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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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10/07/97
FOOT LOCKER EXPECTED TO REPORT 8-10% SLIP IN SEPTEMBER SALES

Foot Locker "is stumbling," according to Richard Wilner of the N.Y. POST. The 3,000-store chain is expected to report that same-store sales in the "key" September selling period slipped 8-10% from las

Tags: Finance, Foot Locker/Venator Group

10/01/97
MANCHESTER UNITED TEAMS WITH BSKYB AND GRANADA ON TV CHANNEL

Manchester United will establish its own TV channel, according to Patrick Harverson of the FINANCIAL TIMES. United CEO Martin Edwards said the team will set up MUTV in a joint venture with BSkyB and t

Tags: BSkyB, English Premier League, Finance, Manchester United

09/30/97
GART BECOMES SPORTING GOODS POWER PLAYER WITH SPORTMART DEAL

As reported in yesterday''s DAILY, CO-based Gart Sports Co. acquired IL-based Sportmart to form the second-largest sporting goods retailer in the U.S. Terms of the deal were not released, but Gart, wh

Tags: Finance

09/30/97
ECCLESTONE SET FOR FORMULA ONE IPO NEXT YEAR

Formula One CEO Bernie Ecclestone said that $2.5B flotation of Formula One Holdings (F1) "could happen as early as next year," according to Patrick Harverson of the FINANCIAL TIMES. A "dispute" betwee

Tags: BSkyB, Finance, Formula One, Washington Nationals

09/29/97
GART SPORTS CO. SET TO ACQUIRE SPORTMART INC.

CO-based Gart Sports Co. will announce today that it will acquire "the much larger" IL-based Sportmart Inc., creating the nation''s second-largest chain of sporting goods stores, according to John Reb

Tags: Finance

09/25/97
ARE CAUTION FLAGS BEING WAVED ON AUTO-RACING STOCKS?

After a "thrill-a-minute start" Int''l Speedway (ISC) and Speedway Motorsports (SMC), two of the largest owners of stock-car racetracks, "are slowing down," causing fans on Wall Street "to start wavin

Tags: Finance, Int'l Speedway Corp., NASCAR

09/23/97
BLOOMBERG EXAMINES SNEAKER INDUSTRY: CAN ANYONE CATCH NIKE?

The athletic shoe industry was examined by Charlie Pellett of "Bloomberg Business News." Pellett reported that with "over" 43% of the U.S. sneaker market, "at this time it is unlikely that any one com

Tags: Finance, Nike, Washington Nationals

09/23/97
ADVANTAGE SETS ITS UK ARM INTO ORBIT WITH MERGER

Advantage Int''l announced that UK-based sports marketing group Orbit Int''l, which is part of the Lowe Group, will merge with Advantage UK in October ''97. Orbit Chair Ian Wight, who will join the Bo

Tags: Finance

09/23/97
BEN HOGAN CO. MAY BE SUBJECT OF A THREE-WAY BIDDING WAR

Spalding Sports Worldwide, backed by its parent, Kohlberg Kravis Roberts & Co., "is interested in buying all of" Ben Hogan Co., including its golf-ball manufacturing plant in OH, according to Lynn Hen

Tags: Finance, Russell Athletic, Washington Nationals

09/22/97
ADIDAS "OUTMANEUVERED" NIKE WITH PURCHASE OF SALOMON

In the wake of adidas'' $1.3B purchase of Salomon, adidas and Nike "are squaring off to see which will dominate the sporting-goods market in the next century," according to Woodruff & Trinephi of BUSI

Tags: Finance, Nike, Washington Nationals

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