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SportsBusiness Saturday Launches This Weekend!

Published in SportsBusiness Daily on 10 / 31 / 14

Our latest news feed will be delivered directly to your in-box every Saturday morning. SportsBusiness Saturday will provide insight into the week that was, show you what’s trending in the industry and provide links to our most-read stories of the week across SportsBusiness Daily/Journal/Global. It w...

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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

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

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