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Alexis Ohanian: Women's sports is a 'tremendous business opportunity'
CNBC Television· 2025-08-12 18:31
Women's sports is not a charity. Women's sports, the reason I've been investing in it the last five years is because it is a tremendous business opportunity. So, I'm glad we're talking about the revenue.Yes, traditional big four sports leagues make that eyepopping dollar from media deals, but why. Because they have massive audiences that are tuning in and then they can the the media companies can then expect to sell those rights to advertisers and make their money. When you're an emerging league, it is very ...
Scripps reports Q2 2025 financial results
Prnewswire· 2025-08-07 21:00
Core Points - The E.W. Scripps Company reported $540 million in revenue for Q2 2025, a decrease of 5.8% from the previous year [7][25] - The company experienced a loss attributable to shareholders of $51.7 million, or 59 cents per share, compared to a loss of $13 million, or 15 cents per share, in the prior-year quarter [9][17] - Key highlights included a station swap with Gray Media, a renewed agreement with WNBA, and a successful refinancing of $750 million in bonds [4][5][8] Financial Performance - Revenue for the Local Media segment was $335 million, down 8.3% year-over-year, while Scripps Networks revenue was $206 million, down 1.4% [10][12] - Total costs and expenses decreased to $457 million from $479 million in the prior-year quarter [7] - The company’s net leverage improved to 4.4x, down from 4.9x at the end of Q1 2025 [7] Strategic Initiatives - The company is focusing on its Scripps Sports strategy, capitalizing on the popularity of women's sports and the decline of regional sports networks [3] - The recent station swap with Gray Media aims to enhance local news coverage and financial performance [4] - Scripps plans to expand its local sports and news strategies in key markets, leveraging new duopolies created by the station swap [4] Revenue Drivers - Sports programming contributed positively to revenue performance, with streaming and connected TV revenue growing 57% in Q2 [3] - The WNBA and NWSL partnerships are significant contributors to the Networks division, helping to stabilize revenue amidst economic uncertainty [3][12] - Political revenue was significantly lower at $2.6 million compared to $28.2 million in the prior-year quarter, reflecting the absence of an election year [18] Financial Condition - As of June 30, cash and cash equivalents totaled $31.7 million, with total debt at $2.7 billion [13] - The company completed refinancing transactions that improved its financial position, including paying off $719 million in term loans [14] - The Scripps Howard Fund raised over $125,000 for flood relief efforts in Central Texas [7]
X @The Economist
The Economist· 2025-07-28 00:00
Jenny Nguyen, a chef and basketball aficionado, founded a women’s sports bar in Portland in 2022. The idea, which launched a movement, is quickly becoming less niche. We explain why https://t.co/HLoYqgFIsq ...
X @The Economist
The Economist· 2025-07-26 23:00
Over a dozen new bars dedicated to women’s sports are raising funds, renting spaces and finalising booze lists. Many of the founders tend to be first-time businesswomen https://t.co/NkPwyOJIV1 ...
X @The Economist
The Economist· 2025-07-19 21:20
Women’s sports should chart their own course. One way would be to establish women’s sports federations, leagues and governing bodies that are no mere appendages of men’s organisations https://t.co/plWlqf7i2x ...
X @The Economist
The Economist· 2025-07-19 19:00
Having spent decades fighting to level the playing field, many organisers of women’s sports are uncomfortable with radical change. But the future lies in innovation, not imitating men’s leagues https://t.co/I6Dmxd61UT ...
X @The Economist
The Economist· 2025-07-18 11:00
Having spent decades fighting to level the playing field, many organisers of women’s sports are uncomfortable with radical change. But the future lies in innovation, not imitating men’s leagues https://t.co/7mR9XUpoE9Photo: Reuters https://t.co/jmTgLOcLZy ...
X @The Economist
The Economist· 2025-07-17 21:40
Having spent decades fighting to level the playing field, many organisers of women’s sports are uncomfortable with radical change. But the future lies in innovation, not imitating men’s leagues https://t.co/MVH4Xt6W9r ...
X @The Economist
The Economist· 2025-07-17 16:50
Industry Perspective - Women's sports have established unique identities, largely due to fan support [1] - The industry suggests female athletes should define their own path instead of mirroring men's sports [1] - Following established paths is considered unoriginal for women's sports [1]
Leadership, legacy, and the power of women's sports | Christine Sinclair | TEDxPortland
TEDx Talks· 2025-07-17 16:16
Women's Sports & Community Impact - Portland is highlighted as a global epicenter of women's sports, with significant investment and support [19][20][45] - The city's sports teams, including the Thorns (NWSL) and a new WNBA team, are fostering a legacy of inspiring young athletes and creating opportunities that were previously unimaginable [19][20] - Community support, including buying tickets and merchandise, and cheering for the players, is crucial for the continued success and growth of women's sports in Portland [45][46] - The call to action emphasizes being proud of Portland and contributing to its betterment through small acts of change and mutual support [44][46] Leadership & Team Dynamics - Leadership is not confined to extroverted personalities; it involves empowering team members, valuing their voices, and fostering a welcoming environment [37][39] - Building strong relationships and understanding teammates on a deeper level is essential for success, especially in high-pressure situations [40] - The Canadian national team's transformation, from finishing last in the World Cup to winning an Olympic medal, was attributed to improved leadership and team dynamics [36][40] Christine Sinclair's Career & Legacy - Christine Sinclair's career is deeply intertwined with Portland, where she played college soccer and professionally for the Thorns, solidifying her connection to the city [11][12][14] - Sinclair's legacy extends beyond her on-field achievements, encompassing her role as a respected Canadian, inspiring the next generation, and leaving soccer in a better place [17][18] - Retirement is viewed as a new chapter, focusing on family, personal well-being, and continued involvement in the sport, including helping start a professional league in Canada [26][27]