Posted on 09/29/2017 8:47:44 PM PDT by BlackFemaleArmyColonel
The latest round of kneeling protests in the NFL has caused many fans to turn off their television sets in disgust — as witnessed by lower ticket sales and television viewership, as well as the planned “shut-off” this Sunday in which some fans are turning off their TVs to register their disgust.
Of course, this is really bad news for the NFL, as the fewer viewers and fans tune in and turn out, the less money is made from advertising revenue and ticket sales. This means less capital will be available to build teams and make repairs and improvements to local stadiums.
But it’s not just fans who are reconsidering their investment in the sport. Apparently, investors are having second thoughts as well — including JP Morgan Chase:
Breitbart reports:
JPMorgan Chase & Co.’s Shawn Quigg is now encouraging investors to stay away from investing in CBS stock ahead of the NFL’s Week 4 broadcasts, according to Bloomberg.
“The bank recommends buying an option that gives you the right to sell the shares at $57.50 on the likelihood that the stock will fall below that price after the company discloses ratings for the games. CBS closed at $58 on Tuesday,” Bloomberg noted.
The analyst also cited jersey sales, saying that if the NFL is going to take a hit, jersey sales may be a leading indicator.
“NFL-related revenue is not trivial to CBS, and any decline in NFL viewership related to the National Anthem debate may negatively affect future results,” he said Wednesday. “We view this weekend’s viewership results as a cleaner proxy in determining whether the Anthem debate may be a larger issue for the NFL, and CBS, or not.”
According to Bloomberg, NFL ad revenue makes up 10 percent of CBS’s total revenue...
(Excerpt) Read more at allenbwest.com ...
Excellent! Keep teh heat on these SOBs.
Excellent! Keep teh heat on these SOBs.
Wish they would turn it on to something else to show a ratings spike for other programming so the excuse "well, a lot of those ratings drops are due to people watching on digital sources" can't be applied. Watch re-runs of Mr. Belvedere on Antenna TV or something...LOL
Their little ‘take a knee’ stunts are having vast and deep rippling effects. This will reverberate for some time.
A lot of businesses were or are attached to the NFL or pro football in general. Clothing, snack foods, cars, hotel vacations, insurance policies, sales of gasoline, air travel, wristwatches, DVDs, TVs, beverages, bling and souvenir shops. I’m sure most of them considered it a secure investment.
The NFL boycott is hurting the Left Media Cartel?
BONUS!!
IMHO, the Chicago market will tank after the Bears pathetic performance against the Packers AND the Cubbies in the playoffs.
JPMorgan Chase & Co just pledged $1M to splc. They don’t have a lot of room to talk. I canceled my chase visa card over it and let them know exactly why.
Instead of football, there is always that riveting past time of watching paint dry.
are they suggesting buying put options on cbs stock?
http://www.investopedia.com/terms/p/putoption.asp
A put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time. This is the opposite of a call option, which gives the holder the right to buy shares.
I am disgusted with the NFL and have already turned them off.
How about we stop stealing from the tax payers to build stadiums for ALL professional sports teams?
Other businesses have to build their own facilities. As it should be.
What a great timeline. Please President Trump, let’s keep winning and winning some more!
See BS is going to drop to its knees too.
Even T-Bone is on board!
Trump tosses a tiny pebble into the pond and the resulting ripples turn into tsunamis!
I think that was the article’s meaning. Buying a put is the only thing I could think of, of course the dumbasses who wrote it couldn’t name it for clarity.
Wow!!! JPM issuing a warning on CBS and nfl related businesses. Kaepernick just made the number 1 slot for the most expensive NFL player of all time. Nobody is even close to this record.
God bless America!
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