Hints and tips:
...Sixth Street has hired Russell Wolff, an ESPN veteran who most recently led the network’s streaming platform, as a senior member of its sports and media investing team....
...Total fees for US sports media rights paid by broadcast, cable, streaming and regional networks such as Diamond are expected to be $25.6bn in 2023, according to S&P Global Market Intelligence, up from $14.6bn...
...In further sign of tumult in sports media, Diamond Sports Group, the largest holder of US regional sports networks, filed for Chapter 11 bankruptcy this week....
...Staff at more than 150 higher education institutions will walk out in a long-running dispute over pay and conditions while regional ambulance staff in England and Northern Ireland will hold various strikes...
...It has already seriously undermined his geopolitical agenda, forcing him to cancel scheduled meetings with Pacific Island nations and Asian partners in the Quad security network....
...Monday Deloitte publishes its annual survey of chief financial officers UK, regional PMI data published by S&P Global US, former Amazon executive David Risher is appointed the new boss of ride-hailing...
...Although its investments span YES, the Yankees’s regional sports network, and Fenway Sports Group, the owner of Liverpool FC and the Boston Red Sox, AC Milan is by far its highest-profile deal....
...Such a move would undercut the already ailing industry of regional sports networks and local cable channels which obtain broadcast rights to local sports teams....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...Germany’s economics ministry referred questions to the Brandenburg state government, which said that although there may be “temporary and regional bottlenecks” it expected supply to be maintained....
...The S&P 500 fell 1.7 per cent, marking its worst trading day since May....
...While the firm includes other assets, such as a regional sports network and a Nascar team, it reflects a significant appreciation of the prices Henry paid for the Red Sox and Liverpool: $660m and £300m,...
...L in Hollywood”....
...Last year, a flurry of deals for regional sports networks included a $10.6bn acquisition by Sinclair Broadcast Group as well as a tie-up of investors for an 80 per cent stake in the YES Network, the local...
..., MLB was dealing with the fallout of the Houston Astros sign-stealing scandal, an existential crisis at every level of the sport from the dugout to the front office....
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...The benchmark S&P 500 index was down 3 per cent in afternoon trade and was on track for its worst weekly performance since the market ructions in March....
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...At which point, I yelled three letters at the television: L, B and J, as in Lyndon Baines Johnson....
...The FT has launched a new email on the business of sport called Scoreboard. Sign up here. (FT) Who will be the next WTO DG?...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...On TV, we note Telia having changed how/when they account/accrue for Sports content costs (pushed to later quarters)....
...On a financial level, this “marketplace” service is beginning to be felt on the P+L: it contributed €30m of gross profit, 6 per cent of the €474m total, in the fourth quarter of 2019....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
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