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...revenues from the cable and satellite operators could keep the MLB Network buoyant in a tough advertising market. In fact, most analysts are bullish about the channel. "We expect them to be profitable from day one," says Derek Baine, a senior analyst at SNL Kagan, a cable-television-research firm...
...right. But some analysts believe baseball's business decisions will cost the sport down the road. "They gave up too much equity," says Marc Ganis, president of SportsCorp Ltd., a consulting firm. "The initial wide distribution is a great short-term benefit. But it's almost like they're assuming they would not have grown. They could have gotten into 50 million homes and beyond without sacrificing one-third of the ownership. Major sports programming is something viewers will always find...
...dropped from 378 vessels in October 2007 to just 37 last October. In November, New York?based Genco Shipping and Trading wrote off a $53 million deposit in order to get out of a $530 million deal to buy six new vessels, freeing up liquidity and strengthening the firm's "ability to act opportunistically," a Genco spokesman said. As companies pull back to protect their bottom lines, many are simply taking ships out of service, says Kriton Lendoudis, managing director of Athens-based Evalend Shipping. Hundreds of vessels have been laid up off Britain, Germany, Greece and Singapore over...
...number of people who sue under the ADA have legitimate grievances and appear to be motivated by a sincere desire for access rather than monetary gain. However, according to David Warren Peters, CEO and general counsel of Lawyers Against Lawsuit Abuse, a small group of opportunists and select law firms are responsible for a huge percentage of the lawsuits. "I've seen plaintiffs that make Jarek Molski look like a Cub Scout," says Peters, whose San Diego-based firm represents and consults businesses and individuals accused of ADA noncompliance across the state and country. One plaintiff, he says, has filed...
Perhaps unsurprisingly, Molski's attorney, Thomas Frankovich, says his client and the dozen or so serial ADA plaintiffs his firm has represented are activists and crusaders. Frankovich dubbed Molski (who does not have a criminal record) "the sheriff" because "he started going into town to clean it up." Frankovich says he has filed 223 ADA lawsuits on behalf of Molski. (Molski used other attorneys to file his other suits.) Frankovich says Molski began suing only after his letters to offending businesses were ignored. (Molski was out of the country and couldn't be reached for comment.) Says Frankovich: "Letters...