Word: broadcasts
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...pockets to a powerful brand and unrivaled commercial skills. Owned by 80,000 of its supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows of all time...
...Locking in long-term revenue is typical in the sports business and crucial to spending during a downturn. Besides the broadcast deal, by far the world's biggest with a single sports club, Madrid has another season left in its three-year shirt-sponsorship contract with online betting company bwin, and kit sponsor Adidas is signed up until 2012. Although commercial revenue dipped as a share of Madrid's takings in 2007-08 - the departure of Englishman David Beckham, who helped increase merchandise profits 137% during his four years with the club, had a lot to do with that...
...Iranians played a competitive match in the North Korean capital, the game turned sour. Slipping to defeat, North Korean players vented their frustrations on the Syrian referee, pushing the official to the ground. Irate fans hurled missiles - plastic bottles, mostly - at the Iranian team. The scenes then were broadcast via satellite around the world, giving watchers of the isolated communist state a strange, unprecedented glimpse of what civil disturbance could look like in the hermit kingdom. (See pictures of soccer riots at LIFE.com...
...page. If you follow 20 people, you'll see a mix of tweets scrolling down the page: breakfast-cereal updates, interesting new links, music recommendations, even musings on the future of education. Some celebrity Twitterers - most famously Ashton Kutcher - have crossed the million-follower mark, effectively giving them a broadcast-size audience. The average Twitter profile seems to be somewhere in the dozens: a collage of friends, colleagues and a handful of celebrities. The mix creates a media experience quite unlike anything that has come before it, strangely intimate and at the same time celebrity-obsessed. You glance at your...
...Palestinian territories, Obama's speech was watched more avidly. Broadcast on Gulf, Egyptian and Jordanian satellite-TV channels, Palestinians in coffee houses and restaurants were riveted by Obama's words. Fouad, a teacher, says, "I was emotionally moved by Obama's delivery. I loved his grasp of Islamic history." A Bethlehem mother, Raheeda Hamad, says she approved of Obama's message of a global partnership and of the necessity for equal education for women. At Nablus University, political scientist and Islamic scholar Abdul Sattar Qasim says, "His speech was very close to the heart. He has a way of speaking...