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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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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

01/12/98
TOPPS HITS BOTTOM? CARD COMPANY REPORTS QUARTER LOSS

Topps Co. reported a net loss for the third quarter, ended November 29, of $8.5M, or $0.18 a share, compared with a net loss of $18.5M, or $0.39 per share, a year-earlier. For the nine months ended No

Tags: Finance

01/12/98
SPORTSLINE USA REPORTS RECORDS IN WEB TRAFFIC AND 4Q REVENUE

SportsLine USA announced record revenue and site traffic for the fourth quarter ended December 31, ''97. Quarterly revenue increased to $4.4M, up 250% from the $1.3M in ''96''s same quarter. Traffic o

Tags: Finance

01/09/98
SPORTSLINE A NASDAQ MOVER AS IT KEEPS ITS EYE ON THE BALL

Shares in SportsLine USA "jumped" 26% on Thursday, closing at $17.125, following a "favorable recommendation from a Wall Street analyst," according to Thomas Granahan of the DOW JONES NEWS SERVICE. Ba

Tags: CBS, Finance, NCAA, Viacom

01/07/98
RAWLINGS REPORTS CONSECUTIVE YEAR-END LOSSES

MO-based Rawlings Sporting Goods lost $663,000 in the quarter that ended November 30, compared with a loss of $58,000 in the same period a year ago, according to the ST. LOUIS POST-DISPATCH. The loss,

Tags: Finance

01/06/98
FINANCE NOTES

Russell Corp. "warned fourth-quarter earnings may fall 50 percent to 60 percent from a year ago on sluggish holiday and fall sales" (N.Y. DAILY NEWS, 12/31)....Atop Dow Jones'' list of the industry''s

Tags: Finance

01/06/98
SARA LEE SELLS OFF TEXTILE OPERATION TO FOCUS ON MARKETING

IL-based Sara Lee will "sell the bulk of its US yarn and textile operations to privately-owned National Textiles," according to Nikki Tait of the FINANCIAL TIMES. The sale would cover nine of Sara Lee

Tags: Finance, Sara Lee

01/06/98
BRANDWEEK REPORTS SUITORS LINE UP FOR HOST COMMUNICATIONS

Fox, ESPN and CBS have "all expressed interest recently in buying part or all" of Host Communications, the sports marketing agency which handles NCAA corporate sponsorships, according to "reliable sou

Tags: CBS, ESPN, Finance, NCAA, News Corp./Fox, Viacom, Walt Disney

01/05/98
DREAM OF OWNING A PART OF CART? WITH IPO, NOW YOU CAN

CART has filed a registration statement with the SEC to sell 4,573,000 shares of common stock in an IPO. The company intends to use proceeds from the offering, to be underwritten by Jefferies & Compan

Tags: Champ Car World Series, Finance

12/19/97
NIKE SEES 20% DECREASE IN EARNINGS FOR SECOND QUARTER

Nike yesterday reported a net income for the 2Q ended November 30 of $141M, or $.48/share, compared to $176.9M, or $.60/share a year ago. Revenues increased 7% to $2.26B from $2.11B last year. In the

Tags: Finance, Nike

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