Like millions of cricket fans in the country, Yuvraj Singh is a big admirer of the batting maestro Sachin Tendulkar. On many occasions, the all-rounder has revealed how Tendulkar never ceases to amaze and inspire him. (Full Coverage|Points Table)On Sunday, when Tendulkar appeared on the big screen, the Visakhapatnam crowd went berserk and came up with the trademark ‘Sachin, Sachin’ chant. And Yuvraj, who was playing for the Sunrisers Hyderabad against Mumbai Indians at the latter’s new home ground in Visakhapatnam, went a step ahead to show his mark of respect by bending down and touching his idol’s feet after the match.Yuvraj though was stopped by Tendulkar before being embraced near the boundary line.Tendulkar, the mentor of the defending champions, was present in the dugout. Just when Tendulkar was on air, talking about how bat was dominating ball in modern-day cricket, SRH bowlers came up with a strong show and shot down Mumbai for 92 and sealed a 85-run win for their team. Yuvraj showed glimpses of his vintage self with a 23-ball 39.Yuvraj had similarly touched Tendulkar’s feet during the Lord’s Bicentenary celebration match in July 2014. Yuvraj hit a 132-ball 134 for Rest of the World against the Tendulkar-led Marylebone Cricket Club.
Phil Lutzenkirchen FieldPhilip Lutzenkirchen, a former All-SEC tight end at Auburn, passed away last June in a single car crash near La Grange, Georgia. This summer, Lutzenkirchen’s high school, Lassiter High School in Marietta, Georgia, will unveil a new turf field installed in his honor. Thursday, the school board in Cobb County approved a $332,421.68 project (fully funded by the Lutzie 43 Foundation) to have the field completed by the end of July. Here’s more, via AL.com:Frank Filmann Stadium plays host to Lassiter High’s football games. The new field will be named “Lutzie 43 Field.” Lutzenkirchen’s family memorialized Philip inside the high school stadium three days following his shocking death in a single-vehicle accident outside La Grange, Georgia on June 29, 2014.The Lutzie 43 Foundation celebrated the decision by tweeting the news to its followers.#LutzieField is coming this fall! The @CobbSchools board passed it 7-0! pic.twitter.com/WKXWvJQT7Y— Lutzie 43 Foundation (@lutzie43) June 25, 2015[AL.com]
TORONTO – While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead anticipate more modest returns with the add-on of greater market volatility.“Despite being flat in the early part of the year and then posting some gains here in the back half of the year, the swings in equity prices on the S&P/TSX composite index have been incredibly small by historical standards,” said Craig Fehr, a Canadian markets strategist with Edward Jones. “And so I think the first thing we can expect from the TSX is much bigger swings in prices, much more volatility on a daily and weekly basis.”“All that said, I think there’s still more gas left in the tank for this bull market,” he added, referencing the eight-plus years of global gains since the dark days of 2009 in the wake of the last recession. “I think we can see positive returns again in 2018. I would expect them to be relatively muted so … Canadian equities, domestic equities, still underperform international markets.”After hitting a record high of 15,922.67 on Feb. 21, the TSX steadily declined to a low of 14,951.88 by Aug. 21, down 2.2 per cent on the year at the time. A resurgence in oil — which saw crude prices rally from a 2017 low of US$42.53 per barrel on June 21 to a barrier-breaking high of US$60.42 on the final trading day of the year — sparked a surge in energy shares that saw the TSX complete its first of many record closes in the latter half of 2017. By Dec. 27 and Dec. 28, the TSX closed at consecutive record highs of 16,203.13 and 16,221.95, respectively. It finished 2017 at 16,209.13, ahead 921.54 points or about six per cent on the year.By comparison, Wall Street’s S&P 500 index — the American equivalent to the TSX — gained 434.78 points or about 19 per cent in 2017. The Dow Jones industrial average added 4,956.62 points or about 25 per cent, and the Nasdaq composite index gained 1,520.27 points or about 28 per cent.One the most dominant themes in equity markets in 2017 was the trend toward stability from cyclicality in an otherwise uncertain political and geopolitical backdrop, said Candice Bangsund, vice president and portfolio manager at Fiera Capital. This saw the more defensive U.S. equity markets, which are heavily weighted towards technological growth, thrive last year. Meanwhile, the cyclically-based Canadian equity markets made up primarily of financial, energy and materials sectors were largely underappreciated.While oil is a key influence on the commodity-heavy TSX, economist Todd Mattina of Mackenzie Investments said he expects it to remain range-bound around its current level of US$50 to US$60 a barrel going into the new year — a level that will not really help the index in a meaningful way.“The TSX has benefited in recent months because of the strong rally in oil prices. But there’s a number of uncertainties going into 2018 that also cloud the outlook,” he said. “One of them is how much further can oil prices rally? … To the extent that higher oil prices since September have supported gains in the TSX, a risk factor in 2018 is that oil prices could run into resistance if U.S. shale producers increase production at today’s higher price levels.”Still, oil only touches upon one of several possible risks for the TSX in 2018, Mattina added. “The oil price outlook is not the driver of our bearish view of Canadian stocks. We are underweight the Canadian stock market because valuations are not highly attractive relative to other major stock markets and our indicators of investor sentiment look bearish.”He said that in addition to the policy uncertainty around ongoing NAFTA renegotiations, another factor weighing on the TSX is the perennial concern about very high levels of Canadian household debt and how that will affect consumer spending in the forthcoming years. Statistics Canada reported in December that household credit market debt as a proportion of household disposable income increased to 171.1 per cent in the third quarter of 2017, up from 170.1 per cent in the second quarter. That means there was $1.71 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of household disposable income.While consumers were the dominant engine behind growth last year amid solid employment gains, Bangsund said she expects trade and business development to take the baton in 2018 as earlier fears of a U.S. and global economic slowdown have proven unfounded in 2017. That could see the cyclical segments of the market that favour Canadian equities regain leadership performance.“The TSX will be the main beneficiary if that scenario of stronger growth and rising commodity prices does continue into 2018 due to that cyclicality of the Canadian stock market,” she said.A 2018 global market outlook report by Russell Investments Canada Ltd. also supports higher Canadian equity prices due to late-cycle tailwinds while still cautioning that it also expects volatility to be higher over 2018 versus 2017 as markets start to consider the timing of the next recession. Given this uncertainty around the domestic equities, the Russell report concluded it’s “modestly positive on Canadian equities with a price target of 16,900 for year-end 2018 for the S&P/TSX composite index.”Should Canadian equity returns in 2018 mirror those of the prior 12 months, Fehr said investors should keep in mind that while that doesn’t stack up well against the juggernaut momentum seen in other global markets, they are still relatively healthy gains.“For the Canadian market by historical standards it’s certainly solid,” he said. “It’s underperformance but it’s positive performance, so it’s not terrible.”Follow @DaveHTO on Twitter.
NEW YORK, N.Y. – Furniture seller Wayfair is following the path of other online retailers by opening an actual store.The company says it its first brick-and-mortar location will open by early next year in Florence, Kentucky, about 12 miles from Cincinnati. A spokeswoman for the Boston company says the 20,000-square-foot outlet store will sell items that have been returned but are in good condition, as well as other discounted goods.News of the Wayfair store was first reported by industry magazine Furniture Today.Online retailers have been establishing a physical footprint. Amazon.com, for example, bought grocer Whole Foods last year, has opened more than a dozen bookstores. It also plans to open more cashier-less Amazon Go convenience stores.Wayfair Inc. declined to say if it plans to open more stores.
Courtesy of MCTMajor League Baseball’s All Star Game featured both up-and-coming players making their first appearance in addition to veterans who have been there many times before. This year’s Mid-Summer Classic saw a pair of Cleveland Indians who had never been invited to the game before and a trio of Cincinnati Reds that have been the part of festivities multiple times. The American League defeated the National League 3-0 Tuesday night, to earn home-field advantage in the World Series.Indians second baseman Jason Kipnis has made an incredible turnaround after a tough start to the season. At the end of April, there was probably not a single Tribe fan who believed he would get invited to the All Star Game. With a batting average hovering around .200 at the beginning of May, it was difficult not to think 2013 may be a long season for Kipnis.However, the second baseman solidified his spot on the American League All Star roster with a terrific month of June, hitting a scorching .419 and posting an on-base percentage of .517, both of which led the AL. Kipnis leads the Indians in hits, RBI, batting average and on-base percentage at the break, and if the they have any chance of making the playoffs they are going to need more of the same from him.Aside from Kipnis, Justin Masterson is Cleveland’s other All Star. Also making his first appearance in the game, Masterson has been the one pitcher for Cleveland that the team has received consistency from during the first half.For the Reds, first baseman Joey Votto seemingly has cemented himself as a member of the All Star Game since winning NL MVP in 2010. He leads the National League with a .434 on-base percentage and is seventh in the league with a .318 batting average. The Reds star leads the league in on-base percentage because his plate discipline is something like we have never seen before, and he refuses to swing at pitches out of the zone.Three-time Gold Glove winner Brandon Phillips typically earns a trip to the All Star game due to his defensive abilities, but his bat is also a good reason he played in New York Tuesday. Phillips’ 74 RBI is second in the NL, and that kind of production from a second baseman can be attributed to him consistently hitting fourth in the lineup, a spot that is designated for driving in runs. Reds manager Dusty Baker has put Phillips in the leadoff or second spot in the lineup in years past, but leaving him to bat after Votto is where he really thrives.Aroldis Chapman made his second appearance at the Mid-Summer Classic Tuesday night. Known as the “Cuban Missile” across baseball for his fastball that tops out over 100 miles per hour, the Reds’ closer is on pace to finish the season with over 40 saves. If it were not for the bullpen in front of him blowing leads prior to the ninth inning, Chapman would easily have another five saves to his name.Kipnis doubled in a run in his only plate appearance Tuesday night, and Masterson was not sent to the hill by manager Jim Leyland. Votto and Phillips both went 0-2, and Chapman was able to show off his skills in the seventh inning as he struck out Adam Jones to end the inning.Regardless of each players production Tuesday night, it’s clear that both Cleveland and Cincinnati need their All Stars to keep playing like All Stars as they push toward the playoffs.
Redshirt-sophmore safety Tyvis Powell (23) makes a tackle during a game against Penn State on Oct. 25 in State College, Pa. OSU won in double overtime, 31-24.Credit: Mark Batke / Photo editorTyvis Powell is living a dream.The redshirt-sophomore safety and Bedford, Ohio, native, who came to OSU in 2012 as a top-100 defensive back according to ESPNU, committed to the Buckeyes when Luke Fickell was the interim coach in 2011, amidst the Tattoo-Gate scandal.Powell said Monday that it didn’t matter who the coach was, he was set on being a Buckeye from day one.“This is a dream. You’re not going to give up your dreams. No matter who is the coach, you grow up your whole life and you watch one certain team, and you root for this team all your life, that’s where you want to go,” Powell said. “Your heart is always going to be with that team. The only place I felt like I would give 100 percent effort all the time would be here.”Once in Columbus, however, Powell said he had thoughts about leaving OSU after being redshirted in 2012.“My redshirt year I struggled a lot,” he said. “Adjusting to college and everything, watching everybody else, all my teammates that came in with me were actually playing and me being a redshirt, it was kind of frustrating. I had some doubts about even being here in the first place, I can honestly admit that.”Powell said a talk with his high school coach Sean Williams helped him to realize OSU was the right place for him.“I had a serious conversation with my mentor, my high school head coach, about what I was going through,” Powell said. “He just kind of reminded me why I came here in the first place, and it kind of triggered some stuff off in my head. I just realized that if you really want something, you got to work for it. They are not just going to give it to you.”Just a year later, Powell was appearing in games for the Buckeyes, starting five as a redshirt-freshman and totaling 48 tackles.Powell said he stepped up his work ethic to earn playing time because he did not want to be just another footnote in OSU football history.“People get here and they say, ‘Oh I arrived, I am just happy with being here.’ I kind of fell (in) with that a little bit, but then, like, I wanted more,” Powell said. “I wanted to be known, I wanted to make plays.”His biggest play as a redshirt-freshman came against Michigan when he stepped in front of a pass from then-redshirt-junior quarterback Devin Gardner on a two-point conversion that sealed a 42-41 OSU victory.The play is considered by some to be one of the biggest plays in recent OSU history, but Powell said he was only thinking about one thing when he made the catch.“I just thought it was something that would help get my seniors get their last pair of gold pants,” Powell said.The gold pants being an accolade Buckeyes receive following a win over Michigan, in the form of a small charm that usually bears the players initials and score of the game.Now a redshirt-sophomore and a full-time starter, Powell has made his presence felt again this season as he is currently second on the team in tackles with 40 and is tied with three other players for first on the team for interceptions with two.The second interception proved to be one of the biggest plays of Saturday’s game against Penn State as Powell dove in front of a pass from sophomore Christian Hackenberg in the second half of a 31-24, double-overtime win.Cornerbacks coach and special teams coordinator Kerry Coombs said he was particularly impressed with the play Powell made.“I thought that interception Saturday night was spectacular,” Coombs said. “Coming across the field, running in front of the receiver, laying out and making that play. That’s just typical of what Tyvis is doing right now.”Heading into Saturday’s game against Illinois at Ohio Stadium, Coombs added that the improvement of Powell from last season to this season has been exceptional.“I noticed, I think we all have, in Tyvis tremendous leaps and strides in this season,” Coombs said Monday. “Knowing that he is coming in, he is going to be a starter. There’s a difference when you are fighting to get a job and when you have a job. And he has got a job and so he can take another step, I think, in his development.”Powell said his development has resulted in a practice drill being named after him by the coaches.“We got a drill on Tuesday that he (co-defensive coordinator and safeties coach Chris Ash) calls the ‘Tyvis Powell drill’ where we (just) tackle,” Powell said. “He calls it that, because at first I dreaded it, but now I love it. I embrace it. You got to embrace the things that suck.”Now, being one of OSU’s leaders and having a drill named after him, he still credits Williams for helping him achieve his dream.“At first I thought it wasn’t going to be a reality, but then me and my high school head coach came up with this plan,” Powell said. “I told him I wanted to come here, he said ‘Tyvis, you have the talent to get there and I can show you the way.’ He showed me some things, he created the work ethic inside of me that I didn’t know that I had and that ultimately helped me get here.”Powell said being in Columbus was the only choice entering college, adding he would have walked on as a Buckeye before accepting a scholarship elsewhere.“(It was) OSU or nothing,” Powell said.
Ohio State associate head coach Mike Stafford played for the Buckeyes from 1994 to 1998, serving as the closer his last two seasons. Credit: Courtesy of OSU AthleticsMike Stafford had spent the last seven seasons coaching pitchers at Ball State on the staff of then-head coach Greg Beals. But when Ohio State head coach Bob Todd retired in 2010, Beals emerged as the front-runner to take over the position.Stafford played for the Buckeyes from 1994 to 1998, serving as the closer his last two seasons. After graduating from Ohio State, he dreamed of returning to his alma mater to coach. And with Beals potentially heading to Columbus, the dream looked like a possibility.All this excitement was stored in the back of Stafford’s mind while on a recruiting trip to Chicago. While evaluating a recruit, his phone rang.“[Beals] called me on his way home from somewhere and said that ‘[Ohio State Athletics Director] Gene Smith just called and said that he offered me the job,’” Stafford said. “And I remember I was in Chicago, I took the call and went running behind the stadium and I was like ‘Wow this is, this is another life-changing moment.’”The opportunity had been a lifetime in the making for Stafford, who recently became Ohio State’s associate head coach.Stafford was born into a baseball family. He’s the only son of pitcher Bill Stafford, who won two World Series titles with the New York Yankees in the 1960s.Stafford said he constantly felt pressure from the media in Canton, Michigan, to live up to his father’s level. “There was awfully a lot of pressure to either match what my dad did or be better,” Stafford said. “But at the same time I felt like I learned a lot from it and made me a better player and person, and now a coach because of that.”Growing up 9 miles from Ann Arbor, Michigan, meant a majority of Stafford’s friends attended either Michigan or Michigan State, but he wanted to do something different. He wanted to leave the state. His high school baseball coach knew Todd, and after a visit, Stafford knew Ohio State was the place for him.Settling into first base to begin his Ohio State career in 1994, Stafford saw little playing time until his redshirt junior year. The Buckeyes had several left-handed pitchers leave the program and an opportunity appeared.“The biggest thing I wanted to tell coach Todd was, ‘I pitched in high school, I can help this team as a pitcher,’” Stafford said.The coaches gave him a shot in fall workouts and he won the closing role in the bullpen.Stafford saved six games in his redshirt senior season of 1998, 12th most all-time in a single season at Ohio State. His ERA was the lowest on the team in both 1997 and 1998. The Toronto Blue Jays felt Stafford was worth a 41st-round draft pick and he played in the minor leagues for four seasons. His professional career came to an end with the High Desert Mavericks, the Advanced Class-A team of the Brewers, after the 2001 season.“I was looking in the mirror, just thinking, ‘I’m 27 years old, I’m in high-A. I’m not making the progress that I feel like I need to to make my career as a big leaguer,’” Stafford said. “I felt like the writing was on the wall and I really needed to think about my future, and my future was I wanted to stay in the game of baseball somehow.”Doors soon blew open. The Yankees called Stafford to ask if he would be interested in becoming a scout. He accepted the opportunity and made plans to train for the position. But his plans changed.“A week before I was supposed to go to Arizona to go to scout school, my dad passed away,” Stafford said. “Scout school’s only offered once a year, this many days. And I wasn’t going to be able to do that and make that a priority over my family.”After some time off to grieve, Stafford instead became the bullpen coach for the Columbus Clippers. His stint lasted two seasons, ending a short time before Beals entered the picture.“After my first year at Ball State, I realized that I needed to have somebody to take care of our pitching staff,” Beals said. “Coach Stafford’s name came up a couple of times from professional scouts.”The same scouts told Stafford about the opportunity and worked to get him a phone interview. Beals called him in fall 2003.For almost an hour, the two discussed pitching, coaching philosophy and player development. Both recall an instant connection. “It almost felt like we knew each other before we even knew each other,” Stafford said.After an on-campus interview it was a done deal. Stafford was Beals’ choice for pitching coach.Fast forward more than 14 years, Stafford has produced five players selected in the first 10 rounds of the MLB draft and more than a dozen total picks. He’s won two conference titles with Beals. Now, before the 2018 season, he has been promoted to associate head coach.“The promotion is a loyalty thing for me,” Beals said. “One thing that you never want to have in your program is status quo, so to say. I want for there to be progression. I want there to be progression in our program, and so I want there to be progression in our coaching staff.”John Kuchno, a player who failed to make the team at Wake Forest as a freshman, was recruited to Ohio State by Stafford. He finished his collegiate career as a draft pick by the Pittsburgh Pirates. Current major-league pitchers Brad Goldberg and Drew Rucinski still ask for Stafford to evaluate them and offer advice.“Whether they win 12 games or two games, the work they put in, the accountability and the commitment that they have to get their education and play baseball at Ohio State is second to none,” Stafford said. “I still have a great relationship with all of them.”Beals made clear that one of Stafford’s greatest attributes is his ability to relate to players.Redshirt senior pitcher Adam Niemeyer was a fan of Stafford’s personality before even arriving at Ohio State, having met Stafford when he was recruited.“He seemed like a really genuine, down-to-earth person that wasn’t telling me stuff for me to believe him just to get recruited,” Niemeyer said. “He was telling me stuff that I could genuinely learn from.”Through the years, Stafford and Beals have maintained a strong relationship that has clicked since the early days at Ball State. Stafford is more laid back and soft spoken. Beals is a high-energy guy.After 14 seasons together, the promotion is a signifier of the camaraderie between two coaches who might coach together until one or both retire.“We have a friendship that goes beyond just our jobs,” Beals said. “You develop a level of trust, there’s more than just ‘this is your job, this is my job’ when you spend that much time with somebody.”Stafford sees himself staying at Ohio State for the foreseeable future.“I don’t feel like I have any aspirations of going anywhere else,” Stafford said. “I’m a Buckeye, I’ve always been a Buckeye, and this is my home.”
The former Marseille, Parma, Napoli and Lyon footballer is now ruling women’s football thanks to his managerial skills with Lyon WomenOlympique Lyonnais Féminin is a project founded in 2004 by Olympique Lyonnais in the French football league.Since then, the team has won a record 16 Division 1 championships, 9 Coupe de France, and 5 UEFA Women’s Champions League.Their most recent win came on May 24th, when Lyon Women beat Germany’s Wolfsburg 4-1 after extra time.And apart from the footballer’s work, one man has made this possible: Reynald Pedros.The former Parma, Napoli, Montpellier, Marseille and Lyon player is now ready to coach in his most difficult adventure.Apart from winning the Women’s Champions League, he also was selected today as The Best FIFA Women’s Coach, beating Asako Takakura from Japan and Sarina Wiegman from the Netherlands.Wullaert says City are ready for the Women’s Champions League Manuel R. Medina – September 9, 2019 According to Manchester City forward Tessa Wullaert his team can focus now on the UEFA Women’s Champions League after defeating Manchester United on Saturday.There were originally ten coaches shortlisted, but on September 3rd, the three finalists were announced.This is the first time a man has won the award since past winners include Silvia Neid from Germany in 2016 and Wiegman from the Netherlands just last year.The Best FIFA Women’s Coach Award 2016: Silvia Neid – Germany 2017: Sarina Wiegman – Netherlands 2018: Reynald Pedros – Lyon WomenCongratulations, Reynald Pedros 👏Winner of #TheBest FIFA Women’s Coach 2018 🏆#FIFAFootballAwards pic.twitter.com/dKDXBHW3km— FIFA Women’s World Cup 🇫🇷 (@FIFAWWC) September 24, 2018
AC Milan midfielder Suso revealed that a return to his native Spain over the past two summers has been a possibilityThe Spaniard joined Milan from Liverpool in January 2015 and has since emerged as one of the most promising talents in the Serie A.In light of this, Suso had been linked with a return to Liverpool along with a switch to Tottenham in the Premier League last season.However, Suso remained at the San Siro and has continued his fine form this term with four goals and eight assists in 12 Serie A matches.Top 10 players who played for both Barcelona and Valencia Boro Tanchev – September 14, 2019 Time to talk about the best players who represented both Barcelona and Valencia, prior to their La Liga encounter at Camp Nou this evening.But now Suso has announced a switch to La Liga had been a possibility with Atletico Madrid.“It’s true, there were contacts with Atletico Madrid,” said Suso, according to Football-Italia.“In the last two summers, I’ve had options to return to Spain.”Suso is contracted at Milan until June 2022.
Facebook Twitter Google+LinkedInPinterestWhatsApp Premier talks TCI future at Business Outlook Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, April 27, 2017 – Providenciales – It could very well be the busiest news day in the Turks and Caicos Islands today with a wide rance of events on tap including a first time FortisTCI Sponsored TCI Business Outlook conference. The even opened last night with a cocktail reception at Regent Palms and will continue today with power sessions at the Shore Club.Among the presenters are Vincent Vanderpool-Wallace, for CTO Chairman and principal partner with the BedfordBaker Group who will speak on the future of tourism; Bob Tredway, consulting futurist talking about having 20/20 foresight; Sir Ronald Sanders is here, he is Antigua’s ambassador to the US and OAS with a focus on opportunities, globalization and Small Island States; Human Resource Consultant, Oliver Mills will speak to workforce competitiveness; Attracting Inward Investment is the topic of CEO of Invest Turks and Caicos, John Rutherford; Dr. Franklin Hoevertsz of Aruba Utilities is also here and brings a case study of renewable energy integration and the country’s Premier, Hon Sharlene Robinson will be the conference starter on the Future of the TCI, Outlook for 2017 and Beyond.The TCI Business Outlook will be opened with remarks from FortisTCI CEO, Eddinton Powell and Governor of the territory, Dr. John Freeman. It gets started at the new Shore Club on Long Bay at 8am with registration.#MagneticMediaNews#FortisTCIBusinessOutlook Recommended for you Related Items:#FortisTCIBusinessOutlook, #magneticmedianews
German consumer magazine conglomerate Gruner + Jahr has withdrawn its bid for London-based Reed Elsevier’s b-to-b publishing arm, Reed Business Information.G+J backed out of the bidding process due to the unit’s advertising declines, a Reuters report says, citing a German magazine. The news shouldn’t come as any big surprise, DeSilva + Phillips managing partner Reed Phillips tells FOLIO:. “G+J is better known as a consumer magazine publisher,” he said. In 2005, G+J ceased its U.S. magazine publishing business by selling off its six titles: Parents, Fitness, Child, and Family Circle to Meredith Corporation for $350 million; and Fast Company and Inc. magazines to Morningstar founder and CEO Joe Mansueto for an estimated $35 million. According to a report on the Financial Times Web site, bidding entered the third round earlier this week with four of the eight original bidders still active. Bain Capital and a consortium of trade and private equity are said to be among those still in the hunt. A Reed Elsevier spokesperson could not be immediately reached for comment.Last month, Reed Elsevier was said to have allowed first bidders to re-submit their bids during the second round which, reportedly, came in significantly lower than the value of the original first-round bids, which were said to have ranged between $1.87 billion and $2.33 billion.Reed Elsevier put RBI—which publishes trade magazines including Variety and Publishers Weekly—on the block in February, it said, to cut the company’s exposure to cyclical advertising markets. Final bids may be due as soon as early October.
Caperton’s promotion “makes a lot of sense because she was handling a lot of the editor-in-chief responsibilities” since Toepfer’s departure, said the source.OK!’s ad pages increased 23 percent in 2008, according to Publishers Information Bureau figures. Ad sales in January were up 30 percent over the same month last year, the publisher said last month. Following the high profile departure of former Alpha Media executive Kent Brownridge as general manager, and the subsequent ouster of Susan Toepfer as its editor-in-chief, OK! magazine has promoted executive editor Katie Caperton to the top editor post, a knowledgeable source told FOLIO:.An OK! spokesperson did not immediately return a request for comment.Caperton, who joined the celebrity title in 2005 as editorial manager, will report to Sarah Ivens, who stepped down as editor-in-chief in October. Ivens, who moved to Kentucky but had been serving as interim editor-in-chief since Toepfer left last month, will remain with the magazine as editorial director, according to the source.
The Sports Illustrated Golf Plus US Open Preview, a standalone issue of SI Golf Plus, generated 43 ad-pages, a record high for the issue and a 33 percent increase from the same issue last year. Available to SI subscribers, the issue will be out this Wednesday, June 8.The issue includes three multi-page gatefolds from Titleist, Callaway and Northwest Mutual.In addition to record numbers for the Golf Plus US Open Preview, SI’s Golf Magazine and SI Golf Plus are also seeing growth, with ad pages up 10 percent in year-over-year comparison for the first half of 2011.SI’s See-Try-Buy program continues to grow as well, with golf and equipment apparel ad pages up 10 percent in year-over-year comparison for Golf Plus. Launched in 2009, The See-Try-Buy program is an editorially focused initiative, in which Sports Illustrated staffers test various golf equipment and share reviews with readers. After reading reviews, consumers can then customize and purchase equipment through See-Try-Buy retail partners Golf TEC and Golfsmith.