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Relativity Media CEO RYAN KAVANAUGH “has pulled his studio back from the brink by landing a major cash infusion.” A source said that Toronto-based Catalyst Capital Group has acquired 100% of Relativity’s senior-secured debt valued at about $150M. Furthermore, the private-equity firm “has negotiated a deal to invest” $170M into the studio, “which will give Catalyst an undisclosed equity stake in the company and provide Relativity with the increased financial flexibility it was seeking for long-term growth” (HOLLYWOODREPORTER.com, 7/5).

McMurray (r) surprised staff and patients at
Florida Hospital Memorial Medical Center
CHARITY STRIPE: NBC's BOB COSTAS, who has hosted a fundraiser for the Cardinal Glennon Children’s Medical Center in St. Louis “for more than two decades,” announced that this year’s event would be its “final bow.” A total of $16M “has been raised over that time for research and medical care” at the hospital’s Costas Center (ST. LOUIS POST-DISPATCH, 7/5)....NASCAR Driver JAMIE MCMURRAY on Thursday visited staff and patients at Florida Hospital Memorial Medical Center in Daytona Beach (Florida Hospital).

NAMES: The upcoming film “TRAINWRECK” will “get an invitation-only screening” for Cavaliers F LEBRON JAMES’ family and friends in Akron on Friday, a week before it premieres nationwide. James plays himself in the film. Co-Stars AMY SCHUMER, BILL HADER, VANESSA BAYER, as well as director JUDD APATOW and Producer BARRY MENDEL, are “expected” at the screening (OHIO.com, 7/5)....Director PETER JACKSON, actor JOHN HURT and IAAF VP SEBASTIAN COE were among those in the Royal Box at Wimbledon on Friday (TWITTER.com, 7/3)....Late Fox broadcaster STEVE BYRNES was named the recipient of the ’16 Squier-Hall Award for NASCAR Media Excellence (NASCAR)....Former Oilers Owner PETER POCKLINGTON “avoided a six-month prison sentence after a court of appeal in California reversed a lower court ruling related to a probation breach” (CBC.ca, 7/3).

IN MEMORY: Former Virgina Tech AD JIM WEAVER, who “helped guide the Hokies into the ACC and their most successful era ever, passed away Thursday morning” at the age of 70. Weaver suffered from Parkinson's disease, a condition he was “first diagnosed with” in ‘04. He “stepped down” as AD in ‘13, citing health reasons. Weaver arrived in Blacksburg in ‘97, “overseeing the program for 16 years -- the second-longest tenure in school history” (AP, 7/2).

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.

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