In 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association signed an 11-year, $77 billion deal of its own. What’s next? Well, not much all that soon. While Ultimate Fighting Championship and Formula 1 have deals expiring in 2025, the vast majority of major college and professional sports have recently signed long-term ...
There is a $2 billion gulf growing in Los Angeles. The National Football League’s Los Angeles Rams, No. 2 on CNBC’s Official 2024 NFL Team Valuations list, are worth $8 billion, while the Los Angeles Chargers rank 26th at a value of $5.83 billion. While the Rams have a recent Super Bowl to their name and the Chargers don’t, the gap in value is about ...
A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. The company, known for its seafood offerings and cheddar biscuits, filed for bankruptcy protection in May. Red Lobster had struggled with increased competition, expensive leases, last year’s disastrous shrimp promotion and a broader pullback in consumer spending. As part of the restructuring plan, ...
Mexican President Andrés Manuel López Obrador has long been critical of his country’s Supreme Court as it stood in the way of some of his signature policy proposals. This month, as he closes out his six-year term in office, he appears poised to remake the entire judiciary in his mold. Lawmakers in Mexico City this week began to push through ...
Palestinian journalists say that they were fired on by the Israeli military during a raid in the occupied West Bank town of Kafr Dan. Mohammed Mansour, a journalist for the Palestinian news agency WAFA, was injured when the car he was driving was struck by gunfire, according to video of the aftermath and his employer. Footage filmed in the car by freelance journalist Jarah ...
This second plane, a Dassault Falcon 2000 registration number YV3360, is similar to the aircraft seized by authorities in the United States on Monday, and it appears on a US Treasury list of sanctioned goods belonging to Maduro. The plane seized by US authorities on Monday had been described by officials as Venezuela’s equivalent to Air Force One and was ...
The death of a beloved white beluga whale has turned into a mystery in Norway as animal rights groups speculate whether he was actually assassinated. The beluga, nicknamed Hvaldimir, rose to fame in 2019 after being spotted wearing a specially-made harness with mounts for a camera, sparking claims that the animal may have been trained by the Russian military. Two ...
A disgraced mayor wanted in the Philippines for alleged links to Chinese criminal networks has been arrested in Indonesia after several weeks on the run, Philippines officials announced Wednesday, as they vowed to prosecute cases against her. Alice Leal Guo, identified as Chinese national Guo Hua Ping by Philippine immigration authorities, fled the country in July as speculation swirled over ...
Typhoon Yagi has rapidly intensified to a super typhoon as it powers its way towards the Chinese holiday island of Hainan, where it is forecast to make landfall towards the end of the week. Yagi is currently packing winds of up to 240 kph (150 mph), according to the Joint Typhoon Warning Center (JTWC) Wednesday. That makes it a high-end Category ...
China is enjoying its “best in history” ties with African nations, leader Xi Jinping said on Thursday, as he pledged $50 billion in financial support for the continent, in addition to military aid. China and Africa should rally their populations together to become a “powerful force” and write a “new chapter in peace, prosperity and progress,” Xi said in a ...