Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

Financial Notes: ITV Stock Drops Amid Advertising Sales Fears

ITV was "a faller on Tuesday on fears that advertising sales have turned negative." Morgan Stanley downgraded the broadcaster to “equal weight” ahead of its first-quarter trading update due on Thursday. Feedback from media buyers suggests May sales were "stagnating," having been up about 6%. It forecast ad sales at ITV channels to fall in '16, "in spite of a boost from the Euro 2016 football tournament in June" (FINANCIAL TIMES, 5/10).

Kenyans using mobile-money platform M-Pesa to bet on the outcome of sporting events helped Vodafone's unit in the East African country "boost transaction volumes by 48 percent in the past year." Safaricom CEO Bob Collymore said that service, offered by Safaricom Ltd. in East Africa's biggest economy, "is now transacting" about 5B shillings ($50M) a day. Collymore said, "We’re seeing tremendous growth. Sports betting is one which is using M-Pesa a lot and had we not done this we would have really struggled to meet capacity there. That sector has now absolutely overtaken everyone else" (BLOOMBERG, 5/9).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/11/Finance/notes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/05/11/Finance/notes.aspx

CLOSE