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Prosecutors, Defense Attorneys In Talks To End Ecclestone Trial

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Prosecutors and attorneys for  Bernie Ecclestone are "in talks about a possible deal to end" the F1 CEO's bribery trial in Germany. His defense team today called for "proceedings to be closed, citing a lack of evidence that Ecclestone was criminally responsible and asserting that the proc...

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05/13/14
Levy Acquires Professional Sports Catering

Levy Restaurants "has acquired" minor league baseball concessionaire Professional Sports Catering, and the transaction "boosts Levy’s market share in minor league baseball and gives PSC greater leverage as it pursues new business," according to Don Muret of SPORTSBUSINESS JOURNAL. The pur ...

Tags: Levy Restaurants, Finance

05/09/14
CBS Sees Q1 Revenue Drop

CBS Corp. said that Q1 net income “rose just 1.1% as the company faced difficult comparisons with a year-earlier period that included a broadcast of Super Bowl XLVII,” according to Brian Steinberg of VARIETY. Revenue came to $3.86B in the period, compared with $4.04B a year earlier. CBS ...

Tags: Finance, CBS

05/08/14
Super Bowl Ads Boost Fox' Q3 Profits

21st Century Fox reported Q3 profit "beat Wall Street projections, thanks in part to strong advertising sales" for Fox' Super Bowl XLVIII telecast, according to Meg James of the L.A. TIMES. The company reported a Q3 profit of about $1B, with "most of the growth coming from its broadcast and cab ...

Tags: Fox, Finance

05/07/14
ESPN Helps Boost Disney In Q2

Higher fees for ESPN helped to deliver Q2 results for Disney that were "nothing short of spectacular," according to Brooks Barnes of the N.Y. TIMES.  The company yesterday reported net income of $1.92B, up 27% from $1.51B in the year-ago period. Disney's largest division, Media Networks, which ...

Tags: Finance, Walt Disney, ESPN

05/06/14
Adidas Sees Q1 Sales, Profit Drop

adidas' Q1 net profit “plunged because of unfavorable currency effects and weakness at its TaylorMade-Adidas Golf business,” according to Neetha Mahadevan of the WALL STREET JOURNAL. Net profit “fell 34%” to $283.2M, while sales “fell 6%” to $4.92B. adidas “ ...

Tags: Finance, Adidas

04/30/14
Bad Weather In Bristol Hurts SMI's Q1 Revenue

Speedway Motorsports Inc. said cold, wet weather during the NASCAR Sprint Cup Series race weekend at Bristol Motor Speedway dampened total revenue for Q1 this year. The company, which owns nine motorsports facilities, generated $84.5M in total revenue for the quarter, a slight uptick from the $ ...

Tags: Finance, Speedway Motorsports Inc.

04/25/14
UA Sees Big Sales, Profit Gains In Q1

Under Armour saw "profit and sales soar in the first quarter, beating analysts' estimates, but the market punished the athletic wear brand's stock, which fell" more than 7% on Thursday, according to Lorraine Mirabella of the Baltimore SUN. UA attributed its "strong performance" in Q1 to "demand ...

Tags: Finance, Under Armour

04/25/14
Callaway Posts Strong Q1 Results

Callaway Golf saw "market share gains across nearly all of its club and ball product lines," which propelled the company to "strong financial results for the first quarter, but concerns that the momentum won’t last sparked a sell-off" of its shares on Thursday, according to Mike Freeman of the ...

Tags: Finance, Callaway Golf

04/24/14
CDI Posts Small Loss During Q1

Revenue from Churchill Downs Inc.’s "three main business segments -- racing operations, casinos, and online betting -- were all up" in Q1 compared with the same period last year, but CDI "still posted a small loss for the period," according to financial documents cited by Matt Hegarty of DAILY ...

Tags: Finance, Churchill Downs Inc.

04/22/14
Sochi Games Provide Q1 Jolt For NBCUniversal

The Sochi Games "boosted TV ratings, revenue and profit" at NBCUniversal, while parent company Comcast "reported its second quarterly video subscriber increase in a row," according to Georg Szalai of the HOLLYWOOD REPORTER. NBCU "aired the Winter Games on its broadcast and cable networks in the late ...

Tags: NBC, Finance, Comcast Corp.

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