Starting to make cents: North Side plan coming to fruition

Work being done on the facade of Wrigley Field near the Marquee Joe Musso/Medil Reports
Work being done on the facade of Wrigley Field near the Marquee
Joe Musso/Medil Reports

By Joe Musso

For the better part of the last century the Chicago Cubs have delivered an on-field product most fans would be ashamed of. The lovable losers’ ticket sales have also suffered over the past five years, but widespread change is on the horizon. Continue reading “Starting to make cents: North Side plan coming to fruition”

Stocks close mixed after signs of growing economy

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By Joe Musso

Stocks saw little change but remained near record levels on Tuesday as investors digested conflicting economic reports in a holiday-shortened week.

The Standard and Poor’s 500-stock index fell 2.38 points, or 0.12 percent to close at 2,067.03. The Dow Jones Industrial Average slipped 2.96 points, or 0.02 percent to close at 17,814.94. The NASDAQ Composite Index gained 3.36 points, or 0.07 percent to close at 4,758.25. Continue reading “Stocks close mixed after signs of growing economy”

AT&T boasts increased revenues while earnings miss the mark

By Joe Musso

Despite an increase in subscription numbers AT&T's bottom line takes a hit in the third quarter. Joe Musso / Medill
Despite an increase in subscription numbers AT&T’s bottom line takes a hit in the third quarter.
Joe Musso / Medill

AT&T Inc. (T) shares came under pressure Thursday after the telecom giant unsettled investors by reporting third quarter results that fell slightly short of analyst expectations. Continue reading “AT&T boasts increased revenues while earnings miss the mark”

Housing sales inch back in September

By Joe Musso

House
A real estate yard advertisement marks a home for sale in Elmhurst, Illinois, a suburb west of Chicago, October 22, 2014. Joe Musso/Medill

Existing-home sales rose 2.4 percent in September, reaching the highest level of 2014 and surpassing economists’ average forecast.

The median price of previously owned homes in September rose 5.6 percent to $209,700 from September 2013. Continue reading “Housing sales inch back in September”

On the court and in the living room, NBA media deal raises the stakes

Bulls brass already gearing up for free agency free-for-all following the 2015-2016 season.
Bulls brass already gearing up for free agency free-for-all following the 2015-2016 season.

by Joe Musso

The NBA’s agreement with ESPN and Turner Sports to extend their media rights deal through the 2024-25 season comes as no surprise to those close to the association, but the astronomical terms of the nine-year mega-deal promises jarring changes from front offices to the family front room.

The nine-year, $24 billion contract, which will go into effect in the 2016-2017 season, will cost ESPN and Turner Sports a combined $2.6 billion dollars annually.  This reflects a 180 percent increase from the $930 million dollar annual agreement signed in 2007.

Continue reading “On the court and in the living room, NBA media deal raises the stakes”