Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, which poses a direct challenge to the Murdoch family’s control over the media conglomerate. This bold move has significant implications for the company’s governance and future decision-making processes. Starboard’s initiative was in the form of a non-binding shareholder resolution, indicating a
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The Green Bay Packers are the only team in the National Football League that operates under a publicly owned structure. This ownership model dates back more than a century and is a stark contrast to the private ownership that is common among other professional sports teams. The Packers have undergone six stock offerings since their
As we embark on CNBC’s inaugural Official NFL Team Valuations, it is crucial to understand the intricate factors that contribute to a professional football team’s overall franchise value. The rankings, crafted by CNBC’s senior sports reporter Michael Ozanian, take into account various elements such as revenue, profit, and debt to effectively assess the financial standing
Steph Curry, the legendary four-time NBA Champion, is already strategizing for life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for the future, which include his existing businesses and aspirations post-retirement. At 36 years old, Curry is not only focused on excelling in the
The resurgence of the NFL season is expected to bring in record-breaking figures in sports betting. According to the American Gaming Association, U.S. adults are projected to wager an estimated $35 billion this NFL season. This marks a significant increase of more than 30% compared to last year’s numbers, where Americans wagered $26.7 billion on
Ulta Beauty experienced a 7% decrease in shares after falling short of second-quarter expectations and revising its full-year guidance downwards. The company reported a decline in same-store sales, which came as a surprise to many investors. This marks Ulta’s first earnings per share miss since May 2020 and its first revenue miss since December 2020.
The restaurant industry has faced significant challenges in 2024, with a surge in bankruptcy filings prompting concern over the long-term health of the sector. Various prominent restaurant chains have filed for Chapter 11 bankruptcy protection in recent months, illustrating the intense financial pressures facing the industry. This article will delve into the causes behind these
The landscape of cannabis consumption in New York has drastically changed, with the legalization of adult-use marijuana leading to a surge in licensed cannabis sales in the state. Over the past 3 1/2 years, legal avenues for cannabis consumption have gained momentum in the luxury market, symbolized by the opening of dispensaries on Fifth Avenue.