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☆ Biden campaign co-chair fires back at speculation on the president's mental capacity
▼ + stars: | 2024-02-11 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden gestures as he delivers remarks at the White House in Washington, U.S., February 8, 2024. President Joe Biden's campaign national co-chair Mitch Landrieu on Sunday fired back at concerns raised by Special Counsel Robert Hur surrounding Biden's alleged mental deterioration. "But that's not what the most egregious thing is about this report," Landrieu continued. The comments follow Special Counsel Robert Hur's investigation into possible mishandling of U.S. classified documents that could have endangered national security. The report went a step further in citing the president's allegedly "poor memory," which Biden denied in a national address last week.

Persons: Joe Biden, Joe Biden's, Mitch Landrieu, Robert Hur, They're, Landrieu, Donald Trump, Biden, I've, Robert Hur's, Alejandro Mayorkas, Mayorkas Organizations: White, Sunday, Press, Republican, Democratic, Homeland Locations: Washington , U.S, America, Delaware, Washington

A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Super Bowl 58 kicks off at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers. Even as linear ad revenue slips, companies know there's no opportunity guaranteed to reach more people than the Super Bowl. — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson and Jordan Novet contributed to CNBC's Super Bowl coverage.

Persons: Bob Iger, Jason Momoa, Quinta Brunson, Jenna Ortega, Tina Fey, Kate McKinnon, Pete Davidson, Addison Rae, Usher, — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson, Jordan Novet Organizations: NFL, Super, AFC, Kansas City Chiefs, NFC, San Francisco 49ers, Disney, CBS Locations: Las Vegas , Nevada, Las Vegas, U.S

☆ Radio shows surprising resilience even in a rapidly changing media world
▼ + stars: | 2024-01-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Pay TV, while newer, has faced more significant declines. Pay TV penetration, on the other hand, fell 20 percentage points between 2014 and 2023, according to data firm Statista. In the third quarter of last year, the pay TV industry shrank at a record pace, analysts at MoffettNathanson said in their latest cord-cutting report. "Terrestrial radio has stayed steady even as other mediums like satellite radio, podcasts and Apple CarPlay have come on board," said Guggenheim media analyst Curry Baker. Contests and sweepstakes represent another unique draw to terrestrial radio.

Persons: It's, MoffettNathanson, Curry Baker, Baker, Elvis Duran, Ryan Seacrest, Sean Hannity, Tom Poleman Organizations: Pew Research, Apple, Guggenheim, Cable, Conservative, Fox News, CNBC Locations: U.S, Los Angeles

Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. Altice USA will collect proceeds in the future if Cheddar meets certain performance targets. Those payments could amount to about $50 million based on internal projections, CNBC previously reported. Cheddar, founded in 2016 by Jon Steinberg, was bought by Altice USA in 2019 for $200 million. "We are incredibly proud of what Cheddar News has accomplished within the Altice USA portfolio, growing its distribution to reach new viewers with fresh and exciting need-to-know news content," said Keith Bowen, president of news, advertising and programming for Altice USA, in a statement.

Persons: Jon Steinberg, Keith Bowen Organizations: Cheddar News, Altice USA, CNBC, Sunset Magazine, Military Times, CNBC PRO Locations: Cheddar, Regent, USA

☆ 2024 is shaping up to be the year of the streaming bundle
▼ + stars: | 2023-12-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Still, the age of the cable bundle is giving way to the era of a new kind of bundle that could give both streamers and cable providers a path forward. Media executives told CNBC this month that 2024 could finally be the year that media companies get serious about the bundle. Discovery, earlier this year predicted more integration of streaming services into cable bundles. Despite the demand for a streaming bundle, top players have historically been apprehensive to make such a deal.

Persons: Tim Nollen, Chris Winfrey, Nollen, John Malone, who's, Bob Bakish, David Zaslav Organizations: Disney, Netflix, Media, CNBC, Macquarie, Charter Communications, National Football League, ESPN, Charter's, Liberty Media, Warner Bros, Paramount, Discovery, Companies Locations: Los Angeles

☆ Nike, Foot Locker shares sink after athletic apparel maker cuts revenue outlook
▼ + stars: | 2023-12-22 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Foot Locker, which relies heavily on Nike products in its stores, closed down nearly 4%. Nike said in its earnings report Thursday that the company now expects its revenue to grow 1% for the fiscal year, down from the prior outlook of mid-single-digit growth. The company also said it was going to cut costs of upward of $2 billion over the next three years. The new outlook reflects increased headwinds "particularly in Greater China and EMEA," finance chief Matthew Friend said in the earnings call Thursday.

Persons: Locker, Matthew Friend, Cowen, Goldman Sachs, Gabrielle Fonrouge, Michael Bloom Organizations: Nike, EMEA, CNBC PRO Locations: Greater China

☆ James Gorman talks Disney succession, proxy fight as he gears up to join board
▼ + stars: | 2023-12-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney , which will advise the board on choosing CEO Bob Iger's successor. Trian said it would push for Peltz and former Disney executive Jay Rasulo to join the board. "Disney is forming a succession committee, which I'll be joining," Gorman told CNBC's David Faber. Disney said Gorman was referring to the succession committee the company announced in January. Before he ended his previous reign as CEO, Iger renewed his contract multiple times.

Persons: Morgan Stanley, James Gorman, Bob Iger's, Gorman, Jan, Jeremy Darroch, Nelson Peltz, Trian, Jay Rasulo, CNBC's David Faber, Morgan Stanley's, he's, Disney, Iger, Bob Chapek Organizations: Disney, Sky, CNBC

Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, Bob Bakish, Shari Redstone, David Ellison's Skydance, Gerry Cardinale's, Liberty Media's John Malone, Joe Biden's, There's, Axios, — CNBC's Drew Richardson Organizations: Warner Bros . Discovery, Paramount Global, CNBC, Warner Bros, Discovery, Paramount, Redstone, Amusements, CBS, Warner Media, Netflix, Liberty, Media, Morris Trust, Comcast, CNBC PRO

Shares of The North Face and Vans owner VF Corp . VF Corp. declined to comment on whether the incident was a ransomware attack. VF Corp. announced the incident on the same day that the U.S. Securities and Exchange Commission's new cyber disclosure rules took effect. VF Corp. first identified hackers in its system on Dec. 13, meaning it took relatively little time for the company to identify the threat as material. VF Corp. is the latest major company to be hit a by cyberattack that disrupted company operations.

Persons: Clorox Organizations: Corp, VF Corp, U.S . Securities, Exchange, SEC, Caesars Entertainment, CNBC, MGM Resorts, Caesars, MGM

☆ Olive Garden owner Darden beats earnings estimates, hikes guidance as sales climb
▼ + stars: | 2023-12-15 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains such as Olive Garden and LongHorn Steakhouse. Darden completed its acquisition of Ruth's Hospitality Group, owner of chain restaurant Ruth's Chris Steak House, in June. The company will not include same-store sales from Ruth's Chris Steak House until Darden has owned and operated the restaurant for a 16-month period. "We continued to profitably grow market share again this quarter as we outperformed industry same-restaurant sales and traffic," said Cardenas in a statement. The LongHorn Steakhouse owner also projects $11.5 billion in sales for the fiscal year, as well as 50 to 55 new restaurant openings.

Persons: Chris, Rick Cardenas, Cardenas, Raj Vennam, Darden, Chris Steak Organizations: Darden, Olive Garden, LongHorn, LSEG, Ruth's Hospitality Group, Chris Steak House, CNBC PRO Locations: Olive

☆ Youth sports is a multibillion-dollar business. An ex-Disney TV exec aims to supercharge it
▼ + stars: | 2023-12-14 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

He became passionate enough about it to launch a youth sports venture, MOJO Sports, following his tenure at Disney. Parents and youth team managers use TeamSnap, founded in 2009, to organize rosters and schedules, while enabling communication between parents and coaches. The resources give coaches the material and know-how to lead a better, and more fun, team practice, Sherwood said. When your kids are involved in youth sports, every weekend becomes Super Bowl weekend, said TeamSnap CEO Peter Frintzilas. "This is a defining moment for TeamSnap and for youth sports," Frintzilas added in a company statement.

Persons: Ben Sherwood, Sherwood, TeamSnap, who's, Peter Frintzilas, Frintzilas, Ben Organizations: Disney, East, West Coasts, MOJO, CNBC, Major League Baseball Locations: West

Trian Fund Management on Thursday announced it was nominating its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to the media giant's board, as the firm wages a contentious proxy fight with Disney. The firm announced it was seeking two board seats for Peltz and another media executive, following what it called "significant value destruction and missteps" that the board oversaw. Trian's proxy fight comes as Disney CEO Bob Iger tries to right the ship after a broad restructuring that resulted in thousands of layoffs. Disney has said the proxy fight is apparently in part due to a personal grudge held by Peltz's ally and former Marvel boss Ike Perlmutter. Trian has oversight of shares owned by Perlmutter, who has been an outspoken critic of Disney CEO Bob Iger.

Persons: Nelson Peltz, Walt Disney, Jay Rasulo, Trian, Rasulo, Disney, Bob Iger, Peltz's, Ike Perlmutter, Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch Organizations: Trian Fund Management, Future Investment Initiative, Summit, Trian, Management, Walt, Disney, Company, Peltz, Marvel, Sky Locations: Miami , Florida

☆ Washington sports teams Capitals, Wizards to move to new Virginia complex in 2028
▼ + stars: | 2023-12-13 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

watch nowThe National Hockey League's Washington Capitals and the National Basketball Association's Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state's Gov. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & Entertainment, which owns the Capitals and Wizards, as well as the new home arena for the teams. Glenn Youngkin answers questions following the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, December 13, 2023 in Alexandria, Virginia. Win Mcnamee | Getty Images News | Getty Images"This is the most visionary sports and entertainment development in the world. Legislators will have to greenlight the creation of the complex in the next Virginia General Assembly session.

Persons: Glenn Youngkin, Win Mcnamee, Youngkin Organizations: Hockey League's Washington Capitals, National Basketball, Washington Wizards, Washington , D.C, Monumental Sports & Entertainment, Capitals, Wizards, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Virginia General Locations: Alexandria , Virginia, Washington ,, Commonwealth, Virginia

☆ Paramount shares jump after reports of takeover interest
▼ + stars: | 2023-12-08 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares closed up more than 12% Friday. Meanwhile, the company is reportedly considering bundling its Paramount+ streaming service with Apple TV+. Paramount, RedBird Capital and Skydance did not immediately respond to CNBC's requests for comment.

Persons: Shari Redstone, weathers, Goldman Sachs, Gerry Cardinale, David Ellison's Skydance, Skydance Organizations: Paramount, Paramount Global, Puck, RedBird, Apple Locations: Los Angeles

☆ Disney+ adding Hulu integration as streaming bundles accelerate
▼ + stars: | 2023-12-06 | by ( Drew Richardson | ) www.cnbc.com time to read: 1 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Disney is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The company offers a bundle of Disney+ and Hulu, but Wednesday's release is part of a push to integrate the two platforms. Disney last month agreed to buy the remaining one-third stake in Hulu that was owned by Comcast's NBCUniversal. The Hulu integration is available to people who subscribe to the bundle, albeit in a limited form for now, according to a post on Disney's website.

Persons: Comcast's NBCUniversal Organizations: Disney Locations: Brooklyn, New York, Hulu

☆ Activist investor urges Disney to add Trian's Nelson Peltz to its board
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Activist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment giant. "Mr. Peltz (or a qualified designee) would make a fantastic addition to Disney's Board." Trian oversees about $3 billion in Disney stock, but the overwhelming bulk of the shares is owned by Perlmutter, whom Disney laid off earlier this year. Trian is seeking more than two seats on Disney's board, which is populated by directors seen as loyal to Iger. Ancora owned more than 60,000 shares of Disney as of September, according to FactSet.

Persons: Ancora, Disney, Nelson Peltz, Peltz, Bob Chapek, Bob Iger, Ike Perlmutter, Trian, Perlmutter, Iger Organizations: Board, Trian Fund Management, Disney's, Disney, Marvel, CNBC PRO Locations: Trian

☆ Charter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Charter shares plunged more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast 's stock also slipped more than 3% in midday trading. Comcast reported it lost 18,000 broadband subscribers in the third quarter. Even so, Fischer believes Charter will return to subscriber growth, citing a potential rebound in the housing market. Adding "value back into video," referring to Disney and Charter's deal to include Disney+ in some Spectrum plans, will also drive competitiveness for Charter, Fischer added.

Persons: Jessica Fischer, Fischer Organizations: Comcast, UBS Global Media, Communications Conference, Disney, Charter, CNBC, CNBC PRO

☆ Media stocks jump after report says Apple, Paramount are discussing streaming bundle
▼ + stars: | 2023-12-01 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Media stocks jumped on Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company's streaming platforms. The companies have talked about bundling Apple TV+ and Paramount+ in an offering that would cost less than subscribing to the two separately, The Wall Street Journal reported Friday. Paramount+ and Apple TV+ could be an ideal match for a bundle given their differing content strategies. Apple TV+ is known to offer a robust library of exclusive and prestige content, while Paramount+ boasts a larger back-catalog of recognizable TV shows and movies. An Apple partnership could be a strong opportunity to help Paramount pivot in the rapidly changing media environment.

Persons: Max, John Malone, Shari Redstone Organizations: Journal, Apple, Paramount Global, Paramount, Street, Warner Bros, Netflix, Verizon, Liberty Media, Discovery, Disney, ESPN, Charter, CNBC

Activist investor Nelson Peltz and his firm are seeking more than two seats on Disney's board, according to a person familiar with the matter, setting the stage for a proxy fight. "Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares," Disney said in a statement. Disney shares are up about 6% this year, far underperforming the S&P 500. Peltz had earlier pushed for a seat on Disney's board after Trian took an approximately $800 million stake in Disney.

Persons: Nelson Peltz, Peltz, Disney, Trian, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Sir Jeremy Darroch, Ike Perlmutter, Bob Iger, Perlmutter, Isaac Perlmutter, Robert A, Iger, – CNBC's Alex Sherman Organizations: Trian Fund Management, Future Investment Initiative, Summit, Disney, Sky, Peltz, Disney's, CNBC Locations: Miami , Florida

☆ PGA Tour commissioner says he's talking to possible investors ahead of Saudi deal deadline
▼ + stars: | 2023-11-29 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

PGA Tour Commissioner Jay Monahan speaks during a press conference prior to the TOUR Championship at East Lake Golf Club on August 24, 2022 in Atlanta, Georgia. PGA Tour Commissioner Jay Monahan said Wednesday that the organization is talking to several potential investors as a deadline to clinch a deal with Saudi Arabia's Public Investment Fund rapidly approaches. LIV and the PGA Tour were engaged in an antitrust legal battle dating back to last year. The deal had the PGA Tour retaining control in the face of an existential threat, he added. The PIF and "likely another co-investor with significant experience in business and sports will help the PGA Tour take share from other sports and be even more competitive."

Persons: Jay Monahan, " Monahan, Yasir bin Othman Al, Saudi Crown Prince Mohammed bin Salman, Monahan, LIV Golf, LIV, Phil Mickelson, Tiger Woods, Rory McIlroy, Saud Arabia's Organizations: East Lake Golf Club, PGA, Saudi Arabia's Public Investment Fund, The New York Times, Saudi Crown, PGA Tour, Public Investment Fund, Boston Red Sox, Fenway Sports Group, Endeavor Group Holdings, Endeavor Locations: Atlanta , Georgia, Saudi

☆ Three ‘Grand Theft Auto’ titles are coming to Netflix's mobile game library
▼ + stars: | 2023-11-29 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023. Rockstar Games originally released "Grand Theft Auto: The Trilogy – The Definitive Edition" for consoles and PC platforms in November 2021 . The release will include "Grand Theft Auto III – The Definitive Edition," "Grand Theft Auto: Vice City – The Definitive Edition" and "Grand Theft Auto: San Andreas – The Definitive Edition." Netflix announced Wednesday that it will make three "Grand Theft Auto" titles available to play for subscribers next month. "Grand Theft Auto" is one of the best-selling video game franchises of all time, shipping more than 405 million units worldwide, according to data firm Statista.

Persons: Andreas –, It's, Ross Benes, Andreas, Wall, Greg Peters, we've, Peters Organizations: Netflix, Rockstar Games, Rockstar, Apple, Auto, Vice City, Intelligence, CNBC PRO Locations: Krakow, Poland

☆ Thanksgiving TV broadcasts drew record-breaking ratings, even as industry grapples with cord-cutting
▼ + stars: | 2023-11-28 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

NBC drew an all-time record 28.5 million viewers this year during its broadcast of the 97th annual Macy's Thanksgiving Day Parade, up 6% from last year, Variety reported Friday. Despite the trend, more than two-thirds of the parade audience, about 22.3 million viewers, tuned in via traditional TV, according to Variety. The game captured 41.8 million viewers based on Nielson data, peaking at nearly 44.3 million viewers. Fox's Packers-Lions matchup grabbed 33.7 million viewers per Nielson, the most watched Thanksgiving Day game ever for the 12:30 p.m. The game was also NBC Sports' most-streamed primetime NFL Thanksgiving game ever, with viewership led by its platform Peacock, NBC Sports said Friday.

Persons: Nielson, Amazon, Patrick, Kevin Krim, Krim Organizations: NBC, Variety, CBS, Dallas Cowboys, Washington, Nielson, year's Cowboys, Giants, Paramount, Fox's Packers, Lions, Fox, NBC Sports, San Francisco 49ers, Seattle Seahawks, Bears, Packers, NFL, New York Jets, Miami Dolphins, Black, Fox Sports, EDO Inc

☆ NFL's Black Friday game is the latest warning sign for traditional TV
▼ + stars: | 2023-11-24 | by ( Drew Richardson | ) www.cnbc.com time to read: +5 min

And with the game streaming the day after Thanksgiving, Amazon could capture some of the holiday viewership, which broke records last year. ESPN's pivotESPN has long ruled sports programming on traditional TV. Yet even as the streaming trend picks up, sports programming is helping keep cable and traditional TV alive, for the moment. Earlier this year, data firm Nielsen reported that traditional TV made up less than half of overall TV usage in July. A FOX Sports TV camera operator during the week 5 NFL game between the Atlanta Falcons and the Carolina Panthers at Mercedes-Benz Stadium on October 11, 2020 in Atlanta, Georgia.

Persons: Jacob Kupferman, National Football League's, it's, Brian Rolapp, CNBC's Julia Boorstin, Garth Brooks, Nielsen, Tim Nollen, John Hodulik, Bob Iger, CNBC's Boorstin, Patrick, David J, Griffin Organizations: Miami Dolphins, New York Jets, National Football, Amazon's, NFL, Detroit Lions, Dallas Cowboys, Fox, CBS, NBC, YouTube, Warner Bros, ESPN, UBS, Disney, Fox Sports, FOX Sports, Atlanta Falcons, Carolina Panthers, Mercedes, Benz, Getty Locations: Atlanta , Georgia

☆ NFL committed to X partnership as Elon Musk's social platform gets heat for hate speech
▼ + stars: | 2023-11-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The National Football League is sticking with X, formerly known as Twitter, as Elon Musk's site faces an advertiser revolt over hate speech and antisemitism on the platform. The NFL has partnered with the platform since 2013 as part of an effort to bring fans exclusive content. Last week, Musk agreed with a post on the platform accusing "Jewish communities" of pushing "hatred against whites," CNBC reported earlier this month. Earlier this month, left-leaning media watchdog site MediaMatters.org posted instances of Apple, Bravo and Oracle ads appearing next to antisemitic content on Musk's platform. X on Monday sued Media Matters over the report, coinciding with an investigation launched by Texas Attorney General Ken Paxton into the watchdog site for possible fraudulent activity.

Persons: Brian Rolapp, CNBC's Julia Boorstin, Musk, Ken Paxton, X, Linda Yaccarino, – CNBC's Julia Boorstin Organizations: National Football League, NFL, Apple, Disney, CNBC, Bravo, Oracle, Monday, Media, Texas, Hamas Locations: Elon, Palestinian, Israel

☆ PGA Tour, TGL assessing timeline for Tiger Woods' new golf league after dome collapse
▼ + stars: | 2023-11-17 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Extensive damage at a Florida dome venue is potentially a big blow to the Tiger Woods and Rory McIlroy-backed tech-infused golf league two months out from its launch. Photos surfaced earlier this week showing that the air-supported SoFi Center dome, located in Palm Beach Gardens, Florida, had collapsed due to a power outage. "We are still assessing the damage and determining the impact on our timelines," the league, TGL, told CNBC. The indoor golf league, which counts the PGA Tour as a partner, is slated to launch on Jan. 9, featuring about two dozen tour golfers. The TGL developments also come as the PGA Tour pursues a controversial business partnership with Saudi-funded rival LIV Golf.

Persons: Woods, Tiger Woods, Rory McIlroy, TGL, Jon Rahm, Rahm, LIV Golf, –, Jessica Golden Organizations: Augusta National Golf Club, Tiger, CNBC, ESPN, Twitter, PGA, Saudi Locations: United States, Augusta , Georgia, Florida, Palm Beach Gardens , Florida

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