5-1-86 Agenda & Packet - Laserfiche WebLink

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2 LehmwelbAsOODklest April 30, 1986 company has been making its money, however, on the sale of its properties ratherthan SPECTATOR SPORTS from room revenues ( NY.� Times 4/222)) 1111/ Coca-Cola stock will split 3-for-1 June 16 as 1st quarter profits jumped 14.2% over last year on revenue gain of 11.6%; reven- Horse racing begins a critical season this ue was $1.9 billion and net was $161.2 mil- weekend with the start of the Triple Crown lion. Operating income for entertainment in Louisville (Ky.) , site of Saturday's sector was up because of syndicated TV famed Kentucky Derby. Some favored colts programming RCA earnings were up are injured and the lack of "star" quality 12.9% for quarter thanks to strong perfor- horses has hurt TV ratings and interest. mance of front-running NBC. Sales were Competing events last year lured a top up 10.6%. Net income was $73.4 million, horse away from participating in all 3 as NBC earnings jumped 50%, exceeding ex- Crown events; that problem was solved by pectations. RCA's takeover by General the industry's decision that en':ries were Electric will be completed later this year. for all of the Crown races. * * * * * * * * Increasingly, racing is challenged by gam- Despite a study that shows the benefits ing (casinos, lotteries etc.) legal and of airline deregulation to carriers and illegal that's on the rise nationally. If travelers, United's UAL parent had a loss the four new lotteries,-including Califor- of $103 million the first quarter because nia's, weren't enough competition, then of industry fare wars that are expected racing crippled itself with strikes (Track to mean $500 million losses overall. AMR, Topics) . And, once again, horse racing the parent of American Airlines, also re- lost its #1 rating for spectator sports. ported sharply lower earnings of $4.2 mil- Thoroughbred racing increased its specta- lion--down from $60.2 million a year ago. tor count by 215,430 but the decline of UAL had revenues of $1.96 billion, up 23%, 1.3 million in standard-bred racing fans but expenses for acquiring Hertz Corp. and dropped racing to second-place (behind expanding Pacific air routes were up about baseball) with a total of 73.4 million, a million fewer than 1984. These figures, the same amount, bythe way, were compiled by The Daily The Brookings Institution study published Racing Form. this month showed that airline deregulation has resulted in $5,7 billion in annual ben- According to TDRF (above) , baseball regal. efits to air travelers--plus $2.5 billion ed its fl status by increasing attendance in added earnings for the carriers. The by nearly 2.1 million for the regular major study's data and conclusions, however, are season,league to a record total of 46.8 g based on years 1983 and earlier. Other million. Another 3 million increase was sources noted that 87% of air traffic to- registered for minor leagues and college day is discount compared to 35% under reg.- attendance. The grand total: 78.3 million. ulated travel. "Hub and spoke" networks have benefitted travelers in small cities. The 1st Sports Conference June 23-24 at the Waldorf in NYC will bring together the Canada's current "takeover wave" is behind people who package sports programs and the the big 1985 wave in the U.S. and is more buyers in the media. Newstar Sports (212) concentrated, a study by the Toronto news- 213-1100 for info CBS is paying $3- paper Globe and Mail indicates. Just 9 $5 million for US tv rights to the 1987 families accounted for 46% of stock shares Pan American Games, to be held in Indian- traded on the Toronto stock exchange in apolis Aug. 7-23, 1987. Half of the $30 1984, and between 1975-79 the dollar value million budget for the Games comes from of mergers in Canada was 5 times as large corporate sponsors. Some 6,500 athletes as those in the U.S. (adjusted for size of and coaches from 37 nations will compete country's economy) . The past 5 years, the in 27 sports. merger trend has been 215 times as large, and the improving Canadian economy seems Univ of Houston students don't want to end to be making acquisitions more attractive, all inter-collegiate athletic programs, but Canada's economy is rising faster than that they have objected strongly to a $90 a se- of the U.S. by about a percentage point, mester fee which subsidizes in part the and interest rates are falling faster. school's $6.5 million athletic budget; the fee was to be raised and a student vote by 6-1 wants and end to all such subsidies. Lincoln Park Zoo is recruiting new members Most of the budget comes from ticket/tv thru a direct mail company, Cramer-Kraselt revenues and booster donations { Direct, which is donating $30,000 worth Tampa was awarded the Hall of Fame Bowl of time in the TV/mail campaign. to debut its new Tampa Stadium; it will be Florida's 4th post-season bowl game. The