It’s been a little over 10 months since the last Odds & Ends so the time is right to bring this fan favorite back. 1. Yet Another Value Blog recently posted a lengthy, in depth series analyzing the media industry. The most recent edition – another great read – is focused on sports rights and sports investing. The… Read More »
New York sports fans will once again have to wait a little bit longer to own a clean slice of the city’s most iconic teams. During its recent Q4 conference call, The Madison Square Garden Company (MSG) noted that the planned spinoff of its sports teams was ‘taking longer than expected’ and that as a result, the planned… Read More »
Another serial spinner is at it again. In 2010, James Dolan spun off Madison Square Garden from its Cablevision empire in order to better value its sports and entertainment related businesses. Five years later the regional sports businesses got their own turn to shine via the spin off of MSG Networks (MSGN). Three years later and the Madison… Read More »
Let’s kickoff the week with a few links: Yet Another Value Blog takes a look at the Liberty Braves Group (BATRA/BATRK) and sees some nice upside potential. Apparently, he also notes, so does Gabelli. It’s a good piece and among other things, includes a long section (which I tend to agree with) on why sports teams are undervalued. In… Read More »
While it was no Summer of Spin, the month of September witnessed plenty of activity on the spinoff front. In the days prior to month end: SPX Corporation (SPXC) spun off its flow products business into the aptly named SPX FLOW (FLOW) Fidelity National Financial Ventures (FNFV) unloaded part of its restaurant empire into J. Alexander Holdings (JAX) in a… Read More »