Menu

Finance

ESPN Bet eyes N.Y. market with WynnBet purchase

Morning Buzz - 02/14/2024
Penn Entertainment, which owns and operates ESPN Bet, has "purchased WynnBet’s mobile sports gambling license" in N.Y. for $25M. ESPN Bet will reportedly launch in the state "later this year," pending approval from the N.Y. Gaming Commission. Since launching in July 2020 in N.J., WynnBet has "struggled to gain...

Digital marketer WIT lands new investment

Morning Buzz - 02/14/2024
WIT has secured an investment from McCarthy Capital as part of the firm’s Emerging Growth strategy.  Terms of the investment were not disclosed to SBJ, but a WIT spokesperson shared that digital activation platform “has been growing profitably and this investment will accelerate growth.” For companies that are...

Jefferies: TKO Group shares could spike over 39%

Closing Bell - 02/12/2024
Investment bank Jefferies "thinks investors should buy up TKO Group," calling the company a "knockout combo of two major entertainment giants." Analyst Randal Konik initiated TKO with a "buy rating and assigned a 12-month price target of $120," which "suggests shares could jump more than 39% from...

Georgia operating surplus down $10.5M

Daily - 02/09/2024
The Univ. of Georgia athletic department's $23.5M operating surplus is down $10.5M from last year and is the department's “smallest total since 2016,” according to Marc Weiszer of the Athens BANNER-HERALD. UGA said that if nearly $22M in expenses for capital projects and athletics’ $4.5M contribution to the university...

Springboks nearing $75M investment from ASG

Morning Buzz - 02/09/2024
The Springboks, South Africa’s national rugby team, are nearing a "game-changing" $75.6M investment deal with Ackerley Sports Group (ASG). This potential investment would "create a new business venture to manage the Springboks' diverse revenue streams," encompassing "everything from sponsorship and broadcasting to matchday income and content." While the South...

SEC reports nearly $853M in revenue for FY23

Closing Bell - 02/08/2024
The SEC "returned to its usual path of increasing income" during FY2023, as the conference reported total revenue of nearly $853M for the year ending Aug. 31, 2023 -- about $50M more than its total for 2022. That resulted in an average of about $51.3M being "distributed to each...

Disney beats earnings expectations in Q1 report

Morning Buzz - 02/08/2024
Disney "beat earnings expectations" for the first fiscal quarter of 2024, delivering net income of $2.15B -- which is about 58% higher than what it made a year earlier. Total revenue was $23.5B, "roughly flat" compared with the year-ago quarter. Disney's direct-to-consumer division, which encompasses Disney+, Hulu and ESPN+,...
Quote Of the day

The reason why we chose to be downtown is we really wanted that compelling backdrop. And when you see those sweeping scenes in Campus Martius, down Woodward, into Hart Plaza, that's the most beautiful show.

-- NFL Senior Dir of Events Nicki Ewell, on the league's reasons for choosing downtown Detroit as the location for this year's NFL Draft. DETROIT NEWS, 4/25.
PODCASTS

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record...
Read More

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two...
Read More

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini....
Read More

SBJ TV
×

Sports Media Podcast April 24 Whos Up Whos Down

Sports Media Podcast April 17 2024 The Big Get Molly Solomon

Watch

Sports Media Podcast March 27 2024

Watch
PROPERTIES
You have 1 article remaining this month.

Register for a free SBJ account to unlock one extra article per month.

© 2024 Leaders Group. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group.