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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Comcast Profit Rises 30%
Comcast reported a 30% increase in its Q1 profit "as strength in its broadband business helped offset weaker results from its TV networks," according to Ramachandran & Launder of the WALL STREET JOURNAL. Revenue increased 23% to $14.88B, "although that growth was only 9.6% on a pro forma basis, ...
Tags: Finance, Comcast Corp.
SMI Sees 2.1% Drop In Q1 Revenue From '11
The weak economy continues to challenge NASCAR's track companies. Speedway Motorsports, Inc. (SMI) today reported Q1 revenue decreased 2.1% from last year to $84.8M and attributed the drop to high unemployment and high gas prices, which dampened demand for tickets at its recent races. Admission ...
Tags: Finance, Speedway Motorsports Inc.
Callaway Reports Profits Are Up, Sales Are Down
Callaway Golf, “which is in the midst of a tough restructuring with a new CEO in charge, may be on the verge of a turnaround as profits jumped to $32 million in its first quarter, up 11 percent over the same year-ago period,” according to Pat Maio of the NORTH COUNTY TIMES. In Q1 which ...
Tags: Finance, Callaway Golf
Havas Media Acquires Ignition Marketing Agency
Global media company Havas Media has acquired Atlanta-based Ignition, the marketing agency most noted for its work organizing the Olympic Torch Relay. The acquisition will see Ignition become a part of Havas Sports & Entertainment. Ignition brings with it relationships with clients such as Ameri ...
Tags: Finance
WMG Receives $25M In Funding
Wasserman Media Group “is making a growth play," thanks to a $25M investment from Highbridge Capital Management, according to Claire Atkinson of the N.Y. POST ( 3/30 ). In Monday's issue of the SPORTSBUSINESS JOURNAL, Tripp Mickle reports that WMG “plans to use the ...
Tags: Finance, Wasserman Media Group
Nike Reports Q3 Profit
Nike Thursday reported “a 7 percent profit with net income increasing to $560 million and diluted earnings per share increasing 11 percent to $1.20,” according to Allan Brettman of the Portland OREGONIAN. Revenues “increased 15 percent to $5.8 billion; 16 percent on a currency ...
TaylorMade Buying Adams Golf For $70M
TaylorMade-adidas Golf today announced plans to acquire all of the outstanding shares of Adams Golf in a deal valued at about $70M. That represents a premium of approximately 71% to the share price prior to Adams' announcement in January that it was examining strategic alternatives. The Adams Golf B ...
Tags: Finance, Taylor Made Golf Co.
Adidas Sees Q4 Net Profit Gain
adidas announced today that net profit in Q4 ‘11 rose to $23.6M from $9.2M in the same period of the previous year due to lower expenses, according to Harriet Torry of the WALL STREET JOURNAL. Sales rose 11% on the year to $4.3B, "boosted by growth in North America and Greater China." The ...
SMI Posts A Net Loss For '11
Challenging economic conditions and decreased ticket prices swung Speedway Motorsports Inc. to a net loss in '11. The company today reported a net loss of of $6.4M compared to net gain of $44.5M in '10. Its total revenues increased by $3.6M largely as a result of a $7M increase in event-related reve ...
Tags: Finance, Speedway Motorsports Inc.
ESPN Helps Boost Disney's Q1 Profit
A strong performance by ESPN "helped drive a 12% increase" in Walt Disney Co.'s Q1 net income compared with a year earlier, according to Dawn Chmielewski of the L.A. TIMES. Net income rose to nearly $1.5B for the period, up from $1.3B a year earlier. Disney reported that revenue for the quarter ende ...
Tags: Finance, ESPN, Walt Disney Co.
