PTI Overtakes SportsCenter In Ratings, Revenue

You may or may not know who Mark Shapiro is, but he’s the guy who went from Jim Rome’s lowly production assistant in the early days of ESPN2 to the head of network programming in less than 10 years.

PTI has bigger ratings than SportsCenter

(I refuse to give PTI the nod until Tony K. wraps the wraparound)

As head of ESPN on-air conent from 2002-05, Shapiro created some duds, like those lame ESPN movies and Stephen A. Smith, and current ESPN upper management has quite obviously done plenty to distance itself from many of Shapiro’s initiatives. But Shapiro also masterminded many of the net’s signature properties, like the X Games, ESPY Awards and what has become ESPN’s top in-house broadcast property - Pardon The Interruption.

We all remember when PTI debuted. The over-the-top, sometimes nonsensical graphics & countdown clocks, bizarre between commercial look-ins and two well-aged gents no one had heard of outside The District.

Fast forward to today and according to more than one ESPN source, PTI regularly averages more viewers than SportsCenter and also enjoys a higher ad revenue base. And another bizarro Shapiro concoction, Around The Horn, isn’t far behind. Read more…

Six Flags Bankrupt, Asks Haynesworth for Bailout

Dan Snyder, the controlling interest in Six Flags as well as the owner of the Washington Redskins, installed his crack management team to solve that Six Flags things over there when he forcefully took control of the company in 2005.  Mark Shapiro, formerly the ESPN programming chief, took the reins and promptly instituted cheerleaders, which should have taken care of the company’s money woes.

Dan Snyder and Tom Cruise

(”No, no… we had Bugs Bunny tested and his theta levels are stellar.  So are you interested in investing?”)

Somehow, though, young men and women hopping up and down rhythmically didn’t wash away the  $2.4 billion in debt nor the losses each quarter.  Therefore, Six Flags is following the cool kids in town and filing for Chapter 11 bankruptcy just to ditch most of the debt and then climb right back out.  You know, like that time you ran up $50,000 on your credit cards, declared bankruptcy, ditched the debt, and kept your house and car.

Read more…

Daniel Snyder’s Six Flags Gets Delisted by NYSE

Times is tough. We all know it. And when the recession is hitting the economy so hard that the most famous amusement park chain in the country might go into bankruptcy proceedings, it’s a dark day. We can’t even sell fun, people! Sad faces everywhere.

Abandoned Roller Coaster
(Snyder quickly offered the roller coaster $40 million over 6 years.)

And so with a stock price well under a quarter, Six Flags is suspended from trading at the New York Stock Exchange, according to the LA TIMES. Incidentally, the Chairman of the Board at Six Flags is one Daniel Snyder, the owner of the Washington Redskins. Should bankruptcy be the call, Snyder’s stake in the company will probably be wiped out, which can’t be good news for the ‘Skins - how good do you think Clinton Portis is feeling about that deferred compensation now?

But there’s a deeper sports connection here, one that’s far more unsettling and unfair. Because according to BLOOMBERG, while shareholders are getting taken to the cleaners, the CEO - a former sports figure - is set to collect a handsome sum of money from the proceedings under an apparently unironically-named “success bonus”: Read more…

Blog-O-Rama: Goodnight Sweet Dump Casey Blake

Casey Blake Scary

  • YOU BEEN BLINDED dials up video of Carlos Zambrano getting K-balled in a fast pitch softball league from back in June.
  • MISTER IRRELEVANT eulogizes the loss of Red Lasso, every blogger’s best friend. I, for one, welcome Brian Powell as our new video overlord.

Read more…

Six Flags Over Desperation - Now w/Cheerleaders!

When Daniel Snyder, owner of the Washington Redskins and noted spokesman for Short Man’s Disease, installed Mark Shapiro, former ESPN executive VP of programming, as the CEO of Six Flags in 2005 at a rumored cost of $10m in guaranteed salary and bonuses, he certainly hoped for better than cockroach eating contests and finding exciting new lows for the stock price.

Thankfully, 2008 will finally be the year that hire pays off for Snyder. They’re hired away their CFO from Euro Disney, agreed to terms to build Six Flags Over Dubai, and only posted a $253m loss last year. Also, Shapiro has finally figured out how to lure the key teen demographic back to the parks. (No, not Guitar Hero contests. That would be ridiculous.)

Six Flags Marketing meeting

(Six Flags Marketing meeting)

That’s right: theme park cheerleaders!
Read more…