The News Review:
- Brown Shoe Reports Third Quarter Financial Results; Updates 2008 …
- Execs agree deal’sa milestone
- Susan Lucci Caught Up in Detroit Drama
- The Walt Disney Company Reports Earnings for Fiscal Year 2008
Brown Shoe Reports Third Quarter Financial Results; Updates 2008 …
MarketWatchnbsp;
9 million in the year earlier period. During the
quarter the division opened seven stores and closed one resulting in 286
stores open in North America at the end of the quarter compared to 278 at the
end of the year-ago period. The division also opened two Naturalizer stores
in China under its BH Footwear joint venture for a total of 17 in operation
with an additional 36 stores in China operated by an affiliate of its joint
venture partner. Wholesale Division
Wholesale net sales declined 4. 8 percent in the quarter to $203. 4 million
compared to $213. 7 million in the year earlier period as the Company’s retail
partners tightly managed their inventory levels in the quarter due to the
weakening consumer environment.
Related from Sales-monster: eLong Inc. Reports Third Quarter 2008 Unaudited Financial Results
Execs agree deal’sa milestone
Sports Business Journal (subscription)nbsp;NCnbsp;
The deal which saw ESPN bid $100 million more than Fox to secure the BCS rights had attendees questioning what broadcasters had to do to be able to compete for future rights. Cable networks like ESPN have an advantage thanks to their dual revenue streams from advertising and affiliate sales. ESPN which gets about $4 per subscriber per month from cable and satellite operators pulls in more from affiliate revenue than other national cable networks giving it another advantage. The consensus seemed to be that broadcasters will have to change their strategy. ldquo;Therersquo;s this whole issue of retransmission consentrdquo; said Fox Sports Networks President Bob Thompson. ldquo;That can become their second revenue stream. You have to decide if yoursquo;re going to go after cash or get other channels launched on the cable side.
Susan Lucci Caught Up in Detroit Drama
AdAge.com (subscription)nbsp;
Worse Grant Thornton LLP said last month it was revising its estimate of the number of auto dealerships expected close in the next year drastically upward to 3800 from 2700. TV stations — whether affiliates or owned and operated by a network — are worried an automotive-industry crash combined with most soaps’ eroding daytime ratings might wreck their bottom lines. “We’re scared to death” said Kevin Lovell general manager of KVIA-TV in El Paso Texas and a member of the ABC affiliate board’s executive panel. Lovell added that at least 25% of his station’s ad revenue came from local auto dealers and that such ad revenue is down 25% for the year. “We just don’t know how much of it is coming back. We’re probably just going to have to live with less.
The Walt Disney Company Reports Earnings for Fiscal Year 2008
MarketWatchnbsp;
1
billion for the year driven by increases at ESPN higher income at our
cable equity investments and increases at ABC Family and the domestic
Disney Channels partially offset by a favorable settlement of a claim
with a distributor in the prior year at the international Disney
Channels. The growth at ESPN was driven by higher affiliate and
advertising revenue partially offset by higher programming
administrative and marketing costs. The increase in affiliate revenue
was due to contractual rate increases and subscriber growth. Increased
advertising revenues reflected improved rates and ratings. Growth at our
cable equity investments was primarily due to higher affiliate and
advertising revenue at Lifetime and a gain on the sale of a European
cable channel. The growth at ABC Family was primarily due to the absence
of Major League Baseball programming costs higher affiliate revenue
reflecting contractual rate increases and higher advertising revenue
reflecting higher average ratings and rates. The increase at the
domestic Disney Channel was primarily due to higher affiliate revenue
reflecting subscriber growth and contractual rate increases and strong
DVD sales of High School Musical 2.