The Formula One race set for Weehawken, New Jersey, in June will take place as scheduled, and all outstanding contract obligations, including safety and facility reviews, will be met, said event promoter Leo Hindery.
DirecTV, Time Warner Cable Inc. and Charter Communications Inc., taking a page from Aereo Inc., are considering capturing free broadcast-TV signals to avoid paying billions of dollars in so-called retransmission fees, said people with knowledge of the deliberations.
Oakland, California, the fifth-most crime ridden city in America, faced a $32 million budget deficit in fiscal 2011. It closed the gap by shrinking its police force by 18 percent, shedding 138 officers including 80 dismissals.
The owners of the New York Mets can spend opening day focused on David Wright’s bat and not Bernard Madoff’s fraud after agreeing to settle a $303 million lawsuit brought by the liquidator of the convicted con man’s firm.
Sept. 6 (Bloomberg) -- Leo Hindery, managing partner at InterMedia Partners LP, Joseph Ravitch, co-founder and partner at the Raine Group LLC, and Rob Tilliss, chief executive officer and managing partner at Inner Circle Sports LLC, participate in a panel discussion about the pricing of professional sports franchises. Bloomberg Executive Editor John McCorry moderates the panel at the Bloomberg Link Sports Business Summit in New York. (Source: Bloomberg)