If you think Knicks fans are peeved that team owner Madison Square Garden let the Houston Rockets swipe instant superstar Jeremy Lin, you should see how the team's stockholders have been reacting.
There is no shortage of winners when it comes to the surprising ascent of basketball star Jeremy Lin: the Knicks; Madison Square Garden Inc.; the fans; the NBA; Linsanity T-shirt sellers. But the loser has been Time Warner Cable, and its losing streak could last awhile.
The Walt Disney Co. said Wednesday that it reached a long-term agreement with the nation's largest TV signal provider, Comcast Corp., that extends their partnership into the next decade. The deal covers major pay channels ESPN, Disney Channel and ABC Family and the retransmission of free ABC broadcast network programs through seven ABC TV stations. It allows Comcast subscribers to gain greater access to shows on demand over the Internet on multiple devices.
Apple could be about to make TV buffs very happy. 2012's Apple TV launch may be accompanied by an Internet-based TV service for which viewers will finally be able to choose which channels they want without having to pay for hundreds they don't.
After months of bitter negotiations, NBA owners and players finally agreed to terms, and a pro basketball season will start on Christmas Day. So who besides players, owners and fans will benefit? Let's start with stockholders in these companies.
The Super Bowl champion Green Bay Packers got the NFL's approval this week to sell more stock to the public, but even the Pack can't compete with the buzz of another anticipated "football" stock offering: Manchester United. Certainly owning shares in a team makes for great pub talk, but is it a wise investment?
Every quarter, analysts at investment firm Gabelli & Co. come up with five value stocks that are trading way below their intrinsic worth. And their track record at beating the S&P 500 is nothing less than remarkable.
Madison Square Garden shares were bouncing like a basketball this week amid speculation that NBA superstar LeBron James might join the New York Knicks, and they could still be active Friday in the wake of his announcement that he was leaving the Cleveland Cavaliers to join the Miami Heat.
After rising over 6% on Wednesday, shares in Madison Square Garden (MSG) fell more than 4% Thursday as speculation raged over which NBA team would land superstar LeBron James.
