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Judge Dismisses Lawsuit Against NFL Over Painkiller Distribution

Published in SportsBusiness Daily on 12 / 17 / 14

A federal court judge today dismissed a lawsuit against the NFL brought by former players alleging the league failed to oversee the distribution of prescription painkillers. Judge William Alsup ruled that the lawsuit was preempted by federal labor law, as the NFL had contended, because the pl...

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06/10/14
Bauer To List Shares On NYSE Under New Name

Bauer Performance Sports yesterday said that it "plans to list its shares on the New York Stock Exchange and change its name to Performance Sports Group Ltd, as part of a move to reflect its recent strategic acquisitions and expanded focus," according to REUTERS. Bauer earlier this year announced it ...

Tags: Finance, Bauer Inc.

06/04/14
Callaway Growing Global Brand In '14

While Callaway Golf "recently reported strong first-quarter results," President & CEO Chip Brewer "knows there is more convincing to do among current and potential investors," according to Ronald White of the L.A. TIMES. Brewer said Callaway is "clearly a historical brand." He added, "It's been ...

Tags: Callaway Golf, Finance

05/19/14
WWE In Flux After TV Strategy Backfires

Questions are "emerging about what the future holds for WWE" after the company's stock plunged 44% on Friday after Chair Vince McMahon "failed in a high-stakes effort to wring a huge increase in television fees it receives" from NBCUniversal, according to Merissa Marr of the WALL STREET JOURNAL. The ...

Tags: WWE, Finance

05/19/14
Corbis Buys WSM Communications

Entertainment marketing company Corbis Entertainment bought U.K.-based sports marketing company WSM Communications for an undisclosed amount in ­ a move that allows Corbis to expand into the sports sponsorship marketplace. A formal announcement is expected to come this week. Corbis Exec VP Mark Owen ...

Tags: Finance

05/16/14
Stephen Ross Could Acquire YinzCam

Dolphins Owner Stephen Ross’ FanVision is in talks to acquire YinzCam, which develops in-stadium apps for 25 NFL teams, as well as clubs in other leagues. A source said that the negotiations, which stem from settlement talks over a patent lawsuit Ross’ company filed in '12 against YinzC ...

Tags: Finance

05/16/14
AP, Fox Sports Selling Stats LLC

The AP and Fox Sports on Thursday night announced that they have sold their joint holding in sports data services company Stats LLC to S.F.-based private equity firm Vista Equity Partners. Financial terms were not disclosed. Stats has steadily built a dominant profile within the data service industr ...

Tags: Fox, Finance

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

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