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 ...
Just turn to other channels and leave for the day. Don’t know how they can tell though.
[Even T-Bone is on board!]
That could be KoKo!!
Or Gammy.
Thanks to President Trump and other patriotic Americans, the NFL is in deep covfefe.
About three weeks late to the call.
Trump’s real agenda was to hurt the LSM.
It is interesting that a billion dollar cash cow like the NFL “needs” tax money too. Then they have that gall to protest the government that collects ta,especially for them.
Just like welfare, give a bum a free ride and he will hate you.
They can tell what you are watching if they want to know (since most viewers use cable tv or Internet).
A more detailed discussion can be found here—many excellent and informative comments below the main article:
Long term, it’s hard to imagine how the double impact will be reversible. Mom’s at home deciding if her son should play football. There’s the danger of concussions which was already a concern. At to that NFL making no demands that the flag and anthem be respected in game day ceremonies. Why would mom let her lad play a game that spits at patriotic values and is likely to cause permanent brain damage? Does she even want her son to watch NFL players, owners, and management who were brought up to know better being bullied by out-of-control anti-American players?
On another note, there was a TV interview with Cavs owner Dan Gilbert. He said he was "shocked" by the bigotry in calls that fans left (after LeBron's disgusting Ebonics-laden tirade against President Trump). Wouldn't his shock be better directed against LeBron for saying such disgraceful things about the President? It's pathetic for it to be out in the open, for the whole world to see, just how badly Dan Gilbert is bullied into submission by LeBron.
I’m glad these anti Americans are outting themselves. Then, when civil war II starts, we’ll know who to begin with.
Should be fun watching contract negotiations for these self-important superstars.
“Well, Latavious, you were on for $15 million, but our revenues are down 50% and dropping. How’s $400k sound?
Oh, by the way, here’s video of you kneeling during the National Anthem.”
Just sold all of my Disney stock this week. Not a small amount, either.
I am surprised by this news inasmuch as Wall Street ignored the Target Corp restroom fallout/boycott.
Yes they are, but what is really interesting is that they chose to explain their advise in purely layman’s terms so that the general public would be sure to understand.
In other words, they’re egging it on. Now, why would JP Morgan Chase want to do a thing like that, lol.
Short the NFL.
Some people are obsessed with football. Won’t hurt them to miss some games and get a move on.
When was the last time the National Free Loaders built a stadium, or paid for repairs? The Sonsab!tches sell the names of stadiums they didn't even pay for.
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