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Johnson, who created the first Black-owned company to be traded on the New York Stock Exchange, is the founder of Black Entertainment Television (BET). AdvertisementThe acquisition made Johnson and his former wife, Sheila Johnson, who is the cofounder of BET, billionaires. What is the best advice you've ever received, and how did it impact your business or career? The best advice I've ever received actually came from John Malone. Early on, some people wanted me to call BET "Urban Television" because "urban" was, I'd argue, considered a softer way of saying Black.
Persons: , Robert L, Johnson, It's, hasn't, Sheila Johnson, John Malone, he's, — Michael Jordan, Tom Baltimore, you've, I've, I'd, BET should've Organizations: Service, Business, New York Stock Exchange, Black Entertainment Television, BET, Viacom, NYSE, Lodging Trust, Black Educational Television, Black Locations: America
Taylor Swift's Eras Tour had a significant impact on several public companies this summer. "Knowing how our guests can't get enough of Taylor Swift, we proactively secured an exclusive vinyl offering that Swifties bought in droves." "In July, Taylor Swift launched her Eras Tour merch shop with us experiencing unprecedented volume sales and site visitors on launch day, and we were ready for it." "Folks aren't buying as much patio furniture when they're spending hundreds or thousands of dollars to go to Taylor Swift. Rolling Stones, U2, Madonna, Prince, and this Taylor Swift performance was at a whole different level.
Persons: Taylor, Taylor Swift, Swifties, Christina Hennington, — Harvey Finkelstein, — Boyd Muir, — Leslie Hale, Raymond Martz, Jon Bortz, Wee Ee Cheong, Thomson Leighton, James Conroy, It's, Jonathan Johnson, Tom Schmitt Organizations: Service, AlphaSense, Merchandising, Universal Music, Lodging, Overseas Bank, Bot, Akamai, Forward Locations: Wall, Silicon, Chicago
Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."
It invests in deeply discounted real estate in the public markets and select corporate engagements. Land & Buildings ("L&B") is a real estate focused investor, and this is primarily a real estate play. In its analysis, L&B assumes a 7.25% cap rate and a $2.8 billion value for the real estate. Without stabilizing operations, the real estate strategy can only create so much shareholder value. However, optimizing attendance and stabilizing operations will magnify any value created by the real estate strategy.
They usually review their cash flow expectations for at least the next 18 months when determining whether or how much to pay in dividends, Mr. Silverblatt said. Of the S&P 500, 373 companies raised dividends in 2022 through Dec. 15, compared with 353 in 2021, according to S&P Dow Jones Indices. Five S&P 500 companies decreased their dividend in 2022 through Dec. 15, compared with four in 2021. It paid $7 billion in cash dividends for the year ended Oct. 30, up 13.2% from the prior-year period. Cash and cash equivalents totaled $505.5 million as of Sept. 30, down from $673 million a year earlier, filings showed.
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