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...likes to believe that the blackout rule has helped spur its incredible growth over the past few decades, but the policy does not necessarily deserve a ton of credit. Say you live in Detroit and have no plans to attend a Lions game early in the week. A few days later, you hear that if the game doesn't sell out, it won't be shown in the Detroit market. Are you really going to shell out good money so that someone else can watch it at home? "Are people really behaving that way?" asks Andrew Zimbalist, a sports economist...

Author: /time Magazine | Title: With Fewer Sellouts, NFL's Blackout Rule Under Fire | 9/10/2009 | See Source »

...real-life business performance is spotty. All four of the funds run by O'Leary's asset-management company are trailing the market this year. Shares of the company's oldest fund, O'Leary Global Equity Income Fund, which was launched in 2008, have plunged nearly 24% in the past year. Next, there's the truth-in-advertising problem: O'Leary calls himself an "eco-preneur," but many of the funds' investments are in coal companies and other large polluters. An O'Leary Funds representative declined to comment on the performance of the funds. (See pictures of TIME's Wall...

Author: /time Magazine | Title: TV's Shark Tank Guru: In Real Life, No Business Whiz | 9/10/2009 | See Source »

...sure, O'Leary is not the only famous investor who has struggled to stay above water in the market recently. But O'Leary's Global Equity Income Fund has sunk more than most. The average stock fund is down 12% in the past year, according to research firm Morningstar. Compared with other equity-income-fund managers, O'Leary has done even worse. Those funds, generally considered to be safer investments, on average have fallen 10%, or less than half the plunge of O'Leary's fund. And O'Leary is not doing any better since the market turned...

Author: /time Magazine | Title: TV's Shark Tank Guru: In Real Life, No Business Whiz | 9/10/2009 | See Source »

...time of the Mattel merger told employees that he "suspected the 'Learning Company is broke' and is 'cooking the books.' " Mattel paid shareholders $122 million to settle the suit. O'Leary and Perik settled as well. O'Leary did not return multiple calls for comment. In the past, O'Leary has blamed the problems at the Learning Company on the technology meltdown and a culture clash between the management of his company and Mattel...

Author: /time Magazine | Title: TV's Shark Tank Guru: In Real Life, No Business Whiz | 9/10/2009 | See Source »

...Where O'Leary has had clear success is on television. He started his career as a television producer before venturing into the software industry. For the past few years, he has been a staple of Canada's Business News Network, co-hosting a show called SqueezePlay. He is also one of the stars of the popular Dragon's Den, the Canadian show that served as the model for Shark Tank. When producer Mark Burnett, who also created Survivor and The Apprentice, acquired the show for American airwaves, he imported O'Leary along with another Canadian cast member, Robert Herjavec...

Author: /time Magazine | Title: TV's Shark Tank Guru: In Real Life, No Business Whiz | 9/10/2009 | See Source »

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