Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes
Kendriya vidyalaya 2022 23 admission
Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said. “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Biden’s Approval Rating Sinks Towards Lowest Point Of His Presidency: POLL
President Joe Biden’s approval rating plummets towards the lowest point of his presidency on Thursday, according to a new poll. The president’s approval sank to 38% this month, nearly reaching the lowest point he has received in office where he received a 36% rating in July 2022, an AP/NORC poll found. Biden ‘s March approval has dropped from a 45% rating since February and 41% in January. “Neutral towards approval,” Andrew Dwyer, one of the respondents, told The Associated Press. “I don’t think he’s the best at representing my position and issues. But I know being president involves compromises.” Republicans overwhelmingly disapprove of the president at 96%, while the majority of Democrats approve at 76%. Only 21% of Americans believe the country is heading in the right direction, down 7 percentage points from February, a decline of both Democrats and Republicans since last month. Biden’s approval rating at 38%. — GraphicW (@GraphicW5) March 23, 2023 The … [Read more...] about Biden’s Approval Rating Sinks Towards Lowest Point Of His Presidency: POLL