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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Chartwell Investments Divesting RCR Stake
Richard Childress Racing yesterday announced that minority owner Chartwell Investments plans to sell its stake in the NASCAR team. Chartwell, a private equity firm that invested in RCR in '03, has hired Joe Ravitch's Raine Group to assist in finding a buyer for its stake in the team. RCR Owner Richa ...
Callaway Golf Cuts 250 Employees
California-based Callaway Golf yesterday "cut 250 employees from its worldwide workforce of 2,100," according to James Achenbach of GOLFWEEK. The company said that the 12% reduction of staff and "other initiatives are expected to generate $52 million in gross annualized savings and will cost an esti ...
Tags: Finance, Callaway Golf
Li Ning Sees Surge In Stock Amid CEO's Departure
Chinese apparel brand Li Ning “surged in Hong Kong trading after its chief executive officer stepped down and private-equity firm TPG Capital said it could boost investment in the sportswear retailer if needed,” according to Chan & Lee of BLOOMBERG NEWS. The company in a statement sa ...
ISC Sees Upped Revenue For First Half Of '12
ISC today reported a modest increase in revenues for the first half of the year but said admissions revenue continues to be challenged by the economy. Total revenues for the first six months of the year increased to $307M from $287.4M over the same period last year. Net income was relatively flat at ...
Tags: Finance
Nike Reports A 7.6% Drop In Profit For Q4
Nike reported a 7.6% "drop in profit for its fiscal fourth quarter despite solidly higher sales as higher marketing costs pressured margins," according to John Kell of the WALL STREET JOURNAL. The company's "gross margin narrowed for a sixth-straight quarter on a year-over-year basis." The latest de ...
Web Retailer Fanatics Valued At $1.5B
In a week when online licensed sports product retailer Fanatics Inc. completed its acquisition of fellow online sports retailer Dreams, it also received an indication of its worth. A 10% equity stake from Insight Venture Partners, was purchased for $150M, meaning the biggest online licensed sports r ...
Tags: Finance
Callaway President Seeks To Improve Market Appeal
Callaway President & CEO Chip Brewer is focused on “cutting costs, selling assets and trying to put Callaway’s playing equipment back at the forefront of consumer’s minds,” according to Sam Mamudi of MARKETWATCH. Brewer has a goal “to reverse the long slide of the c ...
Tags: Finance, Callaway Golf
Golf Town To Acquire Golfsmith
Austin-based Golfsmith International Holdings yesterday announced it has agreed to a $97M sale to Canadian golf retailer Golf Town in a deal "that will create the world's largest specialty golf retailer,” according to Lori Hawkins of the AUSTIN AMERICAN-STATESMAN. Golf Town, which has 54 store ...
Tags: Finance, Golfsmith International Inc., Golf
Disney Reports Strong Quarterly Earnings
Walt Disney Co. reported “strong quarterly earnings, helped by robust television and theme park income,” according to Dawn Chmielewski of the L.A. TIMES. Disney posted quarterly net income of $1.14B, up 21%. Revenue rose 6% to $9.6B for the second quarter ended March 31 compared wit ...
Tags: Finance, Walt Disney
Cablevision Reports Drop In Q1 Profit
Cablevision reported “a drop in first-quarter profit, due in part to weaker cable earnings,” according to Ramachandran & Launder of the WALL STREET JOURNAL. CEO James Dolan also said he plans to stay in his operating role "at least through this year and beyond." Cablevision also ...
Tags: Finance, Cablevision Systems Corp.
