5-1-86 Agenda & Packet - Laserfiche WebLink

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4 LiiistienitdmikriPtest April 30, 1986 Only about 5% of the population has ever Sales increased 24% to $51.5 million, bu taken a cruise; last year's figures were earnings dropped from $4 million to $3.6 about 2.2 million. The industry is test- million. Revenue for the year increased ing a generic ad campaign in Kansas City 20% to $137.3 million; profits grew 3%. and St. Louis, and lines do their own. Nierenberg gained financial backing from MacFadden holdings Inc., which sells $40 the Greyhound Corp., which owns Premier million a year in trade pubs and a dozen through a subsidiary, and with the great romance magazines (True Confessions, Mod- success of its first ship, the Royale, ern Romance) , is acquiring 5 tv stations launched another ship this month. The and 8 radio stations from John Blair & Co. Oceanic, however, is not just another ship. for $287.5 million Channels of At 40,000 tons it's the 6th largest afloat Communication magazine, which covers the and bookings are expected to hit the 85% electronic media, began newstand sales mark within a year, generating $125 mil- this month. The influential publication lion. Cruises are 3/4 days to Bahamas, has gone thru many changes the past year: with Disney World, hotel and car thrown Norman Lear took over the former nonprofit in for free. foundation pub and hopes to be in profit- While Premier hopes to open up family able status by next year. interest in cruises thru its Disney con- nection, Anheuser-Busch purchased Explora- tion Cruise Line last fall and has been • capitalizing on Canada's EXPO 86. PARTICIPANT SPORTS The Professional Golfers Assn. has begun PUBLISHINGa diverse campaign to encourage Americans of all ages to explore the game of golf. PGA is opening its first "Family Golf Cen- The 13-30 Group and Esquire Magazine Group ter" this month in Clearwater, Fl. Con- partnership of 20 years is ending, and the struction on four other centers begins this $115 million publishing enterprise will be year June 16 is "National Golf Day," and July4 is "National FamilyonyGolf Week. divided into the $75 million 13-30 and a $40 million Esquire group. The restruc- Recent study showed that only small perce turfing is to be concluded by May 28, with tage of golfers played majority (77%) of the London-based Associated Newspaper Hold- all rounds. New courses are being built ings partner maintaining its investment in as interest rates fall; PGA Tour world- both companies. (13-30 title was chosen class facility is planned for Charlotte, for age range its founders--who met as stu- NC, to open at end of 1987 (PGA magazine) . dents at Univ of Tennessee--thought were their market.) Ski areas expect record of 60 million lift tickets will be sold this season, plus Gannett Co. Inc. earnings climbed 9% in merchandise sales of $1.3 billion No. first quarter for the 74th consecutive qtr Carolina is not thought of as ski country, gain. Net income of $44.8 million compares but the state's first resort opened in 1961 to $41.3 million year earlier. Broadcast and in 25th year more than half-million revenues jumped 33%, and reflected added skiers are expected. South has 20% of all stations: previously owned stations' revs skiers in country. climbed 13%. Outdoor advertising revenue was up 1%. Gannett's afternoon Detroit News and Knight-Ridder's Free Press have IN BRIEF: Coleman Co. (of camping fame) a truce worked out. Individual staffs will has entered hot-water spa industry with produce weekday papers and combine efforts new acquisitions Intl Swimming Hall for Saturday and Sunday editions, which had of Fame in Fort Lauderdale plans $500,000 been published by both before. Other busi- addition. Site hosts major swimming and ness operations were combined. diving competitions--May 3, 800 triathletes compete in Bud Light US Triathlon Series here and at Arvida's Weston community. Sport magazine has been bought by its pub- ISHOF, Ft. Lauderdale, FL 33316. (305) lisher and investors from Dallas-based 462-6536. * * * * Sports Media Corp., which has owned the 40 year old pub for four years. Circulation Racquet sports, except for squash, seem to is 930,000; a $2 million ad campaign is have peaked in 1979: tennis had 32 milli° planned. participants then, and now around 20 mil- lion; racquetball grew from 3 to 10 mil- Crown Book Corp., a discount chain of 190 lion between 1916 and 1979, and has level- stores, reported an 11% drop in profits ed off from that point. Squash started at ii for its 4th quarter that ended Jan. 31.