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WME Outlines Plans To Cut $151M In Costs Out Of IMG After Acquisition Deal Closes

04 / 14 / 14

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

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Tags: William Morris Endeavor, IMG, Finance

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02/03/98
AFTER GLOOMY FINANCIALS, REEBOK HINTS AT CHANGE IN TACTICS

Reebok Int''l, citing "difficult industry conditions," said it will take a pretax restructuring charge of $25M to $35M in the current quarter, according to Jon Auerbach of the WALL STREET JOURNAL. Ree

Tags: Finance, Reebok

01/29/98
CALLAWAY GOLF ANNOUNCES RECORD SALES OF $842.9M IN '97

Callaway Golf announced that its net sales in the year ended December 31, ''97 increased 24% to $842.9M over the previous year''s net sales of $678.5M. The company also announced that it had a net inc

Tags: Callaway Golf, Finance

01/28/98
ESPN HELPS WALT DISNEY CO. TO PROFITABLE QUARTER

Walt Disney reported net income of $755M, or $1.10 a share, on revenue of $6.34B for the quarter ended December 31, ''97, according to Bruce Orwall of the WALL STREET JOURNAL. That compares with the n

Tags: ABC, ESPN, Finance, Walt Disney

01/28/98
CABLEVISION PROPOSES ACQUISITION OF NOBODY BEATS THE WIZ

Cablevision Systems Corp., "in a bid for more of New Yorkers'' entertainment dollars," yesterday offered "about" $95M for the "troubled" Nobody Beats The Wiz chain, according to James Madore of NEWSDA

Tags: Cablevision, Finance, New York Knicks

01/22/98
JUMBOSPORTS ANNOUNCES STORE CLOSINGS AND RESTRUCTURING

JumboSports Inc. announced that it will "continue to slim down, closing 18 of its 77 stores" and taking a $35- $45M "restructuring charge," according to Aissatou Sidime of the TAMPA TRIBUNE. The moves

Tags: Finance

01/20/98
SPORTSLINE USA TO BOOST GOLF COVERAGE WITH DEAL FOR GOLFWEB

SportsLine USA has agreed to acquire GolfWeb in exchange for approximately 860,000 shares of SportsLine USA common stock. As of January 14, the stock was valued at about $14.85M. GolfWeb will operate

Tags: Finance

01/14/98
FINANCE NOTES

adidas Chair Robert Louis-Dreyfus "pledged" that the company''s acquisition of Salomon "would lead to no significant job losses" (FINANCIAL TIMES, 1/13)...The Sports Authority''s stock hit a 52-week l

Tags: Finance, Washington Nationals

01/14/98
L.A. GEAR FILES FOR REORGANIZATION BUT DETAILS SKETCHY

L.A. Gear has filed for "reorganization under Chapter 11," according to James Peltz of the L.A. TIMES. The company made the filing "after reaching a restructuring pact with a group representing holder

Tags: Finance

01/13/98
AUTOWEEK GOES INSIDE THE FINANCES AT CART BEFORE ITS IPO

CART looks to raise as much as $84.1M by issuing 4.573 million shares of stock in its IPO, which would mean it hopes to sell its stock initially for $18.40 per share, once the SEC approves the offerin

Tags: Champ Car World Series, Finance, IndyCar

01/12/98
FOOTWEAR INDUSTRY'S FOURTH-QUARTER HIT; CFO LEAVES NIKE

The athletic-footwear industry "is expected to report lackluster fourth-quarter results, reflecting a continuing swing away from the traditional athletic look to other casual styles," according to Jos

Tags: Finance, Nike, The Sports Authority, Washington Nationals

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