Pink's Bottom Line on Media, Money and Sports
Top items and takeaways of the week from the worlds of media, money and sports
Here are the top items and takeaways of the week from the worlds of media, money and sports.
MEDIA
Pink’s Bottom Line: The debut of MSG+ comes on the heels of an implosion in Regional Sports Networks (RSNs), which suggests a seismic shift in how Americans consume live regional sports is already underway.
Pink’s Bottom Line: Look for other social media companies to follow suit as the long-term, deleterious effects of social media on children is only just beginning to be understood.
Pink’s Bottom Line: Doepfner says that AI could replace the jobs of workers focused on information aggregation, for example, not investigative journalism and proprietary reporting — those are two pillars of value for any news media company, and journalists with those skills will remain heavily in demand.
MONEY
Pink’s Bottom Line: Look for home price appreciation to slow for much of the year — and for home prices to decline in a handful of markets — as mortgage rates hover near the 7% level.
Pink’s Bottom Line: Rents, though, likely will remain at elevated levels as housing supply remains woefully inadequate in the country.
Pink’s Bottom Line: Look for that report to show a weaker jobs number than in January due mostly to seasonality, which could mean that the Fed will become more dovish in its interest rate stance.
SPORTS
Pink’s Bottom Line: While it’s been a down year for other blue-bloods like Duke, Kentucky and North Carolina, look for these and other top college basketball programs still to account for at least two — and probably three — of the Final Four slots in the NCAA Tournament.
With the NFL Combine in full swing, teams are evaluating players at every position, and Kentucky quarterback Will Levis is emerging as one the most intriguing prospects.
Pink’s Bottom Line: Look for Levis to climb team draft boards and for a club to select him among the top five picks in the first round.
Pink’s Bottom Line: In spring training, while those changes have yielded some encouraging results, baseball still will appeal mostly to spectators 50 and older, and won’t draw in a younger demographic.
Jeremy Pink consults for media, sports and tech companies around the world. He 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. He started his career as a sportswriter for two newspapers in Columbus, Ohio, and he is a contributing author to two books.
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)