Weekly Recap: Pink's Bottom Line on Media, Money and Sports
Key takeaways from this week's newsletter
Here are the top items and key takeaways from this week’s newsletter.
MEDIA
The first two seasons of Cobra Kai, a television series based on the movie classic the Karate Kid, ran on YouTube, and then Netflix acquired the rights and began running the show earlier this summer. Here’s why that’s a big deal.
Drew Barrymore’s new daily syndicated talk show, The Drew Barrymore Show, debuted this week in television markets around the country. Expect her show to rank among the top five, if not higher, syndicated talk shows for the 2020-2021 season.
Meredith Kopit Levien, the new CEO of The New York Times Company, said that the company sees “a really big market opportunity.” Here’s why Levien sees growth in the company’s future.
MONEY
Used car prices rose 5.4% in August compared to July — that was the biggest monthly jump in used car prices in 51 years. Meanwhile, new car prices were unchanged last month compared to July. It appears to be all part of a pandemic related trend.
The number of overall trips during Labor Day weekend 2020 fell 37.8% compared with last year, according to the Bureau of Transportation (BTS). Interestingly, for trips between 100 and 250 miles, travelers actually took 47% more trips in that range this year compared to last year, according to those BTS stats. Here’s what’s happening.
The Organization for Economic Cooperation and Development (OECD) released its interim economic assessment this week, and it’s not a rosy picture as you might expect. The OECD projects global economic growth to decline 4.5% in 2020 though it does expect the global economy to recover a bit and grow 5% next year. Here’s what it means.
SPORTS
The best offenses in the NFL now are often pass first, and I those offenses often use the passing game to set up the run. As such, I expect strong seasons from runnings back like Clyde Edwards-Helaire of Kansas City and Aaron Jones of Green Bay.
Baltimore and Pittsburgh have the two easiest schedules in all of the NFL based on last year’s winning percentage of their opponents, and it’s possible that either the Ravens or Steelers will not only win their division — they could even earn a trip to the Super Bowl.
As readers of this newsletter might be aware, I jumped early on the Denver Nuggets bandwagon and said they had a real chance to win the Western Conference in the NBA. Now, the Nuggets are actually in the Western Conference Finals — they begin their best of seven series against the Los Angeles Lakers tonight. Here’s why I’m now jumping off of the Nuggets bandwagon.
Jeremy Pink is former CEO of private-equity backed Broadcast Sports International where he led the company to a successful sale and exit during his tenure there. He is also a former CNBC executive in New York, London and Singapore. He currently serves as an advisor to companies in media, technology, sports and financial tech.
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