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Time To Submit Your Entry For The Sports Business Awards

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Who stands above all others in the sports business world? Submit your entry for the '15 SPORTS BUSINESS AWARDS by Friday, January 9 . We’re looking for the best in 15 categories, including: Sports Media Sports Television Digital Sports Media To see the full list of categorie...

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09/14/98
MOUSETRAPPED? DISNEY WARNS WALL STREET OF LOWER EARNINGS

Walt Disney Co. on Friday "warned Wall Street" that its earnings in the fourth quarter "will be sharply off as a result of slower business overseas, poor prime-time ratings at the ABC network and vari

Tags: ABC, ESPN, Finance, NFL, NHL, Walt Disney

09/11/98
VENATOR GROUP PULLS OFFER TO ACQUIRE THE SPORTS AUTHORITY

The Venator Group, "citing adverse stock market conditions, cancelled plans to acquire" The Sports Authority (TSA), according to Yumiko Ono of the WALL STREET JOURNAL. Venator agreed to acquire TSA in

Tags: Finance, Foot Locker/Venator Group, The Sports Authority

09/11/98
COBRA PLAYS THROUGH TOUGH CONDITIONS, DISMISSES REEBOK SALE

Wally Uihlein, President of MA-based Acushnet, parent company of Cobra Golf, denied rumors that Cobra "would be sold to Reebok," according to Don Bauder of the SAN DIEGO UNION-TRIBUNE. However, Cobra

Tags: Finance, Acushnet, Reebok

09/02/98
DON'T CRY, NO TEARS, FOR BOOM BOOM: TEARDROP EYES LYNX

TearDrop has signed a letter of intent to acquire the assets of Lynx Golf in a deal subject to the signing of a definitive agreement and bankruptcy court approval. Lynx had filed for bankruptcy protec

Tags: ESPN, Finance, Minnesota Lynx, Walt Disney

09/02/98
NEW BALANCE EXTENDS INTO BROWN SHOE MARKET WITH DUNHAM DEAL

New Balance "has purchased the rights to the Dunham brand names" from Iron Age Corp. of Pittsburgh, giving it "both a broader range of shoe products and an expanded distribution base," according to Gr

Tags: Finance

08/25/98
SFX GETS $600M WORTH OF AMMUNITION FOR NEW ACQUISITIONS

SFX Entertainment "has received a commitment from the Bank of New York" to increase to $600M "the money it has available for acquisitions," according to Adam Sandler of DAILY VARIETY. SFX''s previous

Tags: Clear Channel/SFX Sports, Finance

08/24/98
MACGREGOR BOUGHT BY PARKSIDE; SPALDING GRABS A HOLD-ING

MacGregor Golf was purchased by CA-based management buyout firm The Parkside Group, who acquired it from the foreign investment group which bought MacGregor 18 months ago. Terms were not disclosed. Pa

Tags: Finance, Russell Athletic

08/21/98
CHEERING CHERNIN? ANALYSTS LIKE WHAT THEY HEAR OF FOX IPO

News Corp., in the process of spinning off Fox Entertainment Group, which includes its sports teams, met Thursday with analysts from investment banks underwriting the IPO to "offer guidance as to the

Tags: Finance, News Corp./Fox, Time Warner

08/21/98
DOES VENATOR GROUP QUARTER REPORT PUT TSA DEAL IN JEOPARDY?

The Venator Group reported a loss of $13M for its second quarter, "reflecting weak sales of athletic shoes and clothing," according to the WALL STREET JOURNAL. Venator, which includes Foot Locker, Lad

Tags: Finance, Foot Locker/Venator Group, The Sports Authority

08/21/98
QUOKKA SPORTS LINES UP $16M IN ADDITIONAL FUNDING

SF-based Quokka Sports, which touts its Total Sports Immersion (TSI) productions, announced the close of $16M in additional venture funding as it prepares to expand its digital media coverage of int''

Tags: Finance, Quokka

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