FORBES' Peter Spiegel examines consolidation in the
sports marketing business and writes that "small two- or
three-lawyer shops" are an "endangered species." Spiegel:
"Pushing the consolidations is the increasing role of
corporate sponsorship. ... The big sports agencies offer
their services to corporate clients looking to get
themselves noticed by sports fans" (FORBES, 3/9 issue).
NOTES: NSSN's Steve Mayer goes inside CART's planned
IPO and reports "top" execs have been "granted substantial
stock options." Among them: CART CEO Andrew Craig (600,000
shares), CFO Randy Dzierzawksi (300,000 shares), VP/
Logistics Dennis Swan (20,000) and VP/Competition Kirk
Russell (40,000). At an offering of $15 a share, Craig has
the option to purchase $9M of CART shares (NSSN, 2/25).
...TCI's TCI Gameco Holdings unit sold its 4.3 million-share
stake in Acclaim Entertainment (WALL STREET JOURNAL, 2/27).