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WME Outlines Plans To Cut $151M In Costs Out Of IMG After Acquisition Deal Closes

04 / 14 / 14

INSIDE IMG: THE FINANCIALS Revenue By Division Year College Media & Entertainment Sports Total 2011 $331 ...

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Tags: William Morris Endeavor, IMG, Finance

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09/10/13
ScoreBig.com Closes $10M Round Of Financing

Discount ticket-seller ScoreBig.com has closed a $10M Series C round of financing led by Checketts Partners Investment Fund (CPIF), which is run by Legends Hospitality Management CEO Dave Checketts. ScoreBig.com also has brought on long-time company advisor and former Ticketmaster exec David Goldber ...

Tags: Finance

08/19/13
Hillerich & Bradsby Obtains New Credit Line

Louisville Slugger parent company Hillerich & Bradsby said that it obtained a roughly $40M credit facility "from Wells Fargo on Aug. 2 after running into problems with its existing lender," according to Emily Glazer of the WALL STREET JOURNAL. The company is "trying to rebound from a series of m ...

Tags: Finance

08/08/13
Time Warner's Q2 TV Revenues Rise

Time Warner reported Q2 results yesterday, and the company's TV network revenue rose 6.8% to $3.84B, "boosted by an 11% increase in ad revenue," while operating profit rose 31% to $1.27B, according to Sharma & Chaudhuri of the WALL STREET JOURNAL. TNT "benefited from strong viewership of the NBA ...

Tags: Finance, Time Warner

08/07/13
ESPN Boosts Disney's Q3 Earnings

Disney reported its Q3 results yesterday, and while marketing costs for the film "The Long Ranger" "held back quarterly profits at the company," higher advertising fees at ESPN "helped lift earnings above analyst expectations," according to Matthew Garrahan of the FINANCIAL TIMES. Higher affiliate f ...

Tags: Finance, ESPN

07/31/13
SMI Sees Revenue Decline During Q2

Rain during NASCAR weekends in Sonoma and Charlotte combined with the weak economy triggered a decrease in ticket sales and a decline in Q2 revenue at Speedway Motorsports Inc. Revenue fell to $176.8M, a 2.3% decrease from the same period last year. Most of the decrease stemmed from diminishing tick ...

Tags: Finance, Speedway Motorsports Inc.

07/31/13
Better Stock Buy: Nike Or UA?

If you "simply evaluated" Nike and Under Armour based on the recent quarterly results and future growth opportunity, the conclusion of which is currently a better stock buy "is a very easy answer: It's Under Armour," according to CNBC's Jim Cramer. UA reported "incredible results" as gross ...

Tags: Finance, Nike, Under Armour

07/30/13
Anschutz Invests In PlayerLync

AEG Chair Phil Anschutz is "throwing his financial muscle behind technology startup PlayerLync, maker of iPad playbooks" for the Broncos and 15 other NFL teams, according to Andy Vuong of the DENVER POST. Anschutz' investment will allow Englewood, Co.-based PlayerLync to "expand its software platfor ...

Tags: AEG, Finance

07/26/13
Under Armour Sees 20% Revenue Growth

Under Armour shares "spiked 12.2 percent on Thursday after the company announced a 13th quarter in a row of more than 20 percent revenue growth," according to Chris Korman of the Baltimore SUN. UA earned $17.6M in "the April-to-June quarter, 163 percent more than" its $6.7M profit in the same quarte ...

Tags: Finance, Under Armour

06/28/13
Nike's Q4 Profits Up 22%

Nike's fiscal Q4 profit jumped 22%, "boosted by higher sales of shoes and apparel, while gross margins expanded for the second consecutive quarter," according to John Kell of the WALL STREET JOURNAL. Nike also "forecast growth" for the Q1 and full year that "met Wall Street's expectations, but warne ...

Tags: Finance, Nike

06/14/13
Shamrock Looking To Sell Stake Of Learfield

Shamrock Capital Advisors, an L.A.-based private equity firm that owns the majority of Learfield, is looking to flip the college sports media and marketing agency. Shamrock acquired close to 80% of Learfield for $80M in December '11 and has begun the process of selling it after nearly 19 months of o ...

Tags: Finance

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