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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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06/24/98
FINANCE NOTES

UBS Securities analyst Ed Hatch lowered his earnings estimate for Disney stock from $3.15 to $2.96. Merrill Lynch''s Jessica Reif cut her profit forecast from $3.10 to $3. The analysts'' "shift" has p

Tags: Finance, Walt Disney

06/24/98
SCHWINN GOES OFF-ROAD WITH PURCHASE OF GT BICYCLES

CO-based Schwinn Holdings Corp. announced plans to acquire CA-based GT Bicycles in a deal valued at "about" $180M. Schwinn, a privately-owned company, said it will pay $8 a share for GT''s 10 million

Tags: Finance

06/23/98
GAINING AN ADVANTAGE: AGENCY BUYS CYCLING EVENT COMPANY

Advantage Int''l has acquired CT-based cycling event company International Cycling Productions (ICP), a subsidiary of Sports&Company. ICP owns and/or operates several cycling properties, including the

Tags: Finance

06/19/98
FINANCE NOTES

Oakley filed a federal lawsuit in CA charging that Bausch & Lomb has infringed on Oakley''s sunglasses patents. Oakley didn''t specify what damages it is seeking. B&L declined to comment, saying it ha

Tags: Callaway Golf, Finance, Oakley

06/19/98
FAMILY GOLF CENTERS INC. BUYS GOLDEN BEAR GOLF CENTERS

NY-based Family Golf Centers Inc. has agreed to pay $32M to acquire Golden Bear Golf Centers Inc. from Golden Bear Golf, a company controlled by Jack Nicklaus, according to Alan Wax of NEWSDAY. The de

Tags: Finance

06/18/98
LYNX GOLF SAYS THAT IT MAY SEEK BANKRUPTCY PROTECTION

CA-based Lynx Golf "disclosed that it cannot repay a loan and may seek federal bankruptcy protection," according to Bruce Bigelow of the SAN DIEGO UNION-TRIBUNE. Lynx "laid off 25 full-time workers an

Tags: Finance, Minnesota Lynx

06/18/98
AFTER HEARING OFFERS, NEW BALANCE DECIDES TO STAY IN BOSTON

MA-based New Balance is scheduled to announce today that it has decided to remain in Boston and relocate its headquarters and local manufacturing to a redeveloped site in Brighton, according to Jennif

Tags: Finance

06/16/98
THE MARQUEE GROUP LANDS ON THE GREEN WITH GOLF FIRM BUY

The Marquee Group has acquired VA-based Cambridge Sports International, a firm representing pro golfers. Cambridge''s clients include John Daly, Scott Hoch, Michael Bradley and Scott Verplank (The Mar

Tags: Finance

06/12/98
FINANCE NOTES

N.Y. investment banking firm Leucadia National Corp. yesterday acquired nearly $7M in stock in the Pimlico and Laurel, MD, racetracks from the estate of the late Jack Kent Cooke. Leucadia is seen as a

Tags: Finance

06/12/98
HOW SPORTS HELP TO BLUR THE LINE BETWEEN MEDIA BEHEMOTHS

The business relationships between today''s top entertainment and media companies -- including Walt Disney, News Corp. and Time Warner -- are examined by Frank Rose of FORTUNE. Disney Chair Michael Ei

Tags: LA Angels, Anaheim Ducks, Anaheim Sports, Finance, News Corp./Fox, Oakland Athletics, Time Warner, Walt Disney

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