Pink's Bottom Line on Media, Money and Sports
Top items and takeaways from the week including my NCAA men's basketball championship pick
Here are the top items and takeaways from the week in the worlds of media, money and sports including my NCAA men’s basketball championship pick.
MEDIA
Pink’s Bottom Line: While those are impressive numbers, it does suggest a level of saturation in the U.S. subscription video streaming marketplace, which could lead to consolidation among some of these services by the end of the year.
Pink’s Bottom Line: While revenue growth overall was essentially flat, revenue from medical apps rose sharply, a trend that is likely to continue as tele-medicine has become popular in the pandemic era.
Pink’s Bottom Line: Much of that increase in viewership stems from the network’s coverage of Russian invasion of Ukraine, underscoring the enduring importance of breaking news in attracting viewers.
MONEY
Pink’s Bottom Line: With mortgage rates climbing and with mortgage demand slowing, home prices likely won’t continue to rise at such a pace much longer.
Pink’s Bottom Line: Although the U.S. government did release some oil from its strategic reserve to increase supply to slow that increase in gasoline prices, consumers shouldn’t expect prices to decline meaningfully any time soon.
Pink’s Bottom Line: While that job growth is indeed impressive, wage growth is still rising at a pace that is below the rate of consumer inflation.
SPORTS
Pink’s Bottom Line: Swiatek, 20, has a rare combination of power, finesse and mental toughness, which suggests she could win many grand slam titles in the next few years.
Pink’s Bottom Line: The Grizzlies are on that winning streak without superstar guard Ja Morant, indicating that the team could make some noise this postseason as Morant is widely expected to return for the playoffs.
Pink’s Bottom Line: Kansas will win the game and cover the spread, due largely to the team’s length on defense, which will hamper the effectiveness of North Carolina’s two outstanding starting guards, R.J. Davis and Caleb Love.
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)