Business Magazines' Issues: Ad Slump, Web, New Rival
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Gerry Smith / Bloomberg:
Penn Entertainment Inc., owner of 36% of Barstool Sports, is buying the remaining shares of the sports and culture outlet, gaining full control by February 2023
Michael Smith / Sports Business Journal:
The Big Ten conference finalizes media rights contracts with CBS, Fox, and NBC totaling $8B+ over seven years, almost 3x more than the previous contract
Wilson Chapman / Variety:
HBO plans to remove ~36 titles from its service as early as this week, citing the pending Discovery+ merger; the move will likely help cut costs and residuals
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