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Published in SportsBusiness Daily on 07 / 23 / 14

Sports On Earth's Patrick Hruby : "The NFL expects between 15 and 25 percent of its retirees to come down with neurodegenerative diseases! … How is that not a headline? I'm dead serious." Yahoo Sports' Dan Wetzel : "Won't embarrass the player, but at MAC Media Day today had one tell...

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03/02/98
CAN NIKE KEEP LONG-TERM GROWTH PROSPECTS ON SCHEDULE?

The value of Nike''s stock was examined by PBS''s Darren Gersh on "Nightly Business Report." Gersh: "The advertising is gritty, determined, heroic. It''s the essence of the Nike brand, a brand that so

Tags: Finance, Nike

03/02/98
CALLAWAY SALES FEELING EFFECTS OF EL NINO WEATHER PATTERN

Callaway Golf said Friday that its U.S. sales "are getting drenched by El Nino" and the impact could "drag earnings" 70% below analysts'' first-quarter estimates, according to Bruce Bigelow of the SAN

Tags: Callaway Golf, Finance

03/02/98
UMBRO SETS REFINANCING PLAN STILL NEEDED TO BE WORKED OUT

The refinancing of Umbro "could take another two months to complete," according to Patrick Harverson of the FINANCIAL TIMES. Umbro CEO Larry Ramaekers said that the company was looking to raise "subst

Tags: Finance

02/27/98
LES OTTEN, MORE PROFIT: AMERICAN SKIING CO. REPORTS GAINS

ME-based American Skiing Co. announced that total revenues for the second quarter, ended January 25, increased to $115.3M from $61.2M for the comparable period last year. Net income for the second qua

Tags: American Skiing Co., Finance

02/27/98
LYNX AND VISUAL EDGE'S ONE-ON-ONE GET FINANCING BOOSTS

CA-based Lynx Golf has "obtained a $3.55 million bridge loan" from Union Planters Bank of St. Louis, according to the SAN DIEGO UNION-TRIBUNE. The loan was "secured" by the company''s assets and is du

Tags: Finance, Minnesota Lynx

02/27/98
FINANCE NOTES

FORBES'' Peter Spiegel examines consolidation in the sports marketing business and writes that "small two- or three-lawyer shops" are an "endangered species." Spiegel: "Pushing the consolidations is t

Tags: Champ Car World Series, Finance

02/26/98
NIKE TREMORS STILL FELT; 1,500 REDUCTIONS POSSIBLE

While "knowledgeable sources" say that Nike could lay off 1,500 of its employees, "the company said it hadn''t determined how many people would be let go or where," according to Jeff Manning of the Po

Tags: Finance, Nike, Time Warner

02/25/98
NIKE SAYS ITS THIRD QUARTER EARNINGS WON'T MEET ESTIMATES

Nike announced that it expects its third quarter earnings ending February 28 to be between $.24 to $.28 per share, below the First Call estimate of $.38 per share. Nike added that its earnings for the

Tags: Finance, Nike, Salomon Smith Barney, Time Warner

02/25/98
COMCAST REPORTS WIDER THAN EXPECTED LOSSES IN FOURTH QUARTER

Comcast Corp. reported "much wider losses" for its fourth quarter of ''97 and the full year ended December 31, although annual revenues increased 21.6%, according to Richard Morgan of VARIETY. Comcast

Tags: Comcast-Spectacor, Finance, Sprint

02/05/98
REEBOK ANNOUNCES CUTS OF 500 JOBS IN RESTRUCTURING

Reebok plans to cut 500 administrative jobs in the first quarter, or 10% of its work force, "as part of a multimillion-dollar restructuring to reduce costs," according to a wire report in the BOSTON G

Tags: CBS, Finance, News Corp./Fox, Reebok, Viacom

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