Penske Media to launch sports biz publication Sportico

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Penske Media Corp. said Thursday that it would launch a sports business publication called Sportico.It will launch this summer and have offices in New York and Los Angeles.Its editor and head of content will be Scott Soshnick, a former Bloomberg News sports business reporter. The president and CEO will be veteran sports and entertainment executive Dick Glover.“There couldn’t be a better team than Dick and Scott to launch Sportico and provide the leadership needed to create a successful digital media business,” said Penske CEO Jay Penske in a statement. “The strength of PMC’s financial standing allows us to be in…

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Football stars told to play their part and take wage cut

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Matt Hancock, the health secretary, has urged Premier League footballers to “play your part” in the coronavirus crisis and take a reduction in wages. Football clubs have been accused of operating in a “moral vacuum” after a number of them put non-playing staff on furlough leave without asking their superstar players to accept a pay cut. Speaking at the government’s daily coronavirus briefing, he said: “I think everybody needs to play their part in this national effort and that means Premier League footballers too. “Given the sacrifices that many people are making, including some of my colleagues in the NHS…

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