman of the Baltimore SUN. UA earned $17.6M in "the April-to-June quarter, 163 percent more than" its $6.7M profit in the same quarte ...

Tags: Finance, Under Armour

06/28/13
Nike's Q4 Profits Up 22%

Nike's fiscal Q4 profit jumped 22%, "boosted by higher sales of shoes and apparel, while gross margins expanded for the second consecutive quarter," according to John Kell of the WALL STREET JOURNAL. Nike also "forecast growth" for the Q1 and full year that "met Wall Street's expectations, but warne ...

Tags: Finance, Nike

06/14/13
Shamrock Looking To Sell Stake Of Learfield

Shamrock Capital Advisors, an L.A.-based private equity firm that owns the majority of Learfield, is looking to flip the college sports media and marketing agency. Shamrock acquired close to 80% of Learfield for $80M in December '11 and has begun the process of selling it after nearly 19 months of o ...

Tags: Finance

06/12/13
Learfield Sports Reportedly Up For Sale

Learfield Sports is “putting itself up for sale,” according to Josh Kosman of the N.Y. POST. Sources said that Learfield is working with N.Y.-based investment bank Moelis & Co. and is "just kicking off its sale process.” A source said that the company is “seeking a 10 tim ...

Tags: Finance

05/17/13
Van Wagner Sports Invests In CineSport

Marketing and sales outfit Van Wagner Sports & Entertainment has made a low seven-figure, minority equity investment in CineSport, a New Jersey-based online sports video company. CineSport, founded and run by former NBA exec Gregg Winik, provides video content to many local and national news org ...

Tags: Finance

05/14/13
Puma Reports Decline In Q1 Earnings

Puma cut its revenue and profit forecasts for this year after reporting Q1 earnings that "trailed analysts’ estimates" and now "expects a low-to-mid-single digit decline in currency-adjusted sales," according to Andrew Roberts of BLOOMBERG NEWS. The stock "fell as much as" 3.5% in Frankfurt t ...

Tags: Finance, Puma

05/08/13
ESPN Helps Boost Disney's Q2 Income

Disney 's "massive jump in net income” in Q2 was “lifted by the performance of its media networks, movie studio and theme parks,” according to Daniel Miller of the L.A. TIMES. The company's Q2 net income of $1.51B is “up 32% from a year earlier,” while its revenue rose ...

Tags: Finance, ESPN, Walt Disney Co.

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