Van Wagner Sports Invests In CineSport Puma Reports Decline In Q1 Earnings ESPN Helps Boost Disney's Q2 Income IMG Reportedly Rejected $2B Bid SMI Reports Loss Of $1.3M For Q1 Callaway Golf Sees $42M Q1 Profit UA Exceeds Q1 Earning Expectations IMG Golf Acquires IGP S&E Sources: CAA Prepping Bid For IMG IMG Memo: Do Not Discuss Company's Sale
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Van Wagner Sports Makes Minority Investment In Winik's CineSport05 / 17 / 13Marketing and sales outfit Van Wagner Sports & Entertainment has made a low seven-figure, minority equity investment in CineSport, a New Jersey-based online sports video company. CineSport, founded and run by former NBA exec Gregg Winik, provides video content to many local and national news org... Tags: Finance |
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SMI Reports Q3 Profit Of $11M
Speedway Motorsports, Inc. today reported a Q3 profit of $11M, but said that the economy continues to affect the consumer and corporate spending that drive the company's business. Total revenues for Q3 were $142.3M, down from $177M in '11. The decrease was primarily a result of the fact that Kentuck ...
Tags: Finance, Speedway Motorsports Inc.
Nike To Sell Umbro For $225M
Nike today announced it has reached an agreement to sell its Umbro brand to Iconix Brand Group for $225M. The transaction is expected to close by year's end. Nike earlier this year announced its intentions to divest of Umbro and Cole Haan . Nike President & CEO Mark Parker said, "Umbro has a gr ...
Li Ning Sells $175M Stake In Sportswear Brand
Li Ning, the former Chinese Olympic gymnast, "plans to sell a 25 percent stake" in his namesake sportswear brand to Viva China Holdings -- a talent management firm he controls -- for US$175M, "knocking Li Ning's shares on concerns about his commitment to the group," according to Donny Kwok of REUTER ...
Source: Oracle's Ellison Interested in AEG
Oracle Founder & CEO Larry Ellison "is interested in a potential bid" for AEG, according to sources cited by Grover & Damouni of REUTERS. Sources said that Ellison's interest in AEG, whose owner Phil Anschutz wants initial bids in the $10B range, "is preliminary." One of the main attractions ...
Nike Q1 Profits Fall 12% To $567M
Nike in the quarter that ended Aug. 31 reported that its profit “fell 12 percent to $567 million compared to $645 million the same period last year,” according to Allan Brettman of the Portland OREGONIAN. Diluted earnings per share decreased 10% to $1.23 compared to $1.36 last year. Comp ...
Centerplate To Complete Buyout
Centerplate officials have announced they will complete a management-led buyout of the sports concessionaire in Q4 '12 in a partnership with investment firm Olympus Partners. The transaction is valued at $551M, said Centerplate President & CEO Des Hague. Centerplate’s senior execs, in ...
Tags: Finance, Centerplate
Foot Locker Profits Soar In Q2
Foot Locker reported “a 59% rise in second-quarter profit, as new colors and materials used in the latest athletic gear stimulated demand,” according to John Kell of the WALL STREET JOURNAL. The company's share price “is up 47% this year after gaining 1.7% Friday to $35.09, a level ...
Tags: Finance, Foot Locker
Revenue Up For Disney In Q3
Revenue for Disney’s Q3 was up 4% to $11.09B, "held down because of a timing shift in the recognition of ESPN-related affiliate fees,” according to Brooks Barnes of the N.Y. TIMES. At Media Networks, the Disney unit that includes ESPN, ABC and cable channels such as ABC Family, “op ...
Churchill Downs Inc. Q2 Profits Set New High
Churchill Downs Inc. yesterday said that Kentucky Derby week helped push the company “to record revenues and profits in its second-quarter,” according to Gregory Hall of the Louisville COURIER-JOURNAL. Net earnings for the April-to-June period “reached a record $48.6 million, or $2 ...
Tags: Finance, Churchill Downs Inc.
Callaway Expecting Weaker Sales Rest Of Year
Callaway Golf posted Q2 sales and earnings "generally in line with Wall Street’s estimates on Thursday but expects weaker results for the rest of the year as it takes steps to turn around its ailing business,” according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway “repo ...
Tags: Golf, Callaway Golf, Finance
