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...club of Spain's establishment, owes its deep 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...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...nearly fell off my chair," said Randy Phillips, CEO of AEG Live, the country's second largest concert promoter. "I could not believe it. I mean, these are sophisticated businessmen - my God, a computer glitch?" Not surprisingly, Phillips opposes the merger and has even suggested he may cancel his seven-year contract with Ticketmaster if the deal goes through...

Author: /time Magazine | Title: Ticketmaster, Live Nation: Obama's Antitrust Test | 6/10/2009 | See Source »

...also under investigation, and the French have made inquiries into the assets of Jose Eduardo dos Santos of Angola and Blaise Compaoré of Burkina Faso. Like Bongo, all have denied any wrongdoing. But Bongo was one of the greediest and, coming to power at 31 in 1967, just seven years after Gabon's independence, one of the first. As such, he set and maintained the catastrophically low standard for African leadership that would ensure that a continent bursting with natural resources would remain the poorest and most war-ravaged place on earth for the ensuing four decades...

Author: /time Magazine | Title: Gabon Faces Bongo's Disastrous Legacy | 6/10/2009 | See Source »

...study is to be believed and students do perfectly well in a test that runs five-plus hours, what is the practical limit? Six? Seven? Twelve? We may never know. "Testing beyond 5.5 to six hours is not practical," says Ackerman, "because examinees would need a break of significant time to eat. It's an open question whether eight or more hours with a lunch break would result in poorer performance." For now, high school students dreading the SAT probably don't have to worry that the test is going to get longer. But it's not likely...

Author: /time Magazine | Title: Stress and Exhaustion May Improve SAT Scores | 6/9/2009 | See Source »

...classes are long gone and commencement has passed too, the Crimson heavyweights are still hard at work. Its final race of a long season will be this Saturday, as Harvard takes on Yale in the 144th Harvard-Yale Regatta in New London, Conn.The Crimson lightweights took bronze in the seven-boat final, the lone men’s lightweight race, finishing behind Princeton and Yale. As expected, the undefeated Tigers dominated, winning by almost five seconds. The Bulldogs, on the other hand, narrowly emerged victorious in the fight for second, a late comeback Harvard was none too happy about, since...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Freshmen Heavyweights Pace Crimson at IRAs | 6/9/2009 | See Source »

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