Dec 12 (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research) warned that
fourth-quarter results would miss its previous forecast due to
hard disk drive supply shortages caused by floods in Thailand.
Thailand said last month that output of hard disk drives
fell 52.4 percent in October from a year earlier as the worst
flooding in 50 years swamped factories. [ID:nL4E7M91KZ]
[youtube]http://www.youtube.com/watch?v=eq-yoorI7lo[/youtube]Sure it was obvious, but I applaud the decision by whoever organized the IMG Intercollegiate Athletics Forum to pipe The Cars “Shake It Up” through the loudspeakers of a bland room in New York’s Marriott Marquis as the conference wrapped up.
College sports — and here I’m the one being obvious — are going through a serious transition. Conferences are realigning, TV deals are being struck, and feelings are getting hurt.
NEW YORK (Reuters) – Rather than cheering along in a soccer stadium or basketball arena, today’s biggest sports fans can probably be found sifting through spreadsheets in a quiet corner office.
That’s because sports represent one of the few businesses that keeps getting better for media companies, providing an important buffer against an otherwise uncertain economy. Even as Americans struggle, they keep tuning in to sports. Scandals and labor strife seemingly have done nothing to subdue their passion.
NEW YORK (Reuters) – The National Football League, fresh off a blockbuster television deal with ESPN, is confident it can win healthy price hikes when it sits down soon to negotiate new contracts with CBS, NBC and Fox, a top executive said on Wednesday.
“I think in the next year or so we will have these deals done,” said Brian Rolapp, head of the NFL’s media business, of impending negotiations with its broadcast partners on the Sunday package of games. The NFL’s current contracts with CBS Corp, News Corp’s Fox and Comcast Corp’s NBC expire after the 2013 season.
NEW YORK (Reuters) – Major League Soccer’s top executive said he is “uncertain” the sport’s English superstar David Beckham will stay with Los Angeles Galaxy given the financial lure to join French club Paris St Germain.
“I hope he remains in Major League Soccer and continues his career in the United States; sitting here today I’m not sure that that will happen,” said MLS Commissioner Don Garber, speaking in New York at Reuters Global Media Summit.
NEW YORK (Reuters) – NBA players and owners reached a new labor deal in time to avoid any longer-term damage to the league, whose TV ratings are unlikely to see any dropoff from last season, a top ESPN official told Reuters on Monday.
John Skipper, in his first interview since last week’s announcement that he would take over as ESPN’s president early next year, said the sports network is working with the NBA as the league sets a schedule that will allow for a 66-game season after reaching a tentative new deal over the weekend.
LONDON/NEW YORK (Reuters) – Amid a global economic environment plagued by debt, joblessness and recession fears, an unlikely haven has emerged for investors in the form of media companies that own sports rights.
It’s been a long time since media companies were considered a good investment, but there’s no doubt that the business of sports has so far been immune to most of the economic damage — a theme likely to be prominent in the Reuters Global Media Summit in New York, London and Paris next week.
The last 10 days have obviously tarnished the Penn State brand, and left advertisers, sponsors, and others closely associated with the university and its football program with some tough questions. Boiled down, it amounts to this: How far should you go to distance yourself from the crisis?
Fallout has already been heavy, so much so that Penn State has hired Ketchum to help the university navigate through the mess. Yet this may be one of those cases — and there are many — when the big PR firm is brought in too late.
No doubt this is a politically divided nation; just go to a dinner party and see what happens when some half-in-the-bag neighbor brings up health care or gay marriage or taxes — or, apparently, absurdly, email providers. If you can believe it, a new poll out today shows a major difference between Republicans and Democrats when it comes to picking their favorite email service.
It seems that Republican voters favor AOL over every other email provider, according to a survey of 1,184 registered voters by Poll Position. In fact, about 20 percent of them picked AOL as their preferred email provider, ahead of both Google (18.9 percent) and Yahoo (15.6 percent). Democrats took a completely opposite view, picking Google as their favorite (27.3 percent), followed by Yahoo (15.6 percent). And what about AOL? It didn’t fare well, with only 5 percent of Democrats picking it as the best service.
Many of us are looking forward to Saturday night’s prime-time match-up between Louisiana State and Alabama, the top two teams in college football. For a few hours, we get to set aside the craziness of conference realignment, forget about our own dismal teams (Boston College, this means you) and watch a good old-fashioned brawl between two storied programs.
But nobody may be as pumped up about Saturday’s game as Les Moonves, the CBS Corp Chief Executive who, it must be said, gets pumped up about a lot of stuff (ask him about NCIS sometime). Who can blame him — CBS Sports is bound to draw a blockbuster audience for the Southeastern Conference showdown.