With NHL national rights up soon, is Amazon the big winner after MLSE deal? [Financial Post (Toronto, Ontario, Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Rogers Communications Inc. ‘s plan to buy out Bell's ownership share of Maple Leaf Sports & Entertainment could become a big victory for an emerging power player on the sports media scene. The deal makes tech giant Amazon a strong favourite to land national NHL broadcast rights once the current deal with Rogers expires in less than two years, a sports management associate professor said Thursday. “The big winner was Amazon,” said Brock University's Mike Naraine. “1A was Amazon, 1B was Rogers and after 50 feet of nothing, Bell shows up last.” Rogers announced Wednesday it planned to purchase Bell's 37.5-per cent share of MLSE for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate. Rogers and Bell currently hold equal shares while MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns the other 25 per cent. The proposed sale, assuming it
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News
- Legacy, financial opportunity likely motivated Rogers for MLSE takeover: experts [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Which Canadian bank named a new chief executive this week? Take our business quiz for the week of Sept. 20 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Rogers Communications Inc. (NYSE: RCI) had its price target raised by analysts at TD Securities from $73.00 to $74.00. They now have a "buy" rating on the stock.MarketBeat
- Rogers Communications Inc. (NYSE: RCI) had its price target raised by analysts at BMO Capital Markets from $67.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- Rogers to buy out rival's stake in MLSE, gaining 75% ownership [Wealth Professional (Canada)]Wealth Professional
RCI
Earnings
- 7/24/24 - Beat
RCI
Sec Filings
- 9/18/24 - Form 6-K
- 7/24/24 - Form 6-K
- 7/24/24 - Form 6-K
- RCI's page on the SEC website