Pink's Bottom Line on Media, Money and Sports
Top items and takeaways from the week including my NBA and major league baseball predictions
Here are the top items and takeaways of the week from the worlds of media, money and sports including my NBA and major league baseball predictions.
MEDIA
Pink’s Bottom Line: TikTok overtook Instagram as the favorite social media platform for the first time ever, showing yet again the astonishing popularity of the short video sharing service in the past few years.
Pink’s Bottom Line: Viewership of streaming video, which soared at the beginning of the pandemic, still shows no signs of slowing.
Pink’s Bottom Line: Although the number of part-time statehouse reporters has increased, the depth and breadth local news coverage around the country remains a real concern.
MONEY
Pink’s Bottom Line: That data also reveals that consumers, while still spending freely, carry large amounts of revolving debt to do so, which is a worrying trend.
Pink’s Bottom Line: That higher occupancy rate suggests that workers are finally returning to the office in meaningful numbers.
Pink’s Bottom Line: That data suggests that while workers are slowly coming back to the office, the work-from-home trend nonetheless remains influential in the hiring process for many companies.
SPORTS
Pink’s Bottom Line: The Nets won’t win the title this year. The Phoenix Suns, who boast the best regular season record in the NBA and are the favorites of the oddsmakers to win it all this season, will indeed capture the NBA title this year thanks to a deep roster and one of the best coaches in the NBA.
Pink’s Bottom Line: The sportsbook has it right — the Dodgers will capture the World Series this season thanks to one of the best lineups of any team in recent memory.
Pink’s Bottom Line: Willis played for a small school in college, but many experts suggest he has big potential upside in the NFL. As such, look for Willis to become a top five pick in the draft.
Jeremy Pink is the former CEO of private-equity backed Broadcast Sports International where he helped lead the company to a successful sale and exit during his tenure there. He is also a former CNBC television executive in New York, London and Singapore.
The information contained in this communication is strictly for general informational and entertainment purposes and is not meant to be construed as financial, investment, tax, or legal advice. This communication is not a solicitation to buy or sell any securities. I am not a financial advisor or offering professional advice of any kind. Users should not act upon the content or information found within this communication without first seeking professional advice appropriate for their individual situation. Decisions based on information contained in this communication are the sole responsibility of the user, and use of this communication and its contents constitutes an explicit understanding and acceptance of the foregoing disclaimers.
(Newsletter Editor: Karina Pink)