Pink's Bottom Line on Media, Money and Sports

Twitter Blue, consumer prices and Heisman Trophy favorites

In today’s newsletter, I discuss Twitter Blue, consumer prices and Heisman Trophy favorites.

MEDIA: Twitter Blue in the U.S.

Twitter Blue, a subscription based offering from Twitter, launched in the United States this week — it has been available in Australia and Canada since June.

Twitter traditionally has been a free service supported by ads, so the move to a subscription offering in the United States indicates that the company is looking to tap in to a new and potentially lucrative revenue stream.

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Twitter Blue has a number of features that makes it different from regular Twitter, including one feature designed specifically for news consumers.

Twitter has partnered with many large news organizations so Twitter Blue users can read articles from these organizations on Twitter in an ad-free environment.

If Twitter Blue is indeed successful and generates meaningful subscription revenue, look for Twitter to roll out more subscription offerings very soon.

MONEY: Consumer Prices

Prices at the consumer level soared again in October, according to a government report released earlier today.

The nation’s Consumer Price Index (CPI) rose 0.6% in October compared to September, and for the past 12 months, the CPI surged 6.2%.

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That 6.2% increase over the past 12 months is the biggest annual increase since November 1990.

As such, the CPI suggests yet again that inflation at the consumer level remains a real problem, and not a transitory one.

SPORTS: Heisman Trophy Favorites

In the past few years, the Heisman Trophy, awarded to the top college football player in the country, has been won by a quarterback of one of the top teams in the country.

Based on the latest odds from FanDuel Sportsbook, this year will be no different with one notable exception — this year’s favorites are both freshmen, not upperclassmen.

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According to FanDuel Sportsbook, Alabama’s Bryce Young is the favorite at +170 followed by Ohio State’s CJ Stroud at +300.

Both Young and Stroud are having exceptional seasons, and it is likely that their respective teams will both make the College Football Playoff (CFP) again this year.

That said, both Alabama and Ohio State have some tough games remaining on their schedules, so the Heisman Trophy likely will be won by either Young or Stroud by their performances in these games.

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Jeremy Pink is currently an advisor to media and fintech 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.

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)