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Jim Rome's Show On CBS Sports Network Ending, But He Will Remain With The Company

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CBS is ending Jim Rome's daily show on CBS Sports Network, "Rome." The decision is being described as mutual, and Rome will stay with CBS and focus on other radio and TV projects. CBS will continue to produce the show through late March, but the show's staff was told this week that the its two-year ...

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KKR Withdraws IMG Bid

KKR has withdrawn its bid to buy IMG, reducing the total number of bidders for the company to three. Sources familiar with the process said the three finalists are the Carlyle Group; a consortium led by CVC Capital Partners and former News Corp. exec Peter Chernin; and a joint bid from William Morri ...

Tags: Finance, IMG

Bornstein, Shapiro Advising Competing Bids For IMG

NFL Network President & CEO Steve Bornstein is "playing a behind-the-scenes role in the auction of sports agency IMG by advising a bidders group headed by British money management firm CVC Capital Partners," according to Grover & Richwine of REUTERS. Sources said that Bornstein "would be a t ...

Tags: IMG, Finance

CAA Out Of Hunt For IMG

CAA and its partner TPG "did not make the cut for the second round of bidding" for IMG, according to Cynthia Littleton of VARIETY. Sources said that IMG's "rivalry in the sports representation and marketing business with CAA may have played a part in the latter getting axed from the process." CAA an ...

Tags: Finance, IMG

Disney Reports Higher Q4 Earnings

Disney for its Q4 "reported higher earnings despite declines at its media network group," according to Jon Lafayette of BROADCASTING & CABLE. The company's net income rose 12% to $1.4B, or $0.77 a share, from $1.2B, or $0.68 a share, a year ago. Disney saw "big gains" from its Parks & Resort ...

Tags: Finance, ESPN

Second Round Of Bids For IMG Were Due Thursday

The second round of bids to buy IMG were due Thursday, according to sources familiar with the company’s sales plan. A total of 10 prospective buyers sat through IMG management presentations in the last month, but it is unclear how many of the interested buyers submitted bids Thursday. Among th ...

Tags: Finance, IMG

Adidas' Q3 Operating Profit, Sales Drop

adidas today said that Q3 operating profit dropped 6% and sales fell 7%, "hit by distribution problems in Russia, currency effects and poor sales of golfing products," according to Victoria Bryan of REUTERS. Results during Q3 last year were "boosted by the Olympics and the European soccer championsh ...

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21st Century Fox Revenues Exceed Forecasts

21st Century Fox’ Q3 profits saw "a drag" from investments in new cable channels, but total revenues "still surpassed analysts’ expectations," according to Brian Stelter of the N.Y. TIMES. Fox yesterday reported that in its first three months as a separate company, its revenues totaled $ ...

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SMI Sees Ticket Sales Decrease In Q3

Weak economic conditions and poor weather contributed to decreases in Q3 ticket revenue at Speedway Motorsports Inc. The company reported total revenue of $137.5M for the quarter, a 3% decrease from the $142.3M it reported for the same period last year. Ticket revenue totaled $32.9M for the quarter, ...

Tags: Finance, Speedway Motorsports Inc.

Chime Communications Buys JMI For $76M

London-based Chime Communications Friday announced a $76M acquisition of Just Marketing Int'l, the Indianapolis-based motorsports marketing agency. The deal is the largest sports-related acquisition Chime has made since creating a sports subsidiary, CSM Sports & Entertainment, in '07. JMI is CSM ...

Tags: Finance

Foster Injury Comes At Bad Time For Fantex

Texans RB Arian Foster aggravated a hamstring injury in Sunday's game against the Chiefs, and his "latest health concern was exactly the type of bad news" S.F.-based sports technology startup Fantex "had hoped to avoid" when it announced its IPO plans for Foster last Thursday , according to Peter L ...

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