With Dave and Big Cat as busy as they are it's unfortunately going to probably be more of a revolving door. Guys like Marty, the cowboy and Lo Duca will probably get a bunch of time.
Why is Big If True still a thing? The times I did listen it was tragically bad, and not even in a fun way
I think one of the more interesting moves here is putting BSR @ 4 instead of 5. I don't know what their breakdown is in terms of on demand vs. live viewers, but it seems odd to move your "primary" product to an off peak slot, unless it's a signal that Dave will be doing far less during that hour (he may already be, I am not a frequent listener).
Sirius is/was dead tech from the moment Barstool inked their deal. On the one hand, it was a head-scratcher move for a company so internet savvy and forward thinking; but it somewhat made sense given the money involved and Sirius’ warchest at the time. I imagine they’ll migrate over to a company like Spotify, or the equivalent under one of Sirius’ holdings, once their deal expires. “Hey guys, we’re totally crushing traditional media by leaps and bounds with millennials by completely dominating online engagement. What is our next move?” “Two words: subscription radio.”
Trysta’s apartment has floor to ceiling windows with a prime view of the Empire State Building lol how
she did a blog the other day about playing golf at the same club as Larry David. She, like many Manhattan millennials, probably doesn't pay her own bills.
Of all the people I know who live in Manhattan or Brooklyn the only one who pays for all his stuff works at jpm
yes. I have one friend who works for blackstone. Another is in advertising but she won a civil lawsuit in college after a bad car accident.
I didn’t read the blog but it hosts a PGA tour event every year so she could have played in the media scramble leading up to the event. Coincidentally that event is next week and the media day is today. Edit: looking at her Instagram she did play there in 2015. Posted pics from there on multiple days.
Big cat just looks like Old Cat, but holy shit at that PFT costume they really are an old married couple
PFT said on radio that he didnt even make it past the initial security. The badges they had were only 1 sided when the real ones were double sided.
In her first blogs she wrote about her Mom not having much, a scholarship being the only way out, being a caddy then living on strangers floors when she moved to LA.
I didn’t realize Minihane was involved in the outing of Aaron Hernandez on his major radio show until I watched the Netflix doc. And to do it like 12 year old boys talking about it at the lunch table. He’s a total zero and really fucking annoying.
https://www.wsj.com/articles/penn-n...minority-stake-in-barstool-sports-11580274060 Penn National Gaming to Buy Minority Stake in Barstool Sports Spoiler By Katherine Sayre and Benjamin Mullin Jan. 29, 2020 12:01 am ET Penn National Gaming Inc. has agreed to buy a stake in Barstool Sports Inc. for $163 million, according to people familiar with the matter, a deal that positions the casino operator to compete in the growing U.S. sports-betting market. Penn National plans to take a 36% stake in Barstool Sports, which produces blogs, podcasts, social media and live events, the people said. The deal, to be announced Wednesday, would give Penn National exclusive rights to use the Barstool brand in its sports-betting products. Penn National would pay $135 million in cash and $28 million of its stock in a deal that values Barstool Sports at $450 million. In three years, Penn National, with a market value of roughly $3 billion, will increase its stake to around 50% for a payment of $62 million. Penn National and Barstool have options that kick in then that would increase the casino company’s stake to control or full ownership, based on fair market value at the time, the people said. Penn National is aiming to convert some of Barstool Sports’ audience of roughly 66 million into customers of its casinos and an online sports-betting app it is developing. The company would do so through marketing on Barstool Sports outlets and live events in Penn National casinos, according to the people. U.S. casino operators, fantasy apps FanDuel and DraftKings and betting brands from Europe and Australia are in a race for customers after the U.S. Supreme Court in 2018 cleared the way for states outside Nevada to establish sports wagering. Twenty states and the District of Columbia now have legalized it. Some limit betting to casinos while others allow online wagering including on mobile phones. Since the Supreme Court’s ruling, gamblers in the U.S. have placed $15.8 billion in legal sports wagers, generating $1.1 billion in revenue for sports books, according to the American Gaming Association. Online betting has proven to be the most profitable. In New Jersey, about 84% of $4.58 billion in sports wagers last year were placed online, according to state figures. The deal joins an operator of 41 gambling properties in 19 states with a viral sports-and-lifestyle brand that’s focused on young men and offers satirical—and sometimes controversial—content. Dave Portnoy founded Barstool Sports in 2003 as a gambling newspaper in Boston and it later moved online. Last year, the company launched Barstool Bets to feature free-to-play betting games. Barstool Sports and Mr. Portnoy have developed a cultlike following over the years for their ribald and occasionally caustic approach to sports commentary. Mr. Portnoy frequently lashes out at his rivals on social media, targeting writers at sports-media site Deadspin, the Ringer founder Bill Simmons and even employees of Barstool Sports who might attempt to unionize. The Chernin Group, led by longtime media executive Peter Chernin, has owned a majority stake in Barstool Sports since 2016. The Chernin Group is to keep 36% ownership as part of the deal while key Barstool employees—including Mr. Portnoy, who now serves as president, and Chief Executive Erika Nardini—would keep a collective 28% stake.
Dave back with live bullets right in time for March Madness. *once he settles up his 7 figure debt to his bookie
Both. Proforma for the deal Chernin 36%, Penn 36%, Barstool legacy owners (Portnoy, Nardini, etc) 28% (worth $117mm on the new valuation)
Makes sense. At one point someone was speculating somewhere Chernin maybe trying to cash out or something.
Very typical media deal here. Everyone sells a bit and takes profit (you never go broke taking profit). Penn paid a premium for a higher stake of ownership. Chernin seems like they have put timeline on an exit. Smart. Big Cat and PFT hopefully had representation in this and if I were them, I'd start looking around and/or throwing around their weight for a long term deal (assuming they don't have one already).
Video says Dave and Dan are both locked in and not going anywhere. Said the essential people are all locked in.
If this is going to ratchet up the gambling content 10x I hope it is not coming from Marty Mush and the like and they get some decent people.